Taiwan's Currency Backed by Gold Reserves: Central Bank

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News Date: August 18, 2024

A central bank official announced on Friday that Taiwan holds around 422 tonnes of gold in reserve, managed by the Central Bank of the Republic of China (Taiwan) to support the national currency.
Of this, 410 tonnes are dedicated to backing the issuance of New Taiwan dollars, while a smaller portion is used every four years to mint commemorative coins for the inauguration of the president and vice president.
As of the first quarter of 2024, Taiwan ranks 12th globally in gold reserves.
Despite a significant increase in gold's value since its purchase in the 1970s, the central bank is not buying or selling its reserves.
Taiwan's unrealized gain from these reserves is nearly NT$900 billion due to gold's appreciation.

CEO of SVB exits the board of FED

CEO of Failed Silicon Valley Bank No Longer a Director at SF Fed.
The chief executive officer of failed Silicon Valley Bank, Greg Becker, is no longer on the board of directors at the Federal Reserve Bank of San Francisco.
The spokesperson declined to say how Becker exited the San Francisco Fed board.
(Reuters)

Treating gold and silver as money

May 12, 2024 update: Nebraska ended capital gains taxes on sales of gold and silver With Gov. Jim Pillen's signature.
Older news:
42 states have removed some or all taxes from the purchase of gold and silver.
And there are new bills pending now in five of the eight remaining states, i.e. Tennessee, Mississippi, Kentucky, Hawaii, and New Jersey.
In 2019, the Sound Money Defense League teamed up with sound money advocates in West Virginia to eliminate sales taxes on precious metals.
A similar effort will be considered in Olympia, Washington.
Passage into law would relieve some of the tax burdens on investors, and would also take a step toward treating gold and silver as money instead of as commodities.
Repealing these taxes knocks down one barrier that might keep some investors from considering physical metal for their portfolios.
Source: fee.org

EO Promoting Redemption of Savings Bonds

President Donald Trump issued an Executive Order Promoting Redemption of Savings Bonds on December 18, 2020.
Could a seismic monetary shift be on the horizon for the Restored Republic.
It is an ongoing pilot project to assess the feasibility and cost of digitizing & making these records searchable & accessible.
It is currently estimated that more than 75 million matured savings bonds, issued as far back as 1935, remain unredeemed. The total value of these unredeemed savings bonds is approximately $27 billion.
Sources: www.whitehouse.gov

Ripple Swell event 2021

Ripple Swell is the annual conference held by the American technology company Ripple.
It is a private event for Ripple customers, prospects, and partners only.
Ripple Swell event 2021 is coming on November 9-10, virtual-only.
Leading industry discussions, networking, and interactive surprises.
Maybe Ripple is planning to announce something big.
Sources: swell.ripple.com

Notable Resignations Worldwide Updated

There is no conspiracy-theory. This is a daily updated list of Notable Resignations Worldwide with accurate info.
Source:www.resignation.info/list