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Daily Dispatches
Import duty on gold may be slashed in India's budget
Submitted by admin on Fri, 2022-01-21 16:42 Section: Daily DispatchesBy Annapurna Singh
Deccan Herald, Bengalore, India
Friday, January 21, 2022
The government may reduce import duty on gold in the Union budget to curb the exponential rise in smuggling that has not only impacted the government's tax revenues but also the export of gems and jewellery from the country.
Oklahoma to consider investing state funds in gold and silver
Submitted by admin on Thu, 2022-01-20 20:36 Section: Daily DispatchesBy JP Cortez
Money Metals News Service, Eagle, Idaho
Thursday, January 20, 2022
An Oklahoma state representative today introduced legislation that would enable the state treasurer to protect Sooner State funds from inflation and financial risk by holding physical gold and silver.
Introduced by Rep. Sean Roberts, HB 3681 would include physical gold and silver, owned directly, to the list of permissible investments the state treasurer can hold.
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New York Sun: The Fed and crypto -- back to basics
Submitted by admin on Thu, 2022-01-20 20:28 Section: Daily DispatchesFrom The New York Sun
Thursday, January 20, 2022
Could the announcement that the Federal Reserve is weighing "the pros and cons" of issuing a "digital currency" be a chance to move to center stage the question of monetary reform?
That is our optimistic interpretation of the discussion paper issued this afternoon by the central bank. For it will soon be confronted with the question of how a digital dollar might, or might not, be defined -- and who defines it.
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Fed launches review of possible central bank digital currency
Submitted by admin on Thu, 2022-01-20 20:01 Section: Daily DispatchesBy Andrew Ackerman
The Wall Street Journal
Thursday, January 20, 2022
WASHINGTON—The Federal Reserve today launched a review of the potential benefits and risks of issuing a U.S. digital currency, as central banks around the world experiment with the potential new form of money to keep pace with private-sector payments innovations.
Alasdair Macleod: Understanding the inflation problem
Submitted by admin on Thu, 2022-01-20 12:56 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, January 20, 2022
In recent weeks inflation has become a major economic concern. Nearly all the commentary emanating from monetary policy makers, economists, and the media is misguided, believing inflation is rising prices and must be addressed accordingly.
Delightful speculation on the new gold price needed to back the U.S. dollar
Submitted by admin on Wed, 2022-01-19 15:29 Section: Daily Dispatches3:35p ET Wednesday, January 19, 2022
Gold Newsletter editor Brien Lundin today calls attention to a new report by Myrmikan Capital's Dan Oliver about the gold price that would be necessary for U.S. gold reserves to back the dollar at levels that once were traditional:
Will this be the year of sound money in the U.S.?
Submitted by admin on Tue, 2022-01-18 21:32 Section: Daily DispatchesBy JP Cortez
Money Metals News Service, Eagle, Idaho
Tuesday, January 18, 2022
Last year was a good year for state-level sound-money legislation across the United States, and 2022 could be even better.
Building on the success enjoyed by sound-money advocates in Arkansas and Ohio last year, more than a half dozen states are now considering legislation that rolls back discriminatory taxes and regulations on the sale, use, and purchase of gold and silver.
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Craig Hemke at Sprott Money: Another mechanism for rigging Comex gold futures prices?
Submitted by admin on Tue, 2022-01-18 12:01 Section: Daily Dispatches11:57a ET Tuesday, January 18, 2022
Dear Friend of GATA and Gold:
Writing at Sprott Money today, the TF Metals Report's Craig Hemke suggests that increases in "trade at settlement" trades in Comex gold futures signify another mechanism by which bullion banks conceal their trading the better to manipulate prices.
Hemke's analysis is headlined "Comex Gold Trade at Settlement" and it's posted at Sprott Money here:
Pam and Russ Martens: Nomura, JPM, Goldman Sachs got $8 trillion in emergency Fed loans in Q4 2019
Submitted by admin on Mon, 2022-01-17 10:52 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, January 17, 2022
The Dodd-Frank financial reform legislation of 2010 ordered the Government Accountability Office, an investigative body for Congress, to audit the Fed's alphabet soup of emergency lending programs conducted during and after the 2008 financial crisis. The GAO found that a cumulative $16.1 trillion had been pumped out to Wall Street firms by the Fed -- at super-cheap interest rates. The GAO provided data for the peak amounts outstanding and also a cumulative total.
Treasure hunter strikes gold with discovery of 700-year-old Henry III coin
Submitted by admin on Sun, 2022-01-16 19:54 Section: Daily DispatchesBy Daniel Capurro
The Telegraph, London
Sunday, January 16, 2022
A detectorist has uncovered just the eighth known example of England’s "first gold coinage,” with the piece expected to sell at auction for nea:rly half a million pounds.
The Henry III coin, minted in 1257, owes its value both to its rarity and the unique portrait of the monarch on its obverse side.
The coin carries a pre-sale estimate of L400,000 but past examples have sold for more than L500,000. It is the first of its kind found in more than 260 years.
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