From Money Metals News ServiceEagle, IdahoMonday, January 16, 2023 Lawmakers in Jackson, Mississippi, have just introduced legislation to exempt gold and silver coins, bars, and rounds from the state's sales tax.  Rep. Jill Ford has reintroduced House Bill 508 at the beginning of the 2023 session. This year's legislative effort seeks to build on last year's momentum. Last year Ford's sales tax exemption bill passed out of the Mississippi House of Representatives overwhelmingly but it missed a de...

By Donald Ato DapatemGraphic Online, Accra, GhanaMonday, January 16, 2023 The first consignment from the gold-for-oil policy of the government to stem the increasing depreciation of the cedi against the major currencies has arrived at the Tema Port and been discharged into the receptacles of Bulk Oil Storage and Transportation Co. (BOST), Graphic Online has gathered. The 41,000 metric tonnes of the petroleum products delivered by SCF YENISEI would be sold by BOST to bulk distributing companies (...

11:53a ET Monday, January 16, 2023 Dear Friend of GATA and Gold: Interviewed last week by Dunagun Kaiser of Liberty and Finance, Andy Schectman of coin and bullion dealer Miles Franklin reviewed the world's steady migration toward the monetary metals and commodities and away from the U.S. dollar in anticipation of a transformation of the international financial system. Schectman also discusses what he considers excessive premiums for U.S. silver eagle coins as compared with other silver products...

Zimbabwe's Gold Coins Sell Above $2,000 Each For The First Time By Ray Ndlovu and Rene VollgraaffBloomberg NewsMonday, January 16, 2023 https://www.bloomberg.com/news/articles/2023-01-16/zimbabwe-s-gold-coins-sell-above-2-000-each-for-the-first-time Zimbabwe's gold coins introduced in July are selling above $2,000 for the first time. The "Mosi-oa-Tunya" gold coin, named after Victoria Falls, a key tourism site that straddles the border between Zimbabwe and Zambia, were priced at $2,002.51 for a ...

As we continue to kickoff what promises to be a wild 2023, “Got Gold?” Because you will need it as madness in world bond markets continues ahead of the global reset. Open Madness in Global Bond Markets: Got Gold?January 15 (King World News) – Matthew Piepenburg, Partner at Matterhorn Asset Management:  The slow but steady implosion of global bond markets is no longer a debate but fact. Knowing this, investors can better brace themselves for the policy and market reactions to come. Below, we once...

Posted by SRSrocco in Economy, Energy, News, Precious Metals, Silver Members, Videos on January 15, 2023 — Comments Off on TWO MAJOR EVENTS COULD IMPACT GOLD & SILVER: Why 2023 Could Be A Pivotal Year For The Metals & Global Financial System In this weekend update, I discuss how Two Major Events in 2023 could impact the precious metals and global financial system.  I believe 2023 will be a pivotal year as the world economy continues to grind lower as the Energy Cliff negatively impacts t...

Move Over, Cryptocurrency -- Gold Could Have the Last Laugh This Year By Anthony RowleySouth China Morning Post, Hong KongSunday, January 15, 2023 There has been considerable excitement in the gold market lately with the price touching US1,900 an ounce last year and appearing likely to breach US$2,000 before long. But what is happening below the radar with the huge buildup of central bank gold holdings is of greater interest. ... Dispatch continues below ... ... ADVERTISEMENT ... Fisher Precious...

By Eddie SpenceBloomberg NewsThursday, January 12, 2023 JPMorgan Chase & Co. is looking to start clearing precious metals trades in Zurich, something that for years has been dominated by just two Swiss banks. The lender may begin to offer to settle its clients’ trades using metal located in Zurich, according to people familiar with the matter who asked not to be identified as the information is private.  ... Dispatch continues below ... ... ADVERTISEMENT ... First Majestic Produces Silver an...

Today the top trends forecaster in the world said this may send the gold price soaring to $2,100-$2,300 in a matter of weeks. January 14 (King World News) – Eric King:  “Gerald, in November of last year you said gold bottomed, which is exactly what happened. Gold is now above $1,900, your thoughts on the gold market.” Gerald Celente:  “Yes, in November we said gold had bottomed and would go up from there. And you are seeing gold now moving well above $1,900 an ounce. There are a number of reason...

9:22p ET Friday, January 13, 2023 Dear Friend of GATA and Gold: The digital tokens for gold now being issued by Russia's Sberbank may clear a path for the use of gold for payment for commodities in Russia, London metals trader Andrew Maguire says in this week's "Live from the Vault" program from Kinesis Money. Meanwhile, Maguire says, the derivatives structure of the London and New York gold and silver markets is cracking as paper increasingly is being converted to real metal under pressure of "...

In addition to gaining full access to all SRSrocco Report public and Silver Member content, Gold members will be privy to 1-2 Gold Member posts per week in the SRSrocco Report Gold Vault on the topics listed below.  Gold Members will also receive deeper layers of analysis on the content provided to Silver Members and the general public. Your Gold Membership will give you first-rate, up-to-date summaries of what’s trending in the fields below, including “My Type of Analysis” SRSrocco’s trademark ...

From Money Metals News ServiceEagle, IdahoThursday, January 12, 2023 Building on the success of passing a full sales tax exemption on precious metals (HB 1874 and SB 1857) in 2022, lawmakers in Tennessee have set their sights on another pro-sound money effort: an in-state bullion depository. Sen. Frank Niceley has introduced Senate Bill 150, the Tennessee Bullion Depository Act. It would establish a depository to operate either exclusively or nonexclusively as a precious metals depository and ma...

Major breakouts for gold as miners set to launch, but here is the tricky part. Fascinating Setup In The Gold MarketJanuary 13 (King World News) – Fred Hickey:  Amazing how a strong bear mkt rally can fog the mind. Witness the return to wilding in “meme” stocks & two headlines I saw today: “Wharton’s Jeremy Siegel says the U.S. has ‘really solved the inflation problem’” Also, “Insana says the case is clear that inflation is over.” COT report out (thru Jan 10 when gold was $1880). Managed Mone...

The price of gold is continuing to surge, trading well above $1,900 as massive Chinese buying spurs rally. Gold challenges $1900January 13 (King World News) – Alasdair Macleod:  Gold and silver were in bullish mode this week, with gold rising strongly and silver consolidating earlier gains. This morning in European trade, gold was at $1905, up $40 from last Friday’s close. On the same time frame silver was unchanged to trade at $23.78. Comex volumes were healthy in both metals. Since early Novem...

Precious metals investors who have purchased Official Silver Coins will be holding onto one of the top Hard Assets in the future.  Why?  Because Official Silver Coins are the most recognized and high-quality silver bullion, the market will put a higher demand and premium on these bullion products. I wanted to do an update on the Official Silver Coins because the market is focusing on 6 Leading Coins.  Amazingly, the top six official silver coins sold more than 111 million oz in 2021.  Again, the...

By Alasdair MacleodGoldMoney, TorontoThursday, January 12, 2023 The evidence strongly suggests that a combined interest rate, economic, and currency crisis for the United States and its Western alliance will continue in 2023. This article focuses on credit, its constraints, and why quantitative easing has already crowded out private-sector activity. Adjusting M2 money supply for accumulating quantitative easing indicates the degree to which this has driven the U.S. tax base into deep recession. ...

With the price of gold surging above the $1,900 level, massive gold & silver breakouts have been unleashed! Gold BreakoutJanuary 12 (King World News) – Graddhy out of Sweden:  Gold has risen 550% vs GBP last 15 years, see earlier posted parabolic chart (pink line below). The chart below shows it has now broken out above its 2 year consolidation. Means its next depreciation phase has now started. Gold Has Broken Out On The Upside In British Pounds! Another Gold BreakoutGraddhy out of Sweden: ...

On the heels of gold breaking above the $1,900 level and silver assaulting the key $24 zone, 2023 is going to be a wild ride for gold and currency markets. 2023January 12 (King World News) – Alasdair Macleod, head of research at Goldmoney:  The evidence strongly suggests that a combined interest rate, economic and currency crisis for the US and its western alliance will continue in 2023. This article focuses on credit, its constraints, and why quantitative easing has already crowded out private ...

Sideline money is in the trillions. Translation: commodities and gold will go on a tear. Sideline Money In The TrillionsJanuary 11 (King World News) – Art Cashin, Head of Floor Operations at UBS:  Bulls continue to hold onto the edge, helped in no small part by a minor downtick in yields.  If the yield on the ten-year moves back above 3.62% that could bring pressure back to stocks.  The general feel here is that sideline money, which is said to be quite large – in the trillions – is protectively...

2p ET Wednesday, January 11, 2023 Dear Friend of GATA and Gold: Bullion Star researcher Ronan Manly writes today that China's announcements of gold purchases are made strategically, to remind the world that China is a big power in the currency markets, and that while many months may pass without such announcements, China is probably acquiring gold steadily anyway in pursuit of a plan to hold the world's largest gold reserve.  Indeed, Manly adds, China already may be nearing that point. His analy...