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Daily Dispatches
Nigeria moves to develop its gold resources
Submitted by admin on Thu, 2024-06-06 09:55 Section: Daily DispatchesGold Reserve Industry Bill Passes Second Reading
By Dirisu Yakubu
The Punch, Lagos
Wednesday, June 5, 2024
The Senate on Wednesday passed for a second reading a bill for an act to make provision for Nigeria's gold reserve industry.
Sponsored by the lawmaker representing Kogi Central on the platform of the Peoples Democratic Party, Natasha Akpoti-Uduaghan, the bill is seeking a robust framework for the harnessing, exploitation, and marketing of gold.
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Customers crowd Vietnamese banks to buy gold
Submitted by admin on Tue, 2024-06-04 15:32 Section: Daily DispatchesBy Quynh Tran and Giang Huy
VN Express, Hanoi
Monday, June 3, 2024
Banks in Hanoi and Ho Chi Minh City saw up to 50 customers queuing at a time Monday to buy gold, which the banks are selling at below market rates.
At 2 p.m. an Agribank branch in HCMC's District 1 saw dozens of customers queuing in the basement to await their turn to buy.
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Vietnam does its gold price rigging in the open, unlike 'free market' nations
Submitted by admin on Tue, 2024-06-04 12:15 Section: Daily DispatchesVietnamese Central Bank Moves to Lower Domestic Gold Prices
By Jimmy Choi
Central Banking, London
Monday, June 3, 2024
The State Bank of Vietnam started selling gold directly to four state-owned commercial banks today, aiming to lower the metal's domestic price.
GATA's Murphy, GoldSeek Radio's Waltzek discuss metals beyond the breakouts
Submitted by admin on Mon, 2024-06-03 18:36 Section: Daily Dispatches6:35p ET Monday, June 3, 2024
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and GoldSeek Radio's Chris Waltzek today discuss the recent breakouts in gold and silver and wonder what will happen when trillions of dollars in derivatives start looking for safer places to reside in.
The interview is 13 minutes long and can be heard at GoldSeek here:
Faster Capital in Dubai publishes summary of gold price-fixing scandals
Submitted by admin on Mon, 2024-06-03 11:18 Section: Daily Dispatches11:18a ET Monday, June 3, 2024
Dear Friend of GATA and Gold:
Faster Capital, a business development company based in Dubai, has published a summary of gold market manipulation that, while emphasizing the culpability of major commercial banks, also cites GATA and the involvement of central banks.
The compendium is titled "Gold Price-Fixing Scandals: Examining the Impact of Goldfix Manipulation" and is posted at the Faster Capital internet site here:
Vietnam gold prices plunge as government sells
Submitted by admin on Mon, 2024-06-03 10:46 Section: Daily DispatchesBy Minh Hieu
VN Express, Hanoi
Sunday, June 2, 2024
The Saigon Jewelry Co. gold price has plummeted by 12% from its all-time high of VND92 million (US$3,619.91) seen on May 10 to VND81 million ($3,185.84) today.
The gold bar price is down 3% from the weekend. A tael equals 37.5 grams or 1.2 ounces.
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Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico
Jan Nieuwenjuijs: Gold overtakes euro in international reserves
Submitted by admin on Sun, 2024-06-02 10:06 Section: Daily DispatchesBy Jan Nieuwenjuijs
Gainesville Coins, Lutz, Florida
Thursday, May 30, 2024
Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal's share of global international reserves to the detriment of fiat currencies. By the end of 2023 gold surpassed the euro and the next fiat currency to be challenged is the U.S. dollar.
Louisiana reaffirms gold and silver as legal tender
Submitted by admin on Sat, 2024-06-01 18:46 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Friday, May 31, 2024
Louisiana Gov. Jeff Landry has signed a new law reaffirming gold and silver as legal tender, making a symbolic statement in favor of sound-money principles.
Senate Bill 232, sponsored by Sen. Mark Abraham, marks the sixth pro-sound money bill passed by a state this year, underscoring a national trend.
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Mike Maharrey: Did FDR really confiscate everybody's gold?
Submitted by admin on Fri, 2024-05-31 22:46 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, May 31, 2024
Did the U.S. government really try to confiscate Americans' gold?
The short answer is ... well, there isn't a short answer. It's a complicated subject with more nuance than most people give it.
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India recalls 100 tonnes of gold from Bank of England, may bring back still more
Submitted by admin on Fri, 2024-05-31 09:38 Section: Daily DispatchesFrom The Times of India, Mumbai
Friday, May 31, 2024
NEW DELHI -- The Reserve Bank of India has moved a little more than 100 tonnes of gold from the United Kingdom to its vaults in the country, marking the first time at least since early 1991 when precious metal at this scale has been added to the stock held locally.
A similar quantity of gold may be headed in the country again in the coming months, with official sources telling the Times of India that the transfer to locations within the country was for logistical reasons as well as diversified storage.
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