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Daily Dispatches
Wyoming Senate votes to hold, invest, and receive tax payments in gold and silver
Submitted by admin on Thu, 2023-02-02 19:00 Section: Daily DispatchesBy JP Cortez
Money Metals News Service
Eagle, Idaho
Thursday, February 2, 2023
CHEYENNE, Wyoming -- The Wyoming State Senate today voted 16-15, on a bipartisan basis, to pass a bill prompting the state treasurer to hold gold and silver "specie" to protect the state -- as well as establish a process to receive certain tax payments in specie.
Alasdair Macleod: The real war is in currencies, not Ukraine
Submitted by admin on Thu, 2023-02-02 11:31 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, February 2, 2023
In the war between the Western alliance and the Asian axis, the media focus is on the Ukrainian battlefield. The real war is in currencies, with Russia capable of destroying the dollar.
So far, Russian President Vladimir Putin's actions have been relatively passive. But already both Russia and China have accumulated enough gold to implement gold standards. It is now overwhelmingly in their interests to do so.
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Russian mercenaries fight for gold mines in Central African Republic
Submitted by admin on Thu, 2023-02-02 11:21 Section: Daily DispatchesBy Zeinab Mohammed Salih and Jason Burke
The Guardian, London
Thursday, February 2, 2023
Russian mercenaries from the Wagner Group have sustained heavy casualties in a new surge of fighting between government troops and rebels over the control of lucrative goldmines in Central African Republic.
The clashes come amid increasing instability in the anarchic, resource-rich country, which in recent years has become one of Russia’s main hubs of influence in sub-Saharan Africa.
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Amid soaring inflation, Turkey's government and people hurl themselves into gold
Submitted by admin on Wed, 2023-02-01 10:05 Section: Daily DispatchesGold as Inflationary Hedge Makes Turkey World's Biggest Buyer
ByKerim Karakaya and Beril Akman
Bloomberg News
Tuesday, January 31, 2023
Turkey was the biggest buyer of gold among central banks last year, with households also rushing to buy the commodity to shield from geopolitical uncertainty and rampant inflation.
The central bank's gold reserves were at the highest level on record, the World Gold Council said in a report today. The official figure was 542 tonnes, up by 148 tonnes.
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USAGold's February 'News & Views' notes gold's return as a reserve currency
Submitted by admin on Wed, 2023-02-01 09:56 Section: Daily Dispatches10a ET Wednesday, February 1, 2023
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for February is published today and among its many short and sweet observations, maybe the most important one is that gold is returning as an international feserve currency, making it a compelling option for ordinary investors.
The February edition of "News & Views" is posted at USAGold here:
Alaska gold and copper mine blocked over environmental concerns
Submitted by admin on Tue, 2023-01-31 20:27 Section: Daily DispatchesBy Patrick White
Associated Press
Tuesday, January 31, 2023
JUNEAU, Alaska -- The U.S. Environmental Protection Agency took an unusually strong step today and blocked a proposed mine heralded by backers as the most significant undeveloped copper and gold resource in the world. The EPA cited concerns about the project's environmental impact on a rich Alaska aquatic ecosystem that supports the world's largest sockeye salmon fishery.
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Robert Lambourne: After sharp rise in November, BIS gold swaps ended the year at zero
Submitted by admin on Tue, 2023-01-31 14:47 Section: Daily DispatchesBy Robert Lambourne
Tuesday, January 31, 2023
Based on its December statement of account, published today --
https://www.bis.org/banking/balsheet/statofacc221231.pdf
-- the Bank for International Settlements, the central bank of the central banks and their gold broker, appears to have closed its gold swap business as of the end of the year.
Craig Hemke at Sprott Money: The busy week ahead for gold
Submitted by admin on Tue, 2023-01-31 13:44 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, January 31, 2023
While there will be all sorts of economic and geopolitical headlines in the days ahead, two events that will drive precious metals stand out.
The first will be the conclusion of the January Federal Open Market Committee meeting on Wednesday. The second will be the release of the January U.S. jobs report on Friday.
If Comex gold and silver can successfully navigate both, the possibility of a February rally will grow.
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'Colossal' central bank buying drives gold demand to decade high
Submitted by admin on Tue, 2023-01-31 08:49 Section: Daily DispatchesBy Harry Dempsey
Financial Times, London
Tuesday, January 31, 2023
Demand for gold surged to its highest in more than a decade in 2022, fuelled by "colossal" central bank purchases that underscored the safe haven asset's appeal during times of geopolitical upheaval.
Annual gold demand increased 18% last year to 4,741 tonnes, the largest amount since 2011, driven by a 55-year high in central bank purchases, according to the World Gold Council, an industry-backed group.
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Biden to block Pebble gold mine in salmon-rich area in Alaska
Submitted by admin on Mon, 2023-01-30 20:52 Section: Daily DispatchesBy Jennifer A. Dlouhy
Bloomberg News
Monday, January 30, 2023
The Biden administration is set to ban the dumping of mining waste near Bristol Bay, Alaska, by issuing a decree that thwarts longstanding plans to extract gold, copper, and molybdenum because of potential harm to the region's thriving sockeye salmon industry.
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