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Daily Dispatches
Gold Reserve shares surge on $770 million Venezuelan settlement
Submitted by cpowell on Mon, 2016-08-08 13:54 Section: Daily DispatchesGold Reserve Shares Surge on $770 Million Venezuelan Settlement
By Andrew Willis
Bloomberg News
Monday, August 8, 2016
Gold Reserve Inc. will get about $770 million as part of a settlement with Venezuela for the 2008 seizure of its Brisas gold and copper project in an arrangement that depends on the country securing financing. Shares surged.
Somehow the case for gold makes it into the Financial Times
Submitted by cpowell on Mon, 2016-08-08 09:24 Section: Daily Dispatches9:25a ET Monday, August 8, 2016
Dear Friend of GATA and Gold:
Bail-in for users of hacked bitcoin exchange costs them 36%
Submitted by cpowell on Sun, 2016-08-07 10:42 Section: Daily DispatchesHacked Bitcoin Exchange Users to Lose 36%
By Yuji Nakamura
Bloomberg News
Saturday, August 6, 2016
Hong Kong-based Bitfinex said all users will lose 36 percent of their deposits after the bitcoin exchange concluded its review of a $71 million hacking attack.
Turkey to increase gold-storage capacity to become regional hub
Submitted by cpowell on Sat, 2016-08-06 06:25 Section: Daily DispatchesTurkey to Increase Gold-Storage Capacity to Become Regional Hub
By Daily Sabah Staff with Anadolu Agency
Daily Sabah, Istanbul
Saturday, August 6, 2016
Hacked bitcoin exchange says users may share $68 million loss
Submitted by cpowell on Fri, 2016-08-05 11:37 Section: Daily DispatchesBy Lulu Yilun Chen and Yuji Nakamura
Bloomberg News
Friday, August 5, 2016
After suffering a crippling hack earlier this week, Hong Kong-based bitcoin exchange Bitfinex said it may spread the loss among its users, including ones not directly impacted by the hack.
Legendary executive Rob McEwen talks about gold mining in golden times
Submitted by cpowell on Thu, 2016-08-04 22:35 Section: Daily DispatchesBy Derrick Penner
Vancouver Sun, Vancouver, British Columbia, Canada
Thursday, August 4, 2016
Legendary mining executive Rob McEwen knows a thing or two about gold-mining companies, having built Goldcorp Inc. into a powerhouse producer before stepping down as chairman and CEO in 2005.
Alasdair Macleod: Saving the system
Submitted by cpowell on Thu, 2016-08-04 22:19 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, August 4, 2016
Monetary policy, we are told, is all about staving off recession and stimulating economic growth.
However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses, but the economists who devised today's monetarism have completely lost their way.
Maybe Indians buy so much gold because their currency is so crappy
Submitted by cpowell on Thu, 2016-08-04 22:06 Section: Daily DispatchesWhy Do Indians Spend So Much on Gold? RBI to Study
By the Press Trust of India
via The Times of India, Mumbai
Thursday, August 4, 2016
http://timesofindia.indiatimes.com/business/india-business/Why-Indians-s...
No one can be sure that Fed doesn't meddle with futures or ETFs
Submitted by cpowell on Wed, 2016-08-03 19:52 Section: Daily Dispatches8:03p ET Wednesday, August 3, 2016
Dear Friend of GATA and Gold:
Financial letter writer and technical analyst Steve Saville contends today that the Federal Reserve couldn't possibly be intervening directly in the stock market by purchasing stock index futures or exchange-traded funds because evidence of such transactions would show up on the Fed's public books:
Bond king Gross favors gold and real estate now
Submitted by cpowell on Wed, 2016-08-03 12:53 Section: Daily DispatchesGross Says 'I Don't Like Bonds, Most Stocks,' Favors Real Assets
By John Gittelsohn
Bloomberg News
Wednesday, August 3, 2016
Money manager Bill Gross says investors should favor gold and real estate while avoiding most stocks and bonds trading at inflated prices.
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