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Bill Introduced in Congress to Repeal Capital Gains Taxes on Gold and Silver
A bill introduced in Congress would repeal capital gains taxes on gold and silver. Alex Mooney (R-WV) introduced HR2284. Titled the Monetary Metals Tax Neutrality Act, the legislation would eliminate capital gains, losses and all other federal income calculations on...
Russian National Wealth Fund Turning to Gold, Dumping Dollars
The Russian Finance Ministry has given the green light for the Russian National Wealth fund to diversify and invest in gold and other precious metals. According to a report by RT, this is part of a broader move to de-dollarize the wealth fund. The National Wealth...
Idaho House Votes to Encourage Holding Physical Gold and Silver to Protect State Reserves
Boise, Idaho (February 12, 2021) — The Idaho State House today overwhelmingly approved a bill which enables the State Treasurer to protect state reserve funds from inflation and financial risk by holding physical gold and silver. State representatives voted...
Russia Holds More Gold Than Dollars for First Time in History
For the first time ever, Russia holds more gold than US dollars. According to a Central Bank of Russia report published this week and analyzed by Bloomberg, gold made up 23% of the Central Bank of Russia’s reserves as of the end of June. The bank’s share of dollar...
Gold climbs 1.5% on U.S. stimulus bets, dipping dollar
Gold prices rose over 1% to a one-month peak on Thursday as the dollar spiralled lower on hopes of more coronavirus relief aid and the U.S. Federal Reserve’s pledge to funnel more cash and keep interest rates pinned low.Start Your Dollarcation With RTD University
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