The Supreme Court upheld the state's right to maintain its own charter and allow state banks to issue gold-backed currency, bypassing the Federal Reserve's corporate system.
Louisiana’s sound money bill simply affirms that “any gold or silver coin, specie, or bullion” issued by the United States government is considered legal tender whenever voluntarily agreed upon by both parties to a contract.
The table shows significant monthly gold swaps via BIS since August 2018, likely involving the Federal Reserve and accounted for in BIS-registered central bank sight accounts.
The Retail Apocalypse continues, oil prices rise due to expanding wars in oil regions, and the resulting turmoil. Topping it off, a global recession adds crushing weight to the chaos.
According to the WGC, festival gold buying was strong in both urban and rural areas. While official data isn't in, there is an indication that there was record buying in rupee terms.
