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Daily Dispatches
Judy Shelton: Capitalism needs a sound-money foundation
Submitted by cpowell on Thu, 2009-02-12 08:44 Section: Daily DispatchesBy Judy Shelton
The Wall Street Journal
Thursday, February 12, 2009
http://online.wsj.com/article/SB123440593696275773.html?
Let's go back to the gold standard.
China said sticking with U.S. bonds despite depreciation
Submitted by cpowell on Wed, 2009-02-11 21:06 Section: Daily Dispatches9:07p ET Wednesday, February 11, 2009
Dear Friend of GATA and Gold:
A Chinese government banking official was quoted by the Financial Times today, in the story appended here, as saying that his country has no alternative to continuing its purchases of U.S. Treasury bonds even as China knows that those bonds will only depreciate.
Rob Kirby: U.S. oil swap likely triggered plunge in prices
Submitted by cpowell on Wed, 2009-02-11 19:57 Section: Daily Dispatches7:52p ET Wednesday, February 11, 2009
Dear Friend of GATA and Gold:
IMF insists it will sell gold someday
Submitted by cpowell on Wed, 2009-02-11 17:52 Section: Daily DispatchesIMF Confirms Plans to Sell 403 Tonnes of Gold
By Jan Harvey
Reuters
Wednesday, February 11, 2009
http://in.reuters.com/article/domesticNews/idINLB54061420090211
LONDON -- The International Monetary Fund said it does not intend to alter plans to sell just over 400 tonnes of gold to fund changes to its financing base, an IMF spokeswoman said on Wednesday.
Banks' toxic debts risk overwhelming EU governments
Submitted by cpowell on Wed, 2009-02-11 14:17 Section: Daily DispatchesBy Ambrose Evans-Pritchard and Bruno Waterfield
The Telegraph, London
Wednesday, February 11, 2009
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4593539/...
Russia's biggest bank notes surging demand for gold
Submitted by cpowell on Wed, 2009-02-11 14:10 Section: Daily DispatchesBy Dmitry Sergeyev
Reuters
Wednesday, February 11, 2009
http://uk.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idU...
MOSCOW -- Russia's biggest lender, Sberbank, saw retail precious metal accounts double in 2008 as people rushed to protect their savings in a time of financial and economic crisis, a bank official said on Wednesday.
Bank of England pledges to cover country with cash
Submitted by cpowell on Wed, 2009-02-11 12:26 Section: Daily DispatchesKing Says UK in Deep Recession, Pledges More Easing
By Svenja O'Donnell and Brian Swint
Bloomberg News
Wednesday, February 11, 2009
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMxgEGM0k8co&refer=home
Anybody seen the IMF's gold?
Submitted by cpowell on Wed, 2009-02-11 11:31 Section: Daily Dispatches11:30a ET Wednesday, February 11, 2009
Dear Friend of GATA and Gold:
China said to need guarantees for Treasuries
Submitted by cpowell on Wed, 2009-02-11 01:27 Section: Daily DispatchesBy Belinda Cao and Judy Chen
Bloomberg News
Wednesday, February 11, 2009
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXWQEydhsoUI&
BEIJING -- China should seek guarantees that its $682 billion holdings of U.S. government debt won't be eroded by "reckless policies," said Yu Yongding, a former adviser to the central bank.
Scenes from Cambridge House's reception for GATA in Vancouver
Submitted by cpowell on Tue, 2009-02-10 23:05 Section: Daily Dispatches11p ET Tuesday, February 10, 2009
Dear Friend of GATA and Gold:
Our friend the photographer Alan Katowitz (www.alankatowitz.com) took some photos at the reception Cambridge House International held for GATA during the Vancouver Resource Investment Conference on Sunday evening, January 25, and a couple of them have been posted at GATA's Internet site.
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