Daily Dispatches

3:53p ET Wednesday, October 30, 2024

Dear Friend of GATA and Gold:

Your secretary/treasurer was interviewed yesterday by Craig Hemke for Sprott Money's monthly review for October, discussing gold buying by central banks, the gradual shift away from the U.S. dollar by the BRICs nations and others, and what he sees as the inevitable devaluation of major currencies and the corresponding increase in monetary metals prices.

The interview is 22 minutes long and can be found at Sprott Money here:

Mene, mene, tekel, upharsin.

* * *

By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Tuesday, October 29, 2024

The universe seems to know the dollar is in trouble. 

During a recent news conference, a reporter asked Treasury Secretary Janet Yellen, "How concerned are you about the potential impact of the dollar's status as the world reserve currency?"

Before the reporter could finish the question, the Treasury Department seal fell off the podium and hit the floor with a loud series of thuds.

Participating countries will resolve trade imbalances by buying gold

By Jim Rickards
Daily Reckoning, Baltimore
Monday, October 28, 2024

There's so much to discuss right now, from the upcoming election to geopolitical instability. But today I want to talk about gold. I call it the once and future money.

The use of gold as money existed from antiquity until gold backing broke down entirely in 1971. Still, central banks and finance ministries hold more than 37,000 metric tonnes of gold in reserve.

3:45p ET Sunday, October 27, 2024

Dear Friend of GATA and Gold: