Daily Dispatches

By Robert Lambourne
Wednesday, March 8, 2023

From the information contained in the just-published February 28 statement of account of the Bank for International Settlements --

https://www.bis.org/banking/balsheet/statofacc230228.pdf

-- the estimated  volume of the bank's gold swaps stands at 136 tonnes, 33 tonnes higher than the estimate for January 31.

By Angus Grigg, Ali Russell, Stephanie Zillman, and Meghna Bali
Australian Broadcasting Corp., Sydney
Sunday, March 5, 1013

The historic Perth Mint is facing a potential $9 billion recall of gold bars after selling diluted or "doped" bullion to China and then covering it up, according to a leaked internal report.

ABC's "Four Corners" program has uncovered documents charting the Western Australian government-owned mint's decision to begin "doping" its gold in 2018, and then how it withheld evidence from its largest client in an effort to protect its reputation.

From Money Metals News Service, Eagle, Idaho
Thursday, March 2, 2023

BOISE, Idaho -- The Idaho State House today approved a bill to enable the State Treasurer to protect state funds from inflation and other financial risks by holding some physical gold and and silver.

State representatives voted 40-29 to pass House Bill 180, the Idaho Sound Money Reserves Act, sending the measure -- introduced by Rep. Barbara Ehardt, R-Idaho Falls, and Sen. Phil Hart, R-Kellogg -- to the Senate for a hearing.

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By Alasdair Macleod
GoldMoney, Toronto
Thursday, March 2, 2023

This article is about why interest rates and bond yields are rising and why they will continue to rise, threatening to undermine the entire Western banking system.

Rising bond yields are deferring the prospect of a central bank pivot away from fighting inflation to tackling a widely expected recession. Anyway, these expectations wrongly assume that price inflation will fall in a recession, leading to lower interest rates.

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