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Daily Dispatches
Jan Nieuwenhuijs: France has repatriated all its monetary gold
Submitted by admin on Sun, 2022-04-17 10:34 Section: Daily Dispatches10:30a ET Sunday, April 17, 2022
Dear Friend of GATA and Gold:
France, which long has recognized gold's enduring monetary functions, appears to have repatriated all its gold from foreign vaults in support of its longstanding objective of turning Paris into a gold trading center associated with the Banque de France, gold researcher Jan Nieuwenhuijs writes this week. The French central bank, Nieuwenhuijs writes, has been steadily increasing its facilities for gold trading.
Maguire and Kranzler discuss whether Russia is triggering a monetary system reset
Submitted by admin on Sat, 2022-04-16 22:56 Section: Daily Dispatches10:57p ET Saturday, April 16, 2022
Dear Friend of GATA and Gold:
This week's Kinesis Money "Live from the Vault" program has London metals trader Andrew Maguire in a discussion with U.S. financial newsletter writer Dave Kranzler about whether Russia's linking of the ruble to oil and gold foretells a major change in the world financial system.
The program is headlined "Is Russia Triggering the Monetary System Reset?," is 52 minutes long, and can be viewed at YouTube here:
Russian gold miner Petropavlovsk may have to sell all its assets
Submitted by admin on Sat, 2022-04-16 22:46 Section: Daily DispatchesBy Ben Martin
The Times, London
Friday, April 15, 2022
The crisis engulfing Petropavlovsk has intensified after the London-listed Russian gold miner warned investors it was contemplating a sale of all its assets that might leave them with nothing.
Petropavlovsk has been crippled in recent weeks by the fallout of the West's sanctions on Russia, which have effectively blocked the company from selling gold and paying interest on its debt.
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China makes fresh forays into gold mining sector in Tajikistan
Submitted by admin on Sat, 2022-04-16 22:38 Section: Daily DispatchesFrom Eurasianet, New York
Friday, April 15, 2022
Tajikistan's president traveled to the northern Sughd region on April 14 to oversee the opening of a new gold processing plant built by a Chinese investor at a cost of around $136 million.
The enterprise, Talco Gold, will produce up to 2.2 tons of gold and 21,000 tons of antimony annually, according to government officials.
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Catherine Austin Fitts salutes analyst, gold advocate Rob Kirby, who died April 3
Submitted by admin on Fri, 2022-04-15 12:22 Section: Daily Dispatches12:23p ET Friday, April 15, 2022
Dear Friend of GATA and Gold:
Solari Report editor Catherine Austin Fitts today pays tribute to financial analyst, gold advocate, and GATA supporter Rob Kirby, who operated Kirby Analytics in Toronto and died April 3 after a long struggle with COVID-19.
The tribute is posted at the Solari internet site here:
https://home.solari.com/hero-of-the-week-april-18-2022-rob-kirby/
Gold market report credits GATA with exposing price suppression policy and its mechanisms
Submitted by admin on Fri, 2022-04-15 11:56 Section: Daily Dispatches11:56a ET Friday, April 15, 2022
Dear Friend of GATA and Gold:
In their first-quarter summary analysis for Equity Management Associates in Sherborn, Massachusetts, Managing Partners Lawrence Lepard and David Foley review decades of monetary history as they make a case for investing in gold.
Billions of dollars at stake as huge gold mine moves ahead with South Carolina expansion
Submitted by admin on Fri, 2022-04-15 11:35 Section: Daily DispatchesBy Sammy Fretwell
The State, Columbia, South Carolina
Thursday, April 14, 2022
Buried deep in the Lancaster County dirt are billions of dollars in gold that a mining company has been furiously digging for during the past six years.
OceanaGold's effort has drawn praise locally for the hundreds of jobs it created, but the company also has sparked criticism over its failure to follow environmental laws, as well as the massive impact the mine has had on the landscape.
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Alabama passes sound money law, expands sales tax exemption for gold and silver
Submitted by admin on Thu, 2022-04-14 23:26 Section: Daily DispatchesFrom Money Metals News Service
Eagle, Idaho
Thursday, April 14, 2022
MONTGOMERY, Alabama -- With Gov. Kay Ivey's signature on sound money legislation today, Alabama has become the second state this year to expand its sales tax exemption involving gold and silver.
Alabama Senate Bill 13, championed by Sen. Tim Melson and Rep. Jamie Kiel, passed with unanimous support out of the Alabama Senate and then unanimously through the Alabama House before making it to the governor's desk.
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Virginia bullion sales-tax exemption extended and threshold removed
Submitted by admin on Thu, 2022-04-14 12:55 Section: Daily DispatchesFrom CoinWeek
Ormond Beach, Florida
Tuesday, April 12, 2022
On March 2, Virginia Gov. Glenn Youngkin signed House Bill 3, which extends to June 30, 2025, the sunset date for the sales-tax exemption on gold, silver, and platinum bullion and legal tender coins. Under the previous law, the exemption would have expired on June 30, 2022.
Alasdair Macleod: The failure of fiat currencies and the implications for gold and silver
Submitted by admin on Thu, 2022-04-14 12:44 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, April 14, 2022
This is the background text of my keynote speech given yesterday to European Gold Forum.
To explain why fiat currencies are failing I started by defining money. I then described the relationship between fiat money and its purchasing power, the role of bank credit, and the interests of central banks.
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