These gold claims turned out to be only paper

Section:

Where's the Counterparty Risk Management Group when you really need it?

* * *

Restitution Groups File Lawsuit to Force Payment of Old Polish Bonds

By The Associated Press
Monday, September 18, 2006

http://biz.yahoo.com/ap/060918/apfn_poland_wartime_bonds.html?.v=1

WARSAW, Poland -- Holders of pre-World War II gold-backed Polish bonds and others filed suit in a U.S. district court Monday against the government in Poland, seeking repayment on thousands of the notes they estimate to now be worth millions.

Russian oligarchs betting heavily on gold

Section:

Polyus Plans $1 Billion Share Buyback, London Listing

From Reuters
Monday, September 18, 2006

http://asia.news.yahoo.com/060918/3/2q25a.html

MOSCOW -- Polyus Gold, Russia's largest gold miner, will launch a $1-billion share buyback this month ahead of a planned listing in London by the end of 2006, the company said on Monday. Aiming to be among the world's top five gold miners by 2015, Polyus said it had hired Deutsche Bank for the buyback as it seeks to join a growing number of Russian companies listing on the London Stock Exchange .

Ted Butler: You make the call on market manipulation

Section:

9:25p ET Monday, September 18, 2006

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler's new commentary, "You Make the Call," explains the dishonesty in the latest response of the U.S. Commodity Futures Trading Commission to complaints of manipulation of the silver market. You can find it at GoldSeek's companion site, SilverSeek, here:

http://news.silverseek.com/TedButler/1158604304.php

Foreign businesses not as welcome as China changes strategy

Section:

By Elaine Kurtenbach
Associated Press
Saturday, September 16, 2006

http://biz.yahoo.com/ap/060916/china_foreign_investment.html?.v=1

SHANGHAI, China -- The going for foreign businesses in China, never easy, has gotten tougher as the government rethinks the "open door" policies that have made the country a magnet for foreign investment.

New rules forcing foreign news agencies to distribute news, photos and other services through the government's Xinhua New Agency are the most recent in a series of obstacles placed in the way of foreign businesses eager to invest in China. In recent months, Beijing has slapped limits on real estate investment and tightened controls on mergers and acquisitions -- moves that caught many foreign investors off-guard.

China rebuffs G7 appeals to let yuan rise faster

Section:

Despite Pleas of G7, Yuan Will Stay
on Current Track, Central Bank Chief Says

From Reuters
via CNN.com
Sunday, September 17, 2006

http://money.cnn.com/2006/09/17/news/international/bc.economy.china.zhou...

SINGAPORE -- China on Sunday brushed aside calls to take the yuan off its tight leash and said it would stick to its policy of letting the currency climb only gradually.

China sees no need for great FX reserves shift

Section:

From Reuters
Sunday, September 17, 2006

http://za.today.reuters.com/news/newsArticle.aspx?type=businessNews&stor...

SINGAPORE -- China has no need to make a big change in the composition of its $954.5 billion stockpile of reserves, the country's foreign exchange regulator said in remarks published on Sunday.

Iran knocks bank boycott, considers dumping dollars

Section:

Iran Vows Legal Action
on U.S. Move Against Bank Saderat

From Agence France-Presse
via Financial Express, Mumbai
Sunday, September 17, 2006

http://www.financialexpress-bd.com/index3.asp?cnd=9/17/2006&section_id=2...

SINGAPORE, Sept 16 -- Iran has vowed to take legal action to challenge US sanctions on the Iranian lender Bank Saderat and has said it is considering shifting some of its foreign exchange reserves out of the dollar.

Liberty Dollar proponents vow to resist government crackdown

Section:

From the Buffalo News
Saturday, September 16, 2006

http://www.buffalonews.com/editorial/20060916/6002444.asp

An attempt to buy beer at a Buffalo Sabres game using silver medallions known as Liberty Dollars landed two Derby men in trouble with Buffalo police last December. Now the federal government is warning people all over the United States that the medallions are "not legal tender" and that using them as money is a federal crime.

Is U.S. trying to drive Iran out of the dollar?

Section:

U.S. Asks Finance Chiefs
to Limit Iran's Access to Banks

By Steven R. Weisman
The New York Times
Sunday, September 17, 2006

http://www.nytimes.com/2006/09/17/world/middleeast/17paulson.html?_r=1&o...

SINGAPORE, Sept. 16 -- The United States pressed the top finance officials of the world’s leading industrial nations on Saturday to crack down on what Treasury Secretary Henry M. Paulson Jr. said was the exploitation of their banking systems by at least 30 Iranian front companies involved in illicit activities.

India nears approval of gold ETFs

Section:

Gold ETF Guidelines to be Announced Shortly

By Press Trust of India
via The Hindu, Madras
Saturday, September 16, 2006

http://www.hindu.com/thehindu/holnus/006200609160314.htm

MUMBAI -- Market regulator SEBI is busy giving finishing touches to the long-awaited detailed guidelines on the gold exchange-traded fund (ETF), which will allow retail investors to buy and sell gold like units of mutual funds.