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Daily Dispatches
Gold demand to hit record with central bank buying, gold council says
Submitted by admin on Wed, 2024-01-31 14:17 Section: Daily DispatchesWill price suppression hit a record too? The council didn't say.
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By Yvonne Yue Li
Bloomberg News
Wednesday, January 31, 2024
Total gold demand hit a record last year and is expected to expand again in 2024 as the U.S. Federal Reserve moves toward cutting interest rates, potentially aiding prices, according to the World Gold Council.
GATA's Steer talks silver deficit, China's gold accumulation, and confiscation
Submitted by admin on Tue, 2024-01-30 12:45 Section: Daily Dispatches12:48p ET Tuesday, January 30, 2024
Dear Friend of GATA and Gold:
GATA board member Ed Steer, publisher of Ed Steer's Gold & Silver Digest, was just interviewed by radio talk-show host Dave Janda on WAAM-AM600 in Ann Arbor, Michigan, discussing, among other things, the structural deficit in silver, China's heavy accumulation of gold, and the possibility of government confiscation of privately owned gold.
The interview is 24 minutes long and can be heard at Janda's internet site here:
With 40,000 tonnes, China can trigger a weaponized gold revaluation at any time, Maguire says
Submitted by admin on Fri, 2024-01-26 22:23 Section: Daily Dispatches10:23p ET Friday, January 26, 2024
Dear Friend of GATA and Gold:
China likely has 20 times the 2,200 tonnes in gold reserves it has officially reported, or 40,000 tonnes, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program, making a weaponized gold price revaluation possible at any time.
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China's gold imports surge to record high as appetite increases, middle class guards wealth
Submitted by admin on Fri, 2024-01-26 09:04 Section: Daily DispatchesBy Mia Nulimaimaiti
South China Morning News, Hong Kong
Friday, January 26, 2024
China's appetite for gold rose to record high levels last year, as investors sought to secure their assets and limit uncertainties caused by a weak yuan, an ongoing property slump and fears over a stock market rout.
Imports of gold for non-monetary use -- products including gold jewellery -- rose to 1,447 tonnes last year, breaking the previous record of 1,427 tonnes in 2018, according to the General Administration of Customs.
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GATA's Murphy, GoldSeek's Waltzek ponder whether this will be gold's year
Submitted by admin on Wed, 2024-01-24 22:33 Section: Daily Dispatches10:32p ET Wednesday, January 24, 2024
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, discusses whether this will be the year when the fundamentals of gold and silver demand finally are reflected in prices now that gold seems to be holding above $2,000 per ounce.
The interview is 15 minutes long and can be heard at Goldseek here:
UK to loan back Ghana's looted 'crown jewels'
Submitted by admin on Wed, 2024-01-24 20:50 Section: Daily DispatchesBy Katie Razzall
British Broadcasting Corp. London
Wednesday, January 24, 2024
The UK is sending some of Ghana's "crown jewels" back home, 150 years after looting them from the court of the Asante king.
A gold peace pipe is among 32 items returning under long-term loan deals, the BBC can reveal.
The Victoria & Albert Museum (V&A) is lending 17 pieces and 15 are from the British Museum.
Ghana's chief negotiator said he hoped for "a new sense of cultural co-operation" after generations of anger.
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Pam and Russ Martens: Inspector general whitewashes former Fed official's trading
Submitted by admin on Wed, 2024-01-24 12:28 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, January 24, 2024
To read mainstream media headlines, one would think that the Federal Reserve inspector general's office has exonerated former Dallas Fed President Robert Kaplan of any legal action for trading like a hedge fund kingpin while he was privy to insider information at the Fed.
Jamie McGeever: Foreign central banks think twice on U.S. Treasuries
Submitted by admin on Tue, 2024-01-23 18:50 Section: Daily DispatchesBy Jamie McGeever
Reuters
Tuesday, January 23, 2024
If foreign investors en masse are gorging on U.S. Treasuries, central banks may be beginning to lose their appetite.
Official U.S. flows data show that overseas private-sector investors -- banks, asset managers, insurance funds, pension funds, retail investors -- are loading up on Treasuries while the official sector's holdings are flat-lining at best.
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China rigs currency market just as U.S. does
Submitted by admin on Mon, 2024-01-22 11:33 Section: Daily DispatchesChina Moves to Support Yuan as Stock Markets Tumble
From Reuters
Monday, January 22, 2024
China's major state-owned banks moved to support the yuan today, tightening liquidity in the offshore foreign exchange market while actively selling U.S. dollars onshore as equities slid, four sources with knowledge of the matter said.
The goal was to prevent the yuan from falling too fast as China's A shares plunged, said one of the people, with the benchmark Shanghai Composite index posting its biggest one-day drop since April 2022 on Monday, down 2.7%.
Pam and Russ Martens: A Fed whistleblower reveals efforts to silence him
Submitted by admin on Mon, 2024-01-22 10:33 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, January 22, 2024
The U.S. Department of Justice needs to immediately appoint an independent special counsel to investigate how long and in how many ways the U.S. central bank (the Federal Reserve) has been functioning as a protection racket for Wall Street mega-banks.
We'll get to the latest revelation about the Fed bullying and intimidating a Fed official in a moment, but first some necessary background. ...
... For the remainder of the commentary:
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