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Daily Dispatches
Alasdair Macleod: Why the dollar is finished
Submitted by admin on Thu, 2023-07-20 13:06 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, July 20, 2023
Last week in my Goldmoney Insight I analysed the rationale for a new gold-backed trade settlement currency on the agenda of the BRICS summit in Johannesburg on August 22-24. This article is about the consequences for the dollar-based fiat currency regime.
There is strong evidence that planning for this new trade settlement currency has been in the works for some time and has been properly considered.
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Ronan Manly: Asahi vault 30 miles outside NYC added to Comex list
Submitted by admin on Wed, 2023-07-19 09:52 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Wednesday, July 19, 2023
Those who keep an eye on the well-known Comex daily gold and silver inventory reports, (officially titled CME's "Warehouse and Depository Stocks") will by now have noticed that a new depository and vault called Asahi Depository LLC has recently made an appearance on the reports, specifically since May this year.
RFK Jr. favors slowly returning U.S. to hard currency standard
Submitted by admin on Wed, 2023-07-19 09:39 Section: Daily DispatchesRFK Jr. Announces Plan to Back Dollar With Bitcoin, End Bitcoin Taxes
From Bitcoin Magazine, Nashville, Tennessee
via TheStreet.com, New York
Tuesday, July 18, 2023
Speaking at a Heal-the-Divide Political Action Committee event, Democratic presidential candidate Robert F. Kennedy Jr. outlined specific Bitcoin-focused policies that he would enact as president, including gradually backing the U.S. dollar with bitcoin and making bitcoin profits exempt from capital gains taxes.
Craig Hemke at Sprott Money: The great Keynesian experiment ends here
Submitted by admin on Tue, 2023-07-18 15:34 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, July 18, 2023
A long time ago in a galaxy far, far away, I came up with a tagline for my comments at ZeroHedge. It stated, "the end of the great Keynesian experiment is upon us, so prepare accordingly."
Well, it has taken longer than I expected, but at last here we are.
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Switzerland plans to conceal secrets of Credit Suisse collapse for 50 years
Submitted by admin on Tue, 2023-07-18 12:37 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, July 18, 2023
The "Deep State" is increasingly feeling like the "Deep Banking State."
Try to get any meaningful information to unravel the corrupt and dangerous interconnections between global banking behemoths today and some government or other entity has slapped a padlock on the information.
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GATA chairman sees weakening in monetary metals price suppression
Submitted by admin on Mon, 2023-07-17 21:43 Section: Daily Dispatches9:42p ET Monday, July 17, 2023
Dear Friend of GATA and Gold (and Silver):
GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, sees short-covering in the silver futures market and suspects that the entities that have been suppressing the price may be weakening, even as retail investor interest in the monetary metals has collapsed. The interview is 10 minutes long and can be heard at GoldSeek here:
Ted Butler: Code Red in silver futures
Submitted by admin on Sun, 2023-07-16 23:17 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Sunday, July 16, 2023
As a result of data released over the past week (mostly, the last three days), it seems clear to me that we may be facing a market emergency in Comex silver futures.
I am trying hard not to be alarmist, but what I see alarms the heck out of me -- to the point that I believe we are at the most critical juncture in Comex silver since the peak of prices back in early 1980, when all sorts of emergency measures were enacted to deal with the Hunt Brothers that are debated to this day, 43 years later.
Are the BRICS ready to trade one master for another?
Submitted by admin on Sun, 2023-07-16 14:55 Section: Daily Dispatches2:56p ET Sunday, July 16, 2023
Dear Friend of GATA and Gold:
Prompted by the confiscation of Russian assets by the United States and its Western European allies, governments, central banks, and even mainstream news organizations are acknowledging what they should have known all along: that the more you use another nation's currency, the more subservient to that nation you become.
Central banks keep exploiting gold's discount on Comex, Maguire says
Submitted by admin on Sat, 2023-07-15 23:38 Section: Daily Dispatches11:35p ET Saturday, July 15, 2023
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, speaking on this weekend's "Live from the Vault" program from Kinesis Money, says central banks keep using the "exchange for physicals" mechanism of the New York Commodities Exchange to obtain gold at a discount in the London market. Official demand is so great, Maguire says, that the discount can't last much longer.
The program is 50 minutes long and can be viewed at YouTube here:
India agrees with UAE to settle trade in rupees
Submitted by admin on Sat, 2023-07-15 23:33 Section: Daily DispatchesBy Arpan Chaturvedi
Reuters
Saturday, July 15, 2023
NEW DELHI -- India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars, boosting India's efforts to cut transaction costs by eliminating dollar conversions.
During a visit by India's Prime Minister Narendra Modi to the UAE today, the two countries also agreed to set up a real-time payment link to facilitate easier cross-border money transfers.
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