Daily Dispatches

Jim Rickards sees 'Currency Wars' destroying dollar

Submitted by cpowell on Mon, 2011-12-26 18:48 Section: Daily Dispatches

James G. Rickards spoke at GATA's Gold Rush 2011 conference in London in August.

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By Jon Rosen
USA Today
Monday, December 26, 2011

http://www.usatoday.com/money/books/reviews/story/2011-12-23/book-curren...

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China, Japan to back direct trade of currencies, sidestepping dollar

Submitted by cpowell on Sun, 2011-12-25 20:38 Section: Daily Dispatches

By Toru Fujioka
Bloomberg News
Sunday, December 25, 2011

http://www.bloomberg.com/news/2011-12-25/china-japan-to-promote-direct-t...

TOYKO -- Japan and China will promote direct trading of yen and yuan without using dollars and will encourage the development of a market for the exchange, to cut costs for companies, the Japanese government said.

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Alasdair Macleod: Gold price set for hyperbolic increase

Submitted by cpowell on Sat, 2011-12-24 23:45 Section: Daily Dispatches

11:41p ET Saturday, December 24, 2011

Dear Friend of GATA and Gold:

Economist and former banker Alasdair Macleod, who spoke at GATA's Gold Rush 2011 conference in London in August, writes today that five factors will push the United States into hyperinflating the dollar. Macleod writes:

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Gold futures market vulnerable if people want real metal, Paul Brodsky tells KWN

Submitted by cpowell on Sat, 2011-12-24 20:15 Section: Daily Dispatches

8:13p ET Saturday, December 24, 2011

Dear Friend of GATA and Gold:

Fund manager Paul Brodsky tells King World News that the gold futures market is enormously vulnerable to a trend toward taking actual delivery of the metal, as metal is available to cover only 5 percent of the contracts sold. A summary of Brodsky's interview is posted at the King World News blog here:

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Turkey sharply increases its gold reserves

Submitted by cpowell on Fri, 2011-12-23 10:20 Section: Daily Dispatches

By Rhiannon Hoyle
The Wall Street Journal
Friday, December 23, 2011

http://online.wsj.com/article/SB1000142405297020455230457711601088993667...

LONDON -- Turkey lifted its gold reserves by a hefty 1.328 million troy ounces, or 30 percent, last month as central banks around the world maintained their positions as net buyers of the precious metal.