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Daily Dispatches
The Limerick King finds Ponzi in the gold vault
Submitted by cpowell on Thu, 2013-01-17 12:25 Section: Daily Dispatches9:25a PT Thursday, January 17, 2013
Dear Friend of GATA and Gold:
The Limerick King, who haunts the incomparable Zero Hedge Internet site, has captured in five short lines of doggerel what it has taken GATA more than a decade to figure out:
http://www.flickr.com/photos/expd/8388391029/
Ponzi can surely attest
The gold in the vault is the best.
But then he checked leases
Gold revaluation really isn't a silly idea at all, Mr. Cashin
Submitted by cpowell on Thu, 2013-01-17 12:07 Section: Daily Dispatches9a PT Thursday, January 17, 2013
Dear Friend of GATA and Gold:
Business Insider today quotes UBS market director Art Cashin, a frequent analyst on CNBC, as ridiculing the idea of gold revaluation to improve the financial position of the U.S. government:
http://www.businessinsider.com/art-cashin-reprice-gold-to-address-debt-c...
Suspicion of impairment of German gold sneaks into Washington Post
Submitted by cpowell on Thu, 2013-01-17 11:09 Section: Daily DispatchesGermany to Bring Home Some of its Gold Reserves
By Michael Birnbaum
Washington Post
Wednesday, January 16, 2013
http://www.washingtonpost.com/world/germany-to-bring-home-some-of-its-go...
Sinclair, Barron, and Leeb on the Bundesbank's strange gold move
Submitted by cpowell on Wed, 2013-01-16 15:59 Section: Daily Dispatches3:50p ET January 16, 2013
Dear Friend of GATA and Gold:
Comment is flowing in on the Bundesbank's plan to repatriate all of a fifth of its gold held at the Federal Reserve Bank of New York over the next seven years.
Jim Sinclair argues that the move is retaliation by the euro bloc for U.S. attacks on gold that hamper the euro bloc's strategy for strengthening its new currency:
Turd Ferguson: German gold hijinx
Submitted by cpowell on Wed, 2013-01-16 13:03 Section: Daily Dispatches1p ET Wednesday, January 16, 2013
Dear Friend of GATA and Gold:
To recover just a small part of Germany's gold, Bundesbank will need 7 years
Submitted by cpowell on Wed, 2013-01-16 08:56 Section: Daily Dispatches9:14a ET Wednesday, January 16, 2013
Dear Friend of GATA and Gold:
The Deutsche Bundesbank's plan announced today to repatriate some of Germany's gold reserves from the Federal Reserve Bank of New York is so incomplete and slow as to increase, not diminish, doubt that all the gold is really available.
Monetary metals recovered from paper slam in just a week, Turk notes
Submitted by cpowell on Tue, 2013-01-15 22:24 Section: Daily Dispatches10:15p ET Tuesday, January 15, 2013
Dear Friend of GATA and Gold:
Bundesbank to pull gold from New York and Paris in watershed moment
Submitted by cpowell on Tue, 2013-01-15 15:15 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, January 15, 2013
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/980444...
MarketWatch permits questions about official gold reserves
Submitted by cpowell on Tue, 2013-01-15 12:01 Section: Daily DispatchesGermany Wants Its Gold Back
By Barbara Kollmeyer and Sarah Turner
MarketWatch
Tuesday, January 15, 2013
http://www.marketwatch.com/story/gold-futures-tick-higher-in-asia-tradin...
Goodbye, Big Apple. Adieu, Paris. It seems the Bundesbank could finally be ready to bow to some longstanding public pressure and bring its foreign gold reserves home.
Handelsblatt report translated; and a statement by German gold repatriation advocates
Submitted by cpowell on Tue, 2013-01-15 08:59 Section: Daily Dispatches9a ET Tuesday, January 15, 2013
Dear Friend of GATA and Gold:
Below are, first, an English translation by the German financial journalist Lars Schall of yesterday's report in Handelsblatt about the Bundesbank's plan to retrieve German gold vaulted abroad, and, second, a response by Peter Boehringer, founder of the German "Repatriate Our Gold" campaign.
CHRIS POWELL, Secretary/Treasurer