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Daily Dispatches
For Russia, reducing dependence on U.S. dollar is a matter of security
Submitted by cpowell on Mon, 2017-08-07 19:34 Section: Daily DispatchesFrom RIA / Novosti, Moscow
Monday, August 7, 2017
https://ria.ru/radio_brief/20170807/1499912983.html
The Russian Foreign Ministry said Russia can reduce the economy's dependence on the U.S. dollar and the U.S. monetary and financial system in response to U.S. sanctions. Work in this direction is already underway, monetary affairs expert Alexei Zubets said on Sputnik radio.
Payment in gold bullion banned in UK under new policy against tax evasion
Submitted by cpowell on Mon, 2017-08-07 18:17 Section: Daily DispatchesSuch a policy might be more problematic if applied in the United States and Canada, where, for reasons not entirely clear, government-issued gold and silver coins are imprinted with face values far below their metal values.
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Payment in Gold Bullion Banned Under New Law to Combat Tax Evasion
By Rupert Neate
The Guardian, London
Monday, August 7, 2017
Torgny Persson: How high would gold go if fractional-reserve gold banking failed?
Submitted by cpowell on Mon, 2017-08-07 14:07 Section: Daily Dispatches2:06p ET Monday, August 7, 2017
Dear Friend of GATA and Gold:
Ted Butler: The key test ahead in silver
Submitted by cpowell on Fri, 2017-08-04 10:15 Section: Daily Dispatches10:15a ET Friday, August 4, 2017
Dear Friend of GATA and Gold:
South African gold mine job cuts widen with 16,000 at risk
Submitted by cpowell on Fri, 2017-08-04 09:37 Section: Daily DispatchesSo why doesn't the Reserve Bank of South Africa object to gold price suppression by other central banks?
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By Kevin Crowley and Paul Burkhardt
Bloomberg News
Thursday, August 3, 2017
Dave Kranzler: Western central bank fear of gold is in the air
Submitted by cpowell on Thu, 2017-08-03 19:56 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Thursday, August 3, 2017
Ballooning open interest, heavy fix selling, aggressive post-settlement selling, flash crashes -- this all seems a lot of bother. Perhaps the Other Side is afraid of something.
-– John Brimelow's Gold Jottings.
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Dollar's loss of reserve status will goose monetary metals, Embry tells KWN
Submitted by cpowell on Wed, 2017-08-02 19:38 Section: Daily Dispatches7:40p ET Wednesday, August 2, 2017
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry tells King World News today that the U.S. dollar may become the primary cause of breakouts in gold and silver as the dollar gradually loses its status as the world reserve currency. Embry's comments are excerpted at KWN here:
Izabella Kaminska: Crypto-currencies are mirroring pre-crash banking systems
Submitted by cpowell on Wed, 2017-08-02 09:46 Section: Daily DispatchesBy Izabella Kaminska
Financial Times, London
Tuesday, August 1, 2017
When bitcoin, the crypto currency, first arrived on the scene in 2009 it sold itself on a simple principle.
Ronan Manly: Little transparency in LBMA's London vault report
Submitted by cpowell on Wed, 2017-08-02 07:45 Section: Daily Dispatches7:45a ET Wednesday, August 2, 2017
Dear Friend of GATA and Gold:
This week's report by the London Bullion Market Association about the gold and silver held in London-area vaults brings little transparency to the issue and even contradicts itself, gold researcher Ronan Manly writes today.
LBMA says London vaults hold 7,500 tonnes of gold
Submitted by cpowell on Mon, 2017-07-31 14:38 Section: Daily DispatchesRevealed: Just How Much Gold Is in London's Vaults
By Jon Yeomans
The Telegraph, London
Monday, July 31, 2017
London has long been acknowledged as the biggest gold trading centre in the world, but no one has ever been able to say for sure how much gold is stored in the capital -- until now.
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