Wyoming Senate approves bill to hold $10 million in physical gold
Submitted by admin on Sat, 2025-02-01 17:05 Section: Daily DispatchesBy Jp Cortez
Money Metals Exchange, Eagle, Idaho
Friday, January 31, 2025
CHEYENNE, Wyoming -- With an overwhelming majority, the Wyoming state Senate has voted favorably on legislation that would establish a stockpile of gold for the Cowboy State.
Sponsored by sound-money champion Sen. Bob Ide and backed by Money Metals Exchange and the Sound Money Defense League, Senate File 96 mandates the state treasurer to invest $10 million of state funds in securely stored physical gold and silver.
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Indian government discontinues sovereign gold bond scheme due to high cost of borrowing
Submitted by admin on Sat, 2025-02-01 14:40 Section: Daily DispatchesWhat a pity. Indians will have to keep accumulating actual metal instead of government paper.
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By Meghna Mittal
Moneycontrol, Mumbai, India
Saturday, February 1, 2025
India's government has decided to discontinue the sovereign gold bond scheme, citing the high cost of borrowing associated with the instrument.
Finance Minister Nirmala Sitharaman confirmed the decision today during the post-budget media briefing when asked about the future of the scheme.
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Alasdair Macleod: Turmoil with gold is a lot more than tariffs
Submitted by admin on Sat, 2025-02-01 09:27 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Saturday, February 1, 2025
A Comex exchange-for-physical crisis is in progress, repeating the disruption during covid. The media story blames Trump’s potential tariffs. But is this the real reason gold is hitting new highs?
Vince Lanci: It's not tariffs -- it's that everybody, even the U.S., wants its gold back
Submitted by admin on Fri, 2025-01-31 19:26 Section: Daily Dispatches7:26p ET Friday, January 31, 2024
Dear Friend of GATA and Gold:
Fund manager and market analyst Vince Lanci of Echo Bay Partners in Stamford, Connecticut, today examines the turmoil in the London gold market and concludes that it arises from far more than the fear of tariffs.
He construes the turmoil as signifying that many people around the world have figured out the fractional-reserve basis of Western gold price suppression policy and want to repatriate their gold -- including people in the United States.
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JPMorgan planning $4 billion gold delivery in U.S. amid tariff fears
Submitted by admin on Fri, 2025-01-31 18:17 Section: Daily DispatchesBy Jack Ryan and Jack Farchy
Bloomberg News
Friday, January 31, 2025
JPMorgan Chase & Co. will deliver gold bullion valued at more than $4 billion against futures contracts in New York in February, at a time when surging prices and the threat of import tariffs are fueling a worldwide dash to ship metal to the United States.
Why there's now 'incredible demand for physical gold' in New York market
Submitted by admin on Fri, 2025-01-31 13:58 Section: Daily DispatchesBy Myra P. Saaefong
MarketWatch, New York
via Dow Jones Newswires and Morningstar, New York
Friday, January 31, 2025
Comex gold warehouse stocks have climbed 30% in two weeks
A rush on physical gold, thanks to President Donald Trump's tariff plans, has fueled a rise in prices of the precious metal to fresh record highs.
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