Russia for first time holds more gold than U.S. dollars in international reserves

Section:

By Natasha Doff and Anna Andrianova
Bloomberg News
Tuesday, January 12, 2021

A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia's $583 billion international reserves above dollars for the first time on record.

UBS lowers threshold to charge depositors for negative rates

Section:

By Marion Halftermeyer
Bloomberg News
Tuesday, January 12, 2021

UBS Group AG plans to lower the threshold for customer deposits that will be subject to a charge as the bank deals with the prospect of low and negative interest rates for the foreseeable future.

Friday's smashing of gold was a BIS operation, von Greyerz tells KWN

Section:

3:50p ET Monday, January 11, 2021

Dear Friend of GATA and Gold:

The King Report: Friday's gold slam 'smells like a manipulation'

Section:

By Bill King
The King Report
Burr Ridge, Illinois
Monday, January 11, 2021

https://mramseyking.com/king-report

... Gold got slammed [Friday], falling as much as 3.73% on what the financial media called "technical selling." Someone slammed gold when Europe opened and again when the New York Stock Exchange opened. This smells like a manipulation.

Rick Ackerman: This is no time to give up on gold

Section:

By Rick Ackerman
Sunday, January 10, 2021

With gold's gratuitous 4% plunge on Friday, bullion has once again affirmed its reputation as one of the nastiest, most frustrating assets an investor can own.

Ed Steer's Gold and Silver Digest for Saturday posted at SilverSeek

Section:

1:15p ET Sunday, January 10, 2021

Dear Friend of GATA and Gold:

GATA board member Ed Steer's Gold and Silver Digest letter for Saturday, headlined "Another Egregious Bear Raid By the Big 8 Shorts," is posted in the clear at GoldSeek's companion site, SilverSeek, here:

https://silverseek.com/article/another-egregious-bear-raid-big-8-shorts

CHRIS POWELL, Secretary/Treasurer

Bitcoin holders barred from depositing profits in some UK banks

Section:

As long as government controls the banking system, how difficult will it be to cripple cryptocurrencies?

* * *

By Katherine Denham
The Times, London
Saturday, January 9, 2021

Bitcoin has surged to record highs this week but anyone who wants to take profits might struggle to cash in their gains.

Deutsche Bank to pay nearly $125 million to resolve U.S. bribery, metals charges

Section:

By Jonathan Stempel and Noor Zainab Hussain
Reuters
Friday, January 8, 2020

NEW YORK -- Deutsche Bank AG will pay nearly $125 million to avoid U.S. prosecution on charges it engaged in foreign bribery schemes and manipulated precious metals markets, the latest blow for the bank as it tries to rebound from a series of scandals.

Will this day of spectacular intervention nudge any consciences?

Section:

6:06p ET Friday, January 8, 2021

Dear Friend of GATA and Gold:

Dave Kranzler: Gold and silver victimized by paper games

Section:

By Dave Kranzler
Investment Research Dynamics, Denver
Friday, January 8, 2021

Gold and silver gave precious metals bulls a harrowing ride on the “down” price elevator today, as gold had as much as $82 removed from its price and silver was hammered as much as 10%.