Daily Dispatches

Venezuela discovers that gold in the ground is money in the bank

Submitted by cpowell on Fri, 2016-02-26 20:44 Section: Daily Dispatches

Venezuela Sees Savior in Gold as Country Fights to Avoid Default

By Nathan Crooks and Noris Soto
Bloomberg News
Friday, February 26, 2016

Venezuela is planning to move fast with a new mining joint venture announced this week with Spokane, Washington-based Gold Reserve Inc. and will start extracting the precious metal within six months, according to central bank President Nelson Merentes.

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GoldSeek Radio interviews GATA Chairman Bill Murphy

Submitted by cpowell on Fri, 2016-02-26 17:52 Section: Daily Dispatches

5:50p ET Friday, February 26, 2016

Dear Friend of GATA and Gold:

GoldSeek Radio's Chris Waltzek today interviews GATA Chairman Bill Murphy about indications that demand for physical gold is starting to overcome the gold cartel's price suppression. The interview is 10 minutes long and can be heard at GoldSeek Radio here:

http://www.radio.goldseek.com/nuggets.php

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Clashes over policy at Shanghai G20 meeting

Submitted by cpowell on Fri, 2016-02-26 11:19 Section: Daily Dispatches

By Robin Harding in Shanghai and Tom Mitchell in Beijing
Financial Times, London
Friday, February 26, 2016

Finance ministers and central bankers clashed on Friday over issues ranging from the need for global stimulus to negative interest rates, suggesting they were unlikely to agree on "bold" measures urged by the International Monetary Fund earlier this week.

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T.F. Metals Report: Aggressive silver capping continues

Submitted by cpowell on Thu, 2016-02-25 21:15 Section: Daily Dispatches

9:15p ET Thursday, February 25, 2016

Dear Friend of GATA and Gold:

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Alasdair Macleod: On monetary finance and platinum coins

Submitted by cpowell on Thu, 2016-02-25 20:08 Section: Daily Dispatches

By Alasdair Macleod
GoldMoney.com, Jersey, Channel Islands
Thursday, February 25, 2016

It has become clear to everyone in the financial world that the monetary policies pursued by central banks have completely failed in their objectives.

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Venezuela is shipping gold to Europe to pay debt

Submitted by cpowell on Thu, 2016-02-25 14:56 Section: Daily Dispatches

By Patrick Gillespie
CNN, New York
Thursday, February 25, 2016

Venezuela is shipping gold to Europe so that it can pay its debt.

Venezuela sent $1.3 billion worth of gold bars to Switzerland in January, according to data from the Swiss Federal Customs Administration.

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Koos Jansen: Comex gold futures contracts can be settled off exchange

Submitted by cpowell on Thu, 2016-02-25 10:00 Section: Daily Dispatches

9:56a ET Thursday, February 25, 2016

Dear Friend of GATA and Gold:

Gold researcher and GATA consultant Koos Jansen notes today that Comex gold futures contracts do not have to be settled by delivery of gold deposited with a Comex member warehouse, but also can be settled with gold anywhere in the world that purportedly is considered equivalent to the gold in the contract.