You are here
Daily Dispatches
Wall Street's diversionary propaganda; and gold mine production's irrelevance
Submitted by cpowell on Tue, 2013-01-22 12:04 Section: Daily Dispatches8:55a PT Tuesday, January 22, 2013
Dear Friend of GATA and Gold:
Writing at the Underground Investor, J.S. Kim details and denounces the propagranda from Wall Street that diverts investors from the one asset that protects them, the monetary metals:
http://www.theundergroundinvestor.com/2013/01/the-one-chart-that-explain...
Sweden's central bank keeps most of its gold abroad without audit
Submitted by cpowell on Mon, 2013-01-21 17:32 Section: Daily Dispatches2:24p Monday, January 21, 2013
Dear Friend of GATA and Gold:
GoldCore's Mark O'Byrne reports today that Sweden's central bank, the Riksbank, has acknowledged that most of its gold reserves are vaulted at central banks abroad and that the bank undertakes no physical audit of them, instead relying on those other central banks to assure proper custody.
Pacific Group to convert a third of hedge-fund assets to gold
Submitted by cpowell on Mon, 2013-01-21 17:18 Section: Daily DispatchesBy Bei Hu
From Bloomberg News
Monday, January 20, 2013
http://www.bloomberg.com/news/2013-01-21/pacific-group-to-convert-one-th...
The Pacific Group Ltd., founded by a former PaineWebber Inc. trader, is converting one-third of its hedge-fund assets into physical gold, betting that prices will go up as governments print more money to pay off debt.
India raises gold import tax but it's unlikely to deter buyers
Submitted by cpowell on Mon, 2013-01-21 17:07 Section: Daily DispatchesBy Arup Roychoudhury and Siddesh Mayenkar
Reuters
Tuesday, January 22, 2013
http://in.reuters.com/article/2013/01/21/gold-india-import-duty-idINDEE9...
NEW DELHI -- The government has raised the import tax on gold by 2 percentage points to 6 percent to curb purchases and rein in a ballooning fiscal deficit but industry officials expect only a moderate drop in demand.
Turk at Future Money Trends, Norcini at King World News
Submitted by cpowell on Sun, 2013-01-20 17:16 Section: Daily Dispatches2:15p PT Sunday, January 20, 2013
Dear Friend of GATA and Gold:
GoldMoney founder James Turk is interviewed for 20 minutes today by Dan Ameduri of Future Money Trends about the outlook for 2013 in the monetary metals. Audio is posted at Future Money Trends here:
http://www.futuremoneytrends.com/index.php/interviews/389-james-turk-gol...
Jeff Nielson: Western banking is money for nothing
Submitted by cpowell on Sun, 2013-01-20 16:54 Section: Daily Dispatches1:40p PT Sunday, January 20, 2013
Dear Friend of GATA and Gold:
Jeff Nielson of Bullion Bulls Canada today argues in a brief but incisive essay that the great bulk of the Western investment banking system is little more than parasitism dressed up as expertise. Nielson's commentary is headlined "Western Banking: Money for Nothing -- Literally" and it's posted at Bullion Bulls Canada here:
Alasdair Macleod: Gold reserve mysteries
Submitted by cpowell on Sun, 2013-01-20 16:35 Section: Daily Dispatches1:30p PT Sunday, January 20, 2013
Dear Friend of GATA and Gold:
Signs of shortage of investment silver, CMI's Haynes tells King World News
Submitted by cpowell on Sun, 2013-01-20 13:02 Section: Daily Dispatches10a PT Sunday, January 20, 2013
Dear Friend of GATA and Gold:
Bill Haynes of CMI Gold & Silver today tells King World News about signs that a shortage of investment silver is developing. An excerpt from the interview is posted at the King World News blog here:
Jan Skoyles: Why is Germany repatriating their gold?
Submitted by cpowell on Sun, 2013-01-20 12:55 Section: Daily Dispatches9:51a PT Sunday, January 20, 2013
Dear Friend of GATA and Gold:
Without asking a single question, The Economist is sure that gold does nothing
Submitted by cpowell on Sat, 2013-01-19 15:50 Section: Daily Dispatches12:56p PT Saturday, January 19, 2013
Dear Friend of GATA and Gold:
For journalistic arrogance and disinformation it is always hard to top The Economist, which never asks questions but rather simply presumes that, by definition, it knows.
Pages
