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Daily Dispatches
Bank of China to enable payment in yuan on U.S. e-commerce platforms
Submitted by cpowell on Sun, 2019-01-13 11:14 Section: Daily DispatchesBy Tom Daly
Reuters
Sunday, January 13, 2019
BEIJING -- Bank of China's New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported today.
Sea shells? Oxen? Zimbabwe plans a new currency as dollar shortage bites
Submitted by cpowell on Sat, 2019-01-12 19:28 Section: Daily DispatchesAnother resource- and gold-rich country insisting on being poor.
* * *
By MacDonald Dzirutwe
Bloomberg News
Saturday, January 12, 2019
HARARE, Zimbabwe -- Zimbabwe will introduce a new currency in the next 12 months, the country's finance minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest.
Ronan Manly: Separating truth from fiction in China's golden game of poker
Submitted by cpowell on Sat, 2019-01-12 13:47 Section: Daily Dispatches1:48p ET Saturday, January 12, 2019
Dear Friend of GATA and Gold:
Tocqueville gold letter: Explosion in U.S. debt foretells dollar's devaluation against gold
Submitted by cpowell on Sat, 2019-01-12 10:49 Section: Daily Dispatches10:48a ET Saturday, January 12, 2019
Dear Friend of GATA and Gold:
In the Tocqueville gold letter for January, fund manager John Hathaway argues that the explosion of U.S. government debt to banana republic levels foretells a big devaluation of the dollar against gold. (Just don't ask him why it hasn't happened already.)
Matthew Lynn: Next eurozone crisis has begun and will lead to more money creation
Submitted by cpowell on Fri, 2019-01-11 11:18 Section: Daily DispatchesThe Next Eurozone Crisis Has Already Started
By Matthew Lynn
The Telegraph, London
Friday, January 11, 2019
https://www.telegraph.co.uk/business/2019/01/11/next-eurozone-crisis-has...
Ted Butler: Questions only the Justice Department can get answered about silver manipulation
Submitted by cpowell on Thu, 2019-01-10 20:50 Section: Daily Dispatches8:50p ET Thursday, January 10, 2019
Dear Friend of GATA and Gold:
Yellow vest protesters aim to crash French banking system
Submitted by cpowell on Thu, 2019-01-10 19:56 Section: Daily DispatchesYellow Vest Protesters to Withdraw All Their Euros in Massive Run on French Banks
From News Corp., Associated Press, and Agence France-Presse
via News Corp. Australia, Sydney
Thursday, January 10, 2019
Barrick Gold's new CEO dismisses Canada HQ debate as 'hysteria'
Submitted by cpowell on Thu, 2019-01-10 13:49 Section: Daily DispatchesBy Dnaielle Bochove
Bloomberg News
Thursday, January 10, 2019
Barrick Gold Corp.'s new chief executive is surprised by the "hysteria" over whether the world's largest gold miner will remain a Canadian company.
4 on trial in theft of huge gold coin from Berlin museum
Submitted by cpowell on Thu, 2019-01-10 10:11 Section: Daily DispatchesFrom the Associated Press, New York
Thursday, January 10, 2019
https://www.apnews.com/783eafeee37b4eeeaf178534c465ae43
BERLIN -- Four young men have gone on trial over the brazen theft of a 100-kilogram (221-pound) Canadian gold coin from a Berlin museum.
The "Big Maple Leaf" coin, worth several million dollars, was stolen from the Bode Museum in March 2017.
Tanzania's president wants central bank to buy country's gold production
Submitted by cpowell on Thu, 2019-01-10 10:06 Section: Daily DispatchesBy Nuzulack Dausen
Business Day, Johannesburg, South Africa
Wednesday, January 9, 2019
DAR ES SALAAM, Tanzania -- Tanzanian President John Magufuli said today the central bank should start buying the country's gold to curb smuggling and build reserves to stabilise the currency.
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