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Daily Dispatches
Gold options trading begins in India
Submitted by cpowell on Tue, 2017-10-17 10:15 Section: Daily DispatchesThere's never enough gold derivatives.
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MCX Launches Commodity Options Trading with Gold on Dhanteras
From The Times of India, Mumbai
Monday, October 17, 2017
NEW DELHI -- Finance minister Arun Jaitley today launched an options contract in gold on the Multi Commodity Exchange (MCX) on the auspicious occasion of Dhanteras.
Time to sell? Goldman Sachs says gold is better than bitcoin as money
Submitted by cpowell on Tue, 2017-10-17 10:06 Section: Daily DispatchesBy Ranjeetha Pakiam
Bloomberg News
Tuesday, October 17, 2017
Gold wins out over cryptocurrencies when assessed on the majority of the key characteristics of money, according to Goldman Sachs Group Inc., which adds that fear and wealth are the core drivers of bullion.
Ronan Manly: Neck and neck -- Russian and Chinese official gold reserves
Submitted by cpowell on Mon, 2017-10-16 13:04 Section: Daily Dispatches1:03p ET Monday, October 16, 2017
Dear Friend of GATA and Gold:
China proposes to buy 5 percent of Saudi Aramco directly, sources tell Reuters
Submitted by cpowell on Mon, 2017-10-16 11:11 Section: Daily DispatchesBy 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
Submitted by cpowell on Sun, 2017-10-15 15:50 Section: Daily DispatchesThis 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
Submitted by cpowell on Sun, 2017-10-15 10:57 Section: Daily Dispatches10:56a ET Sunday, October 15, 2017
Dear Friend of GATA and Gold:
Koos Jansen: The gold-backed oil-yuan futures contract myth
Submitted by cpowell on Sun, 2017-10-15 10:06 Section: Daily Dispatches10:06a 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
Submitted by cpowell on Sun, 2017-10-15 09:27 Section: Daily DispatchesBy 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
Submitted by cpowell on Sat, 2017-10-14 17:17 Section: Daily DispatchesFrom The Economist, London
Saturday, October 13, 2017
Is Britain ready to go cashless? UK heads toward abolishing physical money
Submitted by cpowell on Sat, 2017-10-14 16:26 Section: Daily DispatchesBy 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.
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