Daily Dispatches

Bullion Star's Ronan Manly interviewed by Real Vision about fractional-reserve gold

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9:08a ET Friday, August 11, 2017

Dear Friend of GATA and Gold:

Bullion Star's Ronan Manly has been interviewed by Real Vision about the fractional-reserve nature of the gold market and risks to exchange-traded funds in gold. The interview is 20 minutes long and can be viewed at Bullion Star here:

Cryptos succeed in revealing inflation because governments can't short them, Embry says

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10:27p ET Thursday, August 10, 2015

Dear Friend of GATA and Gold:

FLASH: Wall Street Journal acknowledges gold leasing and swaps question ...

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... but never actually puts it comprehensively to any Federal Reserve or Treasury Department official.

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In the report appended here the newspaper gets a Fed official to say that the Fed does not lease the gold of other nations. Well, of course not. But do those other nations lease or swap gold, or did they? And does the U.S. government lease or swap gold, or did it? If so, why?

Ben Davies helps bring out GlintPay, gold monetization for everyday commerce

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10:26a ET Thursday, August 10, 2017

Dear Friend of GATA and Gold:

Gold advocate and fund manager Ben Davies, founder of Hinde Capital in London, hasn't been in the news for a while but turned up today in a report in technology newsletter Tech Crunch, which describes a new venture called GlintPay that aims to facilitate monetization of gold in everyday commerce.

TF Metals Report: Bullion banks still sell as much paper as needed to cap prices

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8:55a ET Thursday, August 10, 2017

Dear Friend of GATA and Gold:

U.S. Exchange Stabilization Fund rigs gold price, ex-U.S. Rep. Ron Paul says

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1:10p ET Wednesday, August 9, 2017

Dear Friend of GATA and Gold:

Mike Norman: Sanctions will destroy the dollar

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By Mike Norman
TheStreet.com, New York
Tuesday, August 8, 2017

The United States has been on a sanctions spree.

Sanctions on Russia. Sanctions on North Korea. Sanctions on Iran. Sanctions on Syria. Sanctions on Venezuela. Sanctions proposed against China. Sanctions even obliquely placed on our allies in Europe as a result of sanctions on Russia.

Sanctions, sanctions, sanctions.

Top gold producer says mining needs more activist investors

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But there's no mention here of the suppression of the price of gold mining's product.

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By David Stringer
Bloomberg News
Tuesday, August 8, 2017

Mining companies could benefit from more investor activism in the wake of Elliott Management Corp.'s campaign for improved performance at BHP Billiton Ltd., according to Australia’s second-largest gold producer.

For Russia, reducing dependence on U.S. dollar is a matter of security

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From RIA / Novosti, Moscow
Monday, August 7, 2017

https://ria.ru/radio_brief/20170807/1499912983.html

The Russian Foreign Ministry said Russia can reduce the economy's dependence on the U.S. dollar and the U.S. monetary and financial system in response to U.S. sanctions. Work in this direction is already underway, monetary affairs expert Alexei Zubets said on Sputnik radio.

Payment in gold bullion banned in UK under new policy against tax evasion

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Such a policy might be more problematic if applied in the United States and Canada, where, for reasons not entirely clear, government-issued gold and silver coins are imprinted with face values far below their metal values.

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Payment in Gold Bullion Banned Under New Law to Combat Tax Evasion

By Rupert Neate
The Guardian, London
Monday, August 7, 2017

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