Daily Dispatches

Currency reset is more likely than China to goose the gold price

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12:21p ET Sunday, January 24, 2016

Dear Friend of GATA and Gold:

GATA's friend R.B. sends a note that may be paraphrased this way:

Having helped cripple Suriname, IMF swoops down to mortgage the country

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4:51p ET Saturday, January 23, 2016

Dear Friend of GATA and Gold:

Having helped to cripple the economy of the gold- and commodity-producing South American country of Suriname, the International Monetary Fund is on the way there to put a mortgage on the little multi-racial democracy's vastly undervalued natural resources.

Ambrose Evans-Pritchard: China's banking stress looms like Banquo's Ghost in Davos

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By Ambrose Evans-Pritchard
The Telegraph, London
Saturday, January 23, 2016

Bad debts in the Chinese banking system are four or five times higher than officially admitted and pose a mounting risk to the country's financial stability, the world's leading expert on debt has warned.

Indian government's gold scheme paperizes 9/10ths of a tonne of gold

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Just 22,999 more to go.

* * *

By the Indo-Asian News Service
via The Times of India, Mumbai
Saturday, January 23, 2016

http://timesofindia.indiatimes.com/business/india-business/More-than-900...

LME said to be in talks with banks to list London gold contracts

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By Eddie van der Walt and Agnieszka De Sousa
Bloomberg News
Friday, January 22, 2016

The London Metal Exchange is in talks with the World Gold Council and five banks about the possibility of introducing futures contracts on gold and standardized central clearing, according to two people familiar with the matter.

Saudi Arabia's secret holdings of U.S. debt are suddenly a big deal

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By Andrea Wong and Liz McCormick
Bloomberg News
Friday, January 22, 2016

It's a secret of the vast U.S. Treasury market, a holdover from an age of oil shortages and mighty petrodollars: Just how much of America's debt does Saudi Arabia own?

Indian gold paperization scheme is failing so govt. boosts subsidy to banks

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Banks to Get Commission for Unlocking Household Gold, RBI Says

By Rajendra Jadhav
Reuters
Friday, January 22, 2016

MUMBAI -- The government will pay banks a 2.5 percent commission to unlock the country's massive stash of gold under a new monetization scheme, the Reserve Bank of India said, as the ambitious plan received a poor response from banks and customers.

Alasdair Macleod: Out of the mouths of babes. ...

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By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, January 21, 2016

Parents will tell you the most difficult questions to answer sometimes come from their children.

China vice president vows to 'look after' stock market investors

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By John Micklethwait and John Fraher
Bloomberg News
Thursday, January 21, 2016

China is willing to keep intervening in the stock market to make sure that a few speculators don't benefit at the expense of regular investors, China's vice president said in an interview.

Koos Jansen: In China everyone can buy gold at the Shanghai exchange

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2:34p ET Thursday, January 21, 2016

Dear Friend of GATA and Gold:

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