China proposes to buy 5 percent of Saudi Aramco directly, sources tell Reuters

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By Rania El Gamal and Alex Lawler
Reuters
Monday, October 16, 2017

China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world's biggest oil producer on the stock market.

Russia's 'cryptorubles' won't be very crypto at all

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This report evokes the old joke about how there were only two television stations in the Soviet Union: Channel 1, with government programming, and Channel 2, where a KGB agent told viewers to turn back to Channel 1.

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Russia to issue 'cryptoruble'

By Jon Buck
The Coin Telegraph
Sunday, October 15, 2017

GATA Chairman Murphy interviewed by GoldSeek Radio

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10:56a ET Sunday, October 15, 2017

Dear Friend of GATA and Gold:

Koos Jansen: The gold-backed oil-yuan futures contract myth

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10:06a ET Sunday, October 15, 2017

Dear Friend of GATA and Gold:

Gold researcher and Chinese gold market expert Koos Jansen today argues that the Nikkei Asian Review's September 1 report asserting that China is planning an oil futures contract somehow "backed" by gold --

https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-w...

London's gold crown is slipping

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By Eddie Van Der Walt and Susanne Barton
Bloomberg News
Sunday, October 15, 2017

London is losing its Midas touch.

The Economist: The internationalization of China's currency has stalled

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From The Economist, London
Saturday, October 13, 2017

Is Britain ready to go cashless? UK heads toward abolishing physical money

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By Laura Suter, Richard Dyson, and Sophie Christie
The Telegraph, London
Saturday, October 14, 2017

The replacement of the forgery-prone old 1-pound coin, supposed to be fully implemented from tomorrow night, has sparked fresh speculation about how rapidly Britain is heading toward a new epoch in the history of spending -- the outright abolition of all physical cash.

China moves in as U.S. pulls back from global institutions

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By Shawn Donnan
Financial Times, London
Saturday, October 14, 2017

WASHINGTON -- The prospect of a wave of "America First" protectionism and tax reform in the United States has loomed large over this week's annual meeting of the International Monetary Fund and World Bank.

Sputnik News: Russia stockpiles gold to guard against manipulation by U.S.

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From Sputnik News, Moscow
Saturday, October 14, 2017

The Central Bank of Russia has recently been buying bullion at an unprecedented pace. According to Argentine financial expert Gabriel Rubinstein, this policy is aimed at protecting the Russian economy in the event of crisis situations, including against dollar-related "manipulations" by the United States.

The psychology of gold and why it has that allure

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By Puja Bhattacharjee
CNN, Atlanta, Georgia
Friday, October 13, 2017

When you think of the color gold, images of grandeur and extravagance are likely to come to mind.

For millennia the metal has adorned crowns and hilts of swords. It has been used to enhance paintings and ornaments to increase their value.