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Daily Dispatches
China moves in as U.S. pulls back from global institutions
Submitted by cpowell on Sat, 2017-10-14 16:18 Section: Daily DispatchesBy Shawn Donnan
Financial Times, London
Saturday, October 14, 2017
WASHINGTON -- The prospect of a wave of "America First" protectionism and tax reform in the United States has loomed large over this week's annual meeting of the International Monetary Fund and World Bank.
Sputnik News: Russia stockpiles gold to guard against manipulation by U.S.
Submitted by cpowell on Sat, 2017-10-14 15:53 Section: Daily DispatchesFrom Sputnik News, Moscow
Saturday, October 14, 2017
The Central Bank of Russia has recently been buying bullion at an unprecedented pace. According to Argentine financial expert Gabriel Rubinstein, this policy is aimed at protecting the Russian economy in the event of crisis situations, including against dollar-related "manipulations" by the United States.
The psychology of gold and why it has that allure
Submitted by cpowell on Fri, 2017-10-13 10:54 Section: Daily DispatchesBy Puja Bhattacharjee
CNN, Atlanta, Georgia
Friday, October 13, 2017
When you think of the color gold, images of grandeur and extravagance are likely to come to mind.
For millennia the metal has adorned crowns and hilts of swords. It has been used to enhance paintings and ornaments to increase their value.
Alasdair Macleod: Oil for gold -- the real story
Submitted by cpowell on Fri, 2017-10-13 10:39 Section: Daily Dispatches10:38a ET Friday, October 13, 2017
Dear Friend of GATA and Gold:
Where gold trade goes if London loses its grip
Submitted by cpowell on Fri, 2017-10-13 09:28 Section: Daily DispatchesBy Eddie Van Der Walt and Ranjeetha Pakiam
Bloomberg News
Friday, October 13, 2017
London is facing challenges on multiple fronts to its centuries-old status as the place where the world trades gold.
Two U.S.-based exchanges, CME Group Inc. and Intercontinental Exchange Inc., have created new ways of buying and selling precious metals. So has the London Metal Exchange.
Another Swiss bank won't let customer see his gold, von Greyerz tells KWN
Submitted by cpowell on Thu, 2017-10-12 14:45 Section: Daily Dispatches2:45p ET Thursday, October 12, 2017
Dear Friend of GATA and Gold:
Giustra's Hive switches from mining gold to bitcoin, surges six-fold
Submitted by cpowell on Thu, 2017-10-12 11:00 Section: Daily DispatchesBy Natalie Obiko Pearson and Brandon Kochkodin
Bloomberg News
Thursday, October 12, 2017
Frank Giustra, the Canadian mining maverick who amassed a fortune building what would become one of the world's largest gold companies, is digging for another kind of gold: cryptocurrencies.
Only central bank intervention keeps gold down, USGlobal's Frank Holmes says
Submitted by cpowell on Thu, 2017-10-12 09:56 Section: Daily Dispatches9:55a ET Thursday, October 12, 2017
Dear Friend of GATA and Gold:
Only intervention by central banks in the gold market is keeping the monetary metal's price down, fund manager Frank Holmes of U.S. Global Investors told Daniela Cambone of Kitco News in an interview yesterday. The interview is five minutes long and can be viewed here:
World is turning its back on the dollar, Saxo Bank FX strategist writes
Submitted by cpowell on Wed, 2017-10-11 12:06 Section: Daily DispatchesThree Reasons the World Could Turn Its Back on the U.S. Dollar
By David Reid
CNBC, New York
Wednesday, October 11, 2017
A combination of geopolitical pressures could spark the end of the U.S. dollar as the world's reserve currency, according to the head of foreign exchange strategy at Saxo Bank.
China will 'compel' Saudis to trade oil in yuan, economist tells CNBC
Submitted by cpowell on Wed, 2017-10-11 11:57 Section: Daily DispatchesChina Will 'Compel' Saudi Arabia to Trade Oil in Yuan -- and That's Going to Affect the US Dollar
By Sam Meredith
CNBC, New York
Wednesday, October 11, 2017
China will "compel" Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the U.S. dollar as the world's reserve currency, a leading economist told CNBC on Monday.
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