gold coins – DIGIT INFO

Ghana Launches Gold Coin Priced in Local Currency

DIGIT — Mon, 30 Sep 2024 21:35:22 +0000

Ghana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghana’s currency continues to depreciate against the U.S. dollar. Gold Coins Priced in Local Currency Ghana has launched […]

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Zimbabwe’s De-Dollarization: Central Bank to Issue Gold-Backed Digital Currency in Early May

DIGIT — Sun, 30 Apr 2023 10:00:16 +0000

The Reserve Bank of Zimbabwe (RBZ) has said it will start issuing gold-backed digital tokens on May 8. The first phase of the launch will see the digital tokens being issued for “investment purposes with a vesting period of 180 days.” The RBZ also revealed that the gold-backed digital tokens “would be used both as […]

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The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy

DIGIT — Sun, 16 Apr 2023 22:30:17 +0000

Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers […]

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Gold Coins Help Zimbabwe Achieve ‘Price and Exchange Rate Stability’ — Central Bank

DIGIT — Fri, 10 Feb 2023 05:30:16 +0000

The Reserve Bank of Zimbabwe recently revealed that some 25,188 of its value-preserving gold coins were sold between July 2022 and Jan. 13. According to the central bank governor, John Mangudya, the gold coins “have proved to be an effective open market instrument for mopping up excess liquidity in the economy.” Gold Coins as Alternative […]

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Zimbabwe Central Bank: Gold Coin Sales to Commence in Late July

DIGIT — Thu, 07 Jul 2022 08:49:50 +0000

Starting on July 25, the Zimbabwean public will be able to buy and hold gold coins which weigh one troy ounce each. In addition to their use as an alternative store of value, the central bank says the coins can be traded and used as “security for loans and credit facilities.” Coins to Be Sold […]

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Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value

DIGIT — Tue, 28 Jun 2022 08:30:07 +0000

After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will act as an instrument that will “enable investors to store value.” Discouraging Speculative Borrowing Monetary […]

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Central Banks Dump Gold for the First Time Since 2010, Precious Metal Drops 9% Since August High

DIGIT — Fri, 30 Oct 2020 20:30:56 +0000

A few central banks have started selling tons of gold for the first time since 2010 in order to ease the financial suffering from the Covid-19 pandemic. At $1,875 per ounce, gold prices are down -9.63% since the commodity’s high of $2,075 on August 6. Even though gold has dropped significantly in value in contrast […]

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As Gold Touches New Highs Investors Face Storage Issues, Market Dilution, Threat of Seizures

DIGIT — Fri, 31 Jul 2020 18:35:04 +0000

During the last few weeks, gold has skyrocketed in value over the concerns fueled by the faltering global economy. Despite the fact that gold has always been a safe-haven, many investors are looking to bitcoin because they fear central banks will dilute the market or even confiscate the gold. Prior to Covid-19, central banks purchased […]

The post As Gold Touches New Highs Investors Face Storage Issues, Market Dilution, Threat of Seizures appeared first on Bitcoin News.

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Russian Shipwreck and ‘Treasure’ Linked to Crypto Exchange

DIGIT — Sun, 29 Jul 2018 05:45:38 +0000

A South Korean firm claimed to have found the wreck of a Russian warship sunk in 1905 with $130 billion worth of gold on board. The cruiser and its treasure are linked to a crypto exchange and token which the firm reportedly promised to distribute to anyone signing up with the exchange. As the country’s […]

The post Russian Shipwreck and ‘Treasure’ Linked to Crypto Exchange appeared first on Bitcoin News.

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