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Daily Dispatches
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.
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Submitted by admin on Sat, 2024-05-04 23:28 Section: Daily Dispatches10:30a ICT Sunday, May 5, 2024
Dear Friend of GATA and Gold (and Silver and other metals):
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Trump blames strong dollar for U.S. economy 'going to hell'
Submitted by admin on Fri, 2024-05-03 23:21 Section: Daily DispatchesBy Chris Matthews
MarketWatch, New York
Friday, May 3, 2024
Donald Trump took aim at the Biden administration's management of the U.S. dollar in a recent interview, once again raising the possibility that, in a second term, he would push policies to weaken the American currency to boost exports.
"Our economy is going to hell. You have to see what's going to happen with the way with the outflow of jobs, with the dollar the way it's situated," he said in a Thursday interview with the local Fox affiliate in Detroit.
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China's economic gambit could nuke Putin's dollar ploy
Submitted by admin on Fri, 2024-05-03 06:19 Section: Daily DispatchesBy Brendan Cole
Newsweek, New York
Friday, May 3, 2024
Economists call it the "nuclear" option but speculation that China might devalue its currency the yuan (RMB) could cause fallout for Russia as President Vladimir Putin pushes to move the global economy away from its reliance on the U.S. dollar.
Barrick Gold is not interested in bidding for Anglo American
Submitted by admin on Thu, 2024-05-02 22:35 Section: Daily DispatchesBy Divya Rajagopal and Felix Njini
Reuters
Wednesday, May 1, 2024
TORONTO -- Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner's CEO Mark Bristow said Wednesday.
If BHP's proposed acquisition of Anglo is successful, it would create one of the world's biggest copper miners.
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