Connecticut Gov. Ned Lamont (D) signed House Bill 7287 into law, which includes a provision removing the last remaining tax on purchases of gold, silver, platinum, and palladium bullion.
OMFIF published an essay by Sobel deploring the increasing acquisition of gold by central banks noting that "monetizing" central bank gold reserves "could generate resources for good use."
The Turkish central bank estimates that Turkish households have more $311 billion worth of unregistered gold, most of it outside of the official financial system.
The Republican insistence on increasing military spending is the main reason Congress cannot cut taxes without increasing the debt, making cuts in domestic welfare programs, or both.
