Daily Dispatches

Why Indian government's schemes to kill gold have failed

Submitted by cpowell on Wed, 2017-05-17 19:48 Section: Daily Dispatches

By Shishir Asthana
MoneyControl.com, Mumbai, India
Wednesday, May 17, 2017

One area where this government doesn’t seem to want to learn from its mistakes is gold schemes. Its fixation with launching these schemes despite repeated failures makes one wonder if it is pride that stands in the way of accepting that these have been duds.

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Zimbabwe contemplates restoring its own currency with gold backing

Submitted by cpowell on Tue, 2017-05-16 09:10 Section: Daily Dispatches

At least until the International Monetary Fund finds out.

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Gold Reserves to Anchor Local Currency

By Walter Nyamukondiwa
The Herald, Harare, Zimbabwe
Tuesday, May 16, 2017

The government is working on a plan to establish a gold reserve to anchor the introduction of a local currency when the right time comes for the return to the Zimbabwe dollar, it has been learnt.

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India is working with World Gold Council to create a spot exchange

Submitted by cpowell on Mon, 2017-05-15 22:21 Section: Daily Dispatches

By Eddie Van Der Walt and Swansy Afonso
Bloomberg News
Monday, May 15, 2017

The World Gold Council is working with the Indian government on plans to create a local physical spot-gold exchange that may start up as soon as next year.

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Off-exchange settlement of gold futures hints at short squeeze, Turk tells KWN

Submitted by cpowell on Mon, 2017-05-15 18:23 Section: Daily Dispatches

6:24p ET Monday, May 15, 2017

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk, interviewed today by King World News, describes indications of a short squeeze in gold, starting with an increase of off-exchange settlement of futures contracts. "It now looks like we are very close to the tipping point," Turk says. His comments can be found at KWN here:

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FT worries about a bubble in ... bitcoin

Submitted by cpowell on Mon, 2017-05-15 13:24 Section: Daily Dispatches

Bitcoin's Surge Fuels Fears of Asset Bubble

By Izabella Kaminska and Paul Murphy
Financial Times, London
Sunday, May 14, 2017

Sky-high valuations for bitcoin have helped the value of crypto-currencies burst through $50 billion, raising fears of an asset bubble in the unregulated market.

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In KWN interview, Embry scoffs at claims that inflation is low

Submitted by cpowell on Mon, 2017-05-15 12:25 Section: Daily Dispatches

12:26p ET Monday, May 15, 2017

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry, interviewed today by King World News, scoffs at assertions that inflation is low.

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Mark O'Byrne: Cyber attacks show vulnerability of digital systems and digital currencies

Submitted by cpowell on Mon, 2017-05-15 10:51 Section: Daily Dispatches

By Mark O'Byrne
GoldCore.com, Dublin
Monday, May 15, 2016

The threat posed by cyber attacks, cyber terrorism, and cyber war to our increasingly complicated, technologically dependent financial system is something we have covered numerous times and becomes more clear by the day. ...

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Dave Janda of 'Operation Freedom' interviews GATA Chairman Murphy

Submitted by cpowell on Mon, 2017-05-15 06:56 Section: Daily Dispatches

6:57a ET Monday, May 15, 2017

Dear Friend of GATA and Gold:

"Operation Freedom" radio talk show host Dave Janda of WAAM-AM1600 in Ann Arbor, Michigan, interviewed GATA Chairman Bill Murphy on Sunday, discussing the manipulation of the monetary metals market. The interview is 23 minutes long and can be heard at Janda's internet site here: