Long-deposed monarchs' money is still good


6:05p ET Monday, November 12, 2018

Dear Friend of GATA and Gold:

Coin and bullion dealer USAGold's November News & Views letter has been posted, with reports on central bank gold demand, record bullion bank short positions in the monetary metals, gold price predictions, and an insightful quotation from Confucius:


Banque de France wants Paris to compete with London for gold trade


Macron Tries to Take UK's Gold Crown as Historic Rivalry Is Reborn

By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, November 11, 2018


Gold confiscation is an urgent threat, Greyerz tells KWN


9:32p ET Sunday, November 11, 2018

Dear Friend of GATA and Gold:

Swiss gold fund manager Egon von Greyerz, interviewed today by King World News, notes that gold confiscation is not a "barbarous relic" of history but an urgent threat to gold investors, what with the Bank of England refusing to repatriate Venezuela's gold.

... Dispatch continues below ...

BMG's Brandon White: Confession by ex-Morgan trader vindicates GATA


9:41p Friday, November 9, 2018

Dear Friend of GATA and Gold:

Brandon White of bullion dealer BMG in Canada, commenting in his "This Week in 3 Minutes" video, remarks that this week's confession to gold and silver market rigging by a former trader for JPMorganChase --


-- is vindication for GATA.

Deutsche, other bullion banks seeking insurance with physical gold, Maguire tells KWN


12:07p ET Friday, November 9, 2018

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire, interviewed today by King World News, says Deutsche Bank and other bullion banks are buying large amounts of physical gold in pursuit of insurance against the bursting of market bubbles that were inflated in part by shorting gold. Maguire's interview is excerpted at KWN here:

With BIS intervention rising sharply in October, gold price stalled


By Robert Lambourne
Friday, November 9, 2018

After falling in August and September, intervention in the gold market by the Bank for International Settlements via gold swaps increased substantially in October, according to the bank's monthly statement of account, published this week:


Big investors sue 16 banks in U.S. over currency market rigging


By Jonathan Stempel
Wednesday, November 7, 2018

NEW YORK -- A group of large institutional investors including BlackRock Inc. and Allianz SE's Pacific Investment Management Co. has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market.

Bank of England stalls return of Venezuela's gold


This should clean out the rest of the Bank of England's custodial gold PDQ.

* * *

Maduro Scrambles to Bring Venezuela's Gold Back from the UK

By Stephen Gibbs
The Times, London
Wednesday, November 7, 2018

Ted Butler: A crack in the dike


10:32a ET Thursday, November 8, 2018

Dear Friend of GATA and Gold:

Dumping the dollar, Iran and South Korea agree to cross-currency trade


From Russia Today, Moscow
Wednesday, November 7, 2018

South Korea and Iran have agreed to switch to national currencies in trade exchanges as the sides aim to strengthen relations despite the U.S. sanctions on Tehran.

The agreement is of great importance to both countries, Yonhap News Agency reported, explaining that the deal indicated Korea's concerns about relations with Iran.