You are here
Daily Dispatches
NY Fed nominee faults bitcoin for lacking elasticity and central bank sponsorship
Submitted by cpowell on Sat, 2018-04-21 08:57 Section: Daily DispatchesBut isn't that the point of cryptocurrency -- and gold?
* * *
Likely New York Fed President Says Bitcoin 'Doesn't Pass the Basic Test' for a Currency
By Jeff Cox
CNBC, New York
Friday, April 20, 2018
The central banker expected to be the next head of the New York Fed doesn't think much of bitcoin and other cryptocurrencies.
Turkey repatriates its gold reserves from U.S.
Submitted by cpowell on Fri, 2018-04-20 08:58 Section: Daily DispatchesBy Rufiz Hafizoglu
Trend News Agency
Baku, Azerbaijan
Thursday, April 19, 2018
https://en.trend.az/business/economy/2889996.html
Turkey's central bank has transferred its gold reserves stored in the U.S. Federal Reserve System to Turkey, Turkish media reported today, citing sources in the government.
Ecuador is getting realistic and practical about exploiting its mineral wealth
Submitted by cpowell on Wed, 2018-04-18 21:38 Section: Daily Dispatches9:42p ET Wednesday, April 18, 2018
Dear Friend of GATA and Gold:
The VICE newsmagazine on HBO television has just done a documentary about geologist and mining entrepreneur Keith Barron's return to Ecuador as CEO of Aurania Resources, and it suggests that the country and its people have taken a new, realistic, and practical approach to exploiting their mineral riches.
Iran switches from dollar to euro as official reporting currency
Submitted by cpowell on Wed, 2018-04-18 21:08 Section: Daily DispatchesFrom Reuters
Wednesday, April 18, 2018
LONDON -- Iran will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said today as part of the country's effort to reduce its reliance on the U.S. currency due to political tension with Washington.
IMF sounds alarm on excessive global borrowing
Submitted by cpowell on Wed, 2018-04-18 10:07 Section: Daily DispatchesBy Chris Giles
Financial Times, London
Wednesday, April 18, 2018
WASHINGTON -- The International Monetary Fund today sounded the alarm on excessive global borrowing, warning that with a total of $164 trillion owed, the world's public and private sectors are deeper in debt than at the height of the financial crisis a decade ago.
Craig Hemke at Sprott Money: The Comex 'exchanges for physical' fraud
Submitted by cpowell on Tue, 2018-04-17 19:33 Section: Daily Dispatches7:35p ET Tuesday, April 17, 2018
Dear Friend of GATA and Gold:
The sudden rise in settlement of Comex gold and silver futures contracts through the formerly obscure off-exchange mechanism of "exchange for physicals" is likely just increasing the supply of imaginary metal, the TF Metals Report's Craig Hemke writes today for Sprott Money.
... Dispatch continues below ...
GATA publishes its federal tax returns
Submitted by cpowell on Tue, 2018-04-17 15:52 Section: Daily Dispatches3:56p ET Tuesday, April 17, 2018
Dear Friend of GATA and Gold:
Venezuela's 'suffocating' oil workers request dollar payments
Submitted by cpowell on Tue, 2018-04-17 07:42 Section: Daily DispatchesBy Fabiola Zerpa
Bloomberg News
Monday, April 16, 2018
A group of workers at Venezuela's state-owned oil company is requesting wages in dollars as well as meal plans and better health insurance to make up for what they called "suffocating" economic conditions.
China increases U.S. Treasuries holdings despite trade tension
Submitted by cpowell on Tue, 2018-04-17 07:36 Section: Daily DispatchesBy Joe Rennison and Robin Wigglesworth
Financial Times, London
Monday, April 16, 2018
China expanded its U.S. Treasury holdings in February despite escalating trade tension between Beijing and Washington at the time, helping damp concerns the country could shed U.S. assets to hit back at the Trump administration.
Dollar and IMF oppress but gold doesn't, Turkish president says
Submitted by cpowell on Tue, 2018-04-17 07:16 Section: Daily DispatchesInternational Loans 'Should Be Based on Gold, Not Dollars,' Erdogan Says
From the Hurriyet Daily News, Istanbul
Monday, April 16, 2018
Turkish President Recep Tayyip Erdogan has suggested that international loans should be contracted based on gold instead of U.S. dollars in order to prevent exchange rate pressure on economies.
Pages
