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Daily Dispatches
U.S. and U.K. crack down on Russian metals trade
Submitted by admin on Sat, 2024-04-13 20:18 Section: Daily DispatchesBy James Politi and Claire Jones
Financial Times, London
Friday, April 12, 2024
The U.S. and the U.K. have launched a crackdown on trades in Russian metals, in a move designed to limit Moscow's export revenue and restrict its ability to fund the war in Ukraine.
The action, announced by the two countries today, marks an aggressive effort by the allies to damage Russia's income -- but could disrupt trading at exchanges including the London Metal Exchange and Chicago Mercantile Exchange.
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As gold hits fresh high, Wall Street wonders about a mystery buyer
Submitted by admin on Sat, 2024-04-13 15:53 Section: Daily DispatchesBy Bob Henderson
The Wall Street Journal
Friday, April 12, 2024
Gold futures closed at their latest record-high Friday. Analysts are struggling to understand why.
Demand for real metal is overcoming price rigging, Maguire and Kranzler agree
Submitted by admin on Sat, 2024-04-13 08:52 Section: Daily Dispatches8:50a Saturday, April 13, 2024
Dear Friend of GATA and Gold (and Silver):
On this week's edition of Kinesis Money's "Live from the Vault" program, London monetary metals trader Andrew Maguire and financial letter writer Dave Kranzler concur that Asian demand for physical gold and silver is steadily overcoming the price suppression still being attempted in the gold and silver futures and derivatives market.
The program is 58 minutes long and can be viewed at YouTube here:
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Submitted by admin on Sat, 2024-04-13 08:41 Section: Daily Dispatches8:44a Saturday, April 13, 2024
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After illegal veto, Kentucky becomes 45th state to end sales taxes on gold and silver
Submitted by admin on Fri, 2024-04-12 18:10 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Friday, April 12, 2024
In a high-stakes showdown with Gov. Andy Beshear over a gold and silver sales tax exemption, the Kentucky legislature today deemed his attempted line-item veto as an illegal act -- and directed the Secretary of State to enroll the exemption into law.
This action makes the Bluegrass State the 45th state in the nation to enact this sound money policy -- and the second this year.
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Pigs fly as Kitco reports suspicions of gold price suppression by government
Submitted by admin on Fri, 2024-04-12 13:34 Section: Daily DispatchesWho's next? The Financial Times? The Economist? Bloomberg News?
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Any U.S. Attempt to Restrain Gold Price Would Backfire, Says Jeffries' Christopher Wood
By Ernest Hoffman
Kitco News, Montreal
Friday, April 12, 2024
The U.S. government may be tempted to restrain gold prices, but this would only serve to drive bullion higher, according to the latest Greed & Fear Report from Christopher Wood, Global Head of Equity Strategy at Jeffries.
World Bank report highlights advantage of central bank gold revaluation accounts
Submitted by admin on Fri, 2024-04-12 12:24 Section: Daily DispatchesBy Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Friday, April 12, 2024
Recently the World Bank released a handbook for asset managers on why to invest in gold. At Gainesville Coins I have written numerous articles on gold revaluation accounts and how these can be deployed by central banks to absorb losses in case of emergency. The World Bank has taken notice of my research as it allude to this practice in a chapter on reserve accounting and refer to my work.
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After 150 years, UK returns looted artifacts to Ghana's Asante king
Submitted by admin on Thu, 2024-04-11 16:54 Section: Daily DispatchesBy Kathryn Armstrong and Favour Nunoo
British Broadcasting Corp., London
Thursday, April 11, 2024
The UK has returned dozens of artefacts looted from what is today Ghana -- more than 150 years after they were taken.
Some 32 gold and silver items have been sent on long-term loan to the country by the Victoria and Albert Museum and the British Museum.
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North Carolina was center of gold money in early United States
Submitted by admin on Thu, 2024-04-11 08:40 Section: Daily DispatchesBy Joshua D. Glawson
The Carolina Journal, Raleigh
Wednesday, April 10, 2024
North Carolina is known for many wonderful things -- being "First in Flight," Carolina barbecue, the Biltmore Estate (the largest private residence in the United States), being the home of NASCAR, and much more.
But did you know North Carolina has a strong history of gold and sound money?
Here are three fun facts about North Carolina and our history of gold and sound money. ...
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Shanghai Futures Exchange sets trading limits on gold, copper futures as prices rally
Submitted by admin on Thu, 2024-04-11 08:32 Section: Daily DispatchesFrom Reuters
via the Times of India, Mumbai
Wednesday, April 10, 2024
The Shanghai Futures Exchange (SHFE) will impose trading limits on its gold and copper contracts, it said on Wednesday, following sharp price rallies by both metals.
The exchange set the maximum intraday position opening volumes of gold at 2,800 lots and copper at 2,000 lots. The change will start from April 12.
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