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Daily Dispatches
Will sunken treasure ship's gold be leased even before it's recovered?
Submitted by cpowell on Sat, 2015-12-05 13:10 Section: Daily DispatchesColombia Says Treasure-Laden San Jose Galleon Found
From the British Broadcasting Corp., London
Saturday, December 5, 2015
The wreck of a Spanish ship laden with treasure that was sunk by the British more than 300 years ago has been found, says Colombian President Juan Manuel Santos.
"Great news! We have found the San Jose galleon," the president tweeted.
Koos Jansen: Renminbi internationalization and China's gold strategy
Submitted by cpowell on Sat, 2015-12-05 11:21 Section: Daily Dispatches11:15a ET Saturday, December 5, 2015
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen shows today how China sees gold as crucial not just to the internationalization of its currency but also to the basic valuation of its currency. His analysis is headlined "Renminbi Internationalization and China's Gold Strategy" and it's posted at Bullion Star here:
Royal Mint's L50 coin is worth less than L10 by metal content
Submitted by cpowell on Fri, 2015-12-04 22:50 Section: Daily DispatchesBy Kyle Caldwell
The Telegraph, London
Friday, December 4, 2015
A new L50 coin has been made available by Royal Mint to celebrate the Queen's becoming the nation's longest-reigning monarch.
The silver coin is being sold at face value. Demand is limited, with just 100,000 available.
In KWN interview, Sprott discusses gold's improving prospects
Submitted by cpowell on Fri, 2015-12-04 17:04 Section: Daily Dispatches5p ET Friday, December 4, 2015
Dear Friend of GATA and Gold:
No limits to central banking, ECB president declares
Submitted by cpowell on Fri, 2015-12-04 16:53 Section: Daily DispatchesSo tell us something we don't know.
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'There Cannot Be a Limit' to Stimulus, Says ECB President Mario Draghi
By Agence France-Presse
via The Telegraph, London
Friday, December 4, 2015
Mario Draghi has said the European Central Bank would intensify efforts to support the eurozone economy and boost inflation toward its 2-percent goal if necessary.
The mystery of the mayor's chain and its missing gold links
Submitted by cpowell on Fri, 2015-12-04 16:37 Section: Daily DispatchesAnother indication that while politicians inflate the money away they spirit the gold away.
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By Patrick Sawer
The Telegraph, London
Friday, December 4, 2015
It is an artifact that traditionally denotes the weighty responsibility of office and the recognition bestowed upon its holder by a town's citizens.
ISIS aspires to gold but uses U.S. dollar
Submitted by cpowell on Fri, 2015-12-04 16:31 Section: Daily DispatchesThe main currency of Middle Eastern terrorists comes out of Washington, not out of gold mines.
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ISIS Is Obsessed with Gold Currency
From Cable News Network, New York
Friday, December 4, 2015
The Islamic State is hellbent on world domination -- and a return to real gold coins.
Indian government insists gold paperization scheme is voluntary
Submitted by cpowell on Fri, 2015-12-04 16:23 Section: Daily DispatchesGold Monetisation Scheme Purely Voluntary, Indian Government Says
By the Press Trust of India
via The Times of India, Mumbai
Saturday, December 5, 2015
NEW DELHI, India -- The gold monetisation scheme is purely voluntary for individuals and institutions and they can make their own decision to monetise their gold, the Finance Ministry today clarified.
Alasdair Macleod: The Fed's in a bind
Submitted by cpowell on Thu, 2015-12-03 14:04 Section: Daily Dispatches2p ET Thursday, December 3, 2015
Dear Friend of GATA and Gold:
If the Federal Reserve really starts raising interest rates, ending decades of declining credit costs, it may prompt a vast change in world economic conditions, GoldMoney research director Alasdair Macleod writes today.
Goldman Sachs has plan for investment banks to issue their own currency
Submitted by cpowell on Thu, 2015-12-03 13:39 Section: Daily DispatchesGoldman Sachs Files Patent for Virtual Settlement Currency
By Jennifer Hughes
Financial Times, London
Thursday, December 3, 2015
Goldman Sachs has made a patent application for a cryptocurrency settlement system in a move that underlines bank hopes that the architecture behind bitcoin can revolutionise global payments.
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