Daily Dispatches

Zimbabwe contemplates restoring its own currency with gold backing


At least until the International Monetary Fund finds out.

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Gold Reserves to Anchor Local Currency

By Walter Nyamukondiwa
The Herald, Harare, Zimbabwe
Tuesday, May 16, 2017

The government is working on a plan to establish a gold reserve to anchor the introduction of a local currency when the right time comes for the return to the Zimbabwe dollar, it has been learnt.

India is working with World Gold Council to create a spot exchange


By Eddie Van Der Walt and Swansy Afonso
Bloomberg News
Monday, May 15, 2017

The World Gold Council is working with the Indian government on plans to create a local physical spot-gold exchange that may start up as soon as next year.

Off-exchange settlement of gold futures hints at short squeeze, Turk tells KWN


6:24p ET Monday, May 15, 2017

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk, interviewed today by King World News, describes indications of a short squeeze in gold, starting with an increase of off-exchange settlement of futures contracts. "It now looks like we are very close to the tipping point," Turk says. His comments can be found at KWN here:

FT worries about a bubble in ... bitcoin


Bitcoin's Surge Fuels Fears of Asset Bubble

By Izabella Kaminska and Paul Murphy
Financial Times, London
Sunday, May 14, 2017

Sky-high valuations for bitcoin have helped the value of crypto-currencies burst through $50 billion, raising fears of an asset bubble in the unregulated market.

In KWN interview, Embry scoffs at claims that inflation is low


12:26p ET Monday, May 15, 2017

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry, interviewed today by King World News, scoffs at assertions that inflation is low.

Mark O'Byrne: Cyber attacks show vulnerability of digital systems and digital currencies


By Mark O'Byrne
GoldCore.com, Dublin
Monday, May 15, 2016

The threat posed by cyber attacks, cyber terrorism, and cyber war to our increasingly complicated, technologically dependent financial system is something we have covered numerous times and becomes more clear by the day. ...

Dave Janda of 'Operation Freedom' interviews GATA Chairman Murphy


6:57a ET Monday, May 15, 2017

Dear Friend of GATA and Gold:

"Operation Freedom" radio talk show host Dave Janda of WAAM-AM1600 in Ann Arbor, Michigan, interviewed GATA Chairman Bill Murphy on Sunday, discussing the manipulation of the monetary metals market. The interview is 23 minutes long and can be heard at Janda's internet site here:

Report from another gold-rich country insisting on being poor


Black Market Thrives as Banks Run Dry

By Blessed Mhlanga
The Standard, Harare, Zimbabwe
Sunday, May 14, 2017


Harare's Road Port has become the unofficial bank of last resort, never short of cash, no queues, and a multicurrency platform.

GoldSeek Radio's Chris Waltzek interviews GATA Chairman Bill Murphy


6:18p ET Saturday, May 13, 2017

Dear Friend of GATA and Gold:

Ted Butler expects silver explosion soon, but GATA has questions


1:14p ET Friday, May 12, 2017

Dear Friend of GATA and Gold:

Silver market rigging investigator Ted Butler explains today why he thinks price suppression in silver is likely to end soon in an explosion because of the extreme and concentrated short position in the monetary metal.

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