Daily Dispatches

Chris Martenson: The screaming fundamentals for owning gold

Submitted by cpowell on Wed, 2015-12-09 15:17 Section: Daily Dispatches

3:15p ET Wednesday, December 9, 2015

Dear Friend of GATA and Gold:

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Bron Suchecki: China accelerates gold reserves accumulation

Submitted by cpowell on Wed, 2015-12-09 11:46 Section: Daily Dispatches

11:49a ET Wednesday, December 9, 2015

Dear Friend of GATA and Gold:

China's recent announcements of additions to the gold reserves held by the People's Bank of China suggest an acceleration in gold accumulation, the Perth Mint's Bron Suchecki writes today.

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Steve Forbes: The New York Times' leaden analysis of gold

Submitted by cpowell on Wed, 2015-12-09 11:28 Section: Daily Dispatches

By Steve Forbes
Forbes.com
Wednesday, December 9, 2015

The New York Times recently ran an article trashing the idea of a return to a gold standard:

http://www.gata.org/node/15986

A growing number of Republicans, including presidential hopeful Sen. Ted Cruz, advocate fixing the value of the dollar to gold.

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Australian police raid Sydney home of reported bitcoin creator

Submitted by cpowell on Wed, 2015-12-09 08:45 Section: Daily Dispatches

By Byron Kaye and Colin Packham
Reuters
Wednesday, December 9, 2015

SYDNEY, Australia -- Australian police raided Wednesday the Sydney home and office of a man named by Wired magazine as the probable creator of bitcoin and holder of hundreds of millions of dollars worth of the cryptocurrency, Reuters witnesses said.

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Bank of Canada wants to be ready with negative rates just in case

Submitted by cpowell on Tue, 2015-12-08 15:21 Section: Daily Dispatches

Bank of Canada Willing to Resort to Below-Zero Interest Rate in Major Economic Crisis, Poloz Says

By Drew Hasselback
National Post, Toronto
Tuesday, December 8, 2015

TORONTO, Canada -- The Bank of Canada would be willing to cut its benchmark interest rate to below zero percent if the country is faced with a major economic shock, says Stephen Poloz, governor of the Bank of Canada.

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India's gold dealers and jewellers plan physical gold exchange

Submitted by cpowell on Tue, 2015-12-08 11:42 Section: Daily Dispatches

Indian Industry Group to Launch First Physical Gold Exchange

By Rajendra Jadhav
Reuters
Tuesday, December 8, 2015

MUMBAI, India -- A bullion association in India is planning to launch the country's first physical gold trading exchange, in an attempt to bring transparency to the market for the precious metal in the world's second biggest consumer.

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Anglo American cuts dividend and 85,000 jobs in 'radical' restructuring

Submitted by cpowell on Tue, 2015-12-08 11:34 Section: Daily Dispatches

It's OK. The company and all South Africa are happy to sacrifice through commodity price suppression to help maintain living standards in more developed countries.

* * *

By Jon Yeomans
The Telegraph, London
Tuesday, December 8, 2015