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Daily Dispatches

Central banks might put half of reserves into gold: WGC

Section: Daily Dispatches

By Jan Harvey
Reuters
via Forbes.com
Thursday, June 11, 2009

http://www.forbes.com/feeds/afx/2009/06/11/afx6534033.html

LONDON -- Central banks may be justified in increasing their gold holdings to 40 to 50 percent of their reserves, a senior executive of the industry-funded World Gold Council said on Thursday.

Russia may swap Treasuries for IMF debt

Section: Daily Dispatches

By Alex Nicholson
Bloomberg News
Wednesday, June 10, 2009

http://www.bloomberg.com/apps/news?pid=20601087&sid=aTtE7kXVBlHk

MOSCOW -- Russia's central bank said it may cut investments in U.S. Treasuries, currently valued at as much as $140 billion, a week after China said it may reduce reliance on the dollar and American bonds.

Smart Money magazine notes falsification of U.S. economic data

Section: Daily Dispatches

11:35p ET Tuesday, June 9, 2009

Dear Friend of GATA and Gold:

Wired magazine examines E-Gold founder and his trouble with U.S. government

Section: Daily Dispatches

11:26p ET Tuesday, June 9, 2009

Dear Friend of GATA and Gold:

Wired magazine has published a long and sympathetic treatment of E-Gold founder Douglas Jackson and his trouble with the U.S. government, headlined "Bullion and Bandits: The Improbable Rise and Fall of E-Gold," and you can find it here:

http://www.wired.com/threatlevel/2009/06/e-gold/

CHRIS POWELL, Secretary/Treasurer

Ted Butler: Bad news, good news

Section: Daily Dispatches

5:55p ET Tuesday, June 9, 2009

Dear Friend of GATA and Gold (and Silver):

China would diversify amid dollar doubts, congressman says

Section: Daily Dispatches

By Shaun Tandon
Agence France-Presse
via Philippine Daily Inquirer, Manila
Tuesday, June 9, 2009

http://business.inquirer.net/money/breakingnews/view/20090609-209518/Chi...

Gene Arensberg: Commercial short position in gold resembles 2005's

Section: Daily Dispatches

2:24p PT Monday, June 8, 2009

Dear Friend of GATA and Gold:

Top China banker wants U.S., World Bank to sell yuan bonds

Section: Daily Dispatches

By Martin Howell
Reuters
Sunday, June 7, 2009

http://www.reuters.com/article/newsOne/idUSTRE5561QK20090607

NEW YORK -- A top Chinese banker on Sunday called on the U.S. government and the World Bank to sell yuan-denominated bonds in Hong Kong and Shanghai to encourage the development of debt markets in those centers and to promote the yuan as a major international currency.

Gold has overcome Warren Buffett's disparagement

Section: Daily Dispatches

5:04p PT Sunday, June 7, 2009

Dear Friend of GATA and Gold:

Our friends at Gold & Silver Investments Ltd. in Dublin last week took a crack at Warren Buffett for his disparagement of gold, noting that gold lately has been doing a lot better than the share price of Buffett's company, Berkshire Hathaway:

http://blog.goldassets.co.uk/2009/06/04/buffett-gets-comeuppance/

Barter currency will have its day in court

Section: Daily Dispatches

Liberty Dollars Never Took Off as Currency

By Dale Neal
Asheville (North Carolina) Citizen-Times
Sunday, June 7, 2009

http://www.citizen-times.com/apps/pbcs.dll/article?AID=/20090607/NEWS01/...

Liberty Dollars never really worked as an alternative currency, according to Asheville-area residents who collected the coins for their silver value.

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