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Daily Dispatches
Bill Murphy: 25 years of fighting the gold cartel
Submitted by admin on Sat, 2023-11-04 00:13 Section: Daily DispatchesRemarks by Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton Riverside Hotel, New Orleans
Wednesday, November 1, 2023
Alasdair Macleod: The future for fiat
Submitted by admin on Thu, 2023-11-02 14:43 Section: Daily DispatchesBy Alasdair Macleod
Head of Research, GoldMoney, Toronto
via Schiff Gold, White Plains, New York
Thursday, November 2, 2023
Gold market manipulation update: The battle may be going gold's way
Submitted by admin on Wed, 2023-11-01 19:10 Section: Daily DispatchesIllustrations for this presentation are posted here:
https://gata.org/sites/default/files/Powell_NOLA%20OctNov%202023%20v5%20%282%29.pdf
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ILLUSTRATION 1
Gold Market Manipulation Update
Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton Riverside Hotel, New Orleans
Wednesday, November 1, 2023
China launches stock indices to tap into rush for safe-haven gold
Submitted by admin on Wed, 2023-11-01 12:54 Section: Daily DispatchesBy Jason Xue, Samuel Shen, Summer Zhe
Reuters
Wednesday, November 1, 2023
SHANGHAI -- China's biggest index provider today launched two gold-linked stock indices to cash in on surging demand for exposure to the safe-haven metal amid a slump in the local real estate market and volatile global markets.
The new indexe, launched by the China Securities Index Co, include shares of global gold miners such as Newmont and Barrick Gold.
Robert Lambourne: BIS gold swaps fell in September as bank's substantial trading continued
Submitted by admin on Wed, 2023-11-01 12:21 Section: Daily DispatchesBy Robert Lambourne
Wednesday, November 1, 2023
Active trading in gold swaps by the Bank for International Settlements, the central bank of the central banks, continued in September.
From information in the BIS statement of account for the month, published this week —
Central bank gold binge is even bigger than had been thought
Submitted by admin on Wed, 2023-11-01 00:30 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
via Yahoo News, Sunnyvale, California
Tuesday, October 31, 2023
Central banks have loaded up on more gold than previously thought this year, offering crucial support to prices that have faced pressure from global monetary tightening.Countries expanded bullion reserves by 337 tons in the three months through September, the World Gold Council said in a report today. That follows an increase of 175 tons in the second quarter, which was bigger than the council’s previous estimate of 103 tons.
China leads record central bank gold buying in first nine months of year
Submitted by admin on Tue, 2023-10-31 09:50 Section: Daily DispatchesBy Harry Dempsey
Financial Times, London
Tuesday, October 31, 2023
China has spearheaded record levels of central bank purchases of gold globally in the first nine months of the year, as countries seek to hedge against inflation and reduce their reliance on the dollar.
Central banks have bought 800 tonnes in the first nine months of the year, up 14% year-on-year, according to a report by the World Gold Council, an industry group.
LFTV: Only gold revaluation might vanquish the debt monster
Submitted by admin on Sat, 2023-10-28 16:40 Section: Daily Dispatches4:37p ET Saturday, October 28, 2023
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics in Denver is the guest on this week's episode of Kinesis Money's "Live from the Vault" program with host Shane Morand and London metals trader Andrew Maguire, discussing, among other things, the Western debt monster and the impossibility of servicing it, except maybe with gold revaulation, which Maguire is convinced is coming.
The program is an hour long and can be viewed at YouTube here:
Ambrose Evans-Pritchard: Rising wave of property defaults threatens hundreds of U.S. banks
Submitted by admin on Fri, 2023-10-27 11:02 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, October 27, 2023
America's commercial property collapse is becoming a danger to the financial system.
Office blocks purchased with debt remain half empty, 18 months after the end of the pandemic. Thousands of buildings will have to be torn down. Hundreds of regional banks are sitting on crippling losses that they yet to acknowledge.
"It's a train wreck in slow motion," said Professor Stijn Van Nieuwerburgh, a property and finance expert at Columbia University.
Top gold refiner exits Swiss industry group amid sourcing dispute
Submitted by admin on Fri, 2023-10-27 10:40 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
Friday, October 27, 2023
Valcambi SA has resigned from the Swiss gold refining association after a disagreement over where it sources its gold.
Ticino-based Valcambi left the Swiss Association of Precious Metal Manufacturers and Traders, which coordinates communication and lobbying on behalf of the industry and requires members to sign a code of conduct, due to "irreconcilable differences," the association said in a statement.
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