Daily Dispatches

60 countries invest in Chinese fund to facilitate central bank gold purchases

Submitted by cpowell on Sat, 2015-05-23 15:04 Section: Daily Dispatches

China Sets Up Largest Gold Fund

From Xinhua News Agency, Beijing
Saturday, May 23, 2015

XI'AN, China -- A gold-sector fund involving countries along the ancient Silk Road has been set up in northwest China's Xi'an City during an ongoing forum on investment and trade this weekend.

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Reuters: Austrian central bank plans to repatriate gold from Britain, newspaper says

Submitted by cpowell on Fri, 2015-05-22 22:46 Section: Daily Dispatches

From Reuters
Friday, May 22, 2015

VIENNA, Austria -- Austria's central bank plans to repatriate some of its gold reserves from Britain after facing criticism for storing too much of the precious metal abroad, the Krone newspaper reported today without naming any sources for the information.

Officials at the Austrian National Bank were not immediately available for comment.

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Hyperinflation in Venezuela, which just pawned its gold

Submitted by cpowell on Fri, 2015-05-22 22:38 Section: Daily Dispatches

By Hannah Dreier
Associated Press
via Yahoo News, New York
Friday, May 22, 2015

CARACAS, Venezuela -- Venezuelans are dumping their rapidly-depreciating currency at a quicker pace, leading to a staggering plunge in its free-market value, as the crisis-plagued economy edges closer to an outbreak of hyperinflation.

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Defaults, bankruptcies will make things plain, but too late, Sprott says

Submitted by cpowell on Fri, 2015-05-22 14:27 Section: Daily Dispatches

2:25p ET Friday, May 22, 2015

Dear Friend of GATA and Gold:

Read more about Defaults, bankruptcies will make things plain, but too late, Sprott says

Austria reported to repatriate 110 tonnes of gold from Bank of England

Submitted by cpowell on Fri, 2015-05-22 12:19 Section: Daily Dispatches

12:16p ET Friday, May 22, 2015

Dear Friend of GATA and Gold:

Austria is repatriating 110 tonnes of gold from the Bank of England, according to an Austrian newspaper report cited today by gold researcher and GATA consultant Koos Jansen, who writes about it at Bullion Star here:

https://www.bullionstar.com/blogs/koos-jansen/kronen-zeitung-austria-rep...

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Dave Kranzler: Government fraudulently reported April inflation numbers

Submitted by cpowell on Fri, 2015-05-22 11:18 Section: Daily Dispatches

11:18a ET Friday, May 22, 2015

Dear Friend of GATA and Gold:

Read more about Dave Kranzler: Government fraudulently reported April inflation numbers

Koos Jansen: Chinese gold leasing is much lower than establishment claims

Submitted by cpowell on Fri, 2015-05-22 10:51 Section: Daily Dispatches

10:50a ET Friday, May 22, 2015

Dear Friend of GATA and Gold:

Gold leasing is far smaller than claimed by establishment analysts of the gold market, gold researcher and GATA consultant Koos Jansen reports today. His commentary is headlined "Chinese Gold Leasing Not What It Seems" and it's posted at Bullion Star here:

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BitGold to acquire GoldMoney for shares in transaction estimated at C$52 million

Submitted by cpowell on Fri, 2015-05-22 10:29 Section: Daily Dispatches

Company Announcement via Business Wire
Friday, May 22, 2015

TORONTO -- BitGold Inc., a platform for savings and payments in gold, announces that it has entered into an acquisition Agreement to purchase the operating and intellectual property assets of GoldMoney Network Ltd., subject to regulatory approvals and other customary closing conditions.