GATA's Murphy, GoldSeek Radio's Waltzek discuss metals beyond the breakouts
Submitted by admin on Mon, 2024-06-03 18:36 Section: Daily Dispatches6:35p ET Monday, June 3, 2024
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and GoldSeek Radio's Chris Waltzek today discuss the recent breakouts in gold and silver and wonder what will happen when trillions of dollars in derivatives start looking for safer places to reside in.
The interview is 13 minutes long and can be heard at GoldSeek here:
Faster Capital in Dubai publishes summary of gold price-fixing scandals
Submitted by admin on Mon, 2024-06-03 11:18 Section: Daily Dispatches11:18a ET Monday, June 3, 2024
Dear Friend of GATA and Gold:
Faster Capital, a business development company based in Dubai, has published a summary of gold market manipulation that, while emphasizing the culpability of major commercial banks, also cites GATA and the involvement of central banks.
The compendium is titled "Gold Price-Fixing Scandals: Examining the Impact of Goldfix Manipulation" and is posted at the Faster Capital internet site here:
Vietnam gold prices plunge as government sells
Submitted by admin on Mon, 2024-06-03 10:46 Section: Daily DispatchesBy Minh Hieu
VN Express, Hanoi
Sunday, June 2, 2024
The Saigon Jewelry Co. gold price has plummeted by 12% from its all-time high of VND92 million (US$3,619.91) seen on May 10 to VND81 million ($3,185.84) today.
The gold bar price is down 3% from the weekend. A tael equals 37.5 grams or 1.2 ounces.
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Jan Nieuwenjuijs: Gold overtakes euro in international reserves
Submitted by admin on Sun, 2024-06-02 10:06 Section: Daily DispatchesBy Jan Nieuwenjuijs
Gainesville Coins, Lutz, Florida
Thursday, May 30, 2024
Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal's share of global international reserves to the detriment of fiat currencies. By the end of 2023 gold surpassed the euro and the next fiat currency to be challenged is the U.S. dollar.
Louisiana reaffirms gold and silver as legal tender
Submitted by admin on Sat, 2024-06-01 18:46 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Friday, May 31, 2024
Louisiana Gov. Jeff Landry has signed a new law reaffirming gold and silver as legal tender, making a symbolic statement in favor of sound-money principles.
Senate Bill 232, sponsored by Sen. Mark Abraham, marks the sixth pro-sound money bill passed by a state this year, underscoring a national trend.
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Mike Maharrey: Did FDR really confiscate everybody's gold?
Submitted by admin on Fri, 2024-05-31 22:46 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, May 31, 2024
Did the U.S. government really try to confiscate Americans' gold?
The short answer is ... well, there isn't a short answer. It's a complicated subject with more nuance than most people give it.
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