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Daily Dispatches
Commerzbank may hoard billions to avoid ECB charges, Reuters says
Submitted by cpowell on Wed, 2016-06-08 10:45 Section: Daily DispatchesBy Arno Schuetze and Andreas Kroner
Reuters
Wednesday, June 8, 2016
FRANKFURT, Germany -- Commerzbank, one of Germany's biggest lenders, is examining the possibility of hoarding billions of euros in vaults rather than paying a penalty charge for parking it with the European Central Bank, according to sources familiar with the matter.
UK's Royal Mint will sell pension investors gold they can never see
Submitted by cpowell on Tue, 2016-06-07 23:01 Section: Daily DispatchesRoyal Mint Opens Gold Vault to Pension Investors
By Josephine Cumbo
Financial Times, London
Wednesday, June 8, 2016
The Royal Mint is to open up its gold vaults to UK pension investors for the first time.
From Wednesday, Royal Mint will make some of its gold bars available to investors wanting to hold it in tax-efficient pension pots.
Mike Kosares: Former Bank of England head joins Greenspan as gold advocate
Submitted by cpowell on Tue, 2016-06-07 11:16 Section: Daily DispatchesBy Michael J. Kosares
USAGold.com, Centennial, Colorado
Tuesday, June 7, 2016
China paused monthly gold purchases in May after prices surged
Submitted by cpowell on Tue, 2016-06-07 11:12 Section: Daily DispatchesBy Bloomberg News
Tuesday, June 7, 2016
China, the world's biggest producer and consumer of gold, took a break from adding bullion to reserves in May after prices soared 22 percent in the first four months of the year.
Bank of Montreal warns against other banks in gold business
Submitted by cpowell on Mon, 2016-06-06 18:45 Section: Daily Dispatches6:50p ET Monday, June 6, 2016
Dear Friend of GATA and Gold:
A year ago February, Bank of Montreal announced plans to start a physical gold fund --
http://www.reuters.com/article/us-bank-of-montreal-gold-idUSKBN0L80BQ201...
Inflation is back, 'stagflation' is coming, Turk tells KWN
Submitted by cpowell on Mon, 2016-06-06 17:42 Section: Daily Dispatches5:41p ET Monday, June 6, 2016
Dear Friend of GATA and Gold:
Von Greyerz mocks U.S. employment reports
Submitted by cpowell on Sun, 2016-06-05 20:00 Section: Daily Dispatches8p ET Sunday, June 5, 2016
Dear Friend of GATA and Gold:
China putting floor under gold, Maguire tells KWN
Submitted by cpowell on Fri, 2016-06-03 20:27 Section: Daily Dispatches8:26p ET Friday, June 3, 2016
Dear Friend of GATA and Gold:
Ronan Manly: LBMA gold and silver data is full of mistakes
Submitted by cpowell on Fri, 2016-06-03 10:45 Section: Daily Dispatches10:45a ET Friday, June 3, 2016
Dear Friend of GATA and Gold:
Negative-yield debt breaks $10 trillion level for first time
Submitted by cpowell on Fri, 2016-06-03 10:27 Section: Daily DispatchesBy Eric Platt and Mamta Badkar
Financial Times, London
Friday, June 3, 2016
Negative-yielding government debt has risen above $10 trillion for the first time, enveloping an increasingly large part of the financial markets after being fueled by central bank stimulus and a voracious investor appetite for sovereign paper.
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