Daily Dispatches

Alasdair Macleod: Time for a new gold standard for Asia

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1:21p ET Thursday, July 6, 2017

Dear Friend of GATA and Gold:

Former governor of Reserve Bank of India admits gold bothers central banks

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But he thinks the monetary metal may supplant "the outdated global financial architecture."

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Government Should Take Steps to Curb Black Market Deals in Gold: Y.V. Reddy

From the Indo-Asian News Service
via The Times of India, Mumbai
Thursday, July 6, 2017

GoldMoney CEO explains the choice gold offers in currencies and payments

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10a ET Thursday, July 6, 2017

Dear Friend of GATA and Gold:

GoldMoney CEO Roy Sebag is interviewed at length in the June edition of the World Gold Council's Gold Investor letter. He explains how gold gives people a choice of currencies and how GoldMoney strives to make that choice a practical one for both saving and payments.

Philippines central bank admits rigging currency market

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From ABS-CBN News, Quezon City, Philippines
Thursday, July 6, 2017

http://news.abs-cbn.com/business/07/06/17/central-bank-actively-managing...

MANILA -- The Bangko Sentral ng Pilipinas is "actively managing excessive volatility" in the currency market, Governor Nestor Espenilla said today, as the peso hovered at its weakest level against the dollar in a decade.

S. Africa's ruling party may nationalize central bank but leave it independent

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By Olebogeng Molatlhwa and Stbongakonke Shoba
The Times, Johannesburg
Wednesday, July 5, 2017

The African National Congress is mulling the idea of nationalising the South African Reserve Bank but says its independence should be guaranteed.

Mike Kosares: Blinded by the money illusion

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1:12p ET Wednesday, July 5, 2017

Dear Friend of GATA and Gold:

Of course this would never happen with gold -- or no one would ever dare to ask

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Metals Trading Has a Paper Fraud Problem

By Mark Burton
Bloomberg News
Monday, July 3, 2017

For all the high-tech wizardry of modern financial markets, there’s one corner of the commodity world that still depends almost entirely on printed paper -- making it an easy target for crooks.

Tax hike in India could boost illegal bullion, jewelry sales and smuggling

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By Rajendra Jadhav
Reuters
Tuesday, July 4, 2017

MUMBAI -- A hike in taxes on gold sales in India could stoke under-the-counter buying and drive up appetite for precious metal smuggled into the country, where millions of people store big chunks of their wealth in bullion and jewelry.

Russian academic and political leaders listen to Hugo Salinas Price about silver

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4:48p ET Monday, July 3, 2017

Dear Friend of GATA and Gold:

Despite lousy sentiment, gold and silver are doing well this year, Turk tells KWN

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4:15p ET Monday, July 3, 2017

Dear Friend of GATA and Gold:

Gold and silver have done well in the first half of the year despite the terrible sentiment in the monetary metals sector, GoldMoney founder and GATA consultant James Turk tells King World News today, adding that both the monetary meals are in backwardation in the futures markets. Turk's comments are posted at KWN here:

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