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Daily Dispatches
Gold-backed digital currency ditches the blockchain
Submitted by cpowell on Wed, 2015-12-30 21:46 Section: Daily DispatchesBy Ian McKendry
American Banker, New York
Wednesday, December 30, 2015
WASHINGTON -- A new digital currency backed by gold is billing itself as a more compliant, liquid and ultimately reliable store of value than decentralized systems such as bitcoin.
World Gold Council wants to create standard to avoid Islamic finance disputes
Submitted by cpowell on Wed, 2015-12-30 21:42 Section: Daily DispatchesBy Y-Sing Liau
Bloomberg News
Wednesday, December 30, 2015
The World Gold Council is seeking to create a global standard to make the metal's use in Islamic finance more cost-effective by eliminating disputes among scholars.
The final days of the Bitcoin Foundation?
Submitted by cpowell on Wed, 2015-12-30 16:07 Section: Daily DispatchesBy Olga Kharif
Bloomberg News
Wednesday, December 30, 2015
Bruce Fenton, executive director at the Bitcoin Foundation, opened its Dec. 15 board meeting with a sense of urgency: "We need additional funds if we wish to retain employees."
The numbers didn't look good. In two years the foundation had seen at least $7 million evaporate. As of Nov. 30 its total assets stood at $12,553.06.
Mike Kosares: Gold a safe harbor on an ocean of excess reserves
Submitted by cpowell on Tue, 2015-12-29 15:28 Section: Daily Dispatches3:25p ET Tuesday, December 29, 2015
Dear Friend of GATA and Gold:
Investing magazine in Germany notes GATA's work
Submitted by cpowell on Tue, 2015-12-29 13:19 Section: Daily Dispatches1:18p ET Tuesday, December 29, 2016
Dear Friend of GATA and Gold:
Smart Investor magazine, an Internet magazine based in Munich, Germany, last week took note of recent developments in GATA's work. The article was written by Rainer Kromarek and can be found at the Smart Investor Internet site here:
Lars Schall interviews Avery Goodman on China's gold challenge to U.S.
Submitted by cpowell on Mon, 2015-12-28 12:41 Section: Daily Dispatches12:40p ET Monday, December 20, 2015
Dear Friend of GATA and Gold:
Bitcoin's back: Big year for controversial digital currency
Submitted by cpowell on Mon, 2015-12-28 11:43 Section: Daily DispatchesBy Eric Rosenbaum
CNBC.com, New York
Monday, December 28, 2015
The U.S. dollar has had a nice run. It has been the talk of global currency trading all year long.
Switzerland to vote on banning commercial banks from creating money
Submitted by cpowell on Fri, 2015-12-25 13:08 Section: Daily DispatchesBy Mehreen Khan
The Telegraph, London
Friday, December 24, 2015
Switzerland will hold a referendum to decide whether to ban commercial banks from creating money.
The Swiss federal government confirmed Thursday that it would hold the plebiscite, after more than 110,000 people signed a petition calling for the central bank to be given sole power to create money in the financial system.
Alasdair Macleod: Why the Fed will never succeed in managing inflation
Submitted by cpowell on Thu, 2015-12-24 13:52 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, December 24, 2015
The Fed will never succeed in its attempt to manage inflation and unemployment by varying interest rates.
GATA's Ed Steer to speak at Vancouver Resource Investment Conference
Submitted by cpowell on Wed, 2015-12-23 22:55 Section: Daily Dispatches10:55p ET Wednesday, December 23, 2015
Dear Friend of GATA and Gold:
GATA Board of Directors member Ed Steer, editor of Ed Steer's Gold and Silver daily financial letter --
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