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Daily Dispatches
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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Brien Lundin: Gold stands fast
Submitted by admin on Wed, 2024-04-10 16:49 Section: Daily DispatchesBy Brien Lundin, Editor
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, April 10, 2024
It's another crazy day in crazy times.
Today's Consumer Price Index beat expectations to the upside, with the headline number for March coming in at a 3.5% annual rate compared to February's 3.2%.
The market reaction was violent: Stocks dove while the Dollar Index and Treasury yields leaped higher.
Pam and Russ Martens: NY Fed will not say whether 5-count felon JPM holds $2.4 trillion of its securities
Submitted by admin on Wed, 2024-04-10 11:10 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, April 10, 2024
As the financial crisis of 2008 was ravaging century-old financial institutions on Wall Street and collapsing the U.S. economy, the central bank of the United States, the Federal Reserve, launched an effort to restore market liquidity by becoming the buyer of the toxic sludge flooding Wall Street in the form of mortgage-backed securities.
Costco is estimated to be selling as much as $200 million in gold bars monthly
Submitted by admin on Tue, 2024-04-09 14:50 Section: Daily DispatchesBy Jeff Cox
CNBC, New York
Tuesday, April 9, 2024
Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer.
In fact, sales are so brisk that analysts at Wells Fargo expect revenue "may now be running at" $100 million to $200 million a month, a rapid acceleration since bullion hit the warehouse club late in the summer of 2023.
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India's February silver imports hit record and set to rise 66% this year
Submitted by admin on Tue, 2024-04-09 10:27 Section: Daily DispatchesFrom Reuters
via The Times of India, Mumbai
Monday, April 8, 2024
India's silver imports surged by 260% in February to a record high, as lower duties encouraged large purchases from the United Arab Emirates, government and industry officials told Reuters, adding they were on track to increase by 66% this year.
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Guanajuato Silver Reports Best Ever Quarterly Production
Mike Maharrey: Why is the mainstream always disparaging gold?
Submitted by admin on Tue, 2024-04-09 10:12 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Monday, April 8, 2024
According to the mainstream, it's always time to sell gold.
Maybe listening to mainstream talking heads isn't the best strategy.
On March 8, CNBC's"Fast Money" featured TD Securities senior commodity strategist Daniel Ghali arguing that it was time to take profits on gold.
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Idaho governor vetoes bill to enable state to hold protective gold and silver
Submitted by admin on Mon, 2024-04-08 20:15 Section: Daily DispatchesBy JP Cortez
Sound Money Defense League
via Money Metals Exchange, Eagle, Idaho
Monday, April 8, 2024
Idaho Gov. Brad Little today vetoed legislation that would have enabled the Idaho state treasurer to protect state reserve funds with an allocation to physical gold and silver, sending an ominous message to the state's mining industry and investors.
Senate Bill 1314 -- sponsored by Sen. Phil Hart and Rep. Barbara Ehardt -- passed overwhelmingly in the Idaho Senate before being approved by the House in late March, only to be vetoed by the governor.
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