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Daily Dispatches
Free banking could disappear if global interest rates stay low, IMF warns
Submitted by cpowell on Thu, 2017-04-06 20:07 Section: Daily DispatchesBy Szu Ping Chan
The Telegraph, London
Thursday, April 6, 2017
Households face the end of free banking if the low-growth, low-interest rate environment persists, according to the International Monetary Fund.
The IMF said weak growth combined with ageing populations meant financial institutions around the world would be forced to overhaul their business models to adapt to a new normal.
China's Shandong Gold in $960 million deal for half of Barrick's Veladero mine
Submitted by cpowell on Thu, 2017-04-06 12:50 Section: Daily DispatchesBy Adam Jourdan
Reuters
Thursday, April 6, 2017
China's Shandong Gold Mining Co. Ltd. will pay $960 million for a 50 percent stake in Barrick Gold Corp.'s Veladero gold mine in Argentina, the Canadian miner said in a press release today.
11 gold-related items in USA Gold's 'News & Views' letter for April
Submitted by cpowell on Wed, 2017-04-05 22:26 Section: Daily Dispatches10:25a HKT Thursday, April 6, 2017
Dear Friend of GATA and Gold:
USA Gold's "News & Views" letter for April, compiled by Mike Kosares, reports in the clear 11 gold-related items, some of which got past your secretary/treasurer. The letter is posted here:
http://www.usagold.com/publications/NewsViewsApril2017.html
CHRIS POWELL, Secretary/Treasurer
Turkey to introduce sovereign gold bonds, gold lease certificates
Submitted by cpowell on Wed, 2017-04-05 00:48 Section: Daily DispatchesFrom the Daily Sabah, Istanbul
with Anadolu Agency reporting
Sunday, April 2, 2017
Turkey's deputy prime minister, Mehmet Şimşek, announced that the government will add two new secure investment tools to the financial system -- gold-denominated bonds (sovereign gold bonds) and lease certificates (sukuk) denominated in gold in order to bring under-the-mattress gold into the economy.
Gold imports surge as Turks heed Erdogan's call and vote looms
Submitted by cpowell on Wed, 2017-04-05 00:42 Section: Daily DispatchesBy Behiye Selin Taner and Tuvan Gumrukcu
Reuters
Tuesday, April 4, 2017
Turkish gold imports rose 17-fold to 28.2 tonnes in March, as Turks looking to hedge currency risk ahead of a referendum in two weeks time followed President Tayyip Erdogan's calls to buy gold instead of dollars.
Turkey to give central bank first option on buying domestic gold, sources tell Reuters
Submitted by cpowell on Tue, 2017-04-04 21:28 Section: Daily DispatchesBy Nevzat Devranoglu
Reuters
Tuesday, April 4, 2017
ANKARA, Turkey -- Turkey is taking steps to give its central bank the right of first refusal on domestically produced gold, two sources said, allowing it to boost reserves of the precious metal without depleting foreign currency holdings.
Yes, Michael Kramer, but WHY hasn't gold kept up with inflation?
Submitted by cpowell on Tue, 2017-04-04 01:22 Section: Daily Dispatches1:25p HKT Tuesday, April 4, 2017
Dear Friend of GATA and Gold:
Proven and Probable interviews GATA Chairman Murphy
Submitted by cpowell on Mon, 2017-04-03 23:23 Section: Daily Dispatches11:22a HKT Tuesday, April 4, 2017
Dear Friend of GATA and Gold:
Ronan Manly: More consolidation in gold refinery business in Europe
Submitted by cpowell on Mon, 2017-04-03 23:13 Section: Daily Dispatches11:15a HKT Tuesday, April 3, 2017
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly today reports more consolidation in the European gold and silver refinery business, the acquisition of Argor-Heraeus by Heraeus Precious Metals. Manly's report is headlined "German and Swiss Precious Metals Refiners Join Forces as Heraeus Acquires Argor-Heraeus" and it's posted at Bullion Star here:
TF Metals Report: Infinite imaginary supply from futures keeps silver down
Submitted by cpowell on Mon, 2017-04-03 23:01 Section: Daily Dispatches11a HKT Tuesday, April 4, 2017
Dear Friend of GATA and Gold:
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