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Daily Dispatches
Debt will explode financial system and boost metals, commodities, Steer tells Wall Street Silver
Submitted by admin on Wed, 2021-07-28 21:35 Section: Daily Dispatches9:30p ET Wednesday, July 28, 2021
Dear Friend of GATA and Gold:
Wall Street Silver's standing committee of Lee Juston, Jim Lewis, and Ivan Bayouhki today interview GATA board member Ed Steer, publisher of Ed Steer's Gold & Silver Digest letter (EdSteerGoldSilver.com), about silver's prospects and the creakiness of the world financial system.
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Ronan Manly: The sage of Venezuela's 31 tonnes of gold at the Bank of England continues
Submitted by admin on Wed, 2021-07-28 19:36 Section: Daily Dispatches7:30p ET Wednesday, July 28, 2021
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly tonight reviews the long-running case of the competing claims to the Venezuelan gold reserves held at the Bank of England, concluding that if the government of the United Kingdom refuses to return the gold to the regime that actually runs Venezuela, no matter how corrupt and totalitarian it is, the Bank of England may be finished as an international custodian of gold reserves.
Brandon White: Gold confiscation -- the juice isn't worth the squeeze
Submitted by admin on Wed, 2021-07-28 13:51 Section: Daily Dispatches1:59p ET Wednesday, July 28, 2021
Dear Friend of GATA and Gold:
Gold confiscation by governments in the United States, Canada, and other Western countries isn't likely, GATA's old friend the gold industry veteran Brandon White writes this week, because the public owns too little of the monetary metal to make confiscation profitable.
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Good Mining Exploration Resumes Search
for Gold at Golden Target Project in Ontario
Craig Hemke at Sprott Money: Comex option expiration price control
Submitted by admin on Tue, 2021-07-27 20:35 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, July 27, 2021
Some of you will question why it's valuable to document the obvious price-rigging by The Banks. The answer? Because remarkably there are still "analysts," many of whom the precious metals community holds in high regard, who claim that the pricing mechanism is fair, honest, and free of price manipulation.
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Romania's Roman gold mines get UNESCO heritage status
Submitted by admin on Tue, 2021-07-27 20:25 Section: Daily DispatchesBy Stephen McGrath
Associated Press
Monday, July 26, 2021
BUCHAREST, Romania -- Ancient Roman mining galleries in a mountainous Romanian region that has been at the center of a long, fierce battle between a Canadian mining company and environmentalists were added to UNESCO’s World Heritage list today.
Rosia Montana, located in western Romania, is home to Europe's largest gold deposits. Gabriel Resources, a Canadian mining company that gained concession rights in 1999, planned to extract the gold and silver over a 16-year period.
Egyptian billionaire Sawiris establishes $1.4 billion gold mining vehicle
Submitted by admin on Tue, 2021-07-27 12:12 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Monday, June 26, 2021
Egyptian billionaire Naguib Sawiris has set up a $1.4 billion fund to hold his gold mining investments and pursue new opportunities in the sector, which he says is need of consolidation.
The Luxembourg-based La Mancha Fund will be a "deep value, long-only fund" dedicated to gold mining and open to new investors, Sawiris said. The fund will also invest in battery metals needed for electric cars.
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China's net gold imports via Hong Kong rebound in June
Submitted by admin on Mon, 2021-07-26 20:26 Section: Daily DispatchesBy Brijesh Patel
Reuters
Monday, July 26, 2021
China’s net gold imports via Hong Kong jumped nearly 42% in June after a slump in May, Hong Kong Census and Statistics Department data showed today.
Biden's crime chief had red flags on financial disclosure form but Senate ignored them
Submitted by admin on Mon, 2021-07-26 11:07 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, July 26, 2021
What happened on July 20 with the 56-44 vote in the Senate to confirm Kenneth Polite (pronounced Po-leet) to head the most powerful criminal law enforcement office in the United States, the Criminal Division of the Department of Justice, is a cautionary tale that should concern every American.
First Majestic CEO Neumeyer explains the only way of beating price suppression
Submitted by admin on Sun, 2021-07-25 21:55 Section: Daily Dispatches9:50p ET Sunday, July 25, 2021
Dear Friend of GATA and Gold:
In an interview with Daniela Cambone of Stansberry Research, First Majestic Silver CEO Keith Neumeyer says the only way to beat silver price suppression is for investors to buy physical silver and remove it from the banking system or for government regulators to move against the investment banks that create and sell infinite amounts of "paper" silver.
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Bullion Star infographic: Paper silver vs. physical silver
Submitted by admin on Fri, 2021-07-23 13:31 Section: Daily DispatchesFrom Bullion Star, Singapore
Friday, July 23, 2021
In the current global financial system, the international silver price is derived from trading of vast volumes of ‘paper silver’ that dwarf both physical silver exchange inventories and new physical silver supply.
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