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Daily Dispatches
London gold price benchmark breaks all-time high, LBMA says
Submitted by admin on Wed, 2023-12-27 16:46 Section: Daily DispatchesFrom Reuters
Wednesday, December 27, 2023
London's gold price benchmark hit an all-time high of $2,069.40 per troy ounce at an afternoon auction today, surpassing the previous record of $2,067.15 set in August 2020, the London Bullion Market Association said.
"I can think of no clearer demonstration of gold's role as a store of value than the enthusiasm with which investors across the world have turned to the metal during the recent economic and geopolitical turmoils," said LMBA's chief executive officer Ruth Crowell. ...
No takers for Indian rupees as payment for oil imports
Submitted by admin on Mon, 2023-12-25 18:29 Section: Daily DispatchesFrom the Press Trust of India
via The Times of India, Mumbai
Monday, December 25, 2023
India's push for the rupee to be used to pay for import of crude oil has not found any takers as suppliers have expressed concern on repatriation of funds and high transactional costs, the oil ministry told a parliamentary standing committee.
China sidelines its once-venerated central bank
Submitted by admin on Mon, 2023-12-25 18:01 Section: Daily DispatchesBy Cheng Leng and Sun Yu
Financial Times, London
Monday, December 25, 2023
The influence of China's once-powerful central bank has diminished as Beijing steps up a drive to centralise Communist party control over financial regulation.
Rare Edward VIII gold medal to go up for auction
Submitted by admin on Sun, 2023-12-24 21:30 Section: Daily DispatchesBy India McTaggart
The Telegraph, London
Monday, December 25, 2023
A rare gold medal featuring Edward VIII has emerged after an unsuspecting owner handed it to a pawnbroker.
The medal, thought to be one of just 26 in existence, bears the official Royal Mint effigy of the former king, whose reign lasted under a year before he abdicated the throne.
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USA Gold: Coins and Bullion Since 1973
Another government-sanctioned market manipulation that has enriched the very few?
Submitted by admin on Sat, 2023-12-23 09:39 Section: Daily DispatchesGold and silver advocate Eric Sprott reviews 2023 with Craig Hemke
Submitted by admin on Sat, 2023-12-23 00:54 Section: Daily Dispatches12:54a Saturday, December 23, 2023
Dear Friend of GATA and Gold:
Canadian mining entrepreneur and gold and silver advocate Eric Sprott was interviewed this week by financial letter writer Craig Hemke, providing a review of 2023 from a hard-money perspective. Sprott laments the increasing dishonesty in financial and political affairs, the underreporting of inflation, the naked shorting of the shares of mining exploration companies, gold price suppression by bullion banks, exploding government debt, and currency devaluation.
Police probe whether gold seized in Montreal is linked to Toronto heist
Submitted by admin on Fri, 2023-12-22 23:32 Section: Daily DispatchesBy Aaron Derfel
Montreal Gazette
Friday, December 22, 2023
Montreal and Toronto-area police are investigating whether the surprise seizure of hundreds of thousands of dollars worth of gold during a firearms raid in the east end of the city on Tuesday is connected to last April's daring $20 million gold heist at Toronto's Pearson Airport, the Gazette has learned.
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Merryn Somerset Webb: How much damage have central bankers done? A lot
Submitted by admin on Fri, 2023-12-22 11:06 Section: Daily DispatchesBy Merryn Somerset Webb
Bloomberg News
Friday, December 22, 2023
What's Christmas without a fight about money, a lunch-table villain and a really good book? For those who haven't yet finished their present shopping I have some suggestions that will give you all three in one happy package.
First up, someone must have a copy of "You Always Hurt the One You Love: Central Bankers and the Murder of Capitalism" by Bernard Connolly.
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FT promotes silver, but maybe just to divert interest in gold
Submitted by admin on Fri, 2023-12-22 09:05 Section: Daily DispatchesFive Gold Rings? I'd Rather Have Silver
By Moira O'Neill
Financial Times, London
Friday, December 22, 2023
All I want for Christmas is silver, copper, and uranium rings ... plus, maybe, some recycled gold.
When gold plunged to $1,355 in April 2013 financial advisers lined up to warn me that the metal was "just speculation" and "not a traditional investment" because it didn't pay an income.
Alasdair Macleod: Free banking -- myth and reality
Submitted by admin on Thu, 2023-12-21 16:36 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 21, 2023
Surely it is now apparent that central banks are guilty of mismanaging the economy. By slashing interest rates to zero and in some cases to an unnatural minus figure, then flooding financial systems with currency-equivalent credit conjured out of nothing, followed by rapidly increasing interest rates in an attempt to stem the consequences, central banks have bankrupted themselves and much of their entire economies.
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