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Daily Dispatches
Argentina edges ahead in devaluation race; capital controls next
Submitted by cpowell on Mon, 2010-09-27 01:51 Section: Daily DispatchesFernandez Buys Dollars in 'Draconian' Bid to Weaken Argentine Peso
By Drew Benson and Ben Bain
Bloomberg News
Sunday, September 26, 2010
http://www.bloomberg.com/news/2010-09-27/fernandez-buys-dollars-in-draco...
Gary North: Gold audit is a red-alert threat to the regime
Submitted by cpowell on Sun, 2010-09-26 23:53 Section: Daily Dispatches11:48p ET Sunday, September 26, 2010
Dear Friend of GATA and Gold:
Market analyst Gary North observes this week that the most vulnerable part of the world financial order is secrecy around national gold reserves and that the most dangerous politician in the United States is Rep. Ron Paul, R-Texas, who is proposing legislation to audit the U.S. gold reserves.
North writes:
Europe's central banks halt gold sales
Submitted by cpowell on Sun, 2010-09-26 23:05 Section: Daily DispatchesBy Jack Farchy
Financial Times, London
Sunday, September 26, 2010
http://www.ft.com/cms/s/0/b9859c7e-c99b-11df-b3d6-00144feab49a.html
Europe's central banks have all but halted sales of their gold reserves, ending a run of large disposals each year for more than a decade.
Alasdair Macleod: The global politics of gold
Submitted by cpowell on Sun, 2010-09-26 18:27 Section: Daily Dispatches6:12p ET Sunday, September 26, 2010
Dear Friend of GATA and Gold:
In his latest essay the economist and former banker Alasdair Macleod explains concisely the worldwide strategic struggle under way between East and West over gold.
A decade into gold's ascent, Financial Times concedes its legitimacy
Submitted by cpowell on Sun, 2010-09-26 18:05 Section: Daily DispatchesGold: Value Locked In
By Javier Blas and Jack Farchy
Financial Times, London
Sunday, September 26, 2010
http://www.ft.com/cms/s/0/4b148650-c9a1-11df-b3d6-00144feab49a.html
Ambrose Evans-Pritchard: Gold is last refuge against universal currency debasement
Submitted by cpowell on Sun, 2010-09-26 17:35 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Sunday, September 26, 201
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/802632...
Two speculations on the monetary endgame in hyperinflation
Submitted by cpowell on Sun, 2010-09-26 12:06 Section: Daily Dispatches12:04p ET Sunday, September 26, 2010
Dear Friend of GATA and Gold:
The last couple of days have brought forth two long but fascinating if pseudonymous speculations on the likely course of the collapse of the world financial system into hyperinflation with gold as the once and future king.
Rising prices only spur gold purchases in China
Submitted by cpowell on Sun, 2010-09-26 10:55 Section: Daily DispatchesChinese Consumers Rush for Gold
From Xinhua News Agency, Beijing
Saturday, September 25, 2010
http://news.xinhuanet.com/english2010/video/2010-09/25/c_13528988.htm
BEIJING -- International gold prices rallied to record highs on Friday, with spot prices nearing $1,300 an ounce. China's gold prices followed the trend and continued to climb. But consumer enthusiasm hasn't been affected.
How many other nations are misreporting gold reserves?
Submitted by cpowell on Sun, 2010-09-26 10:40 Section: Daily DispatchesGold being a strategic weapon, why should ANY official data about it be believed?
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Saudi 'Did Not Buy New Gold Reserves in 2010'
From Reuters
via Trade Arabia, Manama, Bahrain
Sunday, September 26, 2010
http://www.tradearabia.com/news/newsdetails.asp?Sn=ECO&artid=186343
Japan signals determination to rig currency market
Submitted by cpowell on Sun, 2010-09-26 10:17 Section: Daily DispatchesSomeday, maybe a century or two from now, mainstream financial journalists will ask finance and foreign ministers and central bankers whether all this currency intervention and market rigging ever encompasses gold and silver, why it is usually undertaken largely in secret and often through intermediaries, and whether those intermediaries gain the opportunity to trade for their own accounts