Daily Dispatches

Energy cost of 'mining' bitcoin is more than twice that of gold

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By Alex Hern
The Guardian, London
Monday, November, 5, 2018

The amount of energy required to "mine" one dollar's worth of bitcoin is more than twice that required to mine the same value of copper, gold, or platinum, according to a new paper, suggesting that the virtual work that underpins bitcoin, ethereum, and similar projects is more similar to real mining than anyone intended.

Bill Murphy: GATA's past and the future of gold and silver

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Remarks by Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Friday, November 2, 2018

Thanks for taking the time to come by on a bustling Friday night in New Orleans.

Barrick in talks with Newmont to combine Nevada gold operations, sources tell Reuters

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By Zandi Shabalalaand Clara Denina
Reuters
Monday, November 5, 2018

LONDON -- Barrick Gold Corp, which is being reorganized by Barrick’s $6.1 billion takeover of Randgold Resources, is in talks with Newmont Mining to combine their Nevada gold mining operations, sources told Reuters.

Ronan Manly: Recent central bank gold purchases probably have little effect on price

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9:21a CT Monday, November 5, 2018

Dear Friend of GATA and Gold:

Venezuela seeks to repatriate $550 million of gold from Britain, sources tell Reuters

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By Mayela Armas
Reuters
Monday, November 5, 2018

CARACAS -- Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.

Touting transparency in gold, ex-central banker is contradicted by IMF, BIS, and her own successor

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1:27p CT Saturday, November 3, 2018

Dear Friend of GATA and Gold:

Futures markets spoofers getting caught in record numbers

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By Gabriel T. Rubin
The Wall Street Journal
Wednesday, October 31, 2018

Federal regulators have ramped up their pursuit of traders who use a bluffing tactic known as spoofing to manipulate market prices, enforcement officials said, leading to a record number of manipulation cases.

Wary of crypto, UK government blocks Royal Mint's digital gold

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By Peter Hobson
Reuters
Friday, October 25, 2018

LONDON -- Britain's Royal Mint has frozen plans to launch a digital gold token after a partnership with U.S. exchange group CME failed and the government vetoed a plan to have the tokens trade on a cryptocurrency exchange, three sources told Reuters.

Euro's bid to challenge King Dollar collides with political risk

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By Anooja Debnath, Charlotte Ryan, and Katherine Greifeld
Bloomberg News
Thursday, November 1, 2018

Europe's dream of turning the euro into a global reserve currency that can rival the dollar is proving more elusive than ever.

Alasdair Macleod: China can't avoid 'harvesting' by U.S. unless it bakcs yuan with gold

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By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, November 1, 2018

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