Daily Dispatches

As Asia takes over gold trade, World Gold Council considers standard for kilobars

Submitted by cpowell on Mon, 2018-01-22 14:59 Section: Daily Dispatches

By Pratima Desai
Reuters
Monday, January 22, 2018

LONDON -- The World Gold Council is studying the creation of a global standard for gold kilobars so they can be deployed as collateral in futures markets and potentially encourage demand, sources close to the matter said.

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USA Gold's Mike Kosares starts free daily letter on gold and silver markets

Submitted by cpowell on Mon, 2018-01-22 12:24 Section: Daily Dispatches

12:25p ET Monday, January 22, 2018

Dear Friend of GATA and Gold:

Mike Kosares of USA Gold in Colorado, whose commentaries GATA often calls your attention, today starts a free daily letter analyzing the gold and silver markets and related markets. The headline of the first edition is "Does It Matter If the U.S. Government Shuts Down?" and it's posted at USA Gold here:

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Bill Murphy: The gold cartel, sex scandals, and GATA

Submitted by cpowell on Mon, 2018-01-22 11:46 Section: Daily Dispatches

11:47a ET Monday, January 22, 2018

Dear Friend of GATA and Gold:

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Gold-backed and convertible cryptocurrency planned by Sprott

Submitted by cpowell on Sun, 2018-01-21 12:55 Section: Daily Dispatches

12:56p ET Sunday, January 21, 2018

Dear Friend of GATA and Gold:

Rick Rule, president of Sprott U.S. Holdings, interviewed this week by the Financial Survival Network's Kerry Lutz, disclosed that in a few days Sprott plans to introduce a cryptocurrency that is backed by gold and convertible into metal vaulted at the Royal Canadian Mint in Ottawa.

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Klondike Gold sponsors GATA reception Monday in Vancouver

Submitted by cpowell on Sun, 2018-01-21 12:48 Section: Daily Dispatches

12:48p ET Sunday, January 21, 2018

Dear Friend of GATA and Gold:

Klondike Gold Corp., which is exploring the Lone Star gold target near Dawson City in Canada's Yukon Territory --

http://www.klondikegoldcorp.com/

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If buying bitcoin was 'gambling,' its profits are tax-free in UK

Submitted by cpowell on Sat, 2018-01-20 12:46 Section: Daily Dispatches

The Tax-Free Bitcoin Loophole that Could Cost UK Treasury Millions

By Katie Morley
The Telegraph, London
Saturday, January 20, 2018

A tax loophole that reduces bitcoin investors' gains to zero will be exploited by people filling in their returns for this tax year, potentially creating millions in lost revenue for the government, experts have warned.

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China orders banks to stop financing cryptocurrencies as noose tightens around disrupter

Submitted by cpowell on Sat, 2018-01-20 12:12 Section: Daily Dispatches

By Xie Yu
South China Morning Post, Hong Kong
Friday, January 19, 2018

The People's Bank of China has ordered financial institutions to stop providing banking or funding to any activity related to cryptocurrencies, further tightening the noose since its shutdown of crypto exchanges last September sent digital currency enthusiasts fleeing overseas.