Daily Dispatches

Sea shells? Oxen? Zimbabwe plans a new currency as dollar shortage bites

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Another resource- and gold-rich country insisting on being poor.

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By MacDonald Dzirutwe
Bloomberg News
Saturday, January 12, 2019

HARARE, Zimbabwe -- Zimbabwe will introduce a new currency in the next 12 months, the country's finance minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest.

Ronan Manly: Separating truth from fiction in China's golden game of poker

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1:48p ET Saturday, January 12, 2019

Dear Friend of GATA and Gold:

Tocqueville gold letter: Explosion in U.S. debt foretells dollar's devaluation against gold

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10:48a ET Saturday, January 12, 2019

Dear Friend of GATA and Gold:

In the Tocqueville gold letter for January, fund manager John Hathaway argues that the explosion of U.S. government debt to banana republic levels foretells a big devaluation of the dollar against gold. (Just don't ask him why it hasn't happened already.)

Matthew Lynn: Next eurozone crisis has begun and will lead to more money creation

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The Next Eurozone Crisis Has Already Started

By Matthew Lynn
The Telegraph, London
Friday, January 11, 2019

https://www.telegraph.co.uk/business/2019/01/11/next-eurozone-crisis-has...

Ted Butler: Questions only the Justice Department can get answered about silver manipulation

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8:50p ET Thursday, January 10, 2019

Dear Friend of GATA and Gold:

Yellow vest protesters aim to crash French banking system

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Yellow Vest Protesters to Withdraw All Their Euros in Massive Run on French Banks

From News Corp., Associated Press, and Agence France-Presse
via News Corp. Australia, Sydney
Thursday, January 10, 2019

Barrick Gold's new CEO dismisses Canada HQ debate as 'hysteria'

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By Dnaielle Bochove
Bloomberg News
Thursday, January 10, 2019

Barrick Gold Corp.'s new chief executive is surprised by the "hysteria" over whether the world's largest gold miner will remain a Canadian company.

4 on trial in theft of huge gold coin from Berlin museum

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From the Associated Press, New York
Thursday, January 10, 2019

https://www.apnews.com/783eafeee37b4eeeaf178534c465ae43

BERLIN -- Four young men have gone on trial over the brazen theft of a 100-kilogram (221-pound) Canadian gold coin from a Berlin museum.

The "Big Maple Leaf" coin, worth several million dollars, was stolen from the Bode Museum in March 2017.

Tanzania's president wants central bank to buy country's gold production

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By Nuzulack Dausen
Business Day, Johannesburg, South Africa
Wednesday, January 9, 2019

DAR ES SALAAM, Tanzania -- Tanzanian President John Magufuli said today the central bank should start buying the country's gold to curb smuggling and build reserves to stabilise the currency.

Russia buys quarter of world yuan reserves in shift from dollar

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By Natasha Doff and Anna Andrianova
Bloomberg News
Wednesday, January 9, 2019

Russia's central bank dumped $101 billion in U.S. holdings from its huge reserves, shifting into euros and yuan last spring amid a new round of U.S. sanctions.

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