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Daily Dispatches
Apartments, art store wealth better than gold now, BlackRock chairman says
Submitted by cpowell on Tue, 2015-04-21 10:48 Section: Daily DispatchesIf only someone had asked him why. But that would have required actual journalism.
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By Jonathan Burgos and Netty Idayu Ismail
Bloomberg News
Tuesday, April 21, 2015
Gold's traditional role as a store of wealth has been usurped by contemporary art and apartments in cities such as New York and London, according to Laurence D. Fink, head of the world's biggest asset manager.
Fed still wants easy money and any rate increases will be trivial
Submitted by cpowell on Tue, 2015-04-21 10:32 Section: Daily DispatchesBy Steve Matthews and Jeanna Smialek
Bloomberg News
Tuesday, April 21, 2015
Janet Yellen wants you to know that while the era of zero rates may be drawing to a close, money will stay cheap for a long time to come.
Rome forum on Chinese currency's status overlapped Washington forum
Submitted by cpowell on Tue, 2015-04-21 10:24 Section: Daily Dispatches10:23a ET Tuesday, April 21, 2015
Dear Friend of GATA and Gold:
Last week's private meeting in Washington called by the Official Monetary and Financial Institutions Forum and the World Gold Council to discuss the internationalization of the Chinese currency --
Indian gold imports may rise 89 percent in April, jewellers group says
Submitted by cpowell on Mon, 2015-04-20 13:29 Section: Daily DispatchesBy the Press Trust of India
via The Times of India, Mumbai
Monday, April 20, 2015
MUMBAI -- India's gold imports are likely to rise more than 89 percent at 100 tonnes this month compared with last year, mainly due to weakness in international prices and easing of restrictions by the Reserve Bank of India, an industry body said.
Mystery of China's gold stash may soon be solved at IMF
Submitted by cpowell on Mon, 2015-04-20 13:23 Section: Daily DispatchesBy Jasmine Ng, Joseph Deaux, and Eddie Van Der Walt
Bloomberg News
Monday, April 20, 2015
China's push to challenge U.S. dominance in global trade and finance may involve gold -- a lot of gold.
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.
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