POSTED ON January 26, 2024
In this week's Friday Gold Wrap Podcast, JD and Joel discuss why gold is down this week, soaring tech stocks and plummeting gold stocks, and other market and precious metals news.
POSTED ON January 20, 2024
In the last few decades, there has been a global shift towards a "
cashless world," a trend that continues to shape financial autonomy. Physical currency is becoming increasingly rare as the majority of the world's money supply exists in electronic form. Governments and financial institutions are actively promoting a cashless society, raising concerns about individual financial freedom.
POSTED ON October 26, 2023
The European Central Bank (ECB) is laying the groundwork to roll out its version of a central bank digital currency (CBDC).
According to the
ECB's website, the "preparation phase" for the digital euro begins in November and "builds on the findings from our investigation phase."
POSTED ON October 25, 2023
How in the world did the Toronto airport lose $15.3 million in
gold bars along with $1.9 million in cash?
That remains unclear, but a lawsuit filed by Brink's shed a little bit of light on the situation.
POSTED ON August 8, 2023
Australia has become the front line in the war on cash with an aggressive effort to ring physical money out of the economy.
Over the last financial year, more than a billion dollars worth of physical cash disappeared from circulation, according to data released by the Reserve Bank of Australia (RBA). The Australian news service
9News called it "the strongest sign yet" that the country is moving toward a cashless society.
POSTED ON July 18, 2023
You had better get ready for the world of central bank digital currencies (CBDCs) because they are coming. And they are coming fast.
According to a recent survey by the Bank for International Settlements (BIS), as many as 24 CBDCs could be in circulation by 2030.
POSTED ON June 21, 2023
Another state has taken action hoping to hinder the implementation of a central bank digital currency (CBDC) in the United States.
Last week, Alabama Governor Kay Ivey signed a bill into law that pushes back against CBDC in a small way that could place some roadblocks in the path toward implementing a digital dollar.
POSTED ON May 30, 2023
The Indian central bank has announced another round of demonetization with a plan to withdraw 2,000-rupee notes from circulation. The announcement led to a big jump in
gold bullion sales.
The 2,000-rupee note will remain legal tender, but they will have to be deposited or exchanged for smaller denominations by Sept. 30.
POSTED ON May 16, 2023
Laws recently enacted in Florida and Indiana ban the use of a central bank digital currency (CBDC) as money in those states.
POSTED ON May 3, 2023
On May 2, a Texas House committee passed a bill to create 100% reserve gold and silver-backed transactional currencies. Enactment of this legislation would create an option for people to conduct business in sound money, set the stage to undermine the Federal Reserve’s monopoly on money, and possibly create a viable alternative to a central bank digital currency (CBDC).