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Daily Dispatches
Two speculations on the monetary endgame in hyperinflation
Submitted by cpowell on Sun, 2010-09-26 12:06 Section: Daily Dispatches12:04p ET Sunday, September 26, 2010
Dear Friend of GATA and Gold:
The last couple of days have brought forth two long but fascinating if pseudonymous speculations on the likely course of the collapse of the world financial system into hyperinflation with gold as the once and future king.
Rising prices only spur gold purchases in China
Submitted by cpowell on Sun, 2010-09-26 10:55 Section: Daily DispatchesChinese Consumers Rush for Gold
From Xinhua News Agency, Beijing
Saturday, September 25, 2010
http://news.xinhuanet.com/english2010/video/2010-09/25/c_13528988.htm
BEIJING -- International gold prices rallied to record highs on Friday, with spot prices nearing $1,300 an ounce. China's gold prices followed the trend and continued to climb. But consumer enthusiasm hasn't been affected.
How many other nations are misreporting gold reserves?
Submitted by cpowell on Sun, 2010-09-26 10:40 Section: Daily DispatchesGold being a strategic weapon, why should ANY official data about it be believed?
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Saudi 'Did Not Buy New Gold Reserves in 2010'
From Reuters
via Trade Arabia, Manama, Bahrain
Sunday, September 26, 2010
http://www.tradearabia.com/news/newsdetails.asp?Sn=ECO&artid=186343
Japan signals determination to rig currency market
Submitted by cpowell on Sun, 2010-09-26 10:17 Section: Daily DispatchesSomeday, maybe a century or two from now, mainstream financial journalists will ask finance and foreign ministers and central bankers whether all this currency intervention and market rigging ever encompasses gold and silver, why it is usually undertaken largely in secret and often through intermediaries, and whether those intermediaries gain the opportunity to trade for their own accounts
U.S. Gold's McEwen expects gold to reach $5,000
Submitted by cpowell on Sun, 2010-09-26 10:01 Section: Daily Dispatches9:52a ET Sunday, September 26, 2010
Dear Friend of GATA and Gold:
Rob McEwen, CEO of U.S. Gold and creator of Goldcorp, may be too soft-spoken and cautious ever to be caught wearing a tin-foil hat, but in a brief interview broadcast yesterday with TheStreet.com's Alix Steel he forecast a gold price of $5,000 per ounce. You can watch it at TheStreet.com here:
Rickards sees dollar collapse prompting new gold standard at +$5,000/oz
Submitted by cpowell on Sat, 2010-09-25 17:52 Section: Daily Dispatches5:43p ET Saturday, September 25, 2010
Dear Friend of GATA and Gold:
Weekly precious metals review at King World News sees rally continuing
Submitted by cpowell on Sat, 2010-09-25 10:28 Section: Daily Dispatches10:23a ET Saturday, September 25, 2010
Dear Friend of GATA and Gold (and Silver):
Nepal will put FX reserves into gold and rig domestic market
Submitted by cpowell on Sat, 2010-09-25 10:13 Section: Daily DispatchesNepal Government Adopts New Gold Policy
From Xinhua News Agency, Beijing
Saturday, September 25, 2010
http://news.xinhuanet.com/english2010/business/2010-09/25/c_13528683.htm
How much gold would China need in 'rebalancing' of world economy?
Submitted by cpowell on Sat, 2010-09-25 09:55 Section: Daily Dispatches9:50a ET Saturday, September 25, 2010
Dear Friend of GATA and Gold:
Pat Heller: Supply squeeze in physical gold and silver may be heating up
Submitted by cpowell on Sat, 2010-09-25 00:03 Section: Daily Dispatches12:01a ET Saturday, September 25, 2010
Dear Friend of GATA and Gold (and Silver):
Patrick A. Heller, proprietor of Liberty Coin Service in Lansing, Michigan, reports at Coin Update News that precious metals coin demand has suddenly picked up sharply. Heller's commentary is headlined "Supply Squeeze of Physical Gold and Silver May Be Heating Up" and you can find it at Coin Update News here:
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