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Daily Dispatches
Central banks accelerate shift from dollar to gold
Submitted by admin on Thu, 2021-12-30 11:11 Section: Daily DispatchesBy Haruki Kitagawa
Nikkei, Tokyo
Wednesday, December 29, 2021
TOKYO -- Central banks are increasing the gold they hold in foreign exchange reserves, bringing the total to a 31-year high in 2021.
Central banks have built up their gold reserves by more than 4,500 tons over the past decade, according to the World Gold Council, the international research organization of the gold industry. As of September the reserves totaled roughly 36,000 tons, the largest since 1990 and up 15% from a decade earlier.
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Dubai can't shake off the stain of smuggled African gold
Submitted by admin on Wed, 2021-12-29 11:12 Section: Daily DispatchesBy Simon Marks, Michael Kavanagh, and Verity Ratcliffe
Bloomberg News
via Yahoo News, Sunnyvale, California
In the moon-like landscape of northern Sudan, informal gold miners toil with spades and pickaxes to extract their prize from shallow pits that pockmark the terrain.
Mining ore in the sweltering heat of the Nubian desert is the first stage of an illicit network that has exploded in the past 18 months following a pandemic-induced spike in the gold price. African governments desperate to recoup lost revenue are looking to Dubai to help stop the trade.
China is hoarding strategic commodities, many supplied by U.S.
Submitted by admin on Wed, 2021-12-29 11:06 Section: Daily DispatchesBy Frank Dong
The Epoch Times, New York
Tuesday, December 28, 2021
China seems to be on a "hoarding spree," stockpiling strategic commodities from chips, minerals, to grains and cotton. In these global purchases, the United States is one of its largest suppliers.
Barisheff and Butler detail why gold and silver should be soaring
Submitted by admin on Tue, 2021-12-28 23:04 Section: Daily DispatchesBut will mining companies ever wonder why the metals aren't soaring?
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11:04p ET Tuesday, December 28, 2021
Dear Friend of GATA and Gold:
In his new essay, "The Perfect Storm for Gold," Nick Barisheff of Canadian gold fund manager BMG Group itemizes all the reasons gold should be soaring, and, indeed, should have been soaring for many years now.
GATA exposed it all in 2021 and needs your help to keep doing it in 2022
Submitted by admin on Sat, 2021-12-25 10:01 Section: Daily Dispatches10a Saturday, December 25, 2021
Dear Friend of GATA and Gold:
For establishing the rigging of the gold market by governments and central banks, 2021 may have been GATA's best year yet.
We produced an updated comprehensive summary of the history and components of gold price control policy --
-- and our consultant Stuart Englert's book, "Rigged: Exposing the Largest Financial Fraud in History" --
GATA exposed it all in 2021, but is it making any difference?
Submitted by admin on Thu, 2021-12-23 21:04 Section: Daily Dispatches9p Thursday, December 23, 2021
Dear Friend of GATA and Gold:
For establishing the rigging of the gold market by governments and central banks, 2021 may have been GATA's best year yet.
We produced an updated comprehensive summary of the history and components of gold price control policy --
-- and our consultant Stuart Englert's book, "Rigged: Exposing the Largest Financial Fraud in History" --
Alasdair Macleod: Gold and silver prospects for 2022
Submitted by admin on Thu, 2021-12-23 21:01 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 23, 2021
It has been a disappointing year for profit-seeking precious metal investors, but for those few of us looking to accumulate gold and silver as the ultimate insurance against runaway inflation it has been an unexpected bonus.
After reviewing the current year to gain a perspective for 2022, this article summarises the outlook for the dollar, the euro, and their financial systems.
JPMorganChase owns 62% of bank-held stock derivatives -- or is that a U.S. government position?
Submitted by admin on Thu, 2021-12-23 10:45 Section: Daily Dispatches10:48a ET Thursday, December 23, 2021
Dear Friend of GATA and Gold:
More great investigative journalism today from Pam and Russ Martens of Wall Street on Parade shows that JPMorganChase is listed as the owner of 62% of all stock derivatives held at all 4,914 federally-insured banks in the United States, a notional total of $3.3 trillion in derivatives.
The Martenses ask how anything like this possibly could be permitted by the U.S. government.
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GATA exposed it all in 2021, but is it making any difference?
Submitted by admin on Wed, 2021-12-22 20:52 Section: Daily Dispatches8:51p Wednesday, December 22, 2021
Dear Friend of GATA and Gold:
For establishing the rigging of the gold market by governments and central banks, 2021 may have been GATA's best year yet.
We produced an updated comprehensive summary of the history and components of gold price control policy --
-- and our consultant Stuart Englert's book, "Rigged: Exposing the Largest Financial Fraud in History" --
Sound Money Defense League's Stefan Gleason interviewed by Palisades Gold Radio
Submitted by admin on Wed, 2021-12-22 20:48 Section: Daily DispatchesFrom Palisades Gold Radio, Vancouver
Wednesday, December 22, 2021
Tom Bodrovics welcomes back Stefan Gleason. Stefan is president of Money Metals Exchange and director of the Sound Money Defense League.
They rank the U.S. states based on their sound money policies. The biggest factor is sales or income taxes on gold and silver. The Sound Money Defense League has recently gotten two new exemptions passed in Ohio and Arkansas. The league has additional legislation it hopes will be passed next year.
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