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Daily Dispatches
Russia returning to gold with biggest purchases in six months
Submitted by cpowell on Mon, 2015-04-20 12:31 Section: Daily DispatchesBy Eddie van der Walt
Bloomberg News
Monday, April 20, 2015
After a two-month hiatus, Russia's appetite for buying gold is back.
The nation increased foreign reserves of bullion to 39.8 million ounces, or about 1,238 metric tons, as of April 1, compared with 38.8 million ounces a month earlier, the central bank said on its website today. The 30-ton purchase was the most since September.
It's as if these Swiss money managers -- Swiss! -- never heard of gold
Submitted by cpowell on Sun, 2015-04-19 10:06 Section: Daily DispatchesInstead they're thinking of putting stacks of paper money in vaults to avoid paying the penalty of negative interest rates.
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Swiss Pension Schemes 'Bankrupt in 10 Years'
By Madison Marriage
Financial Times, London
Sunday, April 19, 2015
http://www.ft.com/intl/cms/s/0/aca0b86c-e51c-11e4-bb4b-00144feab7de.html
MtGox lost bitcoins long before collapse, investigators conclude
Submitted by cpowell on Sun, 2015-04-19 09:49 Section: Daily DispatchesBen McLannahan
Financial Times, London
Sunday, April 19, 2015
MtGox, once the world's most popular venue for trading and storing bitcoin, was in effect insolvent long before it collapsed, according to a report that claims thieves were routinely stealing the digital currency from its thinly protected vaults.
Cash advance from Russian gas pipeline could buy time for Greece
Submitted by cpowell on Sat, 2015-04-18 08:58 Section: Daily DispatchesRussian Gas Deal 'Will Net Greece E5 Billion and Turn the Tide'
By Andrew Trotman
The Telegraph, London
Friday, April 17, 2015
Greece could reap up to E5 billion from a planned Russian gas pipeline that runs through the country and on to the rest of Europe, easing fears it could run out of money within weeks.
Appeals court rules U.S. govt. must return rare gold coins to family
Submitted by cpowell on Fri, 2015-04-17 17:35 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Friday, April 17, 2015
The U.S. government must return 10 exceptionally rare gold coins worth millions of dollars each to a Pennsylvania family from which the purloined coins were seized a decade ago, a federal appeals court ruled today.
Alasdair Macleod: The overvalued dollar
Submitted by cpowell on Fri, 2015-04-17 13:37 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney.com
Friday, April 17, 2015
Greece scrapes bottom of barrel in hunt for cash to stay afloat
Submitted by cpowell on Fri, 2015-04-17 10:56 Section: Daily DispatchesBy Lefteris Papadimas and Deepa Babington
Reuters
Friday, April 17, 2015
ATHENS -- Greece will need to tap all the remaining cash reserves across its public sector -- a total of 2 billion euros ($2.16 billion) -- to pay civil service wages and pensions at the end of the month, according to finance ministry officials.
Mike Kosares: Don't be a Mr. or Mrs. Unicorn
Submitted by cpowell on Thu, 2015-04-16 14:42 Section: Daily Dispatches2:40p ET Thursday, April 16, 2015
Dear Friend of GATA and Gold:
Perpetuating "quantitative easing," USAGold's Mike Kosares writes today, will be inflationary and tend to support the gold price, while ending QE likely will shake the markets and support the gold price as well. Kosares' commentary is headlined "Don't Be a Mr. or Mrs. Unicorn" and it's posted at USAGold here:
Your taxes have nothing to do with the government's need for money
Submitted by cpowell on Wed, 2015-04-15 16:46 Section: Daily Dispatches4:55 ET Wednesday, April 15, 2015
Dear Friend of GATA and Gold:
Record dive recovers $50 million in wartime silver from ocean floor
Submitted by cpowell on Wed, 2015-04-15 15:24 Section: Daily DispatchesFrom the British Broadcasting Corp., London
Wednesday, April 15, 2015
In the deepest salvage operation in history, a British-led team has recovered a $50 million (L34 million, E47 million) trove of coins that has lain on the seabed since the steamship carrying them from Bombay to England was sunk in 1942.
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