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USAGold's November letter links the decline of a currency's value with decline of society

10:52a ET Wednesday, November 4, 2020 Dear Friend of GATA and Gold: The November edition of USAGold's "News & Views" letter may be most notable for two obserations: -- Gold has increasing appeal of gold as a hedge against financial market risks. -- The decline of a currency's value mirrors the decline of the society served by the currency. But there are other worthy observations in the letter too. It's posted at USAGold...

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Craig Hemke at Sprott Money: Gold and silver will win the election

3:32p ET Tuesday, November 3, 2020 Dear Friend of GATA and Gold: Writing at Sprott Money, Craig Hemke of the TF Metals Report explains why he thinks gold and silver will win the U.S. election today, as the country runs trillions of dollars in federal budget decifits, promptly monetized by the Federal Reserve, no matter which party controls the presidency and Congress. Hemke's analysis is headlined "Election Day" and it's...

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Hugo Salinas Price: Strong demand for silver coins in Mexico

3:22p ET Tuesday, November 3, 2020 Dear Friend of GATA and Gold: Hugo Salinas Price of the Mexican Civic Association for Silver reports today that the public in Mexico appears to be buying about 3 1/2 times more 1-ounce silver Libertad coins than it is selling. Salinas Price adds that the issuer of the Libertad, the Mexican central bank, the Banco de Mexico, expects that its supply of the world-famous coin will be exhausted by...

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GATA Chairman Bill Murphy interviewed by Chris Marcus of Arcadia Economics

8:20p ET Sunday, November 1, 2020 Dear Friend of GATA and Gold: In an interview with Chris Marcus of Arcadia Economics, GATA Chairman Bill Murphy reaffirms his belief that silver will score a spectacular breakout against the forces that long have been suppressing monetary metals prices. The interview is 24 minutes long and can be seen at YouTube here: https://youtu.be/Pgk15zVgDTc CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action...

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Alasdair Macleod: The fate of the pound sterling

By Alasdair Macleod GoldMoney, St. Helier, Jersey, Channel Islands Thursday, October 29, 2020 This is the third in a series of articles focused on the outlook for major currencies. The first concluded that the U.S. dollar is already on the path of monetary hyperinflation. The second concluded that the euro system is close to collapse as a consequence of a combination of the failure of commercial banks and the TARGET2 settlement...

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Northern Ireland controversy shows why it's getting harder to mine gold

By Chris Baraniuk British Broadcasting Co., London Tuesday, October 27, 2020 For a thousand days, the caravan stood with banners and placards pinned to its side: "We are not afraid. This is our land. This is our home. We will die for it." Irish flags flutter in the wind. This is the anti-gold mine protest site set up by a group of locals in County Tyrone, Northern Ireland. With 460 million-year-old veins of gold strewn hither...

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'Greening' the world requires much more silver at a much higher price, First Majestic CEO says

9:08p ET Wednesday, October 28, 2020 Dear Friend of GATA and Gold: GATA got some compliments today as Andy Schectman and Elijah Johnson of the Miles Franklin coin and bullion shop interviewed First Majestic Silver CEO Keith Neumeyer. Neumeyer expressed disappointment that most mining company executives deny or ignore government-instigated manipulation of the monetary metals markets. He also asserted that the "green"...

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Have central banks really become net sellers of gold?

Or are financial journalism and market analysis merely failing again? * * * 12:41p ET Tuesday, October 27, 2020 Dear Friend of GATA and Gold: According to the old saying, sometimes attributed to Mark Twain, there are three kinds of lies: ordinary lies, damned lies, and statistics. Of course not all statistics are lies, but statistics always need to be challenged when the entities issuing them have an interest in spinning them a certain...

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China's yuan nowhere near cracking U.S. dollar hegemony

By Alicia Garcia-Herrero Nikkei Asia, Tokyo Tuesday, October 27, 2020 The yuan is higher than it has been in more than two years, and foreigners are suddenly showing interest again in holding the Chinese currency. Earlier in the decade Beijing brought the yuan into the spotlight through an aggressive effort to take the currency overseas through swap agreements with foreign central banks and offshore bond issuances denominated in the...

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China reminds markets that yuan's challenge to dollar is still on

From Bloomberg News via Yahoo News Monday, October 26, 2020 Investors wondering how China plans to evolve its financial markets in the coming years need look no further than the commentary from the weekend's Bund Summit in Shanghai for guidance. People's Bank of China Governor Yi Gang said that promoting broader use of the yuan will continue alongside the opening of markets. "The regulator's main job is to reduce restrictions on...

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Dollar debt of emerging markets tops $4 trillion for first time, BIS says

By Marc Jones Reuters Monday, October 26, 2020 LONDON -- Dollar-denominated debt in emerging markets has risen past $4 trillion for the first time following a surge in issuance during the COVID-19 crisis, data from the Bank for International Settlements has shown. The central bank umbrella group said a 14% jump in debt issuance during the April to June second quarter had driven a 7% year-on-year increase in broader dollar-denominated...

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Robert Lambourne: BIS' maneuvering in gold hits another high

By Robert Lambourne Saturday, October 24, 2020 The recently reported September statement of account of the Bank for International Settlements -- https://www.bis.org/banking/balsheet/statofacc200930.pdf -- discloses that the bank's use of gold swaps increased again to an estimated 520 tonnes, up 36 tonnes from August. This volume of gold is larger than the 504 tonnes held by the European Central Bank and unquestionably represents a...