Central bankers are losing the war on gold

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News Date: September 3, 2020

The central bankers, Wall Street - the usual suspects - they are losing this war on gold as they have done in the 1960s, Middelkoop told the Keiser Report.
The year the author was referring to is when the London Gold Pool existed. The group was comprised of several central banks, which dumped their gold reserves to keep bullion price at $35 per troy ounce. Middelkoop says that now we can see the second London Gold Pool is failing.

The long awaited Gold Standard is here

Zimbabwe will start issuing digital currency next month that is backed by gold.
On May 8, the public will be able to purchase a digital currency backed by gold from Zimbabwe's central bank.
Additionally, RBZ introduced smaller gold coins in weights of tenths of an ounce, quarters of an ounce, and half of an ounce.
The smallest coin weighs just over 3.11 grams and costs US$188.48 or its equivalent in local currency at the interbank rate.

Delaware Supreme Court finds vote by mail, same-day registration unconstitutional

The Delaware Supreme Court on Friday struck down recent vote-by-mail and same-day voter registration legislation, overturning a signature achievement by Gov. John Carney and Democrat lawmakers.
Sources: yahoo

Congress letter to encourage the Treasury to utilize blockchain and DLT

Eleven members of Congress are calling on the U.S. Treasury Department to look at new technologies, including blockchain and distributed ledger technology (DLT), to help streamline how cash and supplies are distributed under a federal law trying to boost the economy during the COVID-19 crisis.
Source:coindesk.com

US Jobs Data could Trouble the Market

Goldman: The Market's Reaction To The Jobs Report Means Brace For A Stubborn Grind Higher In September.
Unusually large U.S. jobs number stokes case for 'unusually large' rate hike.
Friday's 'Great' Jobs Number Could Spell Trouble For The Market.
'Great' US Jobs Data Make Case for Bigger Fed Rate Increases.
Bond markets complicate Fed decision after jobs report.
There is a probability of a 0.75% move in September, a noticeable change from the 0.50% move markets were pricing prior to Friday's jobs report.
Sources: substack, finance.yahoo

Russia to test payments in digital currencies

Russia is ready to start testing payments in digital currencies with China or countries of the Eurasian Economic Union and will promote the idea with its partners,
Russian Finance Minister Anton Siluanov told state media in remarks published on Monday.
Siluanov: "We discussed this topic at the end of last year at the inter-ministerial dialogue."
He restated that any foreign acts involving Russian assets would be met with an equal response from Moscow.