Daily Dispatches

India should allow banks to hold gold as reserves, World Gold Council report says

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By Meenakshi Sharma and A. Ananthalakshmi
Reuters
Tuesday, December 9, 2014

India should allow banks to use gold as part of their liquidity reserves, which would let them make more use of gold inside the country and reduce the need for imports, an industry body said today, seeing that as an alternative to import curbs.

India should subordinate itself to London fix, World Gold Council report says

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Bullion Board Seen by World Gold Council as Way to Manage India Gold Demand

By Swansy Afonso
Bloomberg News
Tuesday, December 9, 2014

MUMBAI, India -- India, the world's largest gold consumer after China, should start a bullion board to regulate trade and a spot exchange to offer uniform prices across the country, the World Gold Council said.

Central banks manipulate gold interest rates too, Turk tells KWN

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11:40a CET Tuesday, December 9, 2014

Dear Friend of GATA and Gold:

GATA secretary talks with Max Keiser about gold's possible return to the world financial system

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11:20a CET Tuesday, December 9, 2014

Dear Friend of GATA and Gold:

In another edition of Russia Today's "Keiser Report" program, your secretary/treasurer discusses with Max Keiser the possible return of gold to the world financial system -- Russia's interest in such a return and the longstanding United States policy against it. The segment begins at the 12:30 mark at YouTube here:

Embry cites phony spin from news organizations about job numbers, oil prices

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11:38p CET Monday, December 8, 2014

Dear Friend of GATA and Gold:

Phony spin permeates the news media about U.S. economic data, Sprott Asset Management's John Embry tells King World News today, citing employment reports and analysis of the benefits of oil's price decline. An excerpt from the interview is posted at the KWN blog here:

Bank of England's former deputy governor misleads about gold and credit creation

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11:25p CET Monday, December 8, 2014

Dear Friend of GATA and Gold:

Koos Jansen calculates year-to-date Chinese gold imports at 1,212 tonnes

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10:17p CET Monday, December 8, 2014

Dear Friend of GATA and Gold:

Bullion Star market analyst and GATA consultant Koos Jansen calculates net Chinese wholesale gold imports for the first 11 months of the year at 1,212 tonnes, with demand remaining strong. Jansen also disputes recent gold demand data reported by Bloomberg. His commentary is posted at Bullion Star here:

RT's 'Keiser Report' interviews GATA secretary about gold price suppression

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4:26p GMT Sunday, December 7, 2014

Dear Friend of GATA and Gold:

Your secretary/treasurer was interviewed last week about gold price suppression by Max Keiser on the Russia Today network's "Keiser Report" program. The interview is about 13 minutes long and begins at the 15:35 mark at YouTube here:

https://www.youtube.com/watch?v=75OyloKQzbo

CHRIS POWELL, Secretary/Treasurer

Currency ties key to dollar reserve hegemony, BIS study says

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By Patrick Graham
Reuters
Sunday, December 7, 2014

LONDON -- Changes in the size of a loosely defined global "dollar zone" could lead to faster than expected shifts in the composition of world currency reserves, potentially eroding the role of the U.S. unit, said a study published on Sunday.

The study, part of a quarterly review by the Bank for International Settlements --

Alex Stanczyk: There is no such thing as a gold shortage

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12:56p GMT Saturday, December 6, 2014

Dear Friend of GATA and Gold:

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