Daily Dispatches

Russian banks consider exporting more gold

Submitted by cpowell on Tue, 2019-06-04 20:53 Section: Daily Dispatches

By Elena Mazneva and Yuliya Fedorinova
Bloomberg News
Tuesday, June 4, 2019

Russian banks are considering increasing gold exports after the central bank said it would buy gold only at a discount, a move that could pressure global bullion prices.

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Bitcoin rally masks uncomfortable fact: Almost nobody uses it for spending

Submitted by cpowell on Mon, 2019-06-03 20:19 Section: Daily Dispatches

By Olga Kharif
Bloomberg News
Monday, June 3, 2019

Bitcoin has a lingering problem that few people are talking about amid the renewed exuberance of the recent price surge.

Hardly anyone is using the world's largest cryptocurrency for anything beyond speculation.

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Ronan Manly: China's physical gold market still firing on all cylinders

Submitted by cpowell on Mon, 2019-06-03 20:12 Section: Daily Dispatches

By Ronan Manly
Bullion Star, Singapore
Monday, June 3, 2019

While headlines may be on the Sino-U.S. trade war, China's gold market continues to fire on all cylinders, with physical gold continuing to flow into, and through, the world's largest gold hub.

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Gold and silver have broken out of downtrends, Turk tells KWN

Submitted by cpowell on Mon, 2019-06-03 14:06 Section: Daily Dispatches

2:07p ET Monday, June 3, 2019

Dear Friend of GATA and Gold:

GoldMoney founder James Turk tells King World News today that physical demand for gold in London is strong, both gold and silver have broken sharply out of their downtrends, and silver has a lot of catching up to do. His comments are posted at KWN here:

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How to invest in gold and pay no capital gains tax in the UK

Submitted by cpowell on Sun, 2019-06-02 21:14 Section: Daily Dispatches

By Adam Williams
The Telegraph, London
Sunday, June 2, 2019

In turbulent times, investors traditionally turn to gold. Its appeal is a lack of correlation between its price and those of other assets. But gold is often held for decades, often leading to a hefty tax bill when the owner comes to sell.

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Does China have enough U.S. dollars to survive the trade war?

Submitted by cpowell on Sat, 2019-06-01 22:58 Section: Daily Dispatches

By Karen Yeung
South China Morning Post, Hong Kong
Friday, May 30, 2019

The Chinese government is officially sitting on the world's largest stockpile of foreign exchange reserves, but it has been scrambling recently to block backchannels for capital outflows as trade tensions with the United States increase.

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Dawson City tourism group plans to scatter gold to trigger second gold rush

Submitted by cpowell on Sat, 2019-06-01 22:48 Section: Daily Dispatches

By Sidney Cohen
Canada Broadcasting Corp., Toronto
Saturday, June 1, 2019

A Dawson City tourism group wants to reboot the most storied period in Yukon's history.

The Klondike Visitors Association is pitching Gold Rush 2: a tourism campaign that would offer a gold-rush-esque experience to visitors of the town famous for wealth and debauchery at the turn of the century.