Daily Dispatches

China's gold accumulation goes far beyond the vaults, Future Money Trends notes

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11:25p ET Monday, May 18, 2015

Dear Friend of GATA and Gold:

A seven-minute video produced by Future Money Trends notes that China's gold accumulation extends far beyond the vaulting of refined metal -- that China is accumulating even more gold by purchasing mining properties around the world. The video is posted at You Tube here:

Turk expects seizure of Greek bank deposits to trigger gold and silver breakout

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10:30p ET Monday, May 18, 2015

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk tells King World News today that he still thinks Greece will be the trigger for breakouts for gold and silver as the European Central Bank ends up seizing Greek bank deposits just as bank deposits in Cyprus were seized. Turk's interview is posted at the KWN blog here:

USA Watchdog interviews Hugo Salinas Price on preserving your savings

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9:52p ET Monday, May 18, 2015

Dear Friend of GATA and Gold:

'Informal' mining means gold price is too low to protect miners, environment

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Open-Pit Gold Mine Collapse in Guyana Traps 10 Miners

From The Associated Press
Via ABC News, New York
Monday, May 18, 2015

http://abcnews.go.com/International/wireStory/open-pit-gold-mine-collaps...

GEORGETOWN, Guyana -- An open-pit gold mine in remote southern Guyana has collapsed and buried up to 10 miners in debris.

Book review: 'The Floating Kilogram' -- the Federalist Papers for a gold standard

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By Ralph Benko
Forbes
Monday, May 18, 2015

It's metal fundamentals vs. open interest again, Embry tells KWN

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11:25a ET Monday, May 18, 2015

Dear Friend of GATA and Gold:

PwC’s New York Fed hire said to spur secrecy concerns at Goldman

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Robert Schmidt and Ian Katz
Bloomberg News
Monday, May 18, 2015

The New York Federal Reserve's lead supervisor of Goldman Sachs Group Inc. has quit for a job advising other financial firms, triggering concerns within the Wall Street bank that some of its business secrets might not stay so secret.

'Central banks aren't trading the gold market the way they used to'

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Traders Warn on Gold Liquidity

By Henry Sanderson
Financial Times, London
Monday, May 18, 2015

A few years ago London's precious metals traders would arrive at their desks to find the phones flashing. On the other end of the line were rival banks looking to buy and sell gold. Today the trading floors are a lot quieter.

Save the rhinos: Create a futures market for their horns and have the NY Fed short it

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At $60,000 a Pound, Illegal Rhino Horn Declared More Valuable than Gold, Diamonds, and Cocaine

By Jennifer Harper
The Washington Times
Sunday, May 17, 2015

Could a human hankering for exotic elixirs, curatives, and aphrodisiacs turn rhino horn into a $20 billion-a-year industry and take out an entire species of animals at the same time?

To central bankers, these deaths are just collateral damage of currency market rigging

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Buried Alive: Young Liberians Risk All in Deadly Mines

By Zoom Dosso
Agence France-Presse
via Yahoo News, New York
Sunday, May 17, 2015

DARK FOREST, Liberia -- Peter Kollie was digging for gold in the forests of southeastern Liberia when the deep shaft he had carved out of the earth collapsed, turning into a dark, airless tomb.

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