Mongolia's central bank launches campaign to increase gold reserves

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From Xinhua News Agency, Beijing
Tuesday, June 5, 2018

http://www.xinhuanet.com/english/2018-06/06/c_137232904.htm

ULAN BATOR, Mongolia -- The Bank of Mongolia said today it has launched a campaign called "National Gold to the Fund of Treasures" within the framework of the "Gold-2" national program.

Too much gold around the house? Store it at Texas' new precious metals depository

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By Jackie Wang and Brianna Stone
Dallas Morning News
Wednesday, June 6, 2018

AUSTIN, Texas -- Texans who have long stored gold and precious metals elsewhere can bring the bling back to their home state. The country's first state-administered precious metals depository, the Texas Bullion Depository, officially opened Wednesday in Austin.

Clive Crook: Let's watch the Swiss get radical and see what happens

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By Clive Crook
Bloomberg News
Wednesday, June 6, 2018

This Sunday Swiss voters will decide whether to try what may be the boldest financial experiment ever contemplated -- dismantling their orthodox banking system and building a new one based on so-called sovereign money, or Vollgeld.

Swiss social insurance pension fund drops paper claims, takes gold bars instead

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The fund cited here is the primary Swiss government social insurance pension fund.

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Swaps Swapped: Switzerland's AHV Moves into Physical Gold

By Barbara Ottawa
Investment Pensions & Europe, London
Tuesday, June 5, 2018

Switzerland's AHV/AVS fund is shifting to physical gold for the commodity exposure in its SwFr35.2 billion (E30.5 billion, $35.6 billion) portfolio.

Scotiabank to scrap half its metals business, sources tell Reuters

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By Peter Hobson
Reuters
Wednesday, June 6, 2018

LONDON -- Canada's Bank of Nova Scotia (Scotiabank) is limiting lending by its ScotiaMocatta metals unit as it embarks on a radical restructuring likely to halve the size of the business, sources familiar with the matter said.

Robert Lambourne: BIS intervention in gold remained steady in May

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By Robert Lambourne
Wednesday, June 6, 2018

The Bank for International Settlements has published its May statement of account, giving limited information on its use of gold swaps and other gold-related derivatives during the month:

https://www.bis.org/banking/balsheet/statofacc180531.pdf

Christopher Belding: China is rigging all currency and asset prices ...

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... and only pretending to have markets.

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China's Not Feeling the Yuan Market Love

The Hand of the Government is the Only Certainty in This Currency Puzzle

By Christopher Balding
Bloomberg News
Tuesday, June 5, 2018

https://www.bloomberg.com/view/articles/2018-06-04/china-s-not-feeling-t...

Nicholas Biezanek: Whatever 'exchange for physicals' do, they're not taking London gold

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10:57p ET Monday, June 4, 2018

Dear Friend of GATA and Gold:

South African market analyst Nicholas Biezanek reports that whatever is represented by the explosive increase in use of the "exchange for physicals" mechanism to settle gold and silver contracts on the New York Commodities Exchange represents, it is not drawing down the inventory of metal vaulted in London.

Member of UK Parliament inquires about gold and silver market rigging

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10:18a ET Monday, June 4, 2018

Dear Friend of GATA and Gold:

A member of the British Parliament, Jeremy Lefroy, wrote last week to the country's treasury department about manipulation of the gold and silver markets.

The exchange was publicized today by Rory Hall of the Daily Coin.

J.P. Koning: Gold and the monetary blockade on Iran

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10:13p ET Sunday, June 3, 2018

Dear Friend of GATA and Gold: