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Daily Dispatches
Sound money legislation introduced in Mississippi
Submitted by admin on Mon, 2023-01-16 21:57 Section: Daily DispatchesFrom Money Metals News Service
Eagle, Idaho
Monday, January 16, 2023
Lawmakers in Jackson, Mississippi, have just introduced legislation to exempt gold and silver coins, bars, and rounds from the state's sales tax.
Rep. Jill Ford has reintroduced House Bill 508 at the beginning of the 2023 session.
This year's legislative effort seeks to build on last year's momentum. Last year Ford's sales tax exemption bill passed out of the Mississippi House of Representatives overwhelmingly but it missed a deadline in the Senate needed to receive a hearing.
41,000 metric tonnes of fuel delivered to Ghana in exchange for gold
Submitted by admin on Mon, 2023-01-16 14:15 Section: Daily DispatchesBy Donald Ato Dapatem
Graphic Online, Accra, Ghana
Monday, January 16, 2023
The first consignment from the gold-for-oil policy of the government to stem the increasing depreciation of the cedi against the major currencies has arrived at the Tema Port and been discharged into the receptacles of Bulk Oil Storage and Transportation Co. (BOST), Graphic Online has gathered.
The 41,000 metric tonnes of the petroleum products delivered by SCF YENISEI would be sold by BOST to bulk distributing companies (BDCs) around Ghana, a source has told Graphic Online.
Bullion dealer Schectman reviews trend away from dollar, praises GATA
Submitted by admin on Mon, 2023-01-16 11:54 Section: Daily Dispatches11:53a ET Monday, January 16, 2023
Dear Friend of GATA and Gold:
Interviewed last week by Dunagun Kaiser of Liberty and Finance, Andy Schectman of coin and bullion dealer Miles Franklin reviewed the world's steady migration toward the monetary metals and commodities and away from the U.S. dollar in anticipation of a transformation of the international financial system. Schectman also discusses what he considers excessive premiums for U.S. silver eagle coins as compared with other silver products.
Zimbabwe discovers its gold money may work; IMF wants it to stop
Submitted by admin on Mon, 2023-01-16 11:09 Section: Daily DispatchesZimbabwe's Gold Coins Sell Above $2,000 Each For The First Time
By Ray Ndlovu and Rene Vollgraaff
Bloomberg News
Monday, January 16, 2023
Zimbabwe's gold coins introduced in July are selling above $2,000 for the first time.
South China Morning Post: China and Russia are 'almost certainly' weaponizing gold
Submitted by admin on Sat, 2023-01-14 18:36 Section: Daily DispatchesMove Over, Cryptocurrency -- Gold Could Have the Last Laugh This Year
By Anthony Rowley
South China Morning Post, Hong Kong
Sunday, January 15, 2023
There has been considerable excitement in the gold market lately with the price touching US1,900 an ounce last year and appearing likely to breach US$2,000 before long. But what is happening below the radar with the huge buildup of central bank gold holdings is of greater interest.
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Gold giant JPMorgan may move into precious metals clearing in Zurich
Submitted by admin on Sat, 2023-01-14 10:14 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
Thursday, January 12, 2023
JPMorgan Chase & Co. is looking to start clearing precious metals trades in Zurich, something that for years has been dominated by just two Swiss banks.
The lender may begin to offer to settle its clients’ trades using metal located in Zurich, according to people familiar with the matter who asked not to be identified as the information is private.
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Russian bank's digital gold may lead to gold payment for commodities, Maguire says
Submitted by admin on Fri, 2023-01-13 21:24 Section: Daily Dispatches9:22p ET Friday, January 13, 2023
Dear Friend of GATA and Gold:
The digital tokens for gold now being issued by Russia's Sberbank may clear a path for the use of gold for payment for commodities in Russia, London metals trader Andrew Maguire says in this week's "Live from the Vault" program from Kinesis Money.
Tennessee legislators propose a state bullion depository
Submitted by admin on Fri, 2023-01-13 20:15 Section: Daily DispatchesFrom Money Metals News Service
Eagle, Idaho
Thursday, January 12, 2023
Building on the success of passing a full sales tax exemption on precious metals (HB 1874 and SB 1857) in 2022, lawmakers in Tennessee have set their sights on another pro-sound money effort: an in-state bullion depository.
Alasdair Macleod: The evolution of credit and debt in 2023
Submitted by admin on Thu, 2023-01-12 18:43 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, January 12, 2023
The evidence strongly suggests that a combined interest rate, economic, and currency crisis for the United States and its Western alliance will continue in 2023.
Ronan Manly: China's gold purchase announcements have strategic purpose
Submitted by admin on Wed, 2023-01-11 14:02 Section: Daily Dispatches2p ET Wednesday, January 11, 2023
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly writes today that China's announcements of gold purchases are made strategically, to remind the world that China is a big power in the currency markets, and that while many months may pass without such announcements, China is probably acquiring gold steadily anyway in pursuit of a plan to hold the world's largest gold reserve.
Indeed, Manly adds, China already may be nearing that point.
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