Daily Dispatches

Treasury Sets Eye on 2,200 Tons of Gold ‘Kept under Mattresses'

From Hurriyet Daily News, Istanbul
Monday, September 18, 2017

ANKARA, Turkey -- The Turkish Treasury will issue two types of bonds to attract into the economy 2,200 tons of gold stashed under mattresses, which has a market value of around 300 billion Turkish Liras, Deputy Prime Minister Mehmet Simsek has said.

By Dennis Gartman
The Gartman Letter
Monday, September 18, 2017

https://www.thegartmanletter.com/

China Widens Bitcoin Crackdown Beyond Commercial Trading

By Chao Deng
The Wall Street Journal
Monday, September 18, 2017

BEIJING -- Chinese authorities are moving toward a broad clampdown on bitcoin trading, testing the resilience of the virtual currency as well as the idea its decentralized nature protects it from government interference.

By Deepshikha Sikarwar
The Times of India, Mumbai
Sunday, September 17, 2017

A big spike in gold imports from countries with which India has trade agreements has caused alarm in the government, which now plans to exclude the yellow metal from such agreements in the future.

By Saikat Chatterjee
Reuters
Sunday, September 17, 2017

LONDON -- Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, the Bank for International Settelments said today.

10:40a ET Sunday, September 17, 2017

Dear Friend of GATA and Gold:

You're being robbed -- as part of the greatest financial crime in U.S. history.

The worst part: You and your family will be the victims.

The good part: There is a way to protect yourself. And I can guarantee that it will also deliver you a four-for-one profit.

You know all about this scandal.

From the Press Trust of India
via The Times of India, Mumbai
Sunday, September 17, 2017

The country's gold imports recorded a three-fold jump to $15.24 billion during the April-August period of the current fiscal period, commerce ministry data showed.

Gold imports, which have a bearing on the country's current account deficit, stood at $5.08 billion from April to August 2016-17.

10a ET Sunday, September 15, 2017

Dear Friend of GATA and Gold:

Bullion Star this week presents a primer on gold demand in China, arguing that it is far larger than the demand calculated by the World Gold Council. Bullion Star's report is headlined "Gold Demand within the Chinese Gold Market" and it's posted here:

9:48a ET Sunday, September 17, 2017

Dear Friend of GATA and Gold:

In his September market letter, Doug Pollitt of Pollitt & Co. in Toronto identifies bitcoin's weaknesses and concludes that the crypto-currency is useful mainly for speculation even as it indicates the growing madness of the world financial system.

2:10p ET Friday, September 15, 2017

Dear Friend of GATA and Gold: