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Daily Dispatches
Bank of England shows off its gold vault again, but to whom does the metal really belong?
Submitted by cpowell on Thu, 2016-12-08 10:58 Section: Daily DispatchesPrince Charles doesn't seem to have asked.
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Can I Take One of These Home? Prince Charles Is Shown Bank of England's Vaults Where 400,000 Gold Bars Worth L100 Billion Are Stored
By Rebecca English
Daily Mail, London
Wednesday, December 7, 2016
As jokes go it probably wasn't the most tactful, but at least it tickled Prince Charles.
Indian demonetization effect: 15 tonnes of gold sold on Nov. 8-9
Submitted by cpowell on Wed, 2016-12-07 22:28 Section: Daily DispatchesBy Ram Sahgal
The Times of India, Mumbai
Thursday, December 8, 2016
UK failed to measure huge imports of gold after Brexit vote
Submitted by cpowell on Wed, 2016-12-07 16:55 Section: Daily DispatchesOops! Experts' L6 Billion Blunder Sends UK Trade Deficit Soaring
By Philip Aldrick
The Times, London
Wednesday, December 7, 2016
Britain's trade deficit with the rest of the world is L6 billion larger than previously thought -- and at a record high -- because the nation's beancounters made a mistake in their sums.
Chile rejects attempt to block modified Barrick Gold mine project
Submitted by cpowell on Wed, 2016-12-07 14:52 Section: Daily DispatchesBy Anthony Esposito and Susan Taylor
Reuters
Wednesday, December 7, 2016
Chile has rejected an attempt by local communities to block modifications needed to keep Barrick Gold Corp.'s controversial Pascua Lama project alive, a resolution by the ministerial committee involved showed on Wednesday.
Why do some nations hold more gold?
Submitted by cpowell on Wed, 2016-12-07 14:48 Section: Daily DispatchesBy Will Railton
City AM, London
Wednesday, December 7, 2016
As an asset, gold is entirely speculative. It provides no income or dividends and has few industrial or medical applications. Investors buy it only in the confidence that humans' peculiar and enduring fascination with the lustrous metal will ensure its value through the decades and centuries to come.
Koos Jansen: Gold in London and Hong Kong is used to settle Comex futures
Submitted by cpowell on Wed, 2016-12-07 14:27 Section: Daily Dispatches2:27p ET Wednesday, December 7, 2016
Dear Friend of GATA and Gold:
On Kitco News, GATA chairman discusses government attacks on monetary metals
Submitted by cpowell on Wed, 2016-12-07 12:38 Section: Daily Dispatches12:36p ET Wednesday, December 7, 2016
Dear Friend of GATA and Gold:
Turkey's president urges people to favor lira and gold to end 'tyranny of the dollar'
Submitted by cpowell on Wed, 2016-12-07 11:11 Section: Daily DispatchesTurks Urged to Trust in Lira to Defeat 'Ttyranny of Dollar'
By Mehul Srivastava and Jonathan Wheatley
Financial Times, London
Wednesday, December 7, 2016
Brussels to fine three banks over Euribor rate rigging
Submitted by cpowell on Tue, 2016-12-06 16:23 Section: Daily DispatchesBy Rochelle Toplensky and Martin Arnold
Financial Times, London
Tuesday, December 6, 2016
Brussels on Wednesday will hit HSBC, JPMorgan, and Credit Agricole with multimillion-euro fines for rigging the Euribor interest rate benchmark, closing a five-year cartel probe into a scandal that shook the financial world.
Governments, financial press falsify economic conditions, Embry tells KWN
Submitted by cpowell on Tue, 2016-12-06 12:37 Section: Daily Dispatches12:37p ET Tuesday, December 6, 2016
Dear Friend of GATA and Gold:
Governments and financial news organizations are falsifying the condition of the world's economy, Sprott Asset Management's John Embry tells King World News today, and the price action in the monetary metals is "ludicrous." Embry's comments are excerpted at KWN here:
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