Daily Dispatches

Utah coin dealer accused of fraud in $170 million Ponzi scheme involving silver

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By Jessica Miller
Salt Lake Tribune
Friday, November 16, 2018

A federal judge has frozen the assets of a Utah rare-coin dealer after state officials accused the business of defrauding hundreds of people in a precious-metals Ponzi scheme.

A civil complaint was filed Thursday by the Securities and Exchange Commission against Gaylen Dean Rust and his company, Rust Rare Coin Inc.

Brandon White: Gold remonetization is much closer than many realize

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7:58p ET Thursday, November 15, 2018

Dear Friend of GATA and Gold:

The financial world doesn't seem to have realized it yet, Brandon White of bullion dealer BMG Group in Canada writes today for Palisade Research, but gold already has been remonetized by central banks as the ultimate risk-free asset, money without counterparty risk.

Bank of England's withholding Venezuela's gold may signal shortage in London, Murphy says

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7:48p ET Thursday, November 15, 2018

Dear Friend of GATA and Gold:

Cheating Venezuela, Bank of England tempts other nations to withdraw their gold

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1:20p ET Thursday, November 11, 2018

Dear Friend of GATA and Gold:

Craig Hemke at Sprott Money: Here comes another squeeze of gold shorts

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3:47p ET Wednesday, November 14, 2018

Dear Friend of GATA and Gold:

Having lured fund managers into shorting gold futures by pushing the price below the 50-day moving average, bullion banks are about to trigger a short squeeze by yanking the price up again, according to the TF Metals Report's Craig Hemke, writing at Sprott Money.

What a world: 'Sultan of Coins' is hanged but Jamie Dimon and Blythe Masters live

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Iran Hangs Gold Coin 'Sultan' in Crackdown After U.S. Sanctions

By Ladane Nasseri
Bloomberg News
Wednesday, November 14, 2018

Iran executed a gold dealer known as the "Sultan of Coins" in a warning to merchants not to exploit the country's financial troubles as U.S. sanctions squeeze the economy.

Times of India celebrates central bank's buying gold, selling treasuries

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Rising Gold Price Vindicates RBI's Investment Plan

By Gayatri Nayak
The Times of India, Mumbai
Monday, November 12, 2018

MUMBAI -- The Reserve Bank of India's gold purchase plan seems to be paying off as the monthly valuation gains have touched an eight-month high with investor demand for a safe haven rallying the yellow metal.

French president says euro is not yet an alternative to U.S. dollar

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By Geraldine Amiel and Helene Fouquet
Bloomberg News
Sunday, November 11, 2018

French President Emmanuel Macron said that the euro is not "a clear alternative" to the dollar thanks to the U.S. currency's international "strengths."

GoldCore seeks to capitalize on Brexit with Dublin gold vault

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From Reuters
Tuesday, November 13, 2018

Gold broker and storage company GoldCore said today it had opened a gold vault in Dublin, aiming to attract investors looking for an alternative to London after Brexit.

Dublin-based GoldCore, which set up the facility in partnership with security firm Loomis International, said it was Ireland's first institutional-grade vault.

Mining shares have never been cheaper relative to metal, GATA chairman says

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11:59a ET Tuesday, November 13, 2018

Dear Friend of GATA and Gold:

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