GATA

Koos Jansen: How constant is gold's purchasing power?

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11a ET Wednesday, September 28, 2016

Dear Friend of GATA and Gold:

Gold miner Petropavlovsk turns first profit since 2012

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By Jon Yeomans
The Telegraph, London
Wednesday, September 28, 2016

Russia-based gold miner Petropavlovsk has posted its first profit since 2012, as it looks to move on from a torrid few years.

Shandong Gold said to be top bidder for $2 billion Glencore mine

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By Dinesh Nair and Vinicy Chan
Bloomberg News
Tuesday, September 27, 2016

China's Shandong Gold Mining Co. has emerged as the lead bidder for Glencore's gold mine in Kazakhstan, which may fetch about $2 billion in a sale, according to people familiar with the matter.

First up: a gold depository in Texas. And then?

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By Anna M. Tinsley
Fort Worth Star-Telegram
Tuesday, September 27, 2016

A gold depository in Texas is just the first step.

After work begins on the state's first bullion depository -- and proposals to create it are due by the end of the week -- then officials hope to bring more commodity markets to the state.

'Debt binge' will implode world financial system, Embry says

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3:12p ET Tuesday, September 27, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today that the implosion of the world financial system is approaching because of the "epic debt binge" of the last 30 years and market manipulation won't forestall it forever. Embry's interview is excerpted at KWN here:

Randgold chief sees gold supply problem

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By Dineo Faku
The Independent, Cape Town, South Africa
Tuesday, September 27, 2016

JOHANNESBURG, South Africa -- Mark Bristow, South African-born founder and chief executive of Randgold Resources, foresees a looming supply problem in the gold industry, saying that there was not enough exploration to replace gold that was being produced.