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Daily Dispatches
India's gold imports increase by 23% to $34.6 billion in 2020-21
Submitted by admin on Mon, 2021-04-19 11:43 Section: Daily DispatchesFrom the Press Trust of India
via The Times of India, Mumbai
Sunday, April 18, 2021
NEW DELHI -- Gold imports, which have a bearing on the country's current account deficit, rose by 22.58 per cent to US$34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data.
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California gold fever still reigns as new prospectors seek to reopen giant mine
Submitted by admin on Sun, 2021-04-18 15:52 Section: Daily DispatchesBy Kurtis Alexander
San Francisco Chronicle
Sunday, April 18, 2021
GRASS VALLEY, California -- It has been a long time since California's gold country has churned out any big mining fortunes.
The rush of prospectors and the blasting of ore have given way to small towns comfortable in the quiet of the foothills. The glory of the Mother Lode today lives largely in history museums, local tourism ads and an occasional bar named the Mine Shaft or Golden Era.
But that doesn't mean there's no gold.
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Biden shows he too will wield U.S. financial system as foreign policy weapon
Submitted by admin on Sun, 2021-04-18 11:34 Section: Daily DispatchesBy Katrina Manson
Financial Times, London
Saturday, April 17, 2021
By using American banks as a cudgel against Russia, Joe Biden has shown his willingness to weaponise the U.S. financial system against foes, continuing a tactic honed during the Obama years and dramatically ramped up under Donald Trump.
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Production Due Soon from VanGold Mining
in Silver and Gold District in Central Mexico
U.S. rigs gold to defend dollar and control interest rates, GATA secretary tells Palisades Gold Radio
Submitted by admin on Sun, 2021-04-18 11:10 Section: Daily DispatchesFrom Palisades Gold Radio
Saturday, April 17, 2021
Palisades Gold Radio's Tom Bodrovics welcomes Chris Powell, secretary treasurer of the Gold Anti-Trust Action Committee, to the show.
Help Chris Marcus question the CFTC, though we already know the big answer
Submitted by admin on Sat, 2021-04-17 21:36 Section: Daily Dispatches9:56p ET Saturday, April 17, 2021
Dear Friend of GATA and Gold (and Silver):
Chris Marcus of Arcadia Economics has assembled a compelling list of questions about what seems like the indifference of the U.S. Commodity Futures Trading Commission to misconduct and manipulation in the silver market, which the commission is supposed to regulate.
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Try to remember where you put your gold, since you can't take it with you
Submitted by admin on Fri, 2021-04-16 12:12 Section: Daily DispatchesFrench Town Perplexed by Gold Bars and Coins Found Stashed in Old House
By Angelique Chrisafis
The Guardian, London
Friday, April 16, 2021
The surprise discovery of three jam jars filled with gold bars and hundreds of gold coins in an old building marked for renovation has left a mountain community in eastern France perplexed and celebrating.
China opens its borders to multi-billion-dollar gold imports, sources tell Reuters
Submitted by admin on Fri, 2021-04-16 09:37 Section: Daily DispatchesBy Xiao Han, Peter Hobson and Swati Verma
Reuters
via Yahoo News
Friday, April 16, 2021
China has given domestic and international banks permission to import large amounts of gold into the country, five sources familiar with the matter said, potentially helping to support gold prices after a months-long decline.
China is the world's biggest gold consumer, gobbling up hundreds of tonnes worth tens of billions of dollars each year, but its imports plunged as the coronavirus spread and local demand dried up.
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Palisades Gold Radio interviews Money Metals Exchange's Stefan Gleason
Submitted by admin on Thu, 2021-04-15 22:47 Section: Daily DispatchesBy Tom Bodrovicx
Palisades Gold Radio
Thursday, April 16, 2021
We welcome Stefan Gleason, president of Money Metals Exchange, to the show.
The idea of sound money is something that holds its value over time, in contrast to fiat currencies. The market has chosen gold and silver over thousands of years as the money that sustains and preserves purchasing power.
Alasdair Macleod: Why the future's money is gold and silver, not bitcoin
Submitted by admin on Thu, 2021-04-15 22:35 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, April 15, 2021
Here is a reminder why gold and silver always will be sound money and why bitcoin cannot fill that role
With bitcoin's price still rising and expected to rise even more, there has been a growing belief in cryptocurrency circles that it will replace unbacked government currencies when they eventually fail.
The assumptions behind this conclusion are naïve, exposing hardly any knowledge in what qualities are needed for sound money.
To boost revenue, Philippines terminates nine-year ban on new mines
Submitted by admin on Thu, 2021-04-15 21:01 Section: Daily DispatchesBy Enrico Cruz
Reuters
Thursday, April 15, 2021
Philippine President Rodrigo Duterte has lifted a moratorium on new mineral agreements imposed in 2012, reopening the door to investments in a move that will boost state coffers but has dismayed environmental activists.
The Philippines, the top supplier of nickel ore to China and a major producer of copper and gold, imposed the moratorium while the government worked on legislation to boost the state's share of mining revenues. Since 2018 the excise tax on minerals has doubled to 4%.
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