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Daily Dispatches
'Sound money' bills moving forward rapidly in many states
Submitted by admin on Thu, 2023-03-09 20:41 Section: Daily Dispatches8:40p ET Thursday, March 9, 2023
Dear Friend of GATA and Gold:
Writing for Money Metals News Service, Stefan Gleason tonight gives a summary of progress across the United States being made by "sound money" legislation, particularly in regard to eliminating sales and income taxes on the monetary metals and creating state gold reserves.
The summary is headlined "Sound Money Bills Moving Forward Rapidly in Many States" and it's posted at Money Metals here:
Perth Mint faces LBMA review over gold 'doping' charge
Submitted by admin on Thu, 2023-03-09 20:08 Section: Daily DispatchesBy Deep Vakil
Reuters
Thursday, March 9, 2023
The London Bullion Market Association, the top accreditor of gold refiners, said today it was reviewing allegations that Perth Mint had sold "doped" gold to China.
An Australian media report Monday said Perth Mint, the largest processor of newly mined gold, may have to recall a potential $9 billion worth of diluted or "doped" 1-kilogram gold bars sold to top consumer China.
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Alasdair Macleod: Why credit needs a golden anchor
Submitted by admin on Thu, 2023-03-09 12:00 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, March 9, 2023
This article examines the relationship between credit and its anchor in value. Today that anchor is fiat currency, which is both parochial and unstable. Historically and in law the anchor has always been gold.
India's oil deals with Russia dent decades-old dollar dominance
Submitted by admin on Wed, 2023-03-08 21:00 Section: Daily DispatchesBy Nidhi Verma and Noah Browning
Reuters
Wednesday, March 8, 2023
U.S.-led international sanctions on Russia have begun to erode the dollar's decades-old dominance of international oil trade as most deals with India -- Russia's top outlet for seaborne crude -- have been settled in other currencies.
The dollar's pre-eminence has periodically been called into question and yet it has continued because of the overwhelming advantages of using the most widely-accepted currency for business.
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Shanghai Gold Exchange denies 'doped' gold ... after Perth Mint admitted it
Submitted by admin on Wed, 2023-03-08 20:00 Section: Daily DispatchesIs the exchange trying to unload the stuff already?
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Shanghai Gold Exchange Denies Report on 'Doped' Gold Bars from Australia
By Amy Lv and Dominique Patton
Reuters
Wednesday, March 8, 2023
BEIJING -- The Shanghai Gold Exchange today backed Perth Mint in denying that the Australian processor had sold it "doped" gold bars and said it could take action to protect its reputation.
Ronan Manly: Singapore's gold buying soars but where is the metal kept?
Submitted by admin on Wed, 2023-03-08 19:15 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Wednesday, March 8, 2023
In January 2023 Singapore's central bank, the Monetary Authority of Singapore, returned to gold buying, adding a massive 44.6 tonnes of gold to its official reserves, thereby boosting Singapore's gold holdings from 153.8 tonnes to 198.4 tonnes.
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Robert Lambourne: BIS gold swaps rose 33 tonnes in February, up to 136
Submitted by admin on Wed, 2023-03-08 14:21 Section: Daily DispatchesBy Robert Lambourne
Wednesday, March 8, 2023
From the information contained in the just-published February 28 statement of account of the Bank for International Settlements --
https://www.bis.org/banking/balsheet/statofacc230228.pdf
-- the estimated volume of the bank's gold swaps stands at 136 tonnes, 33 tonnes higher than the estimate for January 31.
Canada will not retrospectively target Chinese investments in mining companies
Submitted by admin on Wed, 2023-03-08 10:33 Section: Daily DispatchesBy Divya Rajagopal
Reuters
Wednesday, March 8, 2023
TORONTO -- Canada will not force Chinese state-investors in three of its large mining companies to divest stakes, as such a move would create policy uncertainty, natural resources minister told Reuters.
In November, Canada had asked three Chinese companies to sell their stakes in Toronto-listed lithium explorers following a national security review, drawing criticism from the mining industry and raising questions about the future of other Chinese investments in Canadian mining sector.
Perth Mint sold diluted gold to China, tried to cover it up
Submitted by admin on Mon, 2023-03-06 19:03 Section: Daily DispatchesBy Angus Grigg, Ali Russell, Stephanie Zillman, and Meghna Bali
Australian Broadcasting Corp., Sydney
Sunday, March 5, 1013
The historic Perth Mint is facing a potential $9 billion recall of gold bars after selling diluted or "doped" bullion to China and then covering it up, according to a leaked internal report.
ABC's "Four Corners" program has uncovered documents charting the Western Australian government-owned mint's decision to begin "doping" its gold in 2018, and then how it withheld evidence from its largest client in an effort to protect its reputation.
Agnico Eagle CEO mulls move to go big or get small in Australia
Submitted by admin on Mon, 2023-03-06 11:34 Section: Daily DispatchesBy Jacob Lorinc
Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, March 6, 2023
Agnico Eagle Mines Ltd. is weighing what to do with its only Australian gold mine after landing two big takeovers within two years that turned the Canadian company into the world’s third-largest gold producer.
Agnico gained an Australian mine as part of its combination with Kirkland Lake Gold Ltd., giving it a foothold into a region beyond its North American focus.
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