Daily Dispatches

Hyperinflation in Venezuela, which just pawned its gold

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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.

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

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2:25p ET Friday, May 22, 2015

Dear Friend of GATA and Gold:

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

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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...

Dave Kranzler: Government fraudulently reported April inflation numbers

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11:18a ET Friday, May 22, 2015

Dear Friend of GATA and Gold:

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

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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:

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

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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.

NY State investigators think Feds missed the bulk of big banks' forex rigging

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Banks Probed Over Automated Forex Deals

Gina Chon and Ben McLannahan
Financial Times, London
Friday, May 22, 2015

Alasdair Macleod: Inaccurate statistics and the threat to bonds

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9:22p ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

Bron Suchecki: Indian gold monetization scheme a temporary solution

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9:12p ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

Reuters: CME developing European gold futures contract

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Is it to increase deliveries, as the sources tell Reuters, or just to paperize London more?

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By Clara Denina and Jan Harvey
Reuters
Thursday, May 21, 2015

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