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Daily Dispatches
HSBC Hong Kong joins China's alternative to SWIFT payments system
Submitted by admin on Thu, 2024-10-24 10:46 Section: Daily DispatchesBy Kaye Wiggins
Financial Times, London
Thursday, October 24, 2024
HSBC Hong Kong has joined China's international payments system as a direct participant, giving the world's biggest player in trade finance a key role in Beijing's push to expand use of the renminbi.
The bank's Hong Kong unit is "formally joining" China's Cross-Border Interbank Payment System, known as CIPS, David Liao, co-chief executive of the bank's business in the Chinese territory, told a conference in Beijing, where he said the dominant role of the U.S. dollar was being "diluted."
Russia pushes for BRICS clearing, depository system to sidestep the West
Submitted by admin on Thu, 2024-10-24 10:31 Section: Daily DispatchesFrom Bloomberg News
Thursday, October 24, 2024
Russia has set out proposals for a unified depository and clearance system for BRICS countries, as it seeks to persuade member nations to deepen financial cooperation without the involvement of the West.
Silver will reach $50 this year, Steer says, but what will governments do then?
Submitted by admin on Wed, 2024-10-23 20:13 Section: Daily Dispatches8:14p ET Wednesday, October 23, 2024
Dear Friend of GATA and Gold:
Interviewed by Liberty and Finance's Dunagun Kaiser, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, explains why he thinks silver will reach $50 by the end of the year, breaking free of government price-suppression policy.
Dollar-dumping BRICs attendees must bring plenty of them to Kazan
Submitted by admin on Wed, 2024-10-23 10:42 Section: Daily DispatchesBy Huileng Tan
Business Insider, New York
Wednesday, October 23, 2024
Russian President Vladimir Putin is hosting a major summit with more than 20 world leaders whom he's trying to convince to ditch the dollar.
De-dollarization is one of Putin's priorities because trading in local currencies would mean that a heavily sanctioned Russia wouldn't be beholden to the Western U.S.-dollar-dominated global financial order.
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Gold and silver bull builds excitement for 50th anniversary New Orleans conference
Submitted by admin on Tue, 2024-10-22 21:01 Section: Daily DispatchesJoin GATA there but act soon. The conference's room block at the conference hotel, the Hilton New Orleans Riverside, closes this Friday, October 25.
* * *
By Brien Lundin
Gold Newsletter and New Orleans Investment Conference
Metairie, Louisiana
Thursday, October 3, 2024
We're in the final stages of preparing our agenda for this year's blockbuster 50th anniversary New Orleans Investment Conference, and I'm excited about the surprises we'll have in store for you.
Jan Nieuwenhuijs: A major shift as Western investors start buying gold
Submitted by admin on Tue, 2024-10-22 09:40 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Tuesday, October 22, 2024
In the past two years the East has been responsible for a momentous move upward in the gold price, decoupling it from the West's pricing model. But Western investors have taken back the baton and have been driving gold higher since June 2024.
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Clint Siegner: Regulators won't stop big bank malfeasance
Submitted by admin on Mon, 2024-10-21 18:11 Section: Daily DispatchesBy Clint Siegner
Money Metals Exchange, Eagle, Idaho
Monday, October 21, 2024
TD Bank just made headlines for pleading guilty to the crime of money laundering and a variety of other charges.
Bankers there provided services to despicable people who needed a way to recycle the cash proceeds acquired by selling everything from drugs to children.
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James Turk says $50+ silver is days or weeks away, not months
Submitted by admin on Mon, 2024-10-21 18:02 Section: Daily DispatchesFrom King World News
Sunday, October 20, 2024
Today GoldMoney founder James Turk warned King World News that $50 silver is days or weeks away, not months.
"You know what I find noteworthy about all these record highs in gold, Eric? It's the lack of excitement normally seen at bull market tops.
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First Majestic Mines Silver and Gold
in Mexico and Operates Bullion Store
World's $100 trillion fiscal timebomb keeps ticking
Submitted by admin on Sun, 2024-10-20 10:26 Section: Daily DispatchesBy Craig Stirling
Bloomberg News
Saturday, October 19, 2024
Even before global finance chiefs fly into Washington over the next few days, they’ve been urged in advance by the International Monetary Fund to tighten their belts.
Two weeks ahead of a potentially era-defining U.S. election, and with the world's recent inflation crisis barely behind it, ministers and central bankers gathering in the nation's capital face intensifying calls to get their fiscal houses in order while they still can.
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Hong Kong will boost gold trading, financial secretary says
Submitted by admin on Sun, 2024-10-20 08:44 Section: Daily DispatchesBy Jeanny Yu
Bloomberg News
Sunday, October 20, 2024
Hong Kong will roll out several measures with the aim of becoming an international trading center for gold and other commodities, Financial Secretary Paul Chan wrote in his blog today.
Policymakers plan to increase gold inventory facilities and accelerate the development of related businesses, such as trading, insurance and logistics, according to Chan. The city’s government will also expand gold-related derivatives trading to satisfy mortgage and hedging needs. ...
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