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Updated: 5 hours 12 min ago

Jim Rickards on China's strategy toward the dollar and gold

8 hours 37 min ago

11:35p ET Friday, September 4, 2015

Dear Friend of GATA and Gold:

Interviewed by Tekoa Da Silva of Sprott Global Resource Investments, fund manager and author James G. Rickards outlines what he sees as China's strategy toward the U.S. dollar and gold. Rickards adds that confidence in a currency is easily lost. The interview is posted at the Sprott Global Internet site here:

http://sprottglobal.com/thoughts/articles/jim-rickards-the-system-is-hig...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

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Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Koos Jansen: Record monthly gold exports from Britain to China

8 hours 58 min ago

11:14p ET Friday, September 4, 2015

Dear Friend of GATA and Gold:

Gold researcher and GATA consultant Koos Jansen reports that gold exports from the United Kingdom to China reached a record 32.4 tonnes in June. Jansen's report is headlined "Record Monthly Gold Exports from UK to China" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/koos-jansen/record-monthly-gold-export...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/landing/gata

The Silver Summit and Resource Expo 2015
Park Central Hotel, San Francisco, California
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

TF Metals Report: The Comex delivery charade

Fri, 09/04/2015 - 11:06

10:05a ET Friday, September 4, 2015

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson today examines Comex gold contract delivery data for August and concludes that "there is no actual gold being delivered." Rather, he writes, bullion banks JPMorganChase and HSBC are just shuffling warehouse receipts. His commentary is headlined "The Comex Delivery Charade" and it's posted at the TF Metals Reort here:

http://www.tfmetalsreport.com/blog/7115/comex-delivery-charade

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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http://fmturl.com/gata/


Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/landing/gata

The Silver Summit and Resource Expo 2015
Park Central Hotel, San Francisco, California
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Supervisors should not tell whole truth about bank health, Bundesbank economist warns

Fri, 09/04/2015 - 00:59

By Francesco Canepa
Reuters
Tuesday, September 1, 2015

Banking supervisors should withhold some information when they publish stress test results to prevent both bank runs and excessive risk taking by lenders, according to a paper co-authored by a Bundesbank economist.

European banking authorities are due to carry out a fresh round of stress tests next year as they try to restore investor and depositor confidence in the continent's banks after the financial crisis.

The paper, presented at a conference in Mannheim last week but yet to be published in its current form, says stress tests should be used to influence depositor behavior and warns against giving too much away.

If depositors know from the watchdog that banks are in trouble, they will withdraw their cash, threatening lenders' survival and causing the panic the supervisor is trying to avoid, the paper said.

For this reason, the authors say, the amount of information disclosed by supervisors should decrease the more vulnerable the banking sector is expected to be. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/09/01/europe-banks-tests-idUSL5N1173...

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New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

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The Silver Summit and Resource Expo 2015
Park Central Hotel, San Francisco, California
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Peter Cooper: Don't dismiss the EU investigation into alleged gold and silver price fixing

Thu, 09/03/2015 - 22:09

By Peter Cooper
Arabian Money, Dubai, United Arab Emirates
Thursday, September 3, 2015

Gold bugs are bemused by reports that the European Union competition watchdog is investigating alleged "anti-competitive behavior" by participants in the precious metals market.

But anybody who remembers how the EU broke up the cement cartel a couple of decades ago will know that this is a watchdog that has very powerful teeth. Its fines can bankrupt even very large companies or banks.

True the gold bugs have watched and waited in the past when various investigations into alleged precious metal price fixing have been launched in the US, UK and Germany. These investigations have quietly concluded that nothing was wrong, despite some very convincing evidence from market watchers and industry experts.

The general view in the gold community is that the central banks themselves manipulate the gold price to help dampen inflation expectations. And the central banks are above the law in such matters.

However, they may have met their match in the EU competition watchdog. According to the Treaty of Rome and its later additions, EU law is the supreme authority, and even central banks are subservient to its law. ...

... For the remainder of the commentary:

http://www.arabianmoney.net/gold-silver/2015/09/03/dont-dismiss-the-eu-i...

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New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/landing/gata

The Silver Summit and Resource Expo 2015
Park Central Hotel, San Francisco, California
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Alasdair Macleod: The danger of eliminating cash

Thu, 09/03/2015 - 13:31

By Alasdair Macleod
GoldMoney.com, St. Helier, Channel Islands
Thursday, September 3, 2015

n the early days of central banking, one primary objective of the new system was to take ownership of the public's gold, so that in a crisis the public would be unable to withdraw it.

Gold was to be replaced by fiat cash which could be issued by the central bank at will. This removed from the public the power to bring a bank down by withdrawing their property. A primary, if unspoken, objective of modern central banking is to do the same with fiat cash itself.

There are of course other reasons for this course of action. Governments insist that they need to be able to trace all private sector transactions to ensure that criminals do not pursue illegal activities outside the banking system, and that tax is not evaded. For the government, knowledge of everything individuals do is necessary control. However, in the monetary sense, anti-money laundering and tax evasion are not the principal concern. Central banks are fully aware that the financial system is fragile and could face a new crisis at any time. That's why cash in their view must be phased out. ...

... For the remainder of the commentary:

https://www.goldmoney.com/research/updates/the-danger-of-eliminating-cas...

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New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/landing/gata

The Silver Summit and Resource Expo 2015
Park Central Hotel, San Francisco, California
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Tightness reported in London gold market

Wed, 09/02/2015 - 17:30

Gold Demand from China and India Picks Up

By Henry Sanderson
Financial Times, London
Wednesday, September 2, 2015

London's gold market is showing tentative signs of increased demand for bullion from consumers in emerging markets, after the price of the precious metal fell to its lowest level in five years in July.

The cost of borrowing physical gold in London has risen sharply in recent weeks. That has been driven by dealers needing gold to deliver to refineries in Switzerland before it is melted down and sent to places such as India, according to market participants.

The rise "does indicate there is physical tightness in the market for gold for immediate delivery," said Jon Butler, analyst at Mitsubishi. ...

... For the remainder of the report:

http://www.ft.com/cms/s/0/eae18206-5154-11e5-b029-b9d50a74fd14.html

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New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/landing/gata

The Silver Summit and Resource Expo 2015
Park Central Hotel, San Francisco, California
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Lawrence Williams leaves MineWeb for Sharps Pixley and his own Internet site

Wed, 09/02/2015 - 09:14

8:10a ET Wednesday, September 2, 2015

Dear Friend of GATA and Gold:

Lawrence Williams, who long has written for MineWeb and is among the few financial writers willing to acknowledge the evidence of central bank manipulation of the gold market, advises that his commentary is moving away from MineWeb.

Williams writes: "I am now publishing precious metals commentary on www.sharpspixley.com and www.biznews.com/gold. Meanwhile I will also continue to add material my own blogsite, www.lawrieongold.com, which is free to access and has already gained a good following since its inception back in mid-December last year."

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/landing/gata

The Silver Summit and Resource Expo 2015
Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

NYPost's John Crudele: Why the Federal Reserve should be audited

Wed, 09/02/2015 - 09:06

By John Crudele
New York Post
Tuesday, September 1, 2015

It is time for a comprehensive audit of Janet Yellen's Federal Reserve -- and not just for the reasons presidential candidate Rand Paul and others have given.

The Fed needs to be audited to see if its ruling body has broken the law by manipulating financial markets that are outside its jurisdiction. A thorough investigation of the Fed will show once and for all if its former chief Ben Bernanke and current Chairwoman Yellen should go to jail. ...

The Fed should be audited as a brokerage firm would be -- its financial holdings, its transactions, market orders, emails, and phone calls. Special attention should be given to what is called the "trade blotter" at the Federal Reserve Bank of New York, which handles all market transactions for the Fed.

The Fed's dealing with foreign central banks -- especially at times of market stress -- should be given special attention. Trades in the wee hours of the morning should be in the spotlight. ...

... For the full commentary:

http://nypost.com/2015/08/31/why-the-federal-reserve-should-be-audited/

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GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/landing/gata

The Silver Summit and Resource Expo 2015
Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Turk sees signs of turnaround for metals and silver's outperformance

Tue, 09/01/2015 - 21:22

8:20p ET Tuesday, September 1, 2015

Dear Friend of GATA and Gold:

In an interview with King World News, GoldMoney founder James Turk sees indications that the bull market in gold and silver is about to resume that the silver will take the lead. The interview is excerpted at the King World News blog here:

http://kingworldnews.com/as-stock-market-plunge-the-war-in-gold-and-silv...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/landing/gata

The Silver Summit and Resource Expo 2015
Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

New York Sun: Gold standard isn't as crazy as today's central banking

Mon, 08/31/2015 - 22:06

9:05p ET Monday, August 31, 2015

Dear Friend of GATA and Gold:

The New York Sun tonight comments on a conference held in Wyoming by the American Principles Project to counter the one held there annually by the Federal Reserve. Quoting the financial writer Judy Shelton, the Sun says returning to a gold standard would be less crazy than the daily weirdness of today's central banking. The Sun's editorial is headlined "'Crazy'?" and it's posted here:

http://www.nysun.com/editorials/crazy/89270/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

http://fmturl.com/gata/


Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/landing/gata

The Silver Summit and Resource Expo 2015
Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

Dubai gold retailer defaults on $136 million

Mon, 08/31/2015 - 11:11

By Stanley Carvalho and Tom Arnold
Reuters
Monday, August 31, 2015

DUBAI, United Arab Emirates -- A Dubai-based gold and jewellery retailer has defaulted on loans worth about 500 million dirhams ($136.2 million), with banks considering options including legal action to retrieve the money, four banking and trade sources told Reuters.

The non-payment by Atlas Jewellery, which has more than 50 branches across the Gulf and in India, affects at least 15 banks, the sources said on condition of anonymity because the information isn't public.

It was not clear why Atlas Jewellery had failed to honor its debts. Company officials declined to comment and Reuters was unable to contact the company's owner, M.M. Ramachandran. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/08/31/emirates-gold-default-idUSL5N1...

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Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

Zero Hedge: More foreign gold withdrawn from NY Fed in July

Mon, 08/31/2015 - 00:29

11:28p ET Sunday, August 30, 2015

Dear Friend of GATA and Gold:

Zero Hedge reports today that foreign government gold continued to be withdrawn from the Federal Reserve Bank of New York in July, another 9.5 tonnes:

http://www.zerohedge.com/news/2015-08-30/2014-foreign-central-banks-have...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Monday-Tuesday, November 23-24, 2015

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Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

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http://www.gata.org/node/16

ISIS advertises its new gold coins but still pays its gunmen in U.S. dollars

Sun, 08/30/2015 - 15:08

ISIS Release Pictures of Their New Gold Coins They Say Will 'Break Capitalist Enslavement' -- So Why Are They Still Paying Their Deranged Gunmen in U.S. Dollars?

By Tom Wyke
Daily Mail, London
Sunday, August 30, 2015

ISIS have released a new hour-long video, showing off their latest propaganda tool -- their very own coin currency.

The video, which includes a dreary and distorted history of world economics, shows the smelting of gold, silver, and copper coins.

Dramatised by clips from Hollywood war films, the film accuses the United States of "confiscating Americans' real wealth through an executive decree" with the introduction of the Gold Reserve Act in 1934.

Yet despite their glorification of their new currency, ISIS have no other means to pay their band of jihadis except through the use of U.S. dollars. ...

... For the remainder of the report:

http://www.dailymail.co.uk/news/article-3215910/ISIS-release-pictures-ne...

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Wednesday-Saturday, October 28-31, 2015

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Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

App for that? BitGold looks to take gold savings mainstream

Sun, 08/30/2015 - 14:59

By Ian Bickis
The Canadian Press
via CTV News, Toronto
August 30, 2015

CALGARY, Alberta, Canada -- Want to buy gold as a savings alternative? Well, you guessed it -- there's an app for that.

Josh Crumb, co-founder of BitGold, says he created the software that automatically links buyers to bullion dealers and storage companies because he wanted to make it easier for people to own gold as a hedge against inflation and as a store of value.

"It's just so much easier, like everything else, to do it from your mobile phone," Crumb said.

The system charges a 1 percent fee to exchange cash into gold and back but storage is free. It also allows users to transfer their gold value to a prepaid credit card, so they can actually buy a cup of coffee with their gold holdings, Crumb said.

"It gives the ability without having to go to coin shops and shave off some flakes of gold to buy something." ...

... For the remainder of the report:

http://www.ctvnews.ca/business/app-for-that-bitgold-looks-to-take-gold-s...

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Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

Reuters: South Africa to promote platinum as central bank reserve asset

Sat, 08/29/2015 - 17:47

So why haven't they figured this out for gold too? Are there no patriots in South Africa's government?

* * *

South African Mine Industry Job Plan Targets Platinum as Central Bank Reserve Asset

By Ed Stoddard
Reuters
Wednesday, August 26, 2015

JOHANNESBURG, South African -- South Africa's mining industry, unions, and the government have committed to a broad plan to stem job losses, including boosting platinum by promoting the metal as a central bank reserve asset, according to a draft agreement seen by Reuters on Wednesday.

The parties also said they would strive to delay layoffs, sell distressed mining assets instead of closing them, and look at ways of streamlining the legal process employers must follow to cut jobs.

The mining industry, which contributes around 7 percent to Africa's most developed economy, is struggling with sinking commodity prices, rising costs, and labor unrest, forcing a number of companies into mine closures and layoffs.

The agreement is expected to be signed on Monday next week after its details were hammered out on Tuesday.

The draft agreement lays out 10 wide interventions including getting the BRICS group of emerging nations to hold "platinum as a reserve asset" -- like gold -- in their central banks. Brazil, Russia, India, China, and South Africa comprise the BRICS.

South Africa sits on close to 80 percent of the world's known reserves of platinum, a metal used in emissions-capping catalytic converters and facing depressed demand. ...

... For the remainder of the report:

http://www.reuters.com/article/2015/08/26/us-safrica-mining-idUSKCN0QV0W...

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New Orleans Investment Conference
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Wednesday-Saturday, October 28-31, 2015

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Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

At KWN, Maguire cites 'permanent' backwardation, repatriation delays

Fri, 08/28/2015 - 16:04

3p ET Friday, August 28, 2015

Dear Friend of GATA and Gold:

Interviewed today by King World News, London metals trader Andrew Maguire describes increasing strains in the gold banking system, including "permanent" backwardation and delays in gold repatriations. Maguire's interview is excerpted at the KWN blog here:

http://kingworldnews.com/andrew-maguire-warns-recent-chaos-is-a-prelude-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Join GATA here:

New Orleans Investment Conference
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Wednesday-Saturday, October 28-31, 2015

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The Silver Summit and Resource Expo 2015
Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

TF Metals Report: August gold delivery update

Fri, 08/28/2015 - 11:37

10:35a ET Friday, August 28, 2015

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson today reviews deliveries reported for August gold contracts on the New York Commodities Exchange and concludes:

"The entire Comex delivery scheme is nothing but a paper shuffle of warehouse receipts. Very little real gold is ever moved. Each 'delivery' month is just a shell game where the banks simply pass ownership claims back and forth."

Far from making a market, the point of the Comex in gold seems to be to prevent a market from ever developing.

The TF Metals Report's analysis is headlined "August Gold Delivery Update" and it's posted here:

http://www.tfmetalsreport.com/blog/7099/august-gold-delivery-update

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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The Silver Summit and Resource Expo 2015
Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

Is the Fed behind the stock market and commodity crashes?

Thu, 08/27/2015 - 18:33

5:32p ET Thursday, August 27, 2015

Dear Friend of GATA and Gold:

Suspicion is growing that the Federal Reserve is behind the crash of the stock market as well as the crash of the commodity market.

Financial writer Charles Hugh Smith, in commentary reposted at Zero Hedge yesterday, headlined his analysis "What If the Crash Is as Rigged as Everything Else?":

http://charleshughsmith.blogspot.com/2015/08/what-if-crash-is-as-rigged-...

Today Leonard Brecken of Oilprice.com asks, "Did the Fed Intentionally Spark a Commodity Selloff?":

http://oilprice.com/Energy/Energy-General/Did-The-Fed-Intentionally-Spar...

Of course back in 2001 the British economist Peter Warburton, in his essay "The Debasement of World Currency: It Is Inflation But Not as We Know It," wrote that Western central banks were using their investment bank agents and derivatives to suppress commodity prices generally to prevent commodities from being used as hedges against monetary inflation:

http://www.gata.org/node/8303

And last year it was disclosed by filings at the U.S. Commodity Futures Trading Commission and Securities and Exchange Commission that CME Group, operator of the major futures exchanges in the United States, offers secret futures trading accounts and discounts to central banks and governments and considers central banks and governments to be among its major customers:

http://www.gata.org/node/14385

http://www.gata.org/node/14411

These are matters financial journalism would pursue if it existed in the West.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

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Avery Goodman: Fed spent $23 billion in three days but still had trouble pushing up stocks

Thu, 08/27/2015 - 18:04

5:03p ET Thursday, August 27, 2015

Dear Friend of GATA and Gold:

Colorado securities lawyer Avery Goodman writes today that the U.S. stock market's recent recovery is entirely a matter of the Federal Reserve's injection of unprecedented amounts of money via "temporary open market operations" through primary dealers in U.S. government securities -- and for a while even the unprecedented amounts failed to halt the market's slide.

Goodman writes: "Absent money printing, there will be a very large decline in stock prices. We do not yet know the timing. If the decision is to print more money, as is likely, stocks will rise when looked at in nominal terms. However, the Fed will lose so much credibility that the value of the dollar will be greatly impacted. For that reason a significant delay in making that decision will probably occur. Stocks must fall first, and the techniques they are now using must be proven to be a definitive failure."

People should send Goodman's analysis to their members of Congress and ask them to report whether the Fed is operating as he describes and, if so, if the country has exchanged free markets for a covert command economy.

Goodman's analysis is headlined "The Fed Spent $23 Billion in 3 Days But Still Had a Hard Time Pushing Up Stocks" and it's posted at Seeking Alpha here:

http://seekingalpha.com/article/3472286-the-fed-spent-23-billion-in-3-da...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

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USAGold: Great prices, quick delivery -- all the time.

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2015

https://jeffersoncompanies.com/landing/gata

The Silver Summit and Resource Expo 2015
Hyatt Regency Hotel, San Francisco
Monday-Tuesday, November 23-24, 2015

http://cambridgehouse.com/event/50/the-silver-summit-and-resource-expo-2...

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

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