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Daily Dispatches
Zimbabwe declares interim RTGS dollar its sole legal currency
Submitted by cpowell on Mon, 2019-06-24 10:08 Section: Daily DispatchesBy Nelson Banya
Reuters
Monday, June 24, 2019
HARARE, Zimbabwe -- Zimbabwe today declared its interim currency to be the country's sole legal tender in a bid to stem black-market demand for foreign currencies.
From Nazis to refineries: How Switzerland has handled the world's gold
Submitted by cpowell on Sun, 2019-06-23 22:56 Section: Daily DispatchesBy Dominique Soguel-dit-Picard
Swiss Info, Bern, Switzerland
Sunday, June 23, 2019
A new book exposes the dark history of gold laundering in Switzerland and the modern challenge of cleaning up a lucrative industry. This is the story of the Alpine nation's dominance over global gold trade.
Peak Prosperity acknowledges likelihood of gold price suppression
Submitted by cpowell on Sat, 2019-06-22 16:22 Section: Daily Dispatches4:25p ET Saturday, June 22, 2019
Dear Friend of GATA and Gold:
With Adam Taggart's essay about gold today, Peak Prosperity finally acknowledges "it's highly likely that the price has been suppressed." Who's next -- Pierre Lassonde? Mark Carney? The Financial Times? The Economist? Even the World Gold Council?
Mike Kosares: This has been and is likely to remain gold's century
Submitted by cpowell on Sat, 2019-06-22 12:55 Section: Daily Dispatches12:55p ET Saturday, June 22, 2019
Dear Friend of GATA and Gold:
Investment-wise the 21st century so far has belonged to gold, USAGold's Mike Kosares writes today, as the monetary metal has quietly outperformed equities, though equities have gotten most of the attention.
Gold was rising even before dollar started falling, Michael Oliver tells KWN
Submitted by cpowell on Sat, 2019-06-22 11:27 Section: Daily Dispatches11:25a ET Saturday, June 22, 2019
Dear Friend of GATA and Gold:
Interviewed at King World News, Michael Oliver of MSA Research says that gold has been rising in recent months without any weakness in the U.S. dollar, and now the dollar index is breaking down, which, he expects, will elevate gold and gold mining stocks even more. The interview is 14 minutes long and can be heard at KWN here:
And they scoff that gold doesn't pay interest, though leasing it does
Submitted by cpowell on Sat, 2019-06-22 10:47 Section: Daily DispatchesThe World Now Has $13 Trillion of Debt With Below-Zero Yields
By Adam Haigh
Bloomberg News
Thursday, June 20, 2019
The universe of negative-yielding bonds grew about $1.2 trillion this week after dovish messages from central banks in Europe and the U.S., pushing the total past $13 trillion for the first time.
European central bankers claim oversight over Facebook's cryptocurrency
Submitted by cpowell on Fri, 2019-06-21 10:25 Section: Daily DispatchesBy Francesco Canepa
Reuters
Friday, June 21, 2019
FRANKFURT, Germany -- Three European central bankers are claiming oversight over Facebook’s planned virtual currency to ensure it will not jeopardize the financial system or be used to launder money.
King Report: Despite central banking's price-suppression schemes, gold revolts
Submitted by cpowell on Fri, 2019-06-21 01:14 Section: Daily DispatchesFrom The King Report
Burr Ridge, Illinois
Friday, June 21, 2019
https://mramseyking.com/king-report
Central banks can get away with promiscuous monetary schemes until gold and then bonds revolt.
At KWN, this is what a short squeeze in gold looks like
Submitted by cpowell on Fri, 2019-06-21 00:18 Section: Daily Dispatches12:15a ET Friday, June 21, 2019
Dear Friend of GATA and Gold:
At King World News tonight, Citibank analyst Tom Fitzpatrick and GoldMoney founder James Turk comment on gold's breakout. Turk says the markets see money printing following this week's statements by the European Central Bank and the Federal Reserve.
GATA's Harvey Organ describes metals trickery at the Comex
Submitted by cpowell on Thu, 2019-06-20 15:17 Section: Daily Dispatches3:20p ET Thursday, June 20, 2019
Dear Friend of GATA and Gold:
GATA consultant Harvey Organ, interviewed this week by Chris Marcus of Arcadia Economics, describes the sleight of hand being used at the New York Commodities Exchange to mask the shortage of physical gold and silver. The interview is 35 minutes long and can be heard at YouTube here:
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