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Daily Dispatches
India plans 'gold savings accounts' to reduce demand for real metal -- and thus its price
Submitted by admin on Sat, 2022-01-22 10:39 Section: Daily DispatchesHow stupid does the government think its people are? Comprehensively stupid.
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Gold Savings Accounts Likely to Check Widening Current Account Deficit
By Sutanuka Ghosal
The Times of India, Mumbai
Saturday, January 22, 2022
The case for 'digital gold' unravels as bitcoin's plunge deepens
Submitted by admin on Fri, 2022-01-21 19:35 Section: Daily DispatchesBy Akayla Gardner
Bloomberg News
Friday, January 21, 2021
The argument Bitcoin is a form of "digital gold" is falling apart.
As the largest cryptocurrency slips to $38,000, the lowest price since August, its decline in tandem with risk assets such as tech stocks is casting a shadow on a long-touted similarity to gold.
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Emirates take on LBMA with launch of UAE Good Delivery Standard for gold
Submitted by admin on Fri, 2022-01-21 19:19 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Friday, January 21, 2022
In the ongoing tug of war between the gold trading centres of, on the one hand, the United Arab Emirates, and, on the other, the axis of London-Switzerland, the UAE has now thrown down the gauntlet with the launch of a UAE Good Delivery Standard for gold, a system that will go into effect in February.
Import duty on gold may be slashed in India's budget
Submitted by admin on Fri, 2022-01-21 16:42 Section: Daily DispatchesBy Annapurna Singh
Deccan Herald, Bengalore, India
Friday, January 21, 2022
The government may reduce import duty on gold in the Union budget to curb the exponential rise in smuggling that has not only impacted the government's tax revenues but also the export of gems and jewellery from the country.
Oklahoma to consider investing state funds in gold and silver
Submitted by admin on Thu, 2022-01-20 20:36 Section: Daily DispatchesBy JP Cortez
Money Metals News Service, Eagle, Idaho
Thursday, January 20, 2022
An Oklahoma state representative today introduced legislation that would enable the state treasurer to protect Sooner State funds from inflation and financial risk by holding physical gold and silver.
Introduced by Rep. Sean Roberts, HB 3681 would include physical gold and silver, owned directly, to the list of permissible investments the state treasurer can hold.
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New York Sun: The Fed and crypto -- back to basics
Submitted by admin on Thu, 2022-01-20 20:28 Section: Daily DispatchesFrom The New York Sun
Thursday, January 20, 2022
Could the announcement that the Federal Reserve is weighing "the pros and cons" of issuing a "digital currency" be a chance to move to center stage the question of monetary reform?
That is our optimistic interpretation of the discussion paper issued this afternoon by the central bank. For it will soon be confronted with the question of how a digital dollar might, or might not, be defined -- and who defines it.
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Fed launches review of possible central bank digital currency
Submitted by admin on Thu, 2022-01-20 20:01 Section: Daily DispatchesBy Andrew Ackerman
The Wall Street Journal
Thursday, January 20, 2022
WASHINGTON—The Federal Reserve today launched a review of the potential benefits and risks of issuing a U.S. digital currency, as central banks around the world experiment with the potential new form of money to keep pace with private-sector payments innovations.
Alasdair Macleod: Understanding the inflation problem
Submitted by admin on Thu, 2022-01-20 12:56 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, January 20, 2022
In recent weeks inflation has become a major economic concern. Nearly all the commentary emanating from monetary policy makers, economists, and the media is misguided, believing inflation is rising prices and must be addressed accordingly.
Delightful speculation on the new gold price needed to back the U.S. dollar
Submitted by admin on Wed, 2022-01-19 15:29 Section: Daily Dispatches3:35p ET Wednesday, January 19, 2022
Gold Newsletter editor Brien Lundin today calls attention to a new report by Myrmikan Capital's Dan Oliver about the gold price that would be necessary for U.S. gold reserves to back the dollar at levels that once were traditional:
Will this be the year of sound money in the U.S.?
Submitted by admin on Tue, 2022-01-18 21:32 Section: Daily DispatchesBy JP Cortez
Money Metals News Service, Eagle, Idaho
Tuesday, January 18, 2022
Last year was a good year for state-level sound-money legislation across the United States, and 2022 could be even better.
Building on the success enjoyed by sound-money advocates in Arkansas and Ohio last year, more than a half dozen states are now considering legislation that rolls back discriminatory taxes and regulations on the sale, use, and purchase of gold and silver.
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