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Daily Dispatches

Edwin Vieira: The constitutional questions on money need to be answered

Section: Daily Dispatches

By Edwin Vieira
The New York Sun
Tuesday, August 17, 2021

Any close observer of contemporary discussions of monetary policy must become disheartened by the tendency to treat that subject as a matter of politics, economics, and social effects, with little to no consideration of its necessary foundation in monetary law -- and, even more to the point, of the dependence of monetary law on the Constitution of the United States.

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Palantir purchases $50 million in gold bars as cash pile grows

Section: Daily Dispatches

By Jordan Novel
CNBC, New York
Tuesday, August 17, 2021

While some companies such as Tesla are diversifying into bitcoin, data analytics software company Palantir is betting on gold. Palantir bought $50 million in gold bars in August, the company disclosed in its latest earnings statement.

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Ronan Manly: How Britain's request for $3 billion in metal shattered the 'gold window'

Section: Daily Dispatches

12:10p ET Tuesday, August 17, 2021

Dear Friend of GATA and Gold:

Bullion Star researcher Ronan Manly has produced a detailed report on the de-facto bank run that caused the closing of the U.S. government's "gold window" in August 1971 -- European government requests, particularly from France and, more so, the United Kingdom, to convert huge amounts of their dollars into metal.

Manly reports evidence that even back then the United States did not have the gold reserves it claimed to have, at least not in "good delivery" form.

India's central bank buys record amount of gold in first half of 2021

Section: Daily Dispatches

RBI buys record gold this year, and at 700 tonnes, reserves up 27% in 2 years

By Rajesh Bhayani
Business Standard, New Delhi
Thursday, August 12, 2021

The Reserve Bank of India has increased its gold purchases, as part of its foreign exchange reserves. 

In the first half of 2021, the addition of gold to India's forex reserves has been the highest -- on a half-yearly basis -- at 29 tonnes. 

Now the RBI's gold holding -- as a proportion of its forex reserves — has for the first time crossed 700 tonnes. ...

Ed Steer: A commitment of traders report for the ages

Section: Daily Dispatches

6:06p ET Monday, August 16, 2021

Dear Friend of GATA and Gold:

GATA board member Ed Steer's Saturday commentary at Ed Steer's Gold & Silver Digest, headlined "A Commitment of Traders Report for the Ages," is posted in the clear at GoldSeek here:

https://goldseek.com/article/commitment-traders-report-ages

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

The great New Orleans conference returns, and with a money-back guarantee

Section: Daily Dispatches

By Brien Lundin
Publisher, Gold Newsletter
CEO, New Orleans Investment Conference
Saturday, August 14, 2021

This year’s New Orleans Investment Conference is coming up -- Tuesday through Friday, October 19-22 -- and you’ll kick yourself if you miss it.

Why? Because this is without a doubt the most valuable, important, rewarding -- and eagerly awaited --event in many years.

It will be the first big in-person event of its kind post-pandemic --a "welcome home" for hundreds of today's smartest and most active investors.

GATA Chairman Murphy rages at constant attacks on the monetary metals

Section: Daily Dispatches

8:15p ET Saturday, August 14, 2021

Dear Friend of GATA and Gold:

Those gold smashes aren't the bullion banks' doing but government's

Section: Daily Dispatches

4:11p ET Friday, August 13, 2021

Dear Friend of GATA and Gold:

Writing yesterday at Sprott Money, market analyst David Brady attributes last Sunday night's flash-crash attack on the monetary metals to the desperation of bullion banks to cover their longstanding short positions in the futures markets in anticipation of cataclysmic events that will be enormously positive for the metals.

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Ted Butler: The bad, the ugly, and the good

Section: Daily Dispatches

By Ted Butler
SilverSeek.com
Thursday, August 12, 2021

In the space of two trading days, the world of gold and silver prices was turned on its head. On Friday and Monday silver plunged to its lowest level of 2021, gold touched its low for the year and the silver/gold price ratio also rose to its most undervalued level for silver of the year. 

Not that anyone needs reminding, let me first run through the bad and ugly aspects of the price smash before getting into what was good about it. And yes, the bad and the good overlap.

Dave Kranzler: Is the Fed bracing for impact?

Section: Daily Dispatches

By Dave Kranzler
Investment Research Dynamics, Denver
Thursday, August 12, 2021

"The concept of transitory is really this: it is that, uh, the increases will happen. We’re not saying they will reverse. That's not what transitory means. It means that the increases in prices will happen, so there will be inflation, but that the process of inflation, uh, will stop so that, so that there won’t be furth- uh -- fur- ..."

-- Jay Powell, verbatim, on inflation at the last post-FOMC meeting press conference.

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