Daily Dispatches

Hong Kong turmoil sends gold investors to seek haven in Singapore

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By Ranjeetha Pakiam
Bloomberg News
Monday, August 19, 2019

Escalating political turmoil in Hong Kong is spooking some gold investors.

India's central bank demands more enthusiasm for gold paperizing campaign

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Scheme on Gold Monetisation to Get More Teeth

By Ram Sahgal
The Times of India, Mumbai
Monday, August 19, 2019

The Reserve Bank of India's direction to all lenders to promote and publicise the Gold Monetisation Scheme from their branches underscores the intent of the banking regulator to make the scheme a success, said officials from two private banks.

Papua New Guinea would keep some of its gold production and peg its currency to the metal

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Wait until the IMF tells them it's against the rules to link your currency to gold, and unfortunately PNG is a member. But then why not resign?

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Papua New Guinea Aims to Retain 30% of Exported Gold, May Change Currency Pegs

By Jonathan Barrett
Reuters
Monday, August 19, 2019

https://af.reuters.com/article/commoditiesNews/idAFL4N25F074

How modern monetary theory could spike a new bull cycle in gold

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By Chad Slater
Australian Financial Review, Melbourne
Monday, August 19, 2019

The year is 2003 and a long argument has ensued over gold and inflation. Gold is trading at $US370 an ounce, having recently traded at lows of $US250. I am locked in a debate with an analyst colleague who is adamant that gold is going to soar on the back of the coming inflation from interest rates near zero.

This year more than ever, gold and silver investors should join GATA in New Orleans

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11:54a ET Sunday, August 18, 2019

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy and your secretary/treasurer again will be speaking at the New Orleans Investment Conference this year, and in the letter below the conference's organizer, Gold Newsletter Editor Brien Lundin, explains why you should join us there.

Thom Calandra boosts his subscription offer to GATA supporters

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11:47a ET Sunday, August 18, 2019

Dear Friend of GATA and Gold:

Pakistan government likely to introduce dollar-based saving scheme

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By Shahbaz Rana
The Express Tribune, Karachi, Pakistan
Sunday, August 18, 2019

ISLAMABAD, Pakistan -- In a move that could further weaken people's trust in local currency, the federal government may launch a new U.S. dollar-based saving scheme, which will entitle people to claim profits and encash saving instruments at future currency exchange rates.

A $1.6 billion horror as people in Ghana can't get their savings

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By Moses Mozart Dzawu
Bloomberg News
Sunday, August 18, 2019

Isaac and Bless Boahen saved for months to fund her economics doctorate, but when the time came to cash in the investment, they were left empty-handed.

Worried Hong Kong residents are moving money out as protests escalate

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By Steven Russolillo, Joanne Chiu, and Eli Binder
The Wall Street Journal
Sunday, August 18, 2019

Money is leaking out of Hong Kong as months of protests raise concerns about the city's future.

India's central bank suckers 15 tonnes of gold, 19,985 to go

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Reserve Bank of India Makes It Easier to Deposit Gold Under Monetization Scheme

From The Times of India, Mumbai
Saturday, August 17, 2019

MUMBAI, India -- In a move to revive the flagging Gold Monetisation Scheme 2015, the Reserve Bank of India has made it easier for depositors to hand over their holdings of the precious metal.

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