Hyperinflation, free electricity fuel crypto-mining boom in Caracas

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There's a Crypto-Mining Machine in Every Home in Caracas

By Daniel Cancel
Bloomberg News
Friday, May 25, 2018

CARACAS, Venezuela -- Crypto fever may have cooled across much of the globe, but don't tell that to folks here. They're mining coins like crazy.

Europeans in Iran bitterly denounce U.S. as 'Caesar' amid new sanctions

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By Thomas Erdbrink
The New York Times
Saturday, May 26, 2017

TEHRAN, Iran -- After the landmark nuclear agreement of 2015, hundreds of European, Asian and even American companies rushed to enter Iran's largely untapped market of 80 million people, assured by the United States and the other signatories that their investments would be safe for at least a decade.

Erdogan calls on Turks to convert dollars and euros into their own nation's currency

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From Hurriyet Daily News, Istanbul
Saturday, May 26, 2018

ERZURUM, Turkey -- Turkish President Recep Tayyip Erdogan called on Turkey's citizens today to convert their dollar and euro savings into lira, as he sought to bolster the ailing currency which has lost some 20 percent of its value against the U.S. currency this year.

Northern Dynasty sinks along with financing deal with First Quantum

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By Danielle Bochove
Bloomberg News
Friday, May 25, 2018

Northern Dynasty Minerals Ltd. plummeted Friday after the collapse of a pact with First Quantum Minerals Ltd. to finance the controversial Pebble mining project in Alaska.

Turkey's election angst is driving up demand for gold coins

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By Cagan Koc, Rupert Rowling, and Eddie van der Walt
Bloomberg News
Friday, May 25, 2018

With just a month until elections, shopkeepers at Turkey's biggest bazaar say they're seeing a jump in demand for gold coins.

Brandon White: Five developments this week in the transition to a gold-based monetary system

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10:15p ET Friday, May 25, 2018

Dear Friend of GATA and Gold:

In his "This Week in Three Minutes" video commentary, Brandon White of bullion dealer BMG Management Group in Toronto describes five developments in the last week that indicate the world's transition away from a financial system based on the U.S. dollar to a system based in part on gold. White's commentary can be viewed here:

Part 4 from 'American Default': Victory in gold battle saved the New Deal

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1:44p ET Friday, May 25, 2018

Jim Rickards: 'Axis of Gold' readies gold-based payment system to evade U.S. control

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The Axis of Gold Will Drive Gold Higher by the End of 2018

By James G. Rickards
The Daily Reckoning, Baltimore, Maryland
Thursday, May 24, 2018

Part 3 from 'American Default': If gold won't go up, push the dollar down

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8:10p ET Thursday, May 24, 2018

Dear Friend of GATA and Gold:

London Metal Exchange to launch yuan-denominated futures in sign of Chinese currency's growing cachet

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By Enoch Yiu
South China Morning Post, Hong Kong
Monday, May 21, 2018

The London Metal Exchange is planning to introduce yuan-denominated metal products, according its chief executive, a sign the currency’s status in international finance is on the rise.