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Daily Dispatches
Netherlands central bank: Gold is 'the perfect piggy bank' and can rebuild a financial system
Submitted by cpowell on Sun, 2019-10-13 11:51 Section: Daily DispatchesBitcoin.com's Graham Smith today calls attention to the article below he discovered at the internet site of the central bank of the Netherlands. It's unusual for a central bank to be so candid about gold's essential monetary properties and potential for repairing the financial system.
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De Nederlandsche Bank's Gold Stock
From De Nederlandsche Bank, Amsterdam
Russia looks at alternatives to dollar for energy transactions
Submitted by cpowell on Sun, 2019-10-13 11:35 Section: Daily DispatchesBy Max Seddon and Henry Foy
Financial Times, London
Sunday, October 13, 2019
MOSCOW -- Russia is exploring currency settlements in euros and roubles for its vast energy exports in an attempt to avoid the dollar and insulate Moscow from the U.S.-led global financial system.
U.K. regulators review JPMorgan metals trading amid U.S. probe, sources tell Reuters
Submitted by cpowell on Sat, 2019-10-12 17:48 Section: Daily DispatchesBy Lawrence Delevingne and Peter Hobson
Reuters
Friday, October 11, 2019
Britain's financial services regulator is examining allegations of precious metals market manipulation by JPMorgan Chase & Co. traders following criminal charges by U.S. authorities, according to two people familiar with the matter.
Perth Mint to tokenize gold with InfiniGold on public Ethereum blockchain
Submitted by cpowell on Sat, 2019-10-12 15:37 Section: Daily DispatchesThe tokens are to be fully backed by and convertible to metal for delivery.
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From Ledger Insights
Limassol, Cyprus
Friday, October 11, 2019
https://www.ledgerinsights.com/perth-mint-tokenize-gold-infinigold-publi...
ETF gold growth is just double-counted paper, von Greyerz tells KWN
Submitted by cpowell on Sat, 2019-10-12 11:09 Section: Daily Dispatches11:09a ET Saturday, October 12, 2019
Dear Friend of GATA and Gold:
Fed launches Treasury bill buys in bid for 'ample' reserves
Submitted by cpowell on Fri, 2019-10-11 23:22 Section: Daily DispatchesBy Jonnelle Marte
Reuters
Friday, October 11, 2019
The Federal Reserve said today that it will start buying about $60 billion per month in Treasury bills to ensure "ample reserves" in the banking system, but emphasized the new program does not mark a change in monetary policy.
Alasdair Macleod: Monetary failure is becoming inevitable
Submitted by cpowell on Fri, 2019-10-11 12:03 Section: Daily Dispatches12:02p ET Friday, October 11, 2019
Dear Friend of GATA and Gold:
ETF investors are going for gold, despite many drawbacks
Submitted by cpowell on Fri, 2019-10-11 11:45 Section: Daily DispatchesBy Brian J. O'Connor
The New York Times
Friday, October 11, 2019
Like eager prospectors in a B western, many investors believe there's gold in them hills -- and that's where they’re heading.
Silver glitters in India as record prices dull gold's luster
Submitted by cpowell on Fri, 2019-10-11 11:39 Section: Daily DispatchesBy Swansy Afonso
Bloomberg News
Friday, October 11, 2019
Silver is outshining gold in India.
Another Deutsche Bank bailout clue
Submitted by cpowell on Fri, 2019-10-11 11:12 Section: Daily DispatchesFederal Reserve Drops Toughening Liquidity Rules on Foreign Banks
By Kiran Stacey and Laura Noonan
Financial Times, London
Friday, October 11, 2019
U.S. banking regulators have dropped an idea to subject local branches of foreign banks to tough new liquidity rules, in a move that could benefit the troubled Deutsche Bank more than any other.
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