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Daily Dispatches
Alasdair Macleod: Now for the bull market
Submitted by admin on Fri, 2025-02-07 18:56 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, February 7, 2025
The bullion bank establishment is adjusting to gold and silver going far higher, which is why they are deleveraging their balance sheets. It is a process in its early stages.
Dave Kranzler: What is driving gold and silver higher?
Submitted by admin on Fri, 2025-02-07 12:34 Section: Daily Dispatches12:33p ET Friday, February 7, 2024
Dear Friend of GATA and Gold:
Dave Kranzler of the Mining Stock Journal writes today that the Trump tariffs explanation of the run on gold at the Bank of England "is nothing more than the cover story being disseminated by the big bullion banks using the ignorant mainstream financial media as the echo chamber." He contends that the fractional-reserve gold banking system, which has used derivatives to create a huge imaginary supply of the monetary metal, is breaking down.
Suddenly even the Financial Times can muse about gold revaluation
Submitted by admin on Fri, 2025-02-07 00:42 Section: Daily DispatchesBut it's not really a new idea at all. Seventeen years ago a former member of the Federal Reserve's Board of Governors, Lyle Gramley, remarked on Canadian television that revaluing gold could quickly strengthen the U.S. government's financial position:
https://www.gata.org/node/6989
Of course the FT and the rest of the mainstream financial news organizations took no notice of it.
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Gold Glitters as the Unimaginable Becomes Imaginable
Royal Marines wouldn't need a month or two to empty Bank of England's gold vault
Submitted by admin on Wed, 2025-02-05 20:21 Section: Daily Dispatches8:25p ET Wednesday, February 5, 2024
Dear Friend of GATA and Gold:
Bloomberg News seemed surprised today as it reported that "gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a scramble for bullion that's resulting in weeks-long queues to withdraw metal":
Treasure hunter jailed for 10 years for hiding gold coins finally scores legal win
Submitted by admin on Wed, 2025-02-05 15:10 Section: Daily DispatchesFrom CBS News, New York
Tuesday, February 4, 2025
A former deep-sea treasure hunter who has served nearly a decade in jail for refusing to disclose the whereabouts of missing gold coins has had that term ended by a federal judge in Ohio, but he will remain behind bars for now.
Gold delayed at Bank of England sells at discount to market price
Submitted by admin on Wed, 2025-02-05 14:24 Section: Daily DispatchesGold Dealers Sell Bank of England Bullion at Big Discounts in Tariff Turmoil
Yvonne Yue Li, Jack Ryan, Jack Farchy, and Sybilla Gross
Bloomberg News
via Yahoo News, Sunnyvale, California
Wednesday, February 5, 2025
Gold in the Bank of England vault is trading at a discount to the wider market, as fears over potential Trump tariffs spark a scramble for bullion that’s resulting in weeks-long queues to withdraw metal.
Stuart Englert: Is America really entering a golden age?
Submitted by admin on Wed, 2025-02-05 11:22 Section: Daily DispatchesBy Stuart Englert
Wednesday, February 5, 2025
References to the coming "golden age" keep popping up in presidential speeches and political posts, prompting some gold enthusiasts to wonder whether the mentions are symbolically meaningful or figurative hyperbole.
"This will truly be the golden age of America," President Donald Trump declared during his Election Night victory celebration in West Palm Beach, Fla., on Nov. 5.
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U.S. gold rush drives up borrowing costs for precious metal in London
Submitted by admin on Wed, 2025-02-05 08:48 Section: Daily DispatchesBy Leslie Hook
Financial Times, London
Wednesday, February 5, 2025
The cost of short-term gold borrowing in London has shot up as the shortage in the bullion world's trading capital has starved the market of the precious metal.
A gold rush into the United States -- where inventories on the New York Comex have risen 88% since November's election -- has drained the market in London, as traders try to get ahead of potential tariffs threatened by President Donald Trump. Users report bottlenecks of several weeks to withdraw gold from the vaults at the Bank of England.
Please help GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Tue, 2025-02-04 22:44 Section: Daily Dispatches10:45p ET Tuesday, February 4, 2025
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
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Kevin Bambrough: The silver squeeze, market manipulation, and the coming storm
Submitted by admin on Mon, 2025-02-03 20:22 Section: Daily Dispatches8:23p ET Monday, February 3, 2024
Dear Friend of GATA and Gold:
Retired Sprott executive Kevin Bambrough yesterday recounted how bullion banks long have made a habit of selling metal they don't really possess.
His story begins:
"During my tenure at Sprott (2002-2013), we had accumulated a significant position in silver in the 2005-2007 period. This was done via top-tier bullion bank certificates that promised five-day delivery. These weren't small positions. We're talking about substantial tonnage that was supposedly safely stored and readily available.
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