Daily Dispatches

Deutsche Bank's top investor, a Chinese conglomerate, told to dump its stake

Submitted by cpowell on Fri, 2018-09-07 10:33 Section: Daily Dispatches

From Bloomberg News
Thursday, September 7, 2018

Deutsche Bank AG's top investor, China's HNA Group Co., plans to exit its entire stake in Germany's largest lender as it reverses a debt-fueled acquisition spree, according to people briefed on the matter.

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Fed rejects bank for being too safe

Submitted by cpowell on Thu, 2018-09-06 13:40 Section: Daily Dispatches

1:49p ET Thursday, September 6, 2018

Dear Friend of GATA and Gold:

Bloomberg News opinion columnist Matt Levine today reports that the Federal Reserve is blocking the bid of a bank recently formed in Connecticut to give ordinary bank depositors access to the much higher rate of interest paid by the Fed to regular banks.

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Alasdair Macleod: Apocalypse, or not?

Submitted by cpowell on Thu, 2018-09-06 13:29 Section: Daily Dispatches

1:33p ET Thursday, September 6, 2018

Dear Friend of GATA and Gold:

Read more about Alasdair Macleod: Apocalypse, or not?

Crazy rich Asians advised to increase gold holdings amid market turmoil

Submitted by cpowell on Wed, 2018-09-05 19:22 Section: Daily Dispatches

Asia’s Super-Rich Advised to Add More Gold to Their Portfolios to Protect Assets Amid Storms Pounding Equity Markets

By Louise Moon
South China Morning Post, Hong Kong
Wednesday, September 5, 2018

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GoldMoney's Macleod, interviewed on 'Keiser Report,' envisions a gold-backed yuan

Submitted by cpowell on Tue, 2018-09-04 20:58 Section: Daily Dispatches

9p ET Tuesday, September 4, 2018

Dear Friend of GATA and Gold:

Read more about GoldMoney's Macleod, interviewed on 'Keiser Report,' envisions a gold-backed yuan

Craig Hemke at Sprott Money: Comex silver to test 2015 lows

Submitted by cpowell on Tue, 2018-09-04 19:05 Section: Daily Dispatches

7:12p ET Tuesday, September 4, 2018

Dear Friend of GATA and Gold:

Read more about Craig Hemke at Sprott Money: Comex silver to test 2015 lows

Japan braces for gold smuggling rush in shadow of tax hike

Submitted by cpowell on Tue, 2018-09-04 07:37 Section: Daily Dispatches

By Aiko Munakata
Nikkei Asian Review, Tokyo
Tuesday, September 4, 2018

TOKYO -- As Japan prepares to raise the consumption tax for the first time in half a decade next year, the Ministry of Finance worries that gold smuggling will also get a boost.

Read more about Japan braces for gold smuggling rush in shadow of tax hike

Venezuela's Maduro spends $6 on gold certificate as pensioners queue for their money

Submitted by cpowell on Mon, 2018-09-03 22:16 Section: Daily Dispatches

Maduro Buys Gold to Boost Savings amid Five-Digit Inflation

By Jorge Rueda
Associated Press
via Minneapolis Star-Tribune
Monday, September 3, 2018

CARACAS, Venezuela -- President Nicolas Maduro said today he is investing part of his personal savings in a gold-backed certificate as part of a much-questioned plan to crush hyperinflation and reactivate Venezuela's moribund economy.