GATA

China's $170 billion gold rush triggers Taiwan invasion fears

Section: Daily Dispatches

By Melissa Lawford
The Telegraph, London
Tuesday, April 30, 2024

China has built up a $170 billion stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict over Taiwan.

The People's Bank of China bought 27 tonnes of gold in the first three months of the year, taking its reserves to a record high of 2,262 tonnes, according to data from the World Gold Council.

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Chinese public is buying more than twice as much gold as the nation mines

Section: Daily Dispatches

China's consumers seek security in gold, 'the only safe asset'

By Mia Nulimalmaiti
South China Morning Post, Hong Kong
Monday, April 29, 2024

Chinese consumers are increasing their appetite for gold, seeking to protect their assets amid a volatile stock market, a depreciating yuan, and property doldrums, which analysts said would continue to boost international gold prices coupled with geopolitical uncertainties.

Thai government pension fund shifts focus to gold and oil

Section: Daily Dispatches

By Wiuchiut Chantanusornsiri
Bangkok Post, Thailand
Wednesday, April 24, 2024

The Government Pension Fund is reducing investments in assets that may be affected by war and increasing investments in gold and oil to mitigate risk.

According to Songpol Chevapanyaroj, secretary-general of the fund, management this year is more challenging than last year because of the risk of wars and elections in several countries, as well as well as uncertainty about interest rates.

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Help GATA while making money: Subscribe to The Calandra Report

Section: Daily Dispatches

1:51p ET Saturday, April 27, 2024

Dear Friend of GATA and Gold (and Silver and other metals):

Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere. 

Trump allies draw plans to reduce Fed's independence

Section: Daily Dispatches

By Andrew Restuccia, Nick Timiraos, and Alex Leary
The Wall Street Journal
Friday, April 26, 2024

WASHINGTON -- Donald Trump's allies are quietly drafting proposals that would attempt to erode the Federal Reserve's independence if the former president wins a second term, in the midst of a deepening divide among his advisers over how aggressively to challenge the central bank's authority.

GoldSeek Radio's Waltzek, GATA's Murphy see U.S. losing control of gold price

Section: Daily Dispatches

8:15p ET Friday, April 26, 2024

Dear Friend of GATA and Gold:

GoldSeek Radio's Chris Waltzek and GATA Chairman Bill Murphy today discuss indications, like price volatility, that U.S. banks are losing control of monetary metals prices, as well as the possibility of a worldwide financial shock as the U.S. dollar is repudiated. 

The interview is 15 minutes long and can be heard at GoldSeek's companion site, SilverSeek, here:

Asante