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Daily Dispatches

Jan Nieuwenhuijs: Chinese central bank purchases secretly fueled perfect storm in gold in 2023

Section: Daily Dispatches

6:41a 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

2:10p 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.

Ambrose Evans-Pritchard: Fed is preparing for a hand-brake U-turn on interest rates

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, March 19, 2024

If you want an idea of how the current fiscal and asset bubble in the United States might end, pay close attention to Bernard Connolly, esteemed consigliere to hedge funds and central bankers across the world for the last quarter century.

It will not end in a soft landing -- a "chimaera" -- and will certainly not end in another leg of accelerating economic growth. Nor will it end in soggy stagflation.

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Now that we may be winning, GATA asks for your support

Section: Daily Dispatches

8:30p ET Monday, March 18, 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.

Wisconsin is near to ending taxes on gold and silver bullion

Section: Daily Dispatches

By JP Cortez
Money Metals Exchange, Eagle, Idaho
Friday, March 15, 2024

The Wisconsin Senate has voted in favor of Assembly Bill 29 to end the state sales tax on purchases of gold and silver. 

Joining the state Assembly, which overwhelmingly voted to approve this law last week, senators voted 23-9 in favor of this pro-sound money legislation. The bill will now be transmitted to Gov. Tony Evers for his signature.

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Take two Louis d'ors and call me in the morning

Section: Daily Dispatches

Sugar-Coated Gold Nanoparticles Can Quickly Eliminate Bacterial Infections, No Antibiotics Required

From the National Institutes of Health
Bethesda, Maryland
via Phys.org, Douglas, Isle of Man, United Kingdom
Wednesday, March 13, 2024

Researchers at the University of Pennsylvania, Stanford University, and the New Jersey Institute of Technology have developed sugar-coated gold nanoparticles that they used both to image and destroy biofilms, the slimy scaffolding that bacteria can develop on our teeth or wounded skin if left unattended.

Brien Lundin: Silver is outperforming gold

Section: Daily Dispatches

By Brien Lundin
Gold Newsletter / Golden Opportunities, Metairie, Louisiana
Monday, March 18, 2024

The big story in gold is silver.

Every secular bull market in gold has seen silver outperform its glittering cousin. That means two things:

1)  Silver's outperformance is a confirmation that a gold bull market has truly begun, and. ...

2)  It's a great way to play gold during such a bull market.

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