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Daily Dispatches
Alasdair Macleod: West again plays into Putin's hands
Submitted by admin on Fri, 2023-11-10 11:35 Section: Daily DispatchesBy Alasdair Macleod
Head of Research, GoldMoney, Toronto
via Schiff Gold, White Plains, New York
Friday, November 10, 2023
The Great Game of geopolitics faces a new challenge. The new hotspot is Israel and the Muslim Middle East. Ukraine is all but over, and the US is likely to abandon her to her fate -- like Afghanistan.
We shall have to see how both will play out. Meanwhile, energy prices are set to keep inflation and interest rates high, undermining governments, banking systems, and businesses dependent on cheap credit.
Ted Butler: Money vs. metal
Submitted by admin on Thu, 2023-11-09 21:30 Section: Daily Dispatches9:30p ET Thursday, November 9, 2023
Dear Friend of GATA and Gold:
Silver market manipulation foe Ted Butler writes today that he has given up hope that U.S. market regulators will ever act against the investment banks that long have been suppressing silver prices. Any such action, Butler writes, might destabilize financial system, since the market-rigging banks are so big.
But, Butler adds, he remains confident that the ordinary forces of supply and demand will liberate the silver market anyway "fairly soon," since shortages of the metal are already apparent.
Jan Nieuwenhuijs: How central banks can use gold revaluation accounts to restore solvency
Submitted by admin on Thu, 2023-11-09 18:48 Section: Daily Dispatches6:47p ET Thursday, November 9, 2023
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuijs today details how central banks with gold reserves can use and indeed in recent years have used their gold revaluation accounts to restore themselves to solvency.
Nieuwenhuijs' analysis is headlined "How Central Banks Can Use Gold Revaluation Accounts in Times of Financial Stress" and it's posted at the Gainesville Coins internet site here:
UK sanctions gold and oil traders in new Russian clampdown
Submitted by admin on Wed, 2023-11-08 19:53 Section: Daily DispatchesBy Jonathan Browning
Bloomberg News
Wednesday, November 8, 2023
The UK government today targeted Russian gold miners, the largest refiner, and a Dubai-based trader involved in routing funds to Moscow as part of a package of fresh sanctions tied to the country's gold and oil sectors.
The UK sanctioned Nord Gold and Highland Gold Mining Ltd. alongside Krastsvetmet JSC, the biggest precious metals refinery in Russia.
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Gold market rigging is just part of central banking's comprehensive rigging and deception
Submitted by admin on Wed, 2023-11-08 14:12 Section: Daily Dispatches2:31p ET Wednesday, November 8, 2023
Dear Friend of GATA and Gold:
Today's edition of The King Report, the outstanding daily financial letter written by Bill King of M. Ramsey King Securities in Burr Ridge, Illinois, is excerpted below, reminding readers that surreptitious manipulation of the markets by the U.S. government extends far beyond gold -- that it is and long has been comprehensive.
Jan Nieuwenhuijs: Chinese central bank is in a hurry to buy gold covertly
Submitted by admin on Tue, 2023-11-07 16:06 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Tuesday, November 7, 2023
The People's Bank of China is in a hurry to buy enormous amounts of gold, indicating that it's preparing for substantial changes in the dollar-centric international monetary system.
Based on information from industry sources and my personal calculations, total gold purchases by the Chinese central bank (reported and unreported) in the third quarter this year accounted for 179 tonnes.
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China extends run of gold buying that has helped support prices
Submitted by admin on Tue, 2023-11-07 15:38 Section: Daily DispatchesWho thinks that China's official gold position is reported with any more candor than that of the United States?
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From Bloomberg News
Tuesday, November 7, 2023
China topped up its gold holdings for a 12th straight month in October, adding to a wave of purchases by global central banks that’s lent support to bullion prices.
Watch the New Orleans conference at home while helping GATA too
Submitted by admin on Tue, 2023-11-07 15:11 Section: Daily Dispatches3:13p ET Tuesday, November 7, 2023
Dear Friend of GATA and Gold:
You missed a lot if you didn't attend the New Orleans Investment Conference last week -- a great city renovating itself, wonderful restaurants, refreshing weather, people who make hospitality a way of life, and, of course, financial commentary from some great minds. (Oh, well, GATA's too.)
Four charged in theft of still-missing satirical golden toilet at Churchill's birthplace
Submitted by admin on Mon, 2023-11-06 19:07 Section: Daily DispatchesHave they searched the seventh floor at 62 Threadneedle St. in London? There's a lot of stuff there that belongs in a golden toilet.
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By Sulvia Hui
Associated Press
Monday, November 6, 2023
LONDON -- Four men were charged today over the theft of an 18-carat gold toilet from Blenheim Palace, the sprawling English country mansion where British wartime leader Winston Churchill was born.
Colombia accelerates plan to recover up to $20 billion in sunken treasure
Submitted by admin on Mon, 2023-11-06 08:41 Section: Daily DispatchesBy Jim Wysss
Bloomberg News
Friday, November 3, 2023
Colombia is accelerating its effort to recover as much as $20 billion in gold, silver and gems from a three-century-old shipwreck, even as U.S. treasure hunters sue for half the value.
President Gustavo Petro told officials to set up a public-private partnership, or do a deal with a private firm, to get the San Jose galleon off the Caribbean Sea floor as soon as possible, according to the minister of culture.
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