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Daily Dispatches
United Arab Emirates suspends 32 gold refineries
Submitted by admin on Wed, 2024-08-07 19:28 Section: Daily DispatchesBy Rob Bates
Jewelers Circular Keystone, New York
Wednesday, August 7, 2024
The United Arab Emirates Ministry of Economy has suspended 32 local gold refineries for three months for not following anti–money laundering laws, it said in a statement issued Tuesday.
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in Mexico and Operates Bullion Store
Ronan Manly: Elections and political uncertainty help drive gold demand and price
Submitted by admin on Thu, 2024-08-01 23:22 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Thursday, August 1, 2024
This year is shaping up to be a perfect storm for political risk and uncertainty, given that in addition to the upcoming US presidential and Congress elections, we have already seen major shifts in the political landscapes of two other G7 countries, France, and the United Kingdom.
BIS annual report again confirms GATA's accuracy with bank's gold swaps
Submitted by admin on Thu, 2024-08-01 15:11 Section: Daily Dispatches3:08p ET Thursday, August 1, 2024
Dear Friend of GATA and Gold:
GATA consultant Robert Lambourne today provides below his monthly report on the gold swaps maintained by the central bank of the central banks, the Bank for International Settlements, and superficially the report may seem ordinary, disclosing a small increase in BIS gold swaps from May to June, 7 tonnes, from 109 to 116.
Lambourne is too modest to highlight the most important development with the BIS' accounts. That is, the bank's annual report, dated March 31 --
Bill to create U.S. bitcoin reserve would finance it with gold revaluation
Submitted by admin on Wed, 2024-07-31 09:12 Section: Daily DispatchesU.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows
By Bradley Keoun
CoinDesk, New York
Tuesday, July 30, 2024
U.S. Senator Cynthia Lummis' plan for a new Strategic Bitcoin Reserve would finance purchases of the cryptocurrency partly by revaluing gold certificates held by the Federal Reserve System, according to a draft of the legislation obtained by CoinDesk.
Looks like Argentina has leased or pawned its gold in London
Submitted by admin on Tue, 2024-07-30 10:50 Section: Daily DispatchesThe Mystery of Argentina's Gold: Milei Admits That It Was Transferred Abroad, Without Specifying the Quantities or Destination
By Havier Lorca
El Pais, Madrid
Sunday, July 28, 2024
Argentina's reserves, held by its central bank, include almost 2 million troy ounces of gold, valued at about $4.5 billion. But lately there's a question that's on everybody's lips: Where is it?
Was it taken out of the country? Did some of it remain within Argentina, while the rest was transferred abroad?
Well, the official information only offers partial answers.
Brien Lundin: The metals bull market has begun and NOLA conference can be your guide to it
Submitted by admin on Mon, 2024-07-29 14:44 Section: Daily Dispatches2:47p ET Monday, July 29, 2024
Dear Friend of GATA and Gold:
Gold Newsletter editor and publisher Brien Lundin writes today that a gold, metals, and mining bull market like the one of the 1970s has begun.
"Massive buying from unexpected sources (central banks and China) has propelled gold to record heights this year," Lundin says. "This powerful new gold bull market has come as the factor everyone was expecting to drive the gold price higher -- a Fed pivot to the rate-cutting side of the cycle -- has been postponed.
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Jan Nieuwenhuijs: China's gold conduit revealed, shows central bank did not stop buying in May
Submitted by admin on Mon, 2024-07-29 14:19 Section: Daily Dispatches2:17p ET Monday, July 29, 2024
Dear Friend of GATA and Gold:
People who still believe official central bank data about gold reserves may do well to read today's analysis from gold researcher Jan Nieuwenhuijs, who examines customs export data from the United Kingdom, where the major physical gold market is located, and discovers that plenty of gold was shipped to China in May even as the People's Bank of China was saying it had paused its gold purchases.
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Pam and Russ Martens: NY Fed has contracted out key functions to JPMorgan Chase
Submitted by admin on Mon, 2024-07-29 12:45 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, July 29, 2024
David Morgan, Stefan Gleason discuss the future of sound money
Submitted by admin on Mon, 2024-07-29 11:29 Section: Daily Dispatches11:30a ET Monday, July 29, 2024
Dear Friend of GATA and Gold:
Mike Maharrey: Support sound money by reviving gold clause contracts
Submitted by admin on Sun, 2024-07-28 11:47 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, July 26, 2024
One of the ways the government maintains its fiat money system is by throwing up legal and regulatory roadblocks to those wanting to use real money such as gold and silver. Reviving the use of gold clause contracts removes one of those barriers.
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