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Daily Dispatches
Gold not a currency and doesn't pay interest? In Vietnam it is and does
Submitted by cpowell on Thu, 2010-06-17 23:30 Section: Daily DispatchesVietnam's Gold Habit Weighs Down Dong
By Tim Johnson
Financial Times, London
Wednesday, June 16, 2010
http://www.ft.com/cms/s/0/83a29cdc-5cb9-11df-bd7e-00144feab49a.html
HANOI, Vietnam -- Buying 500 Vietnamese taels of gold, a large but not exceptional purchase equivalent to a little under 19 kilogrammes, takes more than 2.5 times that weight in local bank notes.
Jeff Nielson: 50 years of silver price suppression make default inevitable
Submitted by cpowell on Thu, 2010-06-17 22:53 Section: Daily Dispatches10:50p ET Thursday, June 17, 2010
Dear Friend of GATA and Gold (and Silver):
Hugo Salinas Price: The gold standard is the generator and protector of jobs
Submitted by cpowell on Thu, 2010-06-17 22:41 Section: Daily Dispatches10:40p ET Thursday, June 17, 2010
Dear Friend of GATA and Gold:
Hinde Capital's gold report draws on GATA's work
Submitted by cpowell on Thu, 2010-06-17 21:36 Section: Daily Dispatches9:38p ET Thursday, June 17, 2010
Dear Friend of GATA and Gold:
Hinde Capital in London, whose CEO Ben Davies mentioned GATA on CNBC Europe on May 26 (http://www.gata.org/node/8683), has just published a wonderful report on gold that draws on GATA's work. The report is titled "Gold: The Currency of First Resort," and among other things it remarks:
Fed escaping toughest scrutiny as audit bill is negotiated
Submitted by cpowell on Wed, 2010-06-16 16:35 Section: Daily DispatchesBy Andy Sullivan and Kevin Drawbaugh
Reuters
Wednesday, June 16, 2010
http://www.reuters.com/article/idUSTRE6575PN20100616?type=politicsNews
WASHINGTON -- After heavy criticism of its handling of the financial crisis, the Federal Reserve on Wednesday appeared likely to escape the most aggressive congressional scrutiny of its interest rate deliberations.
James Turk: Hyperinflation likelihood is increasing
Submitted by cpowell on Tue, 2010-06-15 21:11 Section: Daily Dispatches9p ET Tuesday, June 15, 2010
Dear Friend of GATA and Gold:
James Turk: A signal from the stock market
Submitted by cpowell on Mon, 2010-06-14 22:29 Section: Daily Dispatches10:30p ET Monday, June 14, 2010
Dear Friend of GATA and Gold:
More fantastic money creation, then gold backing, Rickards tells King World News
Submitted by cpowell on Mon, 2010-06-14 22:17 Section: Daily Dispatches10:05p ET Monday, June 14, 2010
Dear Friend of GATA and Gold:
U.S. Gold's McEwen expects higher gold and mergers, fears higher taxes
Submitted by cpowell on Mon, 2010-06-14 16:43 Section: Daily Dispatches4:40p ET Monday, June 14, 2010
Dear Friend of GATA and Gold:
William Pesek: Gold's rise puzzles Bernanke but not this fund manager
Submitted by cpowell on Sun, 2010-06-13 16:46 Section: Daily DispatchesBy William Pesek
Bloomberg News
Monday, June 14, 2010
http://www.bloomberg.com/apps/news?pid=20601039&sid=a4JyC8zMpSVU
TOKYO -- Alan Greenspan had his conundrum. Now Ben Bernanke has his enigma.