Daily Dispatches

UAE's Noor Capital says it bought 3 tonnes of gold from Venezuela

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By Mayela Armas
Reuters
Friday, February 1, 2019

CARACAS, Venezuela -- Abu Dhabi investment firm Noor Capital said today it bought 3 tonnes of gold on Jan. 21 from Venezuela's central bank, at a time when President Nicolas Maduro is seeking to keep his crisis-stricken government solvent.

International pressure scuttles Venezuela's plan to dishoard gold

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Maduro's Bid to Fly Gold Out of Venezuela Is Blocked

By Patricia Laya
Bloomberg News
Friday, February 1, 2019

The embattled Nicolas Maduro regime has halted plans to ship 20 tons of Venezuelan gold overseas as a growing international push to ring-fence the country's dwindling hard assets unnerved those handling the transaction, according to a person with direct knowledge of the matter.

EU charges eight banks over alleged government bond cartel

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By Alastair Macdonald
Reuters
Thursday, January 31, 2019

The European Union's antitrust authority has charged eight unnamed banks with operating a cartel in trading euro zone government bonds between 2007 and 2012, years when the financial crisis dragged down banks and countries.

Venezuela's 20-ton pile of gold in suspense in Caracas vault

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By Patricia Laya
Bloomberg News
Thursday, January 31, 2019

With 20 tons of gold stacked up for loading and shipping out of Venezuelan vaults, the mystery surrounding them -- and the saber-rattling they're sparking -- is intensifying.

Alasdair Macleod: Trade wars -- a catalyst for economic crisis

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7:50p ET Thursday, January 31, 2019

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod argues tonight that trade wars will weaken the U.S. dollar by reducing the flow abroad of dollars that have been recycled into U.S. Treasury instruments.

Venezuela to sell 15 tonnes of gold to UAE for euros, source tells Reuters

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By Corina Pons and Mayela Armas
Reuters
Thursday, January 31, 2019

CARACAS, Venezuela -- Venezuela will sell 15 tonnes of gold from central bank vaults to the United Arab Emirates in coming days in return for euros in cash, a senior official with knowledge of the plan said, in an effort by the troubled OPEC member to stay solvent.

But Pierre Lassonde and Doug Casey say central banks don't care about gold

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Central Banks Are on the Biggest Gold-Buying Spree in a Half Century

By Rupert Rowling and Susanne Barton
Bloomberg News
Thursday, January 31, 2019

Central banks bought more bullion last year than anytime since 1971, when the U.S. ended the gold standard.

Ronan Manly: Bank of England tears up its gold custody contract with Venezuela

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9:18p ET Wednesday, January 30, 2019

Dear Friend of GATA and Gold:

In Maduro's Venezuela, even counting gold bars is a challenge

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By Laura Millan Lombrana
Bloomberg News
Wednesday, January 30, 2019

Venezuela is home to rich gold deposits and holds billions of dollars of foreign reserves in gold bars in the central bank's vaults. The question is: How much is there?

Don't deal in Venezuelan gold, White House says in anti-Maduro push

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By Shaylim Castro and Jeff Mason
Reuters
Tuesday, January 29, 2019

CARACAS, Venezuela -- The White House warned traders on Wednesday not to deal in Venezuelan gold or oil following its imposition of stiff sanctions aimed at forcing socialist President Nicolas Maduro from power.

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