Daily Dispatches

25% of physical gold buyers are crazy, metals executive says

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At least they haven't been charged by the government of Quebec with tax fraud:

http://business.financialpost.com/2013/12/09/kitco-metals-among-gold-tra...

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From CNN, Atlanta
Thursday, February 12, 2015

Sweden cuts rates below zero as currency wars spread

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By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, February 12, 2015

Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe's escalating currency wars.

India smugglers, and their bodies, take a break from gold

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By Swansy Afonso
Bloomberg News
Wednesday, February 11, 2015

MUMBAI, India -- In the two years since India took steps to pare gold imports, people used all sorts of tricks as the smuggling business boomed -- from simply tucking the metal under a turban to jamming it up their rectums.

That illegal trade, though, is fading now.

Central banks are boosting their gold reserves

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"The government doesn't care about gold. ... They don't care about its price." -- Doug Casey, February 11, 2015.

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By Eddie Van Der Walt and Nicholas Larkin
Bloomberg News
Thursday, February 12, 2015

LONDON -- Central banks purchased enough gold in 2014 to buy 75 Boeing Co. Dreamliners.

Doug Casey's omniscience vs. the many records of gold price suppression

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4:19p ET Wednesday, February 11, 2015

Dear Friend of GATA and Gold:

Doug Casey, founder of Casey Research, may be admired for his omniscience anyway. In an interview today with Dan Steinhart of The Casey Report --

http://www.caseyresearch.com/cdd/doug-casey-on-isis-gold-oil-and-what-to...

Gold miners are on the hunt for assets as prices climb

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By Jesse Riseborough, Kevin Crowley, Thomas Biesheuvel
Bloomberg News
Wednesday, February 11, 2015

Gold producers with cash on hand are on the hunt for cheap mining assets as rising prices drive shares higher.

Swiss bank says investors favor gold amid charges on cash

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By Giles Broom
Bloomberg News
Wednesday, February 11, 2015

GENEVA, Switzerland -- Investors are buying more gold as an alternative to hold Swiss franc cash deposits, according Vontobel Holding AG, a Swiss bank and wealth manager.

New York Sun: Richard Fisher's next job?

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From the New York Sun
Wednesday, February 11, 2015

In Canada too, clamor for the banks to get out of the governing business

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10:53p ET Tuesday, February 10, 2015

Dear Friend of GATA and Gold:

What's left of Canada's Social Credit movement has brought a lawsuit challenging the operation of the country's monetary and banking systems, and apparently the powers that be are having a hard time getting the lawsuit dismissed.

Low gold price causes Kinross to shelve expansion of African mine

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Kinross Decides Not to Expand Tasiast Gold Mine in Africa

By Nicole Mordant
Reuters
Tuesday, February 10, 2015

VANCOUVER, British Columbia, Canada -- Kinross Gold Corp. will not go ahead with a $1.6 billion expansion of its Tasiast mine in Africa's northwest because of the weak gold price, the Toronto-based miner said today as it reported an unexpected fourth-quarter loss.

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