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Daily Dispatches
How Venezuela turns its useless bank notes into gold
Submitted by cpowell on Sun, 2019-02-10 11:21 Section: Daily DispatchesBy Corina Pons and Maria Ramirez
Reuters
Sunday, February 10, 2019
EL CALLAO, Venezuela -- Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches.
BIS gold swaps fall in January; data hints at price suppression in 2017
Submitted by cpowell on Sat, 2019-02-09 10:57 Section: Daily DispatchesBy Robert Lambourne
Saturday, February 9, 2019
Federal judge lets traders combine cases accusing JPMorgan of rigging monetary metals markets
Submitted by cpowell on Fri, 2019-02-08 21:42 Section: Daily DispatchesBy Dawn Giel
CNBC, New York
Thursday, February 7, 2019
A group of traders from across the U.S. who allege that JPMorganChase manipulated precious metals markets for years are one step closer to bringing a class-action suit against the nation's largest bank.
Russia may eliminate gold tax to boost investment at dollar's expense
Submitted by cpowell on Fri, 2019-02-08 15:03 Section: Daily DispatchesFrom Russia Today, Moscow
Friday, February 8, 2019
Russia's Finance Ministry told the Izvestia newspaper it is considering complete abolition of value-added tax on gold purchases. This would give Russian savers an option of investing in gold rather than foreign currencies.
Economics prof Michael Hudson details the imperial scheme against Venezuela for oil and gold
Submitted by cpowell on Fri, 2019-02-08 14:45 Section: Daily Dispatches2:43p ET Friday, February 8, 2019
Dear Friend of GATA and Gold:
Hong Kong launches new micro-gold trading platform GoldZip
Submitted by cpowell on Fri, 2019-02-08 12:17 Section: Daily DispatchesBy Enoch Yu
South China Morning Post, Hong Kong
Friday, February 8, 2019
Hong Kong's local gold exchange will introduce in March a new trading platform called GoldZip which will allow investors to trade in units as small as a single gram for HK$300 (US$38), in an effort to raise the appeal of the yellow metal among younger retail investors.
Mysterious Turkish firm helped Maduro move $900 million in gold
Submitted by cpowell on Fri, 2019-02-08 12:02 Section: Daily DispatchesFrom Bloomberg News
Friday, February 8, 2019
Two months after Venezuelan President Nicolas Maduro visited his counterpart Recep Tayyip Erdogan in Ankara, a mysterious company called Sardes sprang into existence.
Stefan Gleason: Battle for Venezuela's gold is a lesson in counterparty risk
Submitted by cpowell on Fri, 2019-02-08 11:51 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle, Idano
Wednesday, February 6, 2019
He who controls the gold makes the rules. That adage applies aptly to the crisis in Venezuela.
An international battle for control of Venezuela's gold is underway. At stake is the country's political future -- and, with it, the global market for its immense oil reserves.
GATA Chairman Murphy interviewed on what could keep gold rally going
Submitted by cpowell on Fri, 2019-02-08 11:39 Section: Daily Dispatches11:40a ET Friday, February 8, 2019
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed by Dunagun Kaiser for Reluctant Preppers, discusses the recent rise in monetary metals prices and what could keep it going. The interview is 19 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=93vIsPEHJPE&feature=youtu.be
No inflation? These guys must not shop for groceries or pay medical insurance premiums
Submitted by cpowell on Thu, 2019-02-07 19:55 Section: Daily DispatchesFed's Bullard Says U.S. Likely to Miss Inflation Target for Eighth Year
From Reuters
Thursday, February 7, 2019
WASHINGTON -- The Federal Reserve is likely to miss its 2 percent inflation target for an eighth straight year in 2019, a further sign the U.S. central bank's recent round of rate increases should end, James Bullard, president of the St. Louis Federal Reserve Bank, said today.
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