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Daily Dispatches
Andrew Hepburn: Charlie Munger vs. gold, history, and himself
Submitted by cpowell on Mon, 2012-05-14 15:31 Section: Daily Dispatches3:25p ET Monday, May 14, 2012
Dear Friend of GATA and Gold:
German Parliament wants accounting of gold reserves; Bundesbank resisting
Submitted by cpowell on Mon, 2012-05-14 14:34 Section: Daily DispatchesGerman Bundestag Examines Assesment of Gold Reserves
From Reuters
via Die Welt, Berlin
Monday, May 14, 2012
http://www.welt.de/finanzen/article106305876/Bundestag-prueft-Bewertung-...
Translation by Lars Schall
Pat Heller: U.S. govt. agency is specifically authorized to rig gold market
Submitted by cpowell on Mon, 2012-05-14 13:58 Section: Daily Dispatches1:50p ET Monday, May 14, 2012
Dear Friend of GATA and Gold:
The new commentary at Coin Week by Patrick A. Heller of Liberty Coin Service in Lansing, Michigan, is a reminder that the U.S. government has a secretive financial agency, the Exchange Stabilization Fund, specifically authorized by statute to manipulate the gold market in the name of regulating the value of the dollar.
JPM's derivatives blowup vindicates Sinclair, Embry tells King World News
Submitted by cpowell on Mon, 2012-05-14 13:45 Section: Daily Dispatches1:45p ET Monday, May 14, 2012
Dear Friend of GATA and Gold:
India likely intervened in forex market to support rupee
Submitted by cpowell on Mon, 2012-05-14 09:32 Section: Daily DispatchesBy Sudeep Jain and Nupur Acharya
The Wall Street Journal
Monday, May 14, 2012
http://online.wsj.com/article/SB1000142405270230419270457740368024856961...
MineWeb: Indian government aims to 'throttle' gold demand
Submitted by cpowell on Mon, 2012-05-14 09:26 Section: Daily Dispatches9:22a ET Monday, May 14, 2012
Dear Friend of GATA and Gold:
MineWeb's Shivom Seth reports that the Indian government is considering issuance of gold bonds to strengthen the rupee and "throttle" gold imports. The MineWeb story says:
After years of selling it, IMF plans to buy $2 billion in gold
Submitted by cpowell on Mon, 2012-05-14 09:13 Section: Daily DispatchesFrom Commodity Online
Ahmedabad, India
Monday, May 14, 2012
NEW YORK -- The International Monetary Fund is planning to purchase more than $2 billion worth of gold on account of rising global risks. The IMF currently holds around 2,800 tonnes of gold at various depositories
Yukon gold rush isn't slowing but watershed raises concerns
Submitted by cpowell on Sun, 2012-05-13 20:26 Section: Daily DispatchesJason Unrau
National Post, Toronto
Sunday, May 13, 2012
http://news.nationalpost.com/2012/05/13/the-yukons-gold-rush-shows-no-si...
Gold standard would discourage derivatives craziness, Pento tells King World News
Submitted by cpowell on Sun, 2012-05-13 20:11 Section: Daily Dispatches8:07p ET Sunday, May 13, 2012
Dear Friend of GATA and Gold:
Alasdair Macleod: Gold bugs will be vindicated
Submitted by cpowell on Sat, 2012-05-12 10:27 Section: Daily Dispatches10:23a ET Saturday, May 12, 2012
Dear Friend of GATA and Gold:
Writing at GoldMoney, the economist Alasdair Macleod argues that when the debt trap is sprung on profligate governments, not just their bonds but their currencies too will be wrecked, and "gold bugs will be vindicated." That's the headline on his commentary and it's posted at GoldMoney here:
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