Kentucky governor was sued over gold and silver taxes on day anti-tax law was passed
Submitted by admin on Fri, 2025-04-04 08:42 Section: Daily DispatchesBy Luca Aulback
Louisville Courier Journal
Friday, April 4, 2025
It didn't take long for a lawsuit to hit the courts after legislators passed a law giving Kentucky residents the power to sue the governor over taxes collected recently on gold and silver sales.
Gold recovers most of its losses while world markets sink
Submitted by admin on Thu, 2025-04-03 18:40 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch, New York
Thursday, April 3, 2025
Gold fell victim to a selloff in global markets today after President Donald Trump announced wide-ranging tariffs on foreign imports -- but it's still a clear-cut winner to hedge uncertainty, as bargain hunters helped prices for the precious metal recover much of their losses by the day's settlement.
Tariff exemptions end rush to get gold and silver into U.S.
Submitted by admin on Thu, 2025-04-03 09:28 Section: Daily DispatchesBy Jack Farchy
Bloomberg News
Thursday, April 3, 2025
A massive arbitrage trade that has drawn tens of billions of dollars' worth of gold and silver to the United States came to an abrupt halt with Wednesday's announcement that precious metals would be exempt from Donald Trump’s sweeping tariffs.
Jan Nieuwenhuijs: China's gold reserves going through the roof
Submitted by admin on Wed, 2025-04-02 17:35 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Wednesday, April 3, 2025
The People’s Bank of China continues to buy unprecedented amounts of gold as the global financial is deleveraging -- that is, investors exchange credit assets for gold.
In 2024 the Chinese central bank covertly bought 570 tonnes, encouraging gold's ascent in global international reserves by 4%, the largest gain in four decades.
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Joshua D. Glawson: Coinage Act of 1792 knew better than we do today
Submitted by admin on Wed, 2025-04-02 09:35 Section: Daily DispatchesBy Joshua D. Glawson
Money Metals Exchange, Eagle, Idaho
Tuesday, April 1, 2025
Long before fiat currency, digital dollars, or cryptocurrency, America's Founders sought to anchor the young nation's economy in gold and silver -- that is, sound money.
In fact, on April 2, 1792 -- 233 years ago -- President George Washington signed legislation that established America's monetary system.
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Adam Sharp: Desperate in Deutschland to secure the country's gold
Submitted by admin on Wed, 2025-04-02 09:18 Section: Daily DispatchesBy Adam Sharp
The Daily Reckoning, Baltimore
Tuesday, April 1, 2025
Germany has the second-largest gold reserves in the world (on paper, at least). The country's official holdings clock in at 3,352 tons, behind only the United States' 8,133 tons.
About 37% of Germany's gold, 1,236 tons, is held at the New York Federal Reserve. The gold was moved to the U.S. for safekeeping in the aftermath of World War 2, when the threat of Soviet tanks charging through the Fulda Gap loomed large.
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