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Swiss may vote on preventing cashless society

Section: Daily Dispatches

By John Stonestreet
Reuters
Monday, February 6, 2023

Swiss citizens will get the chance to try to ensure that their economy never becomes cashless, a pressure group said, after collecting enough signatures to trigger a popular vote on the issue.

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Newmont bids for Australia's Newcrest but it may not be enough

Section: Daily Dispatches

By Melanie Burton and Scott Murdoch
Reuters
Monday, February 6, 2023

MELBOURNE, Australia -- Top gold producer Newmont Corp said it had made a $16.9 billion offer for Australian peer Newcrest Mining Ltd. to build a global gold behemoth, although investors and analysts said it undervalued the target amid a leadership change.

Newcrest is seeking a new boss, with previous chief executive Sandeep Biswas having stepped down in December, while global interest rates are expected to peak this year and turn down, improving the outlook for gold prices.

Nouriel Roubini: A bipolar currency regime will replace the dollar's exorbitant privilege

Section: Daily Dispatches

By Nouriel Roubini
Financial Times, London
Sunday, February 5, 2023

The U.S. dollar has been the predominant global reserve currency since the design of the Bretton Woods system after the second world war. Even the move from fixed exchange rates in the early 1970s did not challenge the greenback's "exorbitant privilege."

Indian refiners pay traders in UAE dirhams for Russian oil, Reuters says

Section: Daily Dispatches

By Nidhi Verma
Reuters
Friday, Febraruy 3, 2023

NEW DELHI -- Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of U.S. dollars, four sources with knowledge of the matter said.

NPR discovers the new global gold rush

Section: Daily Dispatches

By Stacey Vanek Smith
National Public Radio, Washington
Friday, February 3, 2023

2022 was a rough year for investors: Between inflation, falling stock prices, and the crypto crash, it was hard to find a safe haven.

All of that economic turmoil had a lot of investors looking at one of the most ancient places to store wealth: gold.

For decades, investing in gold has been seen as a very old school investment, for the maverick, perhaps slightly anti-establishment investor.

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Wyoming Senate votes to hold, invest, and receive tax payments in gold and silver

Section: Daily Dispatches

By 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.

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