Gold bars sell fast in South Korea's convenience stores and vending machines
Submitted by admin on Wed, 2024-05-08 12:12 Section: Daily DispatchesBy Lee Ying Shan
CNBC, New York
Tuesday, May 7, 2024
Aside from ramen and sausages, South Korea's convenience stores have a new popular item on the menu -- gold bars.
The country's largest convenience store chain, CU, has been collaborating with the Korea Minting and Security Printing Corp. to offer customers mini gold bars -- and they're selling like hotcakes.
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Fed's revolving door spins again as Kaplan returns to Goldman Sachs
Submitted by admin on Wed, 2024-05-08 01:02 Section: Daily DispatchesGoldman Sachs Names Former Dallas Fed Chief Kaplan as Vice Chairman
By Saeed Azhar
Reuters
Tuesday, May 7, 2024
NEW YORK -- Goldman Sachs said today it had appointed Robert Kaplan, the former president of the Federal Reserve Bank of Dallas, as its vice chairman, adding an influential former policymaker and Goldman alumni to its management committee.
Kaplan will give strategic advice to the Wall Street giant's clients globally, working closely with its teams across global banking and markets, and asset and wealth management, the bank said in a statement.
Jan Nieuwenhuijs: Why we are at the start of a multi-year gold bull market
Submitted by admin on Tue, 2024-05-07 21:40 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Tuesday, May 7, 2024
Recently the dollar gold price aggressively broke a multi-year resistance level on the back of escalating wars, worrying asset bubbles, and sticky inflation. Long-term indicators show gold is undervalued under these circumstances and can easily double in price over the coming years.
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China's gold buying slows as reserves grow for 18th straight month
Submitted by admin on Tue, 2024-05-07 21:33 Section: Daily DispatchesAt least the gold buying slowed if you believe official data, as Bloomberg News usually does
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By Sybilla Gross and Jack Ryan
Bloomberg News
via Yahoo Finance, Sunnyvale, California
Tuesday, May 7, 2024
China's central bank topped up its gold reserves for an 18th straight month in April, although the pace of buying slowed in the face of record prices.
China's gold-buying spree could be the straw that breaks the dollar's back
Submitted by admin on Sun, 2024-05-05 22:20 Section: Daily DispatchesBy Julian Jessop
The Telegraph, London
Sunday, May 5, 2024
Some commentators have spent decades predicting the imminent demise of the U.S. dollar's special status as the world's international reserve currency.
Eventually they will be right, and that day may be drawing much closer. As usual, China could hold the key.
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International trade will keep requiring more gold, Maguire tells LFTV
Submitted by admin on Sat, 2024-05-04 23:36 Section: Daily Dispatches10:36a ICT Sunday, May 5, 2024
Dear Friend of GATA and Gold:
Nations retreating from the U.S. dollar, especially those aligned with the BRICS group, will continue to require more gold for their international trade, London metals trader Andrew Maguire says in this week's "Live from the Vault" program from Kinesis Money.
