Daily Dispatches

Gold-backed cryptocurrency planned by Perth Mint to entice investors back to metals

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By Tara de Landgrafft
Australian Broadcasting Corp., Sydney
Tuesday, January 23, 2018

Australia's biggest gold refiner, the Perth Mint, is developing its own cryptocurrency backed by physical precious metals.

The ambitious plan, which is subject to a confidentiality agreement, will make it easier for consumers to buy gold.

Trace Mayer: Bitcoin can become a reserve asset

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By Valentin Schmid
The Epoch Times, New York
Friday, January 19, 2018

After the spectacular run-up in bitcoin in 2017, there are many people who claim to be "early" bitcoin investors -- early meaning 2013 or even as late as 2016.

China plans to rescue any big bank

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China Promises Bank Rescue in Next Crisis as Market Prophets Warn on Rising US Rates

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, January 23, 2018

China's financial regulator has vowed to rescue the Chinese banking system immediately to avert a banking crisis when the bubble bursts, issuing a blanket guarantee that no major institution will be allowed to fail.

LBMA hopes that blockchain can track everybody's gold

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Gold Market Mulling Blockchain for $200 Billion of Supply

By Eddie Van Der Walt and Ranjeetha Pakiam
Bloomberg News
Tuesday, January 23, 2018

Gold is going digital.

As Asia takes over gold trade, World Gold Council considers standard for kilobars

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By Pratima Desai
Reuters
Monday, January 22, 2018

LONDON -- The World Gold Council is studying the creation of a global standard for gold kilobars so they can be deployed as collateral in futures markets and potentially encourage demand, sources close to the matter said.

USA Gold's Mike Kosares starts free daily letter on gold and silver markets

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12:25p ET Monday, January 22, 2018

Dear Friend of GATA and Gold:

Mike Kosares of USA Gold in Colorado, whose commentaries GATA often calls your attention, today starts a free daily letter analyzing the gold and silver markets and related markets. The headline of the first edition is "Does It Matter If the U.S. Government Shuts Down?" and it's posted at USA Gold here:

Bill Murphy: The gold cartel, sex scandals, and GATA

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11:47a ET Monday, January 22, 2018

Dear Friend of GATA and Gold:

Gold-backed and convertible cryptocurrency planned by Sprott

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12:56p ET Sunday, January 21, 2018

Dear Friend of GATA and Gold:

Rick Rule, president of Sprott U.S. Holdings, interviewed this week by the Financial Survival Network's Kerry Lutz, disclosed that in a few days Sprott plans to introduce a cryptocurrency that is backed by gold and convertible into metal vaulted at the Royal Canadian Mint in Ottawa.

Klondike Gold sponsors GATA reception Monday in Vancouver

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12:48p ET Sunday, January 21, 2018

Dear Friend of GATA and Gold:

Klondike Gold Corp., which is exploring the Lone Star gold target near Dawson City in Canada's Yukon Territory --

http://www.klondikegoldcorp.com/

If buying bitcoin was 'gambling,' its profits are tax-free in UK

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The Tax-Free Bitcoin Loophole that Could Cost UK Treasury Millions

By Katie Morley
The Telegraph, London
Saturday, January 20, 2018

A tax loophole that reduces bitcoin investors' gains to zero will be exploited by people filling in their returns for this tax year, potentially creating millions in lost revenue for the government, experts have warned.

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