Daily Dispatches

Turkey set to refine more Venezuelan gold as Maduro sends committee

Submitted by cpowell on Mon, 2019-01-14 21:14 Section: Daily Dispatches

From Ahval, Berlin, Germany
Monday, January 14, 2019

A committee from Venezuela is set to arrive in Turkey to discuss a gold-refining deal between Ankara and Caracas, pro-government Yeni Safak daily reported.

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Russia plans to tackle U.S. sanctions with bitcoin, Kremlin economist says

Submitted by cpowell on Mon, 2019-01-14 19:47 Section: Daily Dispatches

By Hasan Chowdhury
The Telegraph, London
Monday, January 14, 2019

Russia is preparing an investment in bitcoin to replace the US dollar as a reserve currency in a bid to tackle US sanctions, according to a Russian economist with close ties to the Kremlin.

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Newmont to become largest gold producer with $10 billion purchase of Goldcorp

Submitted by cpowell on Mon, 2019-01-14 10:33 Section: Daily Dispatches

By John Benny
Reuters
Monday, January 14, 2019

Newmont Mining Corp said today it would buy smaller rival Goldcorp Inc. in a deal worth $10 billion, creating the world's biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal.

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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 Dispatches

By 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.

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Sea shells? Oxen? Zimbabwe plans a new currency as dollar shortage bites

Submitted by cpowell on Sat, 2019-01-12 19:28 Section: Daily Dispatches

Another 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.

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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 Dispatches

1:48p ET Saturday, January 12, 2019

Dear Friend of GATA and Gold:

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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 Dispatches

10:48a 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.)