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Daily Dispatches
Turkey's frantic gold rush points to a financial crisis
Submitted by cpowell on Wed, 2021-01-13 11:17 Section: Daily DispatchesBy Aykan Erdemir and John Lechner
The National Interest, Washington
Friday, January 8, 2021
The Turkish economy is "a train wreck in slow motion," in the words of one former central banker.
Craig Hemke at Sprott Money: Gold and silver price forecast for 2021
Submitted by cpowell on Tue, 2021-01-12 17:53 Section: Daily Dispatches5:50p ET Tuesday, January 12, 2021
Dear Friend of GATA and Gold:
With his gold and silver price forecast for 2021, the TF Metals Report's Craig Hemke is confident of more good gains but such volatility that investors will be seriously challenged to realize them by the end of the year.
Lost passwords lock millionaires out of their bitcoin fortunes
Submitted by cpowell on Tue, 2021-01-12 17:23 Section: Daily DispatchesThe future of money: Gone.
* * *
By Nathaniel Popper
The New York Times
Tuesday, January 12, 2021
Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million.
Former CFTC exec who couldn't spot gold and silver market rigging to head SEC, Reuters says
Submitted by cpowell on Tue, 2021-01-12 17:01 Section: Daily DispatchesExclusive: Biden to Name Gary Gensler as SEC Chair, Sources Say
By Svea Herbst-Bayliss, Katanga Johnson, and Jarrett Renshaw
Reuters
Tuesday, January 12, 2021
Gold investors target 'excessive' executive payouts amid deals
Submitted by cpowell on Tue, 2021-01-12 16:54 Section: Daily DispatchesBy Jeff Lewis and Helen Reid
Reuters
Tuesday, January 12, 2021
Gold investors critical of lavish executive payouts plan to vote down compensation at upcoming annual shareholder meetings, as soaring prices for the precious metal spur dealmaking.
It is the latest knock against an industry that had only recently won back investor favor after being shunned due to disappointing returns.
Russia for first time holds more gold than U.S. dollars in international reserves
Submitted by cpowell on Tue, 2021-01-12 16:48 Section: Daily DispatchesBy Natasha Doff and Anna Andrianova
Bloomberg News
Tuesday, January 12, 2021
A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia's $583 billion international reserves above dollars for the first time on record.
UBS lowers threshold to charge depositors for negative rates
Submitted by cpowell on Tue, 2021-01-12 12:36 Section: Daily DispatchesBy Marion Halftermeyer
Bloomberg News
Tuesday, January 12, 2021
UBS Group AG plans to lower the threshold for customer deposits that will be subject to a charge as the bank deals with the prospect of low and negative interest rates for the foreseeable future.
Friday's smashing of gold was a BIS operation, von Greyerz tells KWN
Submitted by cpowell on Mon, 2021-01-11 15:51 Section: Daily Dispatches3:50p ET Monday, January 11, 2021
Dear Friend of GATA and Gold:
The King Report: Friday's gold slam 'smells like a manipulation'
Submitted by cpowell on Mon, 2021-01-11 12:12 Section: Daily DispatchesBy Bill King
The King Report
Burr Ridge, Illinois
Monday, January 11, 2021
https://mramseyking.com/king-report
... Gold got slammed [Friday], falling as much as 3.73% on what the financial media called "technical selling." Someone slammed gold when Europe opened and again when the New York Stock Exchange opened. This smells like a manipulation.
Rick Ackerman: This is no time to give up on gold
Submitted by cpowell on Mon, 2021-01-11 10:56 Section: Daily DispatchesBy Rick Ackerman
Sunday, January 10, 2021
With gold's gratuitous 4% plunge on Friday, bullion has once again affirmed its reputation as one of the nastiest, most frustrating assets an investor can own.
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