GATA - Gold Anti-Trust Action Committee | Exposing the long …
4 days ago · Reuters. Thursday, November 7, 2024. BEIJING -- China's central bank refrained from purchasing gold for its reserves for the sixth consecutive month in October, according to official data released today. China's gold holdings stood …
China searches for safe havens amid U.S. debt woes, dollar ...
3 days ago · Amanda Lee and Sylvia Ma South China Morning Post, Hong Kong Sunday, November 10, 2024. Ever since the U.S. dollar cemented its role as the backbone of the global financial system following the Second World War, it has been a weapon of choice for American presidents waging economic warfare.
Asia's central banks snap up gold in 'new normal' to reduce risk …
Dec 18, 2023 · The report said it signalled a "strong desire to diversify away from the U.S. dollar and .U.S dollar assets." That in turn has provided a floor to gold prices, powering prices to near-historic highs of above US$2,000 per troy ounce, fuelled by expectations of interest rate cuts by the U.S. Federal Reserve next year after a cycle of hikes over the past year and a half. ...
The world will never be free if it believes official gold data
11:52p ET Tuesday, June 11, 2024. Dear Friend of GATA and Gold: Headlines like this have been pummeling the monetary metals sector in recent days: "Gold Is Getting So Expensive That Even China's Central Bank Stopped Buying."
Daily Dispatches | Gold Anti-Trust Action Committee - GATA
4 days ago · By Jan Nieuwenhuijs Money Metals Exchange, Eagle, Idaho Friday, November 8, 2024. Countries outside the eurozone but inside the European Union -- that is, those that one day might join the eurozone, like Poland, Hungary, and the Czech Republic -- are positioning for a new gold standard.
Jan Nieuwenhuijs: Estimating the true size of China's gold reserves ...
Feb 23, 2023 · 11:40a ET Thursday, February 23, 2023. Dear Friend of GATA and Gold: Gold market analyst Jan Nieuwenhuijs today gives his estimate of the gold reserves held by the People's Bank of China: twice the tonnage officially reported.
President and House speaker reach deal to raise debt ceiling
May 27, 2023 · By Jim Tankersley, Catie Edmondson, and Luke Broadwater The New York Times Saturday, May 27, 2023. President Biden and House Speaker Kevin McCarthy tonight reached an agreement in principle to raise the debt limit for two years while cutting and capping some government spending over the same period, a breakthrough after a marathon set of crisis talks that has brought the nation within days of ...
Documentation | Gold Anti-Trust Action Committee - GATA
Oct 7, 2024 · 3:08p ET Thursday, August 1, 2024. Dear Friend of GATA and Gold: GATA consultant Robert Lambourne today provides below his monthly report on the gold swaps maintained by the central bank of the central banks, the Bank for International Settlements, and superficially the report may seem ordinary, disclosing a small increase in BIS gold swaps from May to June, 7 tonnes, from 109 to 116.
Basel 3 rules will wreck gold price suppression, LBMA warns Bank …
Feb 1, 2021 · 12:29p ET Saturday, May 8, 2021. Dear Friend of GATA and Gold: Pending "Basel III" regulations emanating from the Bank for International Settlements could destroy the clearing and settlement system for “unallocated” -- that is, “paper” or imaginary -- gold and silver, the London Bullion Market Association and the World Gold Council warned the Bank of …
GATA secretary reviews gold market intervention undertaken …
7:08p ET Sunday, November 12, 2023. Dear Friend of GATA and Gold: Your secretary/treasurer, interviewed during the recent New Orleans Investment Conference by Kai Hoffman of Soar Financial Group, discussed the recent decline in the gold swaps undertaken by the Bank for International Settlements, activity that signifies market intervention by central banks.