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Daily Dispatches
U.S. still faces possible default wave, asset declines due to pandemic, Fed warns
Submitted by cpowell on Mon, 2020-11-09 18:39 Section: Daily DispatchesFrom Reuters
Monday, November 9, 2020
WASHINGTON -- The United States may still face a wave of debt defaults and "significant declines" in asset prices because of the coronavirus pandemic and recession, the Federal Reserve warned today, in a stark reminder the economy is far from out of the woods.
Four gold coins unearthed in Jerusalem show ancient political turmoil
Submitted by cpowell on Mon, 2020-11-09 13:41 Section: Daily DispatchesFrom The Times of Israel, Jerusalem
Monday, November 9, 2020
A small pottery jar containing four pure gold coins dating back more than a thousand years was unearthed during archaeological excavations ahead of the planned installation of an elevator at Jerusalem's Western Wall, the Israel Antiquities Authority announced today.
Brutus' coin marking Julius Caesar's assassination sets auction record
Submitted by cpowell on Sat, 2020-11-07 19:03 Section: Daily DispatchesBy Billy Cox
Sarasota (Florida) Herald-Tribune
Friday, October 30, 3030
A prediction by a local numismatics expert made big headlines Thursday when a Roman artifact exceeded expectations to become the world's most expensive ancient coin.
Alasdair Macleod: The consequences of budget deficits for international trade
Submitted by cpowell on Fri, 2020-11-06 21:27 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, November 5, 2020
In all the economic mayhem ahead, no one is yet thinking of the consequences for trade imbalances. The twin deficit hypothesis informs us that skyrocketing U.S. budget deficits will lead to increasing trade deficits, a situation with serious political consequences.
Another attempt to help The Wall Street Journal solve the supposed mystery of gold
Submitted by cpowell on Fri, 2020-11-06 19:34 Section: Daily Dispatches7:42p ET Friday, November 6, 2020
Dear Friend of GATA and Gold:
Today's edition of The Wall Street Journal published another clueless report about what it called gold's failure to function as a safe haven amid financial turmoil.
... Dispatch continues below ...
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Negative-yield debt pile just hit another record high
Submitted by cpowell on Fri, 2020-11-06 11:21 Section: Daily DispatchesBy Cormac Mullen and John Ainger
Bloomberg News
Thursday, November 5, 2020
The world's stockpile of negative-yielding debt has swelled to a record in the wake of the U.S. election, as investors lower expectations for a fiscal splurge and turn their focus back to monetary support.
U.S. Rep. Alex Mooney, who puts key questions to Fed, Treasury, and CFTC, easily re-elected
Submitted by cpowell on Wed, 2020-11-04 11:16 Section: Daily DispatchesBy Mike Tony
Charleston (West Virginia) Gazette-Mail
Tuesday, November 3, 2020
U.S. Rep. Alex Mooney held a commanding lead in his bid for a fourth term representing the 2nd Congressional District.
As of midnight with nearly all precincts reporting, Mooney, a Republican, had tallied 156,184 votes to Democratic challenger Cathy Kunkel's 93,279, according to MetroNews.
Ronan Manly: QE and stimulus will continue no matter who is in charge
Submitted by cpowell on Wed, 2020-11-04 11:05 Section: Daily Dispatches11:07a ET Wednesday, November 4, 2020
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly argues today that the outcome of the U.S. elections won't change the country's monetary course, a fast track to infinite money and debt, which would seem positive for the monetary metals.
USAGold's November letter links the decline of a currency's value with decline of society
Submitted by cpowell on Wed, 2020-11-04 10:51 Section: Daily Dispatches10:52a ET Wednesday, November 4, 2020
Dear Friend of GATA and Gold:
The November edition of USAGold's "News & Views" letter may be most notable for two obserations:
-- Gold has increasing appeal of gold as a hedge against financial market risks.
-- The decline of a currency's value mirrors the decline of the society served by the currency.
Craig Hemke at Sprott Money: Gold and silver will win the election
Submitted by cpowell on Tue, 2020-11-03 15:29 Section: Daily Dispatches3:32p ET Tuesday, November 3, 2020
Dear Friend of GATA and Gold:
Writing at Sprott Money, Craig Hemke of the TF Metals Report explains why he thinks gold and silver will win the U.S. election today, as the country runs trillions of dollars in federal budget decifits, promptly monetized by the Federal Reserve, no matter which party controls the presidency and Congress.
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