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Daily Dispatches
Bank information may be at risk in Russian attempt to blackmail Fed
Submitted by admin on Mon, 2024-06-24 21:57 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Monday, June 24, 2024
A Russian hacking organization appears to be in the process of blackmailing the Federal Reserve.
On June 23 the criminal organization LockBit 3.0, a Russian ransomware cybercriminal group, publicly stated that it hacked the Federal Reserve and implied it would release more than "33 terabytes of juicy banking information containing details of Americans' banking secrets" unless a large ransom is paid.
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Thanks, Julian Assange, for some truth about gold price suppression
Submitted by admin on Mon, 2024-06-24 21:29 Section: Daily Dispatches9:44p ET Monday, June 24, 2024
Dear Friend of GATA and Gold:
Call us traitors if you want, but advocates of free and transparent markets in the monetary metals may be pleased by tonight's reports that Wikileaks founder Julian Assange has a plea deal with the U.S. government that will convict him of a felony charge of conspiring to obtain and distribute classified information, sentence him to time served in the United Kingdom while resisting extradition, and allow him to return to his native Australia.
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Pam and Russ Martens: Fed and FDIC suddenly awaken to the threat of big banks' derivatives
Submitted by admin on Mon, 2024-06-24 11:33 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, June 24, 2024
Since the financial crash of 2008 and the Federal Reserve's multi-trillion-dollar bank bailouts that followed, the Office of the Comptroller of the Currency has been waving a giant red flag every quarter in its Bank Trading and Derivatives Activities reports.
For 16 years the OCC has been reporting that just four megabanks are responsible for more than 80% of the trillions of dollars in bank derivatives.
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Nigeria begins to see results from developing its gold resources
Submitted by admin on Sun, 2024-06-23 17:10 Section: Daily DispatchesTinubu Celebrates as Nigeria Sells gold, Injects $5 Million into Economy
By Damilola Aina
Punch, Magboro, Nigeria
Sunday, June 23, 2024
Nigeria has recorded a commercial transaction of raw gold sales at the London Bullion Market Association, the minister of solid minerals development, Dele Alake, disclosed today.
Maguire, Macleod discuss monetary metals' future on 'Live from the Vault'
Submitted by admin on Sat, 2024-06-22 22:11 Section: Daily Dispatches10:11p ET Saturday, June 22, 2024
Dear Friend of GATA and Gold (and Silver):
GoldMoney research director Alasdair Macleod is the guest on this week's edition of Kinesis Money's "Live from the Vault" program with London metals trader Andrew Maguire.
They discuss Russia's defeat of Western economic sanctions, the world's diminishing fear of the United States, the possibility of de-facto gold standards in Asia, the prospects for a gold-related BRICs currency, the heavy involvement of China and India with gold, whether silver will outperform gold, and bitcoin.
Sprott Money salutes Ted Butler
Submitted by admin on Wed, 2024-06-19 19:17 Section: Daily DispatchesFrom Sprott Money, Toronto
Monday, June 17, 2024
The fight for free and fair pricing in the precious metals lost a longtime advocate last weekend with the passing of Ted Butler. Few have fought against the bullion banks as vigorously as Ted, and now we must continue the battle in his honor.
Singapore gold analyst agrees with GATA: Official Chinese data may be false
Submitted by admin on Wed, 2024-06-19 18:31 Section: Daily Dispatches6:42p ET Wednesday, June 19, 2024
Dear Friend of GATA and Gold:
In analysis today for Think China magazine in Singapore, the co-founder of Singapore research firm Plenum, Chen Long, echoes your secretary/treasurer's longtime assertions that no official gold reserve data is reliable, including China's, an assertion repeated in your secretary/treasurer's discussion last week with Soar Financially's Kai Hoffman, brought to your attention yesterday:
Official gold data is no good, GATA secretary tells Soar Financially's Kai Hoffman
Submitted by admin on Tue, 2024-06-18 16:41 Section: Daily Dispatches4:40p ET Tuesday, June 18, 2024
Dear Friend of GATA and Gold:
In a discussion last week with Kai Hoffman of Soar Financially, your secretary-treasurer dismissed reports that the People's Bank of China had "stopped" buying gold insofar as it reported not buying any in May for the first time in many months.
Official gold reserve information is unreliable, your secretary-treasurer said, providing several major examples of how it has been falsified over the years.
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Ed Steer: In tribute to Ted Butler
Submitted by admin on Tue, 2024-06-18 16:20 Section: Daily DispatchesBy Ed Steer
Ed Steer's Gold and Silver Digest
Tuesday, June 18, 2024
I still haven't really come to grips with the fact that Ted Butler is gone, even though I knew it had been coming since early March but kept quiet about it until I started getting questions from his subscribers about a month ago when the second notification went up on his website that he was ceasing publication of his column.
No words below will do justice to him, or his legacy.
Ronan Manly: Can gold-backed ZiG restore confidence and stability in Zimbabwe?
Submitted by admin on Tue, 2024-06-18 12:09 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Tuesday, June 18, 2024
When the words "Zimbabwe" and "currencies" are mentioned in the same sentence, many people will bring to mind the chronic hyperinflation period that Zimbabwe experienced from the early 2000s to 2009, and the infamous 100 trillion Zimbabwean dollar note Zimbabwe's central bank issued in a desperate attempt to cope with that hyperinflation.
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