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Daily Dispatches
Utah approves putting state money into gold and silver to protect state reserve funds
Submitted by admin on Fri, 2024-03-22 20:26 Section: Daily DispatchesFrom Money Metals News Service
Money Metals Exchange, Eagle, Idaho
Friday, March 22, 2024
Utah Governor Spencer Cox signed on Thursday legislation empowering the state treasurer to secure state funds with a significant allocation to physical gold and silver.
Sponsored by state Rep. Ken Ivory, House Bill 348 permits the treasurer to hold up to 10% of certain state reserve accounts in precious metals to help secure state assets against the risks of inflation and financial turmoil and/or to achieve capital gains as measured in Federal Reserve Notes.
Jan Nieuwenhuijs: China has taken gold price control away from the West
Submitted by admin on Fri, 2024-03-22 11:52 Section: Daily Dispatches11:53a ET Friday, March 22, 2024
Dear Friend of GATA and Gold:
Gold researcher Jan Nieuwenhuijs reports today that China's net gold imports for 2024 have turned out to be double what he estimated in his analysis called to your attention by GATA yesterday and so he has updated the analysis at the Gainesville Coins internet site. He now headlines it "China Has Taken Over Gold Price Control from the West" and it's posted at the Gainesville Coins internet site here:
Despite rising gold prices, investors leave miners behind
Submitted by admin on Thu, 2024-03-21 17:05 Section: Daily DispatchesBy Gabriel Friedman
National Post, Toronto
Thursday, March 21, 2024
Two decades ago rising gold prices launched a historic bull run in Canada's gold mining sector. Now, bullion is popping to all-time highs again, but this time investors are fleeing gold miners’ stocks in droves.
Even gold exchange-traded funds, which use investors' money to acquire physical stockpiles of bullion, are contracting as gold prices rise, which is precisely the opposite of what many analysts expected.
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To liberate the monetary metals markets, GATA needs your help
Submitted by admin on Thu, 2024-03-21 16:41 Section: Daily Dispatches4:40p ET Thursday, March 21, 2024
Dear Friend of GATA and Gold:
Since gold and even silver seem to be enjoying a sustained rally, since government stupidity and corruption are reaching new heights too, and since sentiment in our long-depressed sector may be improving, this may be the time for GATA to ask for your help, which we haven't done in a long time.
JP Cortez: Fixing FDR's blunder: from gold standard to fiat folly and back
Submitted by admin on Thu, 2024-03-21 16:35 Section: Daily DispatchesBy JP Cortez
Real Clear History, Washington, D.C.
Wednesday, March 20, 2024
States across the country are beginning to embrace pro-sound money legislation, inviting a critical examination of how America abandoned the gold standard of money and racked up $34.5 trillion in debt.
To understand how we got here, it's important to understand the policy that initiated our monetary decline.
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Jan Nieuwenhuijs: Chinese central bank purchases secretly fueled perfect storm in gold in 2023
Submitted by admin on Thu, 2024-03-21 16:21 Section: Daily Dispatches6:41a ET Friday, March 22: Jan Nieuwenhuijs plans an urgent update to this report today. / cp
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By Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Thursday, March 21, 2024
The People's Bank of China bought 735 tonnes of gold in 2023, of which about two thirds were bought covertly.
Wisconsin ends sales taxes on gold and silver
Submitted by admin on Thu, 2024-03-21 16:12 Section: Daily DispatchesBy JP Cortez
Money Metals Exchange, Eagle, Idaho
Thursday, March 21, 2024
Responding to an overwhelming groundswell of grassroots pressure, Wisconsin Gov. Tony Evers today signed into law a bill that secures Wisconsin's place as the 44th state in America to end sales taxes on the purchase of precious metals.
Assembly Bill 29 and Senate Bill 33, carried by Rep. Sortwell and Sen. Stroebel, respectively, enjoyed strong bipartisan support in both chambers of the Wisconsin legislature before it landed on Gov. Evers' desk.
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New book reveals history of U.S. dollar weaponization
Submitted by admin on Wed, 2024-03-20 18:02 Section: Daily DispatchesBy Neil Irwin
Axios, Arlington, Virginia
Wednesday, March 20, 2024
Some of the most important instruments of U.S. global power are deployed not by the warfighters at the Pentagon or the diplomats at the State Department, but by bureaucrats at 1500 Pennsylvania Ave. -- the U.S. Treasury Department.
The big picture: A new book out this week brings to life the narrative of how Treasury officials have used the U.S. dollar as a tool of American foreign policy over the last three decades -- along with the hazards that has created.
Turks pile into the dollar, gold, and stocks as 67% inflation savages lira
Submitted by admin on Wed, 2024-03-20 17:52 Section: Daily DispatchesBy Scott McLean, Ipek Yezdani, and Anna Cooban
CNN, Atlanta
Wednesday, March 20, 2024
Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others nervously pacing.
This "standing market" -- a low-rent version of a chaotic stock exchange floor -- is where Istanbul's traders come to deal in precious metals and currencies. These days it's dollars and gold they're after. Turkish lira, not so much.
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To continue working for free monetary metals markets, GATA needs your help
Submitted by admin on Wed, 2024-03-20 14:11 Section: Daily Dispatches2:10p ET Wednesday, March 20, 2024
Dear Friend of GATA and Gold:
Since gold and even silver seem to be enjoying a sustained rally, since government stupidity and corruption are reaching new heights too, and since sentiment in our long-depressed sector may be improving, this may be the time for GATA to ask for your help, which we haven't done in a long time.
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