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Daily Dispatches
Torgny Persson: Gold, governments, and central banks
Submitted by cpowell on Fri, 2015-04-03 13:30 Section: Daily Dispatches1:30p ET Friday, April 3, 2015
Dear Friend of GATA and Gold:
India's government is the most hostile to the public's gold ownership but the governments of Switzerland and the United States are no friends to gold either, Bullion Star proprietor Torgny Persson writes this week. His commentary is headlined "Gold, Governments, and Central Banks" and it's posted at Bullion Star here:
ECB will expropriate Greek bank deposits, Turks tells KWN
Submitted by cpowell on Fri, 2015-04-03 09:06 Section: Daily Dispatches9a ET Friday, April 3, 2015
Dear Friend of GATA and Gold:
The European Central Bank will expropriate deposits in Greek banks to recover the loans the bank has made to the Greek government, GoldMoney founder and GATA consultant James Turk tells King World News today. An excerpt from the interview is posted at the KWN blog here:
Alasdair Macleod: Gold becomes even more underpriced compared to fiat money supply
Submitted by cpowell on Thu, 2015-04-02 22:27 Section: Daily Dispatches10:25p ET Thursday, April 2, 2015
Dear Friend of GATA and Gold:
Getting out his fiat money quantity charts again, GoldMoney research director Alasdair Macleod concludes that gold has become even more underpriced compared to fiat money supply in recent months, so much so that an upward correction is due. Macleod's commentary is posted at GoldMoney's Internet site here:
Arizona governor vetoes bill recognizing gold and silver as legal tender
Submitted by cpowell on Thu, 2015-04-02 21:06 Section: Daily DispatchesBy Ryan Van Velzer
Associated Press
via Arizona Star, Tucson
Wednesday, April 1, 2015
PHOENIX -- Gov. Doug Ducey vetoed a bill Wednesday that would have made Arizona the third state behind Utah and Oklahoma to recognize gold and silver as legal tender.
Stefan Gleason: The 5 biggest myths about investing in gold and silver
Submitted by cpowell on Thu, 2015-04-02 16:21 Section: Daily Dispatches4:20p ET Thursday, April 2, 2015
Dear Friend of GATA and Gold:
Stefan Gleason, president of Money Metals Exchange in Idaho, gives GATA a plug in his commentary "The 5 Biggest Myths About Investing in Gold and Silver," posted at TheStreet.com here:
http://www.thestreet.com/story/13099489/1/the-5-biggest-myths-about-inve...
CHRIS POWELL, Secretary/Treasurer
We'll go bankrupt in a week, Greece warns creditors as trust frays in debt drama
Submitted by cpowell on Thu, 2015-04-02 14:32 Section: Daily DispatchesBy Mehreen Khan
The Telegraph, London
Thursday, April 2, 2015
Greece will go bankrupt in within a week, government officials have told their creditors, as the country's bailout negotiations push the cash-starved government to the wire.
Barrick Gold must face U.S. lawsuit over mothballed mine
Submitted by cpowell on Thu, 2015-04-02 11:48 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Wednesday, April 1, 2015
NEW YORK -- Barrick Gold Corp. has lost its bid to dismiss a U.S. lawsuit that accuses the world's largest gold producer of concealing problems at a troubled South American mine and of fraudulently inflating the company's market value by billions of dollars.
World Gold Council considers launch of new London exchange
Submitted by cpowell on Thu, 2015-04-02 11:30 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Thursday, April 2, 2015
The gold industry's leading trade body and half a dozen banks have agreed to explore the idea of establishing an exchange in London as the existing market faces greater regulation.
Former BIS official criticizes central bank 'guidance' on interest rates
Submitted by cpowell on Wed, 2015-04-01 21:27 Section: Daily Dispatches9:27p ET Wednesday, April 1, 2015
Dear Friend of GATA and Gold:
Israel applies to become founding member of Asian development bank
Submitted by cpowell on Wed, 2015-04-01 20:43 Section: Daily DispatchesBy Mehreen Khan
The Telegraph, London
Wednesday, April 1, 2015
The Israeli government has submitted its application to become a founding member of a controversial Chinese-led development bank, in a move that is likely to cause consternation in Washington.