You are here
Daily Dispatches
Bolivia's lower house passes gold purchase bill to boost reserves
Submitted by admin on Fri, 2023-04-21 21:55 Section: Daily DispatchesFrom Reuters
Friday, April 21, 2023
LA PAZ, Bolivia -- Bolivia's lower house of Congress passed a bill early today to purchase gold from miners in an attempt to boost the central bank's foreign reserves as fears over a shortage of dollars rippled through the country.
In a controversial vote that carried on through the night, the bill failed to pass by majority vote, with more than a third of the house abstaining.
Ted Butler: Goofy conclusions from the Silver Institute
Submitted by admin on Fri, 2023-04-21 20:05 Section: Daily DispatchesBy Ted Butler
SiverSeek.com
Friday, April 21, 2023
Hot off the press is this week's just-released world annual silver survey from the Silver Institute. As previewed a couple of months back, the institute is reporting flat total supply (mining plus recycling) and sharply increased demand growth of 18% or 186 million ounces, resulting in the highest silver deficit in modern times of 237 million ounces.
... Dispatch continues below ...
... ADVERTISEMENT ...
Mississippi becomes 43rd state to end taxes on monetary metals
Submitted by admin on Thu, 2023-04-20 20:13 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Thursday, April20, 2023
With the stroke of Gov. Tate Reeves's pen on Wednesday, Mississippi has become the 43rd state in the country to end sales taxes on the purchase of physical gold, silver, platinum, and palladium coins and bullion.
Senate Bill 2862, sponsored by Sen. Juan Barnett (D-34), had passed out of the full Denate by a vote of 52-0 and sailed through the House of Representatives by a vote of 115-0. The effective date is July 1, 2023.
... Dispatch continues below ...
Police probe theft of $20 million in gold and goods at Toronto airport
Submitted by admin on Thu, 2023-04-20 19:58 Section: Daily DispatchesFrom the Canadian Press
via National Post, Toronto
Thursday, April 21, 2023
MISSISSAUGA, Ontario — More than $20 million worth of gold and other high-value items have been stolen from Toronto Pearson Airport, Peel Regional Police said today.
Duty Insp. Stephen Duivesteyn told media police are investigating the theft that took place early Monday evening after a plane that arrived at the airport was unloaded and its cargo transported to a holding facility.
... Dispatch continues below ...
Australia to overhaul central bank after stumble on inflation and pandemic
Submitted by admin on Thu, 2023-04-20 11:59 Section: Daily DispatchesBy Nic Fildes
Financial Times, London
Thursday, April 20, 2023
Australia's treasurer has announced the biggest shake-up of the country's central bank in its 63-year history, proposing the establishment of a new interest rate-setting board and an overhaul of its culture.
The reforms were unveiled after a review of the Reserve Bank of Australia, the first in four decades, was launched last year following sharp criticism of its handling of interest rate guidance and slow response to rising inflation.
... Dispatch continues below ...
Alasdair Macleod: How quickly will the U.S. dollar collapse?
Submitted by admin on Thu, 2023-04-20 10:14 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, April 20, 2023
This article looks at the factors behind the growing rejection of the dollar for trade settlement purposes by non-aligned nations. They no longer fear political or economic reprisals from America.
The dollar's monopoly was notably challenged by Saudi Arabia, which removed itself from the U.S. sphere of influence to that of China and Russia. Consequently, peace has broken out throughout the Arab lands.
... Dispatch continues below ...
Global Times: Dollar hegemony, not China, is the cause of Africa's debt problems
Submitted by admin on Wed, 2023-04-19 20:07 Section: Daily DispatchesBy Shi Qing
Global Times, Beijing
Wednesday, April 19, 2023
Not long ago U.S. Vice President Kamala Harris visited three African countries -- Ghana, Tanzania, and Zambia. This is the fifth visit by a high-ranking Biden administration official to Africa this year.
Arkansas affirms gold and silver as legal tender and eliminates taxes on them
Submitted by admin on Wed, 2023-04-19 00:09 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Tuesday, April 18, 2023
LITTLE ROCK, Arkansas -- Sound money advocates are rejoicing as House Bill 1718, the Arkansas Legal Tender Act, has become the law in the Natural State.
Backed by the Sound Money Defense League, Money Metals Exchange, and sound money advocates and supporters throughout the state, HB 1718 reaffirms gold and silver as legal tender, as well as ending all taxes on the purchase, sale, or exchange of specie, including state capital gains taxes.
... Dispatch continues below ...
Jan Nieuwenhuijs: Is Saudi Arabia selling oil to China for gold?
Submitted by admin on Wed, 2023-04-19 00:00 Section: Daily Dispatches11:56p Tuesday, April 18, 2023
Dear Friend of GATA and Gold (and Silver):
Gold researcher Jan Nieuwenhuijs today addresses speculation, for which there is limited evidence, that Saudi Arabia is surreptitiously selling oil to China in exchange for gold from the Shanghai international exchange.
Nieuwenhuis' analysis is headlined "Is Saudi Arabia Selling Oil to China for Gold?" and it's posted at the Gainesville Coins internet site here:
Craig Hemke at Sprott Money: Comex gold options sweet spot
Submitted by admin on Tue, 2023-04-18 23:48 Section: Daily Dispatches11:50p Tuesday, April 18, 2023
Dear Friend of GATA and Gold (and Silver):
Working from the assumption that the Comex gold and silver futures markets are largely rigged by the positioning of big options traders, the TF Metals Report's Craig Hemke today tries predicting where that rigging will place gold and silver prices next Tuesday when options on the June contracts expire.
Hemke's analysis is headlined "Comex Gold Options Sweet Spot" and it's posted at Sprott Money here:
Pages
