Daily Dispatches

Gold options trading begins in India

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There's never enough gold derivatives.

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MCX Launches Commodity Options Trading with Gold on Dhanteras

From The Times of India, Mumbai
Monday, October 17, 2017

NEW DELHI -- Finance minister Arun Jaitley today launched an options contract in gold on the Multi Commodity Exchange (MCX) on the auspicious occasion of Dhanteras.

Time to sell? Goldman Sachs says gold is better than bitcoin as money

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By Ranjeetha Pakiam
Bloomberg News
Tuesday, October 17, 2017

Gold wins out over cryptocurrencies when assessed on the majority of the key characteristics of money, according to Goldman Sachs Group Inc., which adds that fear and wealth are the core drivers of bullion.

Ronan Manly: Neck and neck -- Russian and Chinese official gold reserves

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1:03p ET Monday, October 16, 2017

Dear Friend of GATA and Gold:

China proposes to buy 5 percent of Saudi Aramco directly, sources tell Reuters

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By Rania El Gamal and Alex Lawler
Reuters
Monday, October 16, 2017

China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world's biggest oil producer on the stock market.

Russia's 'cryptorubles' won't be very crypto at all

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This report evokes the old joke about how there were only two television stations in the Soviet Union: Channel 1, with government programming, and Channel 2, where a KGB agent told viewers to turn back to Channel 1.

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Russia to issue 'cryptoruble'

By Jon Buck
The Coin Telegraph
Sunday, October 15, 2017

GATA Chairman Murphy interviewed by GoldSeek Radio

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10:56a ET Sunday, October 15, 2017

Dear Friend of GATA and Gold:

Koos Jansen: The gold-backed oil-yuan futures contract myth

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10:06a ET Sunday, October 15, 2017

Dear Friend of GATA and Gold:

Gold researcher and Chinese gold market expert Koos Jansen today argues that the Nikkei Asian Review's September 1 report asserting that China is planning an oil futures contract somehow "backed" by gold --

https://asia.nikkei.com/Markets/Commodities/China-sees-new-world-order-w...

London's gold crown is slipping

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By Eddie Van Der Walt and Susanne Barton
Bloomberg News
Sunday, October 15, 2017

London is losing its Midas touch.

The Economist: The internationalization of China's currency has stalled

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From The Economist, London
Saturday, October 13, 2017

Is Britain ready to go cashless? UK heads toward abolishing physical money

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By Laura Suter, Richard Dyson, and Sophie Christie
The Telegraph, London
Saturday, October 14, 2017

The replacement of the forgery-prone old 1-pound coin, supposed to be fully implemented from tomorrow night, has sparked fresh speculation about how rapidly Britain is heading toward a new epoch in the history of spending -- the outright abolition of all physical cash.

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