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Daily Dispatches
Another government-sanctioned market manipulation that has enriched the very few?
Submitted by admin on Sat, 2023-12-23 09:39 Section: Daily DispatchesGold and silver advocate Eric Sprott reviews 2023 with Craig Hemke
Submitted by admin on Sat, 2023-12-23 00:54 Section: Daily Dispatches12:54a Saturday, December 23, 2023
Dear Friend of GATA and Gold:
Canadian mining entrepreneur and gold and silver advocate Eric Sprott was interviewed this week by financial letter writer Craig Hemke, providing a review of 2023 from a hard-money perspective. Sprott laments the increasing dishonesty in financial and political affairs, the underreporting of inflation, the naked shorting of the shares of mining exploration companies, gold price suppression by bullion banks, exploding government debt, and currency devaluation.
Police probe whether gold seized in Montreal is linked to Toronto heist
Submitted by admin on Fri, 2023-12-22 23:32 Section: Daily DispatchesBy Aaron Derfel
Montreal Gazette
Friday, December 22, 2023
Montreal and Toronto-area police are investigating whether the surprise seizure of hundreds of thousands of dollars worth of gold during a firearms raid in the east end of the city on Tuesday is connected to last April's daring $20 million gold heist at Toronto's Pearson Airport, the Gazette has learned.
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Merryn Somerset Webb: How much damage have central bankers done? A lot
Submitted by admin on Fri, 2023-12-22 11:06 Section: Daily DispatchesBy Merryn Somerset Webb
Bloomberg News
Friday, December 22, 2023
What's Christmas without a fight about money, a lunch-table villain and a really good book? For those who haven't yet finished their present shopping I have some suggestions that will give you all three in one happy package.
First up, someone must have a copy of "You Always Hurt the One You Love: Central Bankers and the Murder of Capitalism" by Bernard Connolly.
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FT promotes silver, but maybe just to divert interest in gold
Submitted by admin on Fri, 2023-12-22 09:05 Section: Daily DispatchesFive Gold Rings? I'd Rather Have Silver
By Moira O'Neill
Financial Times, London
Friday, December 22, 2023
All I want for Christmas is silver, copper, and uranium rings ... plus, maybe, some recycled gold.
When gold plunged to $1,355 in April 2013 financial advisers lined up to warn me that the metal was "just speculation" and "not a traditional investment" because it didn't pay an income.
Alasdair Macleod: Free banking -- myth and reality
Submitted by admin on Thu, 2023-12-21 16:36 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, December 21, 2023
Surely it is now apparent that central banks are guilty of mismanaging the economy. By slashing interest rates to zero and in some cases to an unnatural minus figure, then flooding financial systems with currency-equivalent credit conjured out of nothing, followed by rapidly increasing interest rates in an attempt to stem the consequences, central banks have bankrupted themselves and much of their entire economies.
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Sound money movement struck gold in many states in 2023
Submitted by admin on Thu, 2023-12-21 16:24 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Thursday, December 21, 2023
Against the backdrop of high inflation and geopolitical uncertainty, states are increasingly enacting measures that encourage saving in precious metals and even using gold and silver as money.
With five bills signed into law in 2023, sound money reforms are gaining momentum across the United States.
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Gold retailer Kitco's website disrupted in cybersecurity incident
Submitted by admin on Wed, 2023-12-20 22:56 Section: Daily DispatchesBy Joe Deaux
Bloomberg News
via BNN Bloomberg, Toronto
Tuesday, December 19, 2023
The website for Kitco Metals Inc., a North American precious metals retailer that also refines gold, continued to be disrupted Wednesday after a cyber incident temporarily disabled the site and online store.
The hedge fund traders dominating a massive bet on bonds
Submitted by admin on Wed, 2023-12-20 19:51 Section: Daily DispatchesBy Nishant Kumar, Donal Griffin, and William Shaw
Bloomberg News
via BNN Bloomberg, Toronto
Tuesday, December 19, 2023
Jonathan Hoffman, John Bonello, and Jonathan Tipermas share more than just similar first names. They're the driving force behind a gigantic wager on government debt that's been giving regulators sleepless nights.
GATA's consultant on BIS, Robert Lambourne, explains gold swaps
Submitted by admin on Wed, 2023-12-20 19:34 Section: Daily Dispatches7:35p ET Wednesday, December 20, 2023
Dear Friend of GATA and Gold:
Chris Marcus of Arcadia Economics this week interviewed GATA's consultant on the Bank for International Settlements about the bank's heavy and largely surreptitious intervention in the gold market via gold swaps on behalf of the bank's central bank members.
Lambourne reports regularly via GATA on the BIS' swaps, which are obliquely reported in the bank's monthly reports. His most recent report is here:
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