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Daily Dispatches
ECB would save Greek banks but not the government, Sprott tells KWN
Submitted by cpowell on Sat, 2015-05-23 18:50 Section: Daily Dispatches6:50p ET Saturday, May 23, 2015
Dear Friend of GATA and Gold:
Koos Jansen: China sets up gold fund for central banks
Submitted by cpowell on Sat, 2015-05-23 18:40 Section: Daily Dispatches6:40p ET Saturday, May 23, 2015
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen elaborates on today's announcement that the Shanghai Gold Exchange will be arranging acquisition of gold for as many as 60 countries participating in the "Silk Road" trading area.
The objective seems to be to reduce the U.S. dollar's function as the world reserve currency.
60 countries invest in Chinese fund to facilitate central bank gold purchases
Submitted by cpowell on Sat, 2015-05-23 15:04 Section: Daily DispatchesChina Sets Up Largest Gold Fund
From Xinhua News Agency, Beijing
Saturday, May 23, 2015
XI'AN, China -- A gold-sector fund involving countries along the ancient Silk Road has been set up in northwest China's Xi'an City during an ongoing forum on investment and trade this weekend.
Reuters: Austrian central bank plans to repatriate gold from Britain, newspaper says
Submitted by cpowell on Fri, 2015-05-22 22:46 Section: Daily DispatchesFrom Reuters
Friday, May 22, 2015
VIENNA, Austria -- Austria's central bank plans to repatriate some of its gold reserves from Britain after facing criticism for storing too much of the precious metal abroad, the Krone newspaper reported today without naming any sources for the information.
Officials at the Austrian National Bank were not immediately available for comment.
Hyperinflation in Venezuela, which just pawned its gold
Submitted by cpowell on Fri, 2015-05-22 22:38 Section: Daily DispatchesBy Hannah Dreier
Associated Press
via Yahoo News, New York
Friday, May 22, 2015
CARACAS, Venezuela -- Venezuelans are dumping their rapidly-depreciating currency at a quicker pace, leading to a staggering plunge in its free-market value, as the crisis-plagued economy edges closer to an outbreak of hyperinflation.
Defaults, bankruptcies will make things plain, but too late, Sprott says
Submitted by cpowell on Fri, 2015-05-22 14:27 Section: Daily Dispatches2:25p ET Friday, May 22, 2015
Dear Friend of GATA and Gold:
Austria reported to repatriate 110 tonnes of gold from Bank of England
Submitted by cpowell on Fri, 2015-05-22 12:19 Section: Daily Dispatches12:16p ET Friday, May 22, 2015
Dear Friend of GATA and Gold:
Austria is repatriating 110 tonnes of gold from the Bank of England, according to an Austrian newspaper report cited today by gold researcher and GATA consultant Koos Jansen, who writes about it at Bullion Star here:
https://www.bullionstar.com/blogs/koos-jansen/kronen-zeitung-austria-rep...
Dave Kranzler: Government fraudulently reported April inflation numbers
Submitted by cpowell on Fri, 2015-05-22 11:18 Section: Daily Dispatches11:18a ET Friday, May 22, 2015
Dear Friend of GATA and Gold:
Koos Jansen: Chinese gold leasing is much lower than establishment claims
Submitted by cpowell on Fri, 2015-05-22 10:51 Section: Daily Dispatches10:50a ET Friday, May 22, 2015
Dear Friend of GATA and Gold:
Gold leasing is far smaller than claimed by establishment analysts of the gold market, gold researcher and GATA consultant Koos Jansen reports today. His commentary is headlined "Chinese Gold Leasing Not What It Seems" and it's posted at Bullion Star here:
BitGold to acquire GoldMoney for shares in transaction estimated at C$52 million
Submitted by cpowell on Fri, 2015-05-22 10:29 Section: Daily DispatchesCompany Announcement via Business Wire
Friday, May 22, 2015
TORONTO -- BitGold Inc., a platform for savings and payments in gold, announces that it has entered into an acquisition Agreement to purchase the operating and intellectual property assets of GoldMoney Network Ltd., subject to regulatory approvals and other customary closing conditions.
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