South Dakota lawmakers kill government 'transactional gold' boondoggle
Submitted by admin on Mon, 2026-02-09 16:32 Section: Daily DispatchesBy Jp Cortez
Sound Money Defense League
via Money Metals News Service, Eagle, Idaho
Monday, February 9, 2026
The South Dakota legislature today rejected a vendor-inspired "transactional gold" bill that would harm South Dakotans, free enterprise, and the gold industry by entangling the state in a sweeping, government-run gold scheme.
China urges banks to curb exposure to U.S. Treasuries
Submitted by admin on Mon, 2026-02-09 09:44 Section: Daily DispatchesFrom Bloomberg News
Monday, February 9, 2026
Chinese regulators have advised financial institutions to rein in their holdings of U.S. Treasuries, citing concerns over concentration risks and market volatility, according to people familiar with the matter.
Officials urged banks to limit purchases of U.S. government bonds and instructed those with high exposure to pare down their positions, the people said, asking not to be identified discussing private deliberations. The directive doesn't apply to China's state holdings of U.S. Treasuries.
China's central bank says it bought gold for 15th straight month
Submitted by admin on Sat, 2026-02-07 10:37 Section: Daily DispatchesBy Lewis Jackson, Dylan Duan, and Ellen Zhang
Reuters
Saturday, February 7, 2026
China's central bank extended its gold buying spree for a 15th month in January, data from the People's Bank of China showed on Saturday.
The country's gold holdings rose to 74.19 million fine troy ounces by the end of January, up from 74.15 million the previous month.
The value of China's gold reserves increased to $369.58 billion at the end of last month from $319.45 billion a month earlier, according to the PBOC. ...
... For the remainder of the report:
Mississippi lawmakers reject three big-government 'transactional gold' bills
Submitted by admin on Fri, 2026-02-06 21:35 Section: Daily DispatchesFrom the Sound Money Defense League
via Money Metals News Service, Eagle, Idaho
Thursday, February 5, 2026
Mississippi lawmakers this week rejected three vendor-inspired bills that would harm Mississippians and the gold industry by entangling the state in a government-run gold scheme.
House Bills 1440, 1530, and 1531 are each now considered dead after having failed to pass out of committee before a key legislative deadline.
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Has Bitcoin been derivativized out of its scarcity, as gold was?
Submitted by admin on Fri, 2026-02-06 19:09 Section: Daily DispatchesThe Phantom Supply Problem: How Wall Street's Derivatives Machine May Be Quietly Dismantling Bitcoin's Scarcity Thesis
By Corey Blackwell
Web Pro News, Lexington, Kentucky
Friday, February 6, 2026
For more than a decade Bitcoin's investment case has rested on an elegant, almost poetic premise: there will only ever be 21 million coins.
At Macau hotel, gold bricks became too valuable for mere ostentation
Submitted by admin on Fri, 2026-02-06 13:11 Section: Daily DispatchesMacau’s Grand Emperor Hotel Rips Up Lobby Floor to Sell Off Gold Bricks
By Alastair McCready
The Guardian, London
Thursday, February 5, 2026
The Grand Emperor hotel in Macau has ripped up and sold the gold bricks lining its lobby floor, earning nearly $13 million (L9.6 million) amid a rise in the metal's value due to turbulent geopolitical conditions.
The hotel, which opened in 2006, is known for its opulent decor including a "golden pathway" featuring dozens of gold bars in its entranceway.
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