Daily Dispatches

China signals aim to loosen yuan's peg to dollar and use currency basket instead

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By Lingling Wei
The Wall Street Journal
Friday, December 11, 2015

BEIJING, China -- China's central bank signaled its intention to change the way it manages the yuan's value by potentially loosening its peg to the U.S. dollar and instead letting it track the currencies of its broader trading partners.

Austria repatriates 15 tonnes of gold from London

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From Reuters
Friday, December 11, 2015

VIENNA, Austria -- Austria has repatriated 15 tonnes of its gold reserves as part of a plan to hold half its stock of the precious metal within the country's borders, the Austrian National Bank said today.

Gold and currency market rigging controls the world, GATA secretary tells Daily Coin

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1:53p ET Thursday, December 10, 2015

Dear Friend of GATA and Gold:

China said to delay launch of yuan gold benchmark to April

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From Reuters
via The Times of India, Mumbai
Thursday, December 10, 2015

SINGAPORE -- China has delayed the launch of its yuan-denominated gold benchmark on the Shanghai Gold Exchange to next year, two sources familiar with the matter said.

Alasdair Macleod: Indian govt. aims to expropriate its people's gold

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11:35a ET Thursday, December 10, 2015

Dear Friend of GATA and Gold:

Chris Martenson: The screaming fundamentals for owning gold

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3:15p ET Wednesday, December 9, 2015

Dear Friend of GATA and Gold:

Bron Suchecki: China accelerates gold reserves accumulation

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11:49a ET Wednesday, December 9, 2015

Dear Friend of GATA and Gold:

China's recent announcements of additions to the gold reserves held by the People's Bank of China suggest an acceleration in gold accumulation, the Perth Mint's Bron Suchecki writes today.

Steve Forbes: The New York Times' leaden analysis of gold

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By Steve Forbes
Forbes.com
Wednesday, December 9, 2015

The New York Times recently ran an article trashing the idea of a return to a gold standard:

http://www.gata.org/node/15986

A growing number of Republicans, including presidential hopeful Sen. Ted Cruz, advocate fixing the value of the dollar to gold.

Australian police raid Sydney home of reported bitcoin creator

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By Byron Kaye and Colin Packham
Reuters
Wednesday, December 9, 2015

SYDNEY, Australia -- Australian police raided Wednesday the Sydney home and office of a man named by Wired magazine as the probable creator of bitcoin and holder of hundreds of millions of dollars worth of the cryptocurrency, Reuters witnesses said.

Bank of Canada wants to be ready with negative rates just in case

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Bank of Canada Willing to Resort to Below-Zero Interest Rate in Major Economic Crisis, Poloz Says

By Drew Hasselback
National Post, Toronto
Tuesday, December 8, 2015

TORONTO, Canada -- The Bank of Canada would be willing to cut its benchmark interest rate to below zero percent if the country is faced with a major economic shock, says Stephen Poloz, governor of the Bank of Canada.

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