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Daily Dispatches
Dollar stops being Russia's leading reserve currency
Submitted by cpowell on Fri, 2009-05-22 15:33 Section: Daily DispatchesFrom Pravda, Moscow
Tuesday, May 19, 2009
http://english.pravda.ru/business/finance/19-05-2009/107581-dollar_russia-0
The U.S. dollar is not Russia's basic reserve currency anymore.
MineWeb cites GATA and raises confiscation question
Submitted by cpowell on Wed, 2009-05-20 10:50 Section: Daily Dispatches10:50a ET Wednesday, May 20, 2009
Dear Friend of GATA and Gold:
Swiss gold ETF: Paranoia premium or plain expensive?
Submitted by cpowell on Tue, 2009-05-19 17:37 Section: Daily Dispatches5:38p ET Tuesday, May 19, 2009
Dear Friend of GATA and Gold:
Rob Mackinlay of Financial Express in London reports that European gold ETFs are disputing each other's costs and claims of safety. His story is headlined "$4 Billion Swiss Gold ETF: Paranoia Premium or Plain Expensive?" and you can find it at the Trustnet site here:
Thom Calandra: No Wits end in sight
Submitted by cpowell on Tue, 2009-05-19 17:08 Section: Daily Dispatches5:08p ET Tuesday, May 19, 2009
Dear Friend of GATA and Gold:
GATA board member Douglas interviewed on gold, silver
Submitted by cpowell on Mon, 2009-05-18 22:37 Section: Daily Dispatches10:34p ET Monday, May 18, 2009
Dear Friend of GATA and Gold (and Silver):
GATA board member Adrian Douglas, publisher of the Market Force Analysis financial letter (http://www.MarketForceAnalysis.com), was interviewed for a half hour yesterday by TheFinancialTube.com about the gold and silver markets, and you can listen to it here:
U.S. Rep. Ron Paul: Audit the Fed and then end it
Submitted by cpowell on Mon, 2009-05-18 22:32 Section: Daily DispatchesBy U.S. Rep. Ron Paul
Monday, May 18, 2009
http://www.house.gov/htbin/blog_inc?BLOG,tx14_paul,blog,999,All,Item%20n...
Brazil and China work together to replace dollar
Submitted by cpowell on Mon, 2009-05-18 22:03 Section: Daily DispatchesBy Jonathan Wheatley
Financial Times, London
Monday, May 18, 2009
http://www.ft.com/cms/s/0/996b1af8-43ce-11de-a9be-00144feabdc0.html?ncli...
SAO PAULO, Brazil -- Brazil and China will work toward using their own currencies in trade transactions rather than the US dollar, according to Brazil's central bank and aides to Luiz Inácio Lula da Silva, Brazil's president.
Ted Butler: Silver surplus?
Submitted by cpowell on Mon, 2009-05-18 15:50 Section: Daily Dispatches3:51p ET Monday, May 18, 2009
Dear Friend of GATA and Gold (and Silver):
Silver market analyst Ted Butler's new commentary disputes recent surveys concluding that there is a surplus of silver. Butler's commentary is headlined "Silver Surplus?" and you can find it at GoldSeek's companion site, SilverSeek, here:
Gold seen backing yuan's internationalization
Submitted by cpowell on Mon, 2009-05-18 12:32 Section: Daily DispatchesBy Dow Jones Newswires
The Wall Street Journal
Monday, May 18, 2009
http://online.wsj.com/article/BT-CO-20090517-704461.html
SHANGHAI -- China's gold reserves may serve as backing for the yuan as Beijing promotes its use overseas, said Zheng Lianghao, managing director of the World Gold Council's Far East division, the Shanghai Securities News reported Monday.
China's stockpiles seen as new sovereign wealth strategy
Submitted by cpowell on Mon, 2009-05-18 12:17 Section: Daily DispatchesBy Kevin Hamlin
Bloomberg News
Monday, May 18, 2009
http://www.bloomberg.com/apps/news?pid=20601009&sid=a5yhtDZx75kw
BEIJING -- China is stockpiling commodities such as copper and iron ore as part of a reallocation of its sovereign wealth amid concern that the value of its dollar assets may decline, according to the Royal Bank of Canada.
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