Daily Dispatches

U.S. gold dealer launches first digital currency backed by bullion

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By Frank Tang
Reuters
Wednesday, July 16, 2014

NEW YORK -- U.S. precious metals dealer Anthem Vault Inc. said on Wednesday it has launched the first digital currency backed by physical gold, with an aim to increase the use of bullion as an accepted form of electronic money.

Bron Suchecki: How Eastern gold demand is transforming the gold market

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11:18p ET Wednesday, July 16, 2014

Dear Friend of GATA and Gold:

The Perth Mint's Bron Suchecki today adds his comments about last month's London Bullion Market Association conference in Singapore, where speakers emphasized that Asia is increasingly serious about getting its hands on metallic gold rather than paper gold.

Koos Jansen: Huge increases in silver imports by India

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9:44p ET Wednesday, July 16, 2014

Dear Friend of GATA and Gold:

India is reporting huge increases in silver imports, gold researcher and GATA consultant Koos Jansen reports today at Bullion Star:

https://www.bullionstar.com/article/india%20imported%20713%20mt%20of%20s...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Leeb says Germany will never get its gold; Rule warns of bank collapses

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3:30p ET Wednesday, July 16, 2014

Dear Friend of GATA and Gold:

Fund manager Stephen Leeb tells King World News that because of its cozying up to Russia and China, Germany will never recover its gold from the Federal Reserve Bank of New York:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/16_No...

Gold fix banks said to propose changes to pricing process

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By Nicholas Larkin
Bloomberg News
Wednesday, July 16, 2014

LONDON -- The banks running the century-old London gold fixing that's used by miners and central banks to trade and value metal are proposing changes to the process, according to two people with knowledge of the matter.

Bron Suchecki: GLD worries about failure of unallocated gold

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10:08a ET Wednesday, July 16, 2014

Dear Friend of GATA and Gold:

The Perth Mint's Bron Suchecki reports that gold exchange-traded fund GLD is proposing an amendment to its procedures that expresses concern about the reliability of unallocated gold.

Koos Jansen: A new global currency setup is being conceived

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8:40a ET Wednesday, July 16, 2014

Dear Friend of GATA and Gold:

The more obvious they are, the closer the day of deliverance

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11:50p ET Tuesday, July 15, 2014

Dear Friend of GATA and Gold:

With the only news today that seemed to have any bearing on the gold price being bullish -- Federal Reserve Chairwoman Janet Yellen's testimony to a Senate committee that interest rates will remain low long after the current round of "quantitative easing" ends --

Rule glad that resource firms are out of favor, pitches conference in Vancouver

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10:41p ET Tuesday, July 15, 2014

Dear Friend of GATA and Gold:

With gold running out, Sprott expects a delivery failure

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10:17p ET Tuesday, July 15, 2014

Dear Friend of GATA and Gold:

In a two-part interview today with King World News, Sprott Asset Management CEO Eric Sprott explains why he thinks the gold available for price suppression is running out --

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/7/15_Bi...

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