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Daily Dispatches
Robert Kientz of GoldSilverPros.com: Perth Mint runs a fractional-reserve metals scheme
Submitted by admin on Fri, 2021-05-21 23:49 Section: Daily Dispatches11:45p ET Friday, May 21, 2021
Dear Friend of GATA and Gold:
Robert Kientz of GoldSilverPros.com reports this week that his detailed review with an accountant of the Perth Mint's latest annual report shows that the mint does not have all the metal it claims to vault for customers, nor enough cash to cover the difference, and that the mint is lending huge amounts of metal to unidentified entities.
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Gold pledging on the rise as stress hits Indian households
Submitted by admin on Fri, 2021-05-21 22:51 Section: Daily DispatchesBy Anuradha Shukla
The New Indian Express, Chennai
Friday, May 21, 2021
NEW DELHI -- With businesses shut, jobs lost, and salaries slashed, many people are pledging their household gold savings to borrow money to meet their essential expenditures as well as emergency medical requirements, show official data from the Reserve Bank of India.
Why Basel 3 might not bring the end of gold price suppression
Submitted by admin on Fri, 2021-05-21 13:59 Section: Daily Dispatches2:17p ET Friday, May 21, 2021
Dear Friend of GATA and Gold:
Alasdair Macleod: Does the BIS really mean to destroy gold and silver derivatives?
Submitted by admin on Thu, 2021-05-20 23:02 Section: Daily DispatchesThe End of Paper Gold and Silver Markets
By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, May 20, 2021
This article looks at the likely consequences of the Bank for International Settlements' introduction of the net stable funding requirement (NSFR) for bank balance sheets, insofar as they apply to their positions in gold, silver, and other commodity markets.
Craig Hemke at Sprott Money: U.S. rates getting more negative and will boost gold
Submitted by admin on Wed, 2021-05-19 21:48 Section: Daily Dispatches9:45p ET Wednesday, May 19, 2021
Dear Friend of GATA and Gold:
Real short-term interest rates in the United States and growing more negative, Craig Hemke of the TF Metals Report writes today at Sprott Money, noting an announcement last week by the Federal Reserve Bank of New York that it will start buying longer-dated Treasury bonds, suppressing rates there too.
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As gold and silver join commodity boom, try The Calandra Report and help GATA
Submitted by admin on Wed, 2021-05-19 12:29 Section: Daily Dispatches12:27p ET Wednesday, May 1p, 2021
Dear Friend of GATA and Gold:
With gold and silver showing strong signs of breaking out at last and the London Bullion Market Association appealing for central bank help to keep monetary metals prices down --
-- interest in gold and silver mining shares is rebounding.
... Dispatch continues below ...
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Ed Steer's 'Gold & Silver Digest' commentary posted in the clear at SilverSeek
Submitted by admin on Wed, 2021-05-19 12:15 Section: Daily Dispatches12:14p ET Wednesday, May 19, 2021
Dear Friend of GATA and Gold:
GATA board member Ed Steer's subscriber commentary from Saturday's edition of his Gold & Silver Digest letter (https://edsteergoldsilver.com), taking note of the new vigor in gold and silver prices, is posted in the clear at SilverSeek here:
https://silverseek.com/article/positive-close-precious-metals-friday
Canada's Centerra pursuing 'all measures' after Kyrgyzstan gold mine seizure, CEO says
Submitted by admin on Wed, 2021-05-19 11:20 Section: Daily DispatchesBy Jeff Lewis
Reuters
via Yahoo News, Sunnyvale, California
Tuesday, May 18, 2021
TORONTO -- Canada's Centerra Gold is taking all measures possible to protect shareholder rights and is seeing good support from the Canadian and UK governments, Chief Executive Scott Perry said today, a day after Kyrgyzstan seized control of the company's Kumtor gold mine.
Kyrgyzstan's parliament voted Monday to seize control of the gold mine, the country's largest, after Centerra said it would take the government to an international court. ...
Canadian consumer prices rise at fastest pace in a decade
Submitted by admin on Wed, 2021-05-19 11:07 Section: Daily DispatchesBy Shelley Hagan
Bloomberg News
Wednesday, May 19, 2021
Consumer prices in Canada climbed at the fastest rate in a decade, outpacing estimates and potentially fueling concerns that the country -- much of which is still in lockdown -- is entering a period of persistent inflation.
Annual inflation accelerated to 3.4% in April, compared with 2.2% in March, Statistics Canada reported today in Ottawa. That exceeded economist predictions of a 3.2% annual pace. On a monthly basis, inflation rose 0.5% versus the 0.2% economists were expecting. ...
Bitcoin slides below $40,000 after China's new crypto ban
Submitted by admin on Wed, 2021-05-19 10:35 Section: Daily DispatchesGovernments will have a harder time destroying gold, but they have been working on it for longer than cryptocurrencies have been around, and no escape from government control of money is likely to be easy.
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By Sujata Rao and Tommy Williams
Reuters
Wednesday, May 19, 2021
Bitcoin tumbled below the $40,000 mark today to a 3-1/2 month low as selling in digital coins intensified after China banned financial and payment institutions from providing cryptocurrency services.
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