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Daily Dispatches
Hong Kong turmoil sends gold investors to seek haven in Singapore
Submitted by cpowell on Mon, 2019-08-19 10:29 Section: Daily DispatchesBy Ranjeetha Pakiam
Bloomberg News
Monday, August 19, 2019
Escalating political turmoil in Hong Kong is spooking some gold investors.
India's central bank demands more enthusiasm for gold paperizing campaign
Submitted by cpowell on Mon, 2019-08-19 00:26 Section: Daily DispatchesScheme on Gold Monetisation to Get More Teeth
By Ram Sahgal
The Times of India, Mumbai
Monday, August 19, 2019
The Reserve Bank of India's direction to all lenders to promote and publicise the Gold Monetisation Scheme from their branches underscores the intent of the banking regulator to make the scheme a success, said officials from two private banks.
Papua New Guinea would keep some of its gold production and peg its currency to the metal
Submitted by cpowell on Mon, 2019-08-19 00:17 Section: Daily DispatchesWait until the IMF tells them it's against the rules to link your currency to gold, and unfortunately PNG is a member. But then why not resign?
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Papua New Guinea Aims to Retain 30% of Exported Gold, May Change Currency Pegs
By Jonathan Barrett
Reuters
Monday, August 19, 2019
https://af.reuters.com/article/commoditiesNews/idAFL4N25F074
How modern monetary theory could spike a new bull cycle in gold
Submitted by cpowell on Sun, 2019-08-18 19:28 Section: Daily DispatchesBy Chad Slater
Australian Financial Review, Melbourne
Monday, August 19, 2019
The year is 2003 and a long argument has ensued over gold and inflation. Gold is trading at $US370 an ounce, having recently traded at lows of $US250. I am locked in a debate with an analyst colleague who is adamant that gold is going to soar on the back of the coming inflation from interest rates near zero.
This year more than ever, gold and silver investors should join GATA in New Orleans
Submitted by cpowell on Sun, 2019-08-18 11:53 Section: Daily Dispatches11:54a ET Sunday, August 18, 2019
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and your secretary/treasurer again will be speaking at the New Orleans Investment Conference this year, and in the letter below the conference's organizer, Gold Newsletter Editor Brien Lundin, explains why you should join us there.
Thom Calandra boosts his subscription offer to GATA supporters
Submitted by cpowell on Sun, 2019-08-18 11:46 Section: Daily Dispatches11:47a ET Sunday, August 18, 2019
Dear Friend of GATA and Gold:
Pakistan government likely to introduce dollar-based saving scheme
Submitted by cpowell on Sun, 2019-08-18 11:23 Section: Daily DispatchesBy Shahbaz Rana
The Express Tribune, Karachi, Pakistan
Sunday, August 18, 2019
ISLAMABAD, Pakistan -- In a move that could further weaken people's trust in local currency, the federal government may launch a new U.S. dollar-based saving scheme, which will entitle people to claim profits and encash saving instruments at future currency exchange rates.
A $1.6 billion horror as people in Ghana can't get their savings
Submitted by cpowell on Sun, 2019-08-18 11:08 Section: Daily DispatchesBy Moses Mozart Dzawu
Bloomberg News
Sunday, August 18, 2019
Isaac and Bless Boahen saved for months to fund her economics doctorate, but when the time came to cash in the investment, they were left empty-handed.
Worried Hong Kong residents are moving money out as protests escalate
Submitted by cpowell on Sun, 2019-08-18 10:45 Section: Daily DispatchesBy Steven Russolillo, Joanne Chiu, and Eli Binder
The Wall Street Journal
Sunday, August 18, 2019
Money is leaking out of Hong Kong as months of protests raise concerns about the city's future.
India's central bank suckers 15 tonnes of gold, 19,985 to go
Submitted by cpowell on Sat, 2019-08-17 13:47 Section: Daily DispatchesReserve Bank of India Makes It Easier to Deposit Gold Under Monetization Scheme
From The Times of India, Mumbai
Saturday, August 17, 2019
MUMBAI, India -- In a move to revive the flagging Gold Monetisation Scheme 2015, the Reserve Bank of India has made it easier for depositors to hand over their holdings of the precious metal.
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