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Daily Dispatches
Alasdair Macleod: Trade wars -- a catalyst for economic crisis
Submitted by cpowell on Thu, 2019-01-31 19:54 Section: Daily Dispatches7:50p ET Thursday, January 31, 2019
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod argues tonight that trade wars will weaken the U.S. dollar by reducing the flow abroad of dollars that have been recycled into U.S. Treasury instruments.
Venezuela to sell 15 tonnes of gold to UAE for euros, source tells Reuters
Submitted by cpowell on Thu, 2019-01-31 16:27 Section: Daily DispatchesBy Corina Pons and Mayela Armas
Reuters
Thursday, January 31, 2019
CARACAS, Venezuela -- Venezuela will sell 15 tonnes of gold from central bank vaults to the United Arab Emirates in coming days in return for euros in cash, a senior official with knowledge of the plan said, in an effort by the troubled OPEC member to stay solvent.
But Pierre Lassonde and Doug Casey say central banks don't care about gold
Submitted by cpowell on Thu, 2019-01-31 10:10 Section: Daily DispatchesCentral Banks Are on the Biggest Gold-Buying Spree in a Half Century
By Rupert Rowling and Susanne Barton
Bloomberg News
Thursday, January 31, 2019
Central banks bought more bullion last year than anytime since 1971, when the U.S. ended the gold standard.
Ronan Manly: Bank of England tears up its gold custody contract with Venezuela
Submitted by cpowell on Wed, 2019-01-30 21:17 Section: Daily Dispatches9:18p ET Wednesday, January 30, 2019
Dear Friend of GATA and Gold:
In Maduro's Venezuela, even counting gold bars is a challenge
Submitted by cpowell on Wed, 2019-01-30 20:33 Section: Daily DispatchesBy Laura Millan Lombrana
Bloomberg News
Wednesday, January 30, 2019
Venezuela is home to rich gold deposits and holds billions of dollars of foreign reserves in gold bars in the central bank's vaults. The question is: How much is there?
Don't deal in Venezuelan gold, White House says in anti-Maduro push
Submitted by cpowell on Wed, 2019-01-30 20:04 Section: Daily DispatchesBy Shaylim Castro and Jeff Mason
Reuters
Tuesday, January 29, 2019
CARACAS, Venezuela -- The White House warned traders on Wednesday not to deal in Venezuelan gold or oil following its imposition of stiff sanctions aimed at forcing socialist President Nicolas Maduro from power.
West Virginia state legislator proposes eliminating all taxes on gold and silver
Submitted by cpowell on Wed, 2019-01-30 19:53 Section: Daily DispatchesBy JP Cortez
Money Metals News Service
Wednesday, January 30, 2019
CHARLESTON, West Virginia -- West Virginia legislator Delegate Pat McGeehan, R-1st District has introduced the West Virginia Sound Money Act, House Bill 2684, to eliminate all tax liability on gold and silver in the state.
Financial letter writer Jay Taylor interviews GATA secretary on gold price rigging
Submitted by cpowell on Wed, 2019-01-30 14:51 Section: Daily Dispatches2:50p ET Wednesday, January 30, 2019
Dear Friend of GATA and Gold:
Financial letter writer Jay Taylor (https://www.miningstocks.com/), long a friend of gold and GATA, interviewed your secretary/treasurer yesterday about the mechanics and objectives of gold price suppression by central banks. The interview is 21 minutes long and can be heard at YouTube here:
Fed caves on rates and balance-sheet tightening
Submitted by cpowell on Wed, 2019-01-30 14:28 Section: Daily DispatchesChairman Powell's grandfather Dick responds on behalf of monetary metals investors:
http://www.gata.org/files/DickPowellSings.wma
And:
https://www.youtube.com/watch?v=Gt6soO6O6Jg
* * *
Fed Adopts 'Patient' Rate Stance With Balance-Sheet Flexibility
By Craig Torres
Bloomberg News
Wednesday, January 30, 2019
Russia warns world that U.S. controls Bank of England
Submitted by cpowell on Wed, 2019-01-30 11:46 Section: Daily DispatchesRefusal to Hand Over Venezuelan Gold Means End of Britain as a Financial Center, Professor Says
From Russia Today, Moscow
Wednesday, January 30, 2019
The freezing of Venezuelan gold by the Bank of England is a signal to all countries out of step with U.S. interests to withdraw their money, according to economist and co-founder of Democracy at Work, Professor Richard Wolff.
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