By Nuzulack DausenReutersMonday, September 25, 2023 DAR ES SALAAM, Tanzania -- Tanzania has started buying gold locally as a way of boosting its foreign exchange reserves, the central bank said today. The central bank announced its intention of buying gold in late August. "The bank is therefore purchasing gold from domestic miners and traders, in Tanzanian shillings," Bank of Tanzania said in a statement. ... Dispatch continues below ... .... ADVERTISEMENT .... Buy metals at GoldMoney and enjoy ...

Today James Turk told King World News that the price of silver is poised for a massive upside breakout. That would be the launching pad that will take the price of silver to new all-time highs. September 25 (King World News) – James Turk:  Given all the sour sentiment out there about the precious metals, Eric, one could be excused for thinking that gold and silver are not doing much. After all, both metals have just been moving sideways in a trading range all year with gold – for now – stuck bel...

By James G. RickardsThe Daily Reckoning, BaltimoreMonday, September 25, 2023 When I talk about the war on cash and a cashless society, some people think I'm exaggerating the threat or they don't take it seriously. But I'm not exaggerating the threat. It's here, it's growing, and it'll only get worse. Today I'll show you the latest example. The proponents of the cashless society cite convenience as a major benefit. Why bother having to tote a bunch of cumbersome cash and coins around when you can...

Posted by SRSrocco in Economy, Energy, News, Precious Metals, Silver Members, Videos on September 25, 2023 — Comments Off on HEADING TO THE SILVER SYMPOSIUM & WHY INVEST IN SILVER: It’s All About The Energy Which Most Analysts Ignore I am heading to the Silver Symposium this weekend and look forward to explaining why “Energy” is the most crucial factor to invest in silver.  While most analysts at the Silver Symposium have their own opinions on why investing in silver is essential, I believe ...

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that gold is now on the verge of being revalued thousands of dollars higher. It is just a question of what day it will we will see the massive revaluation. A SICK US PATIENT WITH A $100 TRILLION DEBTSeptember 25 (King World News) – Egon von Greyerz, Founder of Matterhorn Asset Management:  The health of the world economy is clearly linked to the health of global lea...

By Pam and Russ MartensWall Street on ParadeMonday, September 25, 2023 On March 30, 2022, two highly troubling events occurred:  1) Federal Reserve data showed that unrealized losses on available-for-sale securities at the 25 largest U.S. banks were approaching the levels they had reached during the financial crisis in 2008. 2) The Fed simply stopped reporting unrealized gains and losses on these banks' securities. ... Dispatch continues below ... ... ADVERTISEMENT ... Fisher Precious Metals off...

11:59a Sunday, September 24, 2023 Dear Friend of GATA and Gold: On Kinesis Money's "Live from the Vault" program this week, London gold trader Andrew Maguire says suppressed Western gold prices are increasingly being arbitraged with higher prices in the East, especially in barter trade for oil in Russia. Maguire adds that gold is perfect currency for evading Western economic sanctions, especially for oil, and that China is preparing to evade sanctions resulting from the attack it is planning on ...

By Eddie Spence and Yvonne Yue LiBloomberg NewsSunday, September 24, 2023 What determines the price of gold?  For much of the past decade the answer was easy: the price of money. The lower rates fell, the higher gold climbed, and vice versa. Gold is the quintessential "anti-dollar" -- a place to turn for those who distrust fiat currency -- so it seemed natural that prices would rise in a world of low real interest rates and cheap dollars. Or when rates went up, gold, which pays no yield, natural...

Suriname’s waterways and trade winds carry mercury, a toxic metal used in gold extraction, to regions far removed from the country's gold mines By Bram Ebus and Wilfred LeeuwinDialogo Chino, LondonThursday, September 14, 2023 Fast-paced Surinamese men carrying sports bags heavy with gold rush through the entrance of one of the gold shops in the centre of Paramaribo, the capital city of Suriname.  The lookout, a man in sunglasses and shorts, watches from the parking lot, his hand resting on the c...

By Jan NieuwenhuijsGainesville Coins, Lutz, FloridaFriday, September 22, 2023 My estimation of global official gold reserves hit 38,764 tonnes in Q2 2023, breaking its previous record from 1965.  The new high confirms the world has entered a new era of gold. Central banks will continue to accumulate gold and the metal's role in the international monetary system will increase to the detriment of the U.S. dollar. ... Dispatch continues below ... ... ADVERTISEMENT ... Buy, Sell, or Store Precious M...

9:48p ET Friday, September 22, 2023 Dear Friend of GATA and Gold: While it is a few months old, the March 22 edition of financial analyst Luke Gromen's "The Forest for the Trees" letter remains an outstanding review of, first, the use of derivatives and gold leasing by central banks to control the gold price, and, second, the growing evidence that central banks plan to use the monetary metal to replace the U.S. dollar and U.S. Treasury bonds as the primary settlement mechanism for world trade. ....

In addition to gaining full access to all SRSrocco Report public and Silver Member content, Gold members will be privy to 1-2 Gold Member posts per week in the SRSrocco Report Gold Vault on the topics listed below.  Gold Members will also receive deeper layers of analysis on the content provided to Silver Members and the general public. Your Gold Membership will give you first-rate, up-to-date summaries of what’s trending in the fields below, including “My Type of Analysis” SRSrocco’s trademark ...

Today Nomi Prins, who has given keynote speeches to the World Bank, IMF, Federal Reserve, and many other prominent institutions, told King World News she expects to see radical moves in gold, bonds and foreign currency markets. September 23 (King World News) – Eric King:  “We are not going to have a triple top on the gold market. So the Fed has their trading room — we joke it’s the biggest hedge fund in the world — and they are kicking around the price of gold, the problem is that there is big m...

As we end another week of trading in September, gold and silver open interest has collapsed near the lowest levels in 5 years. September 22 (King World News) – Alasdair Macleod:  The FOMC and the Bank of England surprised markets by not raising interest rates this week as expected. Following the FOMC’s decision, gold and silver fell on the back of its hawkish statement before recovering slightly. In Europe this morning, gold was $1926 up a net $2 from last Friday’s close. Silver fared much bette...

By Ted ButlerSilverSeek.comThursday, September 21, 2023 After 40 years of silver price manipulation and suppression on the Comex, the physical market has experienced a lack of production growth as well as enhanced demand brought about by too-low silver prices.  According to the immutable law of supply and demand, silver is now in a deepening physical shortage in which sharply higher prices are both required and inevitable.  The key element that I speak of today is the likely behavior of the shor...

Posted by SRSrocco in Economy, News, Silver Members on September 21, 2023 — Comments Off on U.S. HOUSING MARKET TO HIT CATEGORY 5 STORM: Record Unaffordable Home Prices Propped Up By Huge Shadow Inventory We thought we had learned our lesson from the last U.S. Housing Bubble, but unfortunately, we didn’t.  The U.S. Housing Market is just as insane, or even worse than during the 2005-2008 period.  Americans have no idea that we are facing a massive Category 5 Storm in the U.S. Housing Market… Thi...

This is what the world now faces and it will send shockwaves though global markets. The outcome is almost guaranteedSeptember 21 (King World News) – Alasdair Macleod:  The planners’ assumption is that falling consumer demand will lead to lower prices. But to the extent that the authorities believe this is true merely exposes the levels of their economic ignorance, because output of production declines first and then consumption reduces as employees are laid off. Far from reflecting a decline in ...

By Alasdair MacleodHead of Research, GoldMoneyvia Schiff Gold, White Plains, New YorkThursday, September 21, 2023 Among the many problems currencies and markets face, there is one which is undocumented: the eurodollar market, which is yet another very large elephant in the room. This article quantifies eurodollars and eurodollar bonds, which are additional to US money supply and credit. ... Dispatch continues below ... ... ADVERTISEMENT ... Fisher Precious Metals offers great priceswith personal...

By Joe Deaux and Kim ChipmanBloomberg NewsFriday, September 15, 2023 A former JPMorgan Chase & Co. gold trader was ordered to serve six months behind bars for a fraud conviction tied to deceptive orders, the last criminal penalty imposed in a years-long spoofing saga at the bank. Christopher Jordan was sentenced today in Chicago by U.S. District Judge Edmond Chang. Jordan was convicted in December for placing deceptive spoofing orders from 2008 to 2010 that witnesses testified were rampant a...

Here is a look at what triggered the global selloff in stocks. Overseas Markets Tumble HardSeptember 21 (King World News) – Art Cashin, Head of Floor Operations at UBS:  Overnight, global equity markets are positively reeling in response to the reaction to the U.S. markets to the FOMC press conference. In Asia, Japan closed down the equivalent of 500 points in the Dow. Hong Kong was off about 450 points. Mainland China was relatively quiet, down only about 280 Dow points. India had a somewhat si...