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Daily Dispatches
Why central banks disagree with Gary North about gold
Submitted by cpowell on Fri, 2017-10-20 12:45 Section: Daily Dispatches1p ET Friday, October 20, 2017
Dear Friend of GATA and Gold:
In his essay this week, "The Case Against Gold as a Central Bank Asset" --
https://www.garynorth.com/public/17271.cfm
-- the economic historian and libertarian financial writer Gary North argues that central banks should get rid of their gold reserves.
Barclays sued by fund for $850 million in metals market abuse
Submitted by cpowell on Fri, 2017-10-20 09:17 Section: Daily DispatchesBy Jack Farchy and Mark Burton
Bloomberg News
Thursday, October 19, 2017
Red Kite Management Ltd., the world's largest metals hedge fund, is suing Barclays for alleged market abuse in the copper market that it claims cost the firm at least $850 million between 2010 and 2013.
Barrick gives Tanzania stake in mines, $300 million to end dispute
Submitted by cpowell on Thu, 2017-10-19 13:30 Section: Daily DispatchesFrom Reuters
via The New York Times
Thursday, October 19, 2017
DAR ES SALAAM, Tanzania -- Barrick Gold will give Tanzania a 16 percent stake in three gold mines, a 50 percent share of revenue from those mines, and a one-off payment of $300 million to resolve a dispute that has hit its operations in the country, the two sides said.
Hugo Salinas Price: How unbacked fiat money corrupts society
Submitted by cpowell on Wed, 2017-10-18 19:44 Section: Daily Dispatches7:44p ET Wednesday, October 18, 2017
Dear Friend of GATA and Gold:
In commentary he laconically headlines "Anecdotes and Reminiscences," Hugo Salinas Price of the Mexican Civic Association for Silver today uses episodes from his country's history to illustrate the corrupting tendency of unbacked fiat money.
Bitcoin falls on reminder that CFTC might regulate it
Submitted by cpowell on Wed, 2017-10-18 11:27 Section: Daily DispatchesBitcoin Just Had Its Biggest Drop in a Month
By Constantine Courcoulas
Bloomberg News
Wednesday, October 18, 2017
Traders waiting for a pullback in bitcoin’s price to rebuild positions in the world's largest cryptocurrency may have the U.S. Commodity Futures Trading Commission to thank.
Chinese buyers reported interested in Scotiabank's gold business
Submitted by cpowell on Wed, 2017-10-18 11:20 Section: Daily DispatchesScotiabank Looks to Sell Gold Trading Unit After Money-Laundering Scandal
By Henry Sanderson, Neil Hume, James Fontanella-Khan, and Gregory Meyer
Financial Times, London
Wednesday, August 18, 2017
Charts from Incrementum's latest 'In Gold We Trust' report updated and compiled
Submitted by cpowell on Wed, 2017-10-18 10:07 Section: Daily Dispatches10:06a ET Wednesday, October 18, 2017
Dear Friend of GATA and Gold:
The charts from Incrementum AG's "In Gold We Trust" report for 2017, compiled by Ronald-Peter Stoferle and Mark Valek, have been updated and assembled and posted in PDF format at Incrementum's internet site. Stoferle and Valek consider them pretty bullish. They can be found here:
Global warming uncovers biggest Canadian gold deposit
Submitted by cpowell on Tue, 2017-10-17 22:20 Section: Daily DispatchesBy Anna Golubova
Kitco News, Montreal
Tuesday, October 17, 2017
Miners could not even see Canada's biggest gold deposit until a glacier receded and uncovered what lay beneath, according to one mining executive with operations in northern British Columbia.
Silver coin proposal discussed on Mexican TV by Salinas Price
Submitted by cpowell on Tue, 2017-10-17 21:59 Section: Daily Dispatches9:58p ET Tuesday, October 17, 2017
Dear Friend of GATA and Gold:
Hugo Salinas Price, president of the Mexican Civic Association for Silver, was interviewed on television in Mexico on Saturday about his proposal for Mexico's central bank to issue an undenominated silver coin whose price in pesos would be guaranteed by the bank not to fall.
Leonid Bershidsky: Authoritarian cryptocurrencies are coming
Submitted by cpowell on Tue, 2017-10-17 10:34 Section: Daily DispatchesBy Leonid Bershidsky
Bloomberg News
Tuesday, October 17, 2017
With Russia and China both embracing the idea of sovereign cryptocurrencies, it's time to ask a simple question: Why is a technology threatening to decentralize money so attractive to highly centralized, authoritarian regimes?
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