Daily Dispatches

Late-night buying parked huge amounts of rupees in gold

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By Bella Jaisinghani
The Times of India, Mumbai
Thursday, November 10, 2016

MUMBAI -- The first refuge of all those who wish to put their ill-gotten gains to good use remains gold, and this was proved once more on Tuesday. Jewellery stores in certain localities remained open beyond midnight, allowing large cash transactions.

India's bank note ban to disrupt gold-smuggling business

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A thousand-rupee note is worth less than US$15. What makes the Indian government think that smugglers won't easily switch to US$20 bills?

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By Rajendra Jadhav
Reuters
Thursday, November 10, 2016

Torgny Persson explains fraud of bullion banking and its defense of fiat money system

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10:56a ET Thursday, November 10, 2016

Dear Friend of GATA and Gold:

The big scandal isn't government's market rigging but news media's ignoring it

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1:29p ET Wednesday, November 9, 2016

Dear Friend of GATA and Gold:

As Donald Trump's election as president of the United States became apparent last night, Dow futures collapsed as much as 800 points and gold rose more than $50. But by this afternoon the Dow was up about 1 percent and gold had fallen back to a gain of barely a dollar.

What calmed things down so much?

Canadian mint employee guilty of smuggling $138,000 of gold in rectum

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From the Canadian Broadcasting Co., Toronto
Wednesday, November 9, 2016

OTTAWA, Ontario, Canada -- A former Royal Canadian Mint employee has been found guilty of smuggling more than $100,000 worth of gold from the building on Sussex Drive -- apparently in his rectum, an Ottawa judge ruled this morning.

What will Trump's election mean for the monetary metals?

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3a ET Wednesday, November 9, 2016

Dear Friend of GATA and Gold:

Indian currency revocation seen pushing many into gold

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From the Press Trust of India
via The Times of India, Mumbai
Tuesday, November 8, 2016

NEW DELHI -- The jewellery industry today welcomed the government's decision to ban old 500- and 1,000-rupee notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes.

Turk and Embry interviewed by King World News

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12:08p ET Tuesday, November 8, 2016

Dear Friend of GATA and Gold:

King World News today interviews GoldMoney founder James Turk, who disputes the U.S. stock market's predictive power for the presidential election --

http://kingworldnews.com/as-the-world-awaits-the-u-s-election-outcome-bu...

Lovers and central banks walk away from gold's scorching rally

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By Eddie Van Der Walt
Bloomberg News
Tuesday, November 8, 2016

Soaring gold prices have pushed out some of the biggest buyers.

Jewelry demand plunged 21 percent in the third quarter, taking the year-to-date total to the lowest level since 2009, according to a report from the World Gold Council. Central banks bought almost half as much gold as a year earlier.

Islamic finance nears final standard for gold-based products

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By Bernardo Vizcaino
Reuters
Tuesday, November 8, 2017

Islamic scholars are finalizing work on a sharia standard for gold-based products set to become effective before the end of the year and possibly help kick-start a new wave of product development in Islamic finance.

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