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Daily Dispatches
The Philippines -- another rich country insisting on being poor
Submitted by cpowell on Thu, 2015-09-24 23:18 Section: Daily Dispatches11:27p ET Thursday, September 24, 2015
Dear Friend of GATA and Gold:
The New York Times today published an interesting report about an exhibition in Manhattan of artistic gold relics from the Philippines. The first two paragraphs are appended, along with a link to the full report.
Dave Kranzler: The gold supply on the LBMA is extremely tight
Submitted by cpowell on Thu, 2015-09-24 22:41 Section: Daily Dispatches10:40p ET Thursday, September 24, 2015
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics reports tonight that backwardation in gold and silver in the London market indicates tight supplies at current prices.
Pat Heller: What is the risk that delayed physical silver deliveries could default?
Submitted by cpowell on Thu, 2015-09-24 19:31 Section: Daily Dispatches7:30p ET Thursday, September 24, 2015
Dear Friend of GATA and Gold:
In commentary in Coin Week, veteran coin and bullion dealer Patrick A. Heller advises monetary metals buyers how to handle high premiums and delivery delays. Heller's commentary is headlined "What Is the Risk that Delayed Physical Silver Deliveries Could Default?" and it's posted at Coin Week here:
Mistaken for Bundesbank, Deutsche Bank saved on funding costs
Submitted by cpowell on Thu, 2015-09-24 14:57 Section: Daily Dispatches"Mistaken"?
* * *
By Nicholas Comfort
Bloomberg News
Wednesday, September 23, 2015
Deutsche Bank AG has benefited from lower funding costs in part because investors confused it with Germany's central bank, said Stefan Krause, a member of the company's management board.
Chris Giles: In cash we trust -- abolish it and you invite tyranny
Submitted by cpowell on Thu, 2015-09-24 14:49 Section: Daily DispatchesBy Chris Giles
Financial Times, London
Wednesday, September 23, 2015
http://www.ft.com/intl/cms/s/0/ffdb3034-610e-11e5-9846-de406ccb37f2.html
David Bryan: Fed, central banks trapped -- gold is foundation of Exter's Pyramid
Submitted by cpowell on Thu, 2015-09-24 14:03 Section: Daily Dispatches2p ET Thursday, September 24, 2015
Dear Friend of GATA and Gold:
Alasdair Macleod: From ZIRP to NIRP
Submitted by cpowell on Thu, 2015-09-24 13:35 Section: Daily Dispatches1:34p ET Thursday, September 24, 2015
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod today nails the madness of the increasing contemplation by central bankers of a policy of negative interest rates.
Price suppression ends if buyers take delivery, Swiss refiner tells Physical Gold Fund
Submitted by cpowell on Wed, 2015-09-23 21:20 Section: Daily Dispatches9:19p ET Wednesday, September 23, 2015
Dear Friend of GATA and Gold:
Mike Kosares: A note from an old friend and client
Submitted by cpowell on Wed, 2015-09-23 20:17 Section: Daily Dispatches8:15p ET Wednesday, September 23, 2015
Dear Friend of GATA and Gold:
Bron Suchecki: Fractional-reserve bullion banking, Part 3
Submitted by cpowell on Wed, 2015-09-23 11:55 Section: Daily Dispatches11:53a ET Wednesday, September 23, 2015
Dear Friend of GATA and Gold:
In the third installment of his series on fractional-reserve gold banking, Perth Mint research director Bron Suchecki describes how the association formed by London-based bullion banks, London Precious Metals Clearing Ltd., reduces risk among bullion banks and regulates their credit with each other.
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