Daily Dispatches

Hugo Salinas Price: How unbacked fiat money corrupts society

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7:44p ET Wednesday, October 18, 2017

Dear Friend of GATA and Gold:

In commentary he laconically headlines "Anecdotes and Reminiscences," Hugo Salinas Price of the Mexican Civic Association for Silver today uses episodes from his country's history to illustrate the corrupting tendency of unbacked fiat money.

Bitcoin falls on reminder that CFTC might regulate it

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Bitcoin Just Had Its Biggest Drop in a Month

By Constantine Courcoulas
Bloomberg News
Wednesday, October 18, 2017

Traders waiting for a pullback in bitcoin’s price to rebuild positions in the world's largest cryptocurrency may have the U.S. Commodity Futures Trading Commission to thank.

Chinese buyers reported interested in Scotiabank's gold business

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Scotiabank Looks to Sell Gold Trading Unit After Money-Laundering Scandal

By Henry Sanderson, Neil Hume, James Fontanella-Khan, and Gregory Meyer
Financial Times, London
Wednesday, August 18, 2017

Charts from Incrementum's latest 'In Gold We Trust' report updated and compiled

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10:06a ET Wednesday, October 18, 2017

Dear Friend of GATA and Gold:

The charts from Incrementum AG's "In Gold We Trust" report for 2017, compiled by Ronald-Peter Stoferle and Mark Valek, have been updated and assembled and posted in PDF format at Incrementum's internet site. Stoferle and Valek consider them pretty bullish. They can be found here:

Global warming uncovers biggest Canadian gold deposit

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By Anna Golubova
Kitco News, Montreal
Tuesday, October 17, 2017

Miners could not even see Canada's biggest gold deposit until a glacier receded and uncovered what lay beneath, according to one mining executive with operations in northern British Columbia.

Silver coin proposal discussed on Mexican TV by Salinas Price

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9:58p ET Tuesday, October 17, 2017

Dear Friend of GATA and Gold:

Hugo Salinas Price, president of the Mexican Civic Association for Silver, was interviewed on television in Mexico on Saturday about his proposal for Mexico's central bank to issue an undenominated silver coin whose price in pesos would be guaranteed by the bank not to fall.

Leonid Bershidsky: Authoritarian cryptocurrencies are coming

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By Leonid Bershidsky
Bloomberg News
Tuesday, October 17, 2017

With Russia and China both embracing the idea of sovereign cryptocurrencies, it's time to ask a simple question: Why is a technology threatening to decentralize money so attractive to highly centralized, authoritarian regimes?

Gold options trading begins in India

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There's never enough gold derivatives.

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MCX Launches Commodity Options Trading with Gold on Dhanteras

From The Times of India, Mumbai
Monday, October 17, 2017

NEW DELHI -- Finance minister Arun Jaitley today launched an options contract in gold on the Multi Commodity Exchange (MCX) on the auspicious occasion of Dhanteras.

Time to sell? Goldman Sachs says gold is better than bitcoin as money

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By Ranjeetha Pakiam
Bloomberg News
Tuesday, October 17, 2017

Gold wins out over cryptocurrencies when assessed on the majority of the key characteristics of money, according to Goldman Sachs Group Inc., which adds that fear and wealth are the core drivers of bullion.

Ronan Manly: Neck and neck -- Russian and Chinese official gold reserves

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1:03p ET Monday, October 16, 2017

Dear Friend of GATA and Gold:

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