Daily Dispatches

The Economist acknowledges 'financial repression' -- at a safe distance from London

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4:21p ICT Monday, March 28, 2016

Dear Friend of GATA and Gold:

In an article headlined "A Tarnished Appeal," The Economist magazine, the voice of the supposedly learned establishment, acknowledges this week that India's government continues to wage a decades-old war on gold that arises mainly from the government's own irresponsibility with its currency.

Valentin Schmid reviews Jim Rickards' 'The New Case for Gold'

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By Valentin Schmid
The Epoch Times, New York
Thursday, March 25, 2016

Whether it's up or down today, gold is always a hot topic. If you say it has value or that it is money, you may even get ridiculed.

This is a completely unedited excerpt of an email I received this morning from an undisclosed commentator on my recent interview with James Grant. Grant is in favor of a gold standard.

Ted Butler: Five years that changed silver forever

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2:40p ICT Saturday, March 26, 2016

Dear Friend of GATA and Gold:

Alasdair Macleod: Guessing the future without Say's Law

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, March 24, 2016

With Japanese and Eurozone interest rates becoming increasingly negative and the Fed backing off from at least some of the planned increases in the Fed funds rate this year, economists are reassessing the interest rate outlook.

Once reviled, gold hedging makes an unexpected return

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By Peter Kovan
National Post, Toronto
Thursday, March 24, 2016

New Gold Inc. was braced for a vicious backlash from the investment community when it decided to hedge some gold production earlier this month.

Barrick Gold cuts executive chairman's pay 76% after investor criticism

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By Doug Alexander
Bloomberg News
Thursday, March 24, 2016

Barrick Gold Corp. awarded Executive Chairman John Thornton $3.08 million in total compensation, 76 percent less than last year, after he gave up his bonus in the wake of investor criticism of pay packages at the world's largest gold producer.

Barrick Gold to face U.S. group lawsuit over South American mine

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By Amrutha Penumudi
Reuters
Thursday, March 24, 2016

A federal judge on Wednesday granted class certification for a U.S. class-action lawsuit filed against Barrick Gold Corp claiming that Barrick misstated facts of its now-halted Pascua-Lama gold-mine project on the border of Argentina and Chile.

China's vice finance minister denies any secret US-China exchange rate deal

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By Sun Qizi and Pete Sweeney
Reuters
Monday, March 21, 2016

China's vice finance minister said on Tuesday there was no secret agreement between the United States and China regarding adjustments to exchange rates.

World's richest Hindu temple wants gold back rather than cash

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By Nidhi Verma and Rajendra Jadhav
Reuters
Wednesday, March 23, 2016

The world's richest Hindu temple is asking to be repaid in gold for longer-term deposits it makes under the Indian government's monetization scheme in order to make the plan more attractive to the temples that are sitting on thousands of tonnes of the metal.

Hugo Salinas Price: It's 1790 all over again

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4:20a ChST Wednesday, March 23, 2016

Dear Friend of GATA and Gold:

Hugo Salinas Price, president of the Mexican Civic Association for Silver, explains today why "It's 1790 All Over Again," another age of irredeemable money in which economists are not quite as smart as they think they are. His commentary is posted at the association's Internet site, Plata.com.mx, here:

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