Daily Dispatches

Russia boosts gold production by 18% in half a year

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From Russia Today, Moscow
Sunday, December 22, 2019

Russia has produced more than 185.1 tons of gold from January to July this year, according to recent data published by the country's Finance Ministry.

This is a 17.8-percent increase compared to the same period in 2018, when bullion production stood at nearly 157.2 tons, the ministry said in a statement.

Dollar debt will bar Islamic countries from gold currency, economist says

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Experts Say the Odds Are Against Gold Dinar

By Minderjeet Kaur
Free Malaysia Today, Petaling Jaya, Malaysia
Monday, December 23, 2019

Disunity in the Islamic bloc and the preference for the status quo in world banking and trading links will probably scuttle the idea of a gold dinar as a new international currency, two experts say.

Cases of fine American wine await three GATA supporters -- maybe you?

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But you must reply by December 31.

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1:17p ET Sunday, December 22, 2019

Dear Friend of GATA and Gold:

Can the chance of winning a great prize induce you to support a great cause?

Two thoughtful friends of GATA -- one a leading bullion U.S. dealer, the other a well-regarded U.S. winery -- have joined forces to bring our supporters a juicy year-end offer:

London metals trader Maguire, in TF Metals Report interview, describes furious battle between paper and physical gold

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1:03p ET Sunday, December 22, 2019

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire, interviewed this week by Craig Hemke of the TF Metals Report, makes some pointed observations about the furious battle in the gold market between sellers of paper and buyers of physical:

A 'whale' is hiding in Comex gold futures, GoldMoney's Macleod tells KWN

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11:24a ET Sunday, December 22, 2019

Dear Friend of GATA and Gold:

Muslim nations consider gold and barter trade to beat sanctions

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By Liz Lee
Reuters
Saturday, December 21, 2019

KUALA LUMPUR, Malaysia -- Iran, Malaysia, Turkey, and Qatar are considering trading among themselves in gold and through a barter system as a hedge against any future economic sanctions on them, Malaysian Prime Minister Mahathir Mohamad said today.

JPMorgan metals traders investigated in Singapore, two depart, sources tell Reuters

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By Lawrence Delevingne, Peter Hobson, and Mai Nguyen
Reuters
Thursday, December 19, 2019

Regulatory scrutiny of precious metals trading at JPMorgan Chase & Co., one of the world's largest gold brokerages, has expanded to Singapore and ensnared two more bank employees, according to people familiar with the situation.

China launches gold options as prices near six-year highs

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By Emily Chow
Reuters
Friday, December 20, 2019

SHANGHAI -- China, the world's top bullion producer and consumer, launched its first gold options contract on the Shanghai Futures Exchange on Friday, adding to an array of investment options for the metal that saw prices hit six-year highs this year.

Islamic delegates rant haplessly again about dollar imperialism

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Wake us up, Your Eminences, when you start using gold for a trade currency. Unlike the dollar, gold doesn't care who spends it or what it's spent on.

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Iran Urges Muslim World to Fight Dollar 'Domination'

By Sam Reeves
Agence France-Presse
via Bourse & Bazaar, London
Thursday, December 19, 2019

Financial Conduct Authority chief to be next Bank of England governor

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By Russell Lynch and Lizzy Burden
The Telegraph, London
Thursday, December 19, 2019

Andrew Bailey, head of the City watchdog, is set to become the first Bank of England governor of the Brexit era, stepping into one of the most testing periods for the UK's central bank.

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