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Daily Dispatches
Malaysian government will revisit use of gold dinar as reserve currency
Submitted by admin on Tue, 2023-10-17 11:18 Section: Daily DispatchesBy Nor Ain Mohamed Radhi and Qistina Sallehuddin
New Straits Times, Kuala Lampur, Malaysia
Tuesday, October 17, 2023
KUALA LUMPUR, Malaysia -- The government will revisit the idea of using the gold dinar as a reserve currency, the Dewan Rakyat [House of Representatives] heard today.
Prime Minister Datuk Seri Anwar Ibrahim said the matter will be discussed during the upcoming meeting on Islamic economics and finance held in December.
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Ronan Manly: JPM traders ravaged metals market but their bank retains dominance there
Submitted by admin on Mon, 2023-10-16 09:46 Section: Daily Dispatches9:48a Monday, October 16, 2023
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly today reviews the extensive criminal records of JPMorganChase traders in the monetary metals market and then enumerates 11 areas in which the bank retains its dominance of that market.
Brien Lundin: Gaza war won't hold gold up but might force Fed's hand
Submitted by admin on Sat, 2023-10-14 09:58 Section: Daily DispatchesBy Brien Lundin, Editor
Gold Newsletter, Metairie, Louisiana
Friday, October 13, 2023
(Excerpted by permission.)
With Israel preparing to cross into Gaza, no one wants to not own gold going into the weekend.
Safe haven assets are soaring today, but for this rally in gold to hold, we'll need the geopolitical situation to force the Fed's hand.
A $50 day in gold is a rare event, and it's one that obviously has many gold bugs dancing a jig.
Financial system breaking under higher rates, Bill Holter tells 'Live from the Vault'
Submitted by admin on Fri, 2023-10-13 23:29 Section: Daily Dispatches11:36p ET Friday, October 13, 2023
Dear Friend of GATA and Gold:
Monetary metals broker and commentator Bill Holter is this week's guest on Kinesis Money's "Live from the Vault" program with Shane Morand and London metals trader Andrew Maguire.
Holter contends that the West's longstanding scheme to control the world is coming to an end under the pressure of rapidly rising interest rates that are breaking the financial system, along with the prospect of central bank digital currencies.
The interview is 56 minutes long and can be viewed at YouTube here:
Eight Capital's Winston Miles explains why gold's inverse correlation with rates has broken
Submitted by admin on Thu, 2023-10-12 21:32 Section: Daily Dispatches9:33p ET Thursday, October 12, 2023
Dear Friend of GATA and Gold:
The most incisive market letter of the last several months may be the one just issued by Winston Miles, principal and head of institutional equity sales at Eight Capital in Toronto.
Miles' letter explains why the gold price and interest rates lately have broken their traditional inverse correlation, wherein gold falls as rates rise and vice-versa.
Bolivia sold $1 billion in gold this year but remains broke as its bonds collapse
Submitted by admin on Thu, 2023-10-12 13:55 Section: Daily DispatchesWestern gold price suppression policy doesn't seem to bother the government of another resource-rich nation that insists on being poor.
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Bolivia Running Out of Cash After $1 Billion in Gold Sales
By Oliver West
Global Capital, London
Wednesday, October 11, 2023
Bolivia is plunging into a balance of payments crisis amid a continued shortage of dollars, no recent official data on foreign currency reserves, and a hefty fiscal deficit.
Stirring the pot is former President Evo Morales, forced to flee the country in 2019.
Alasdair Macleod: Don't rely on GDP
Submitted by admin on Thu, 2023-10-12 13:27 Section: Daily DispatchesBy Alasdair Macleod
Head of Research, GoldMoney, Toronto
via Schiff Gold, White Plains, New York
Thursday, October 12, 2023
An important error in statistical analysis is that mathematical economists have lost sight of what their beloved statistics represent -- none more so than with gross domestic product.
New details about $20 million Toronto airport gold heist revealed in Brink's suit vs. Air Canada
Submitted by admin on Wed, 2023-10-11 09:35 Section: Daily DispatchesBy Adrian Humphreys
National Post, Toronto
Tuesday, October 10, 2023
The shock Toronto airport heist of $20 million in gold bars -- weighing 400.19 kilograms -- along with US$2 million in cash was as easy as walking into Air Canada's cargo facility, showing a false waybill, and leaving with the enormous haul, according to a lawsuit filed in court.
It was gone 42 minutes after it was unloaded from a plane arriving from Switzerland and transferred to a supposedly secure warehouse on the periphery of Toronto's Pearson airport, according to the statement of claim.
Nigeria can be another African gold powerhouse
Submitted by admin on Tue, 2023-10-10 23:28 Section: Daily DispatchesBy Oluwatomisin Amokeoja
Forbes / Forbes Africa, Jersey City, New Jersey
Tuesday, October 10, 2023
According to Statista's second-quarter report, Nigeria has secured the sixth spot among the top 10 African countries with the most substantial gold reserves.
At the forefront of West Africa, Nigeria boasts of 21.37 metric tons of gold reserves, valued at $1 billion -- resources considered by analysts as part of Nigeria's broader economic strategy to fortify foreign exchange reserves and decrease dependence on oil exports.
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In GoldSeek Radio interview, GATA chairman discusses prospects for monetary metals
Submitted by admin on Mon, 2023-10-09 19:43 Section: Daily Dispatches7:42p ET Monday, October 9, 2023
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and GoldSeek Radio's Chris Waltzek today discuss the prospects for the monetary metals amid rising debt and interest rates and the possibility that the Federal Reserve will stop raising rates. The interview is 14 minutes long and can be heard at Goldseek here:
https://goldseek.com/article/goldseek-radio-nugget-bill-murphy-gold-cartel-price-manipulation
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