Agnico Eagle CEO sees only one reason to buy a gold stock
Submitted by admin on Mon, 2025-06-23 10:03 Section: Daily DispatchesBy Geoffrey Morgan and Jacob Lorinc
Bloomberg News
Monday, June 23, 2025
The head of one of the most valuable gold miners believes there's only one reason to buy a gold mining stock -- and too few companies in the industry are offering it to investors.
"The only reason you want to buy an equity is if it gives you a better return than just buying gold," Agnico Eagle Mines Ltd. Chief Executive Officer Ammar Al-Joundi said in an interview with Bloomberg.
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Germany and Italy are being pressed to bring $245 billion of gold home from U.S.
Submitted by admin on Mon, 2025-06-23 00:54 Section: Daily DispatchesBy Olaf Storbeck and Amy Kazmin
Financial Times, London
Monday, June 23, 2025
Germany and Italy are facing calls to move their gold out of New York following President Donald Trump's repeated attacks on the U.S. Federal Reserve and increasing geopolitical turbulence.
Fabio De Masi, a former Die Linke member of the European Parliament who joined the leftwing populist BSW party, told the Financial Times that there were "strong arguments" for relocating more gold to Europe or Germany "in turbulent times."
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20 years ago Peter George warned you not to expect gold to rise much tomorrow
Submitted by admin on Sun, 2025-06-22 22:58 Section: Daily Dispatches11p ET Sunday, June 22, 2025
Dear Friend of GATA and Gold:
Over the weekend financial writers were speculating that the price of gold would rise substantially Monday because of the U.S. attack on Iran's nuclear bomb-making infrastructure and the resulting international tensions. Longtime followers of GATA might have just laughed, figuring that gold would probably perform counterintuitively on account of surreptitious crisis intervention by central banks.
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After U.S. attacks on Iran, gold eyes $3,450 Monday, $3,500 this week
Submitted by admin on Sun, 2025-06-22 10:56 Section: Daily DispatchesOf course that assumes that the U.S. Treasury and Federal Reserve don't launch a corresponding attack on the monetary metals. At least this one won't be a surprise attack.
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By Arsian Butt
FX Leaders, Dubai
Sunday, June 22, 2025
Gold is once again back in the highlights following the United States' surprise strikes on three major Iranian nuclear sites over the weekend. The global atmosphere has turned deeply risk-averse. As the world braces for a potential escalation, traders and investors are eyeing gold as a haven amid geopolitical chaos.
Wyoming closer to using gold and silver as legal currency
Submitted by admin on Sat, 2025-06-21 10:44 Section: Daily DispatchesBy Renee Jean
Cowboy State Daily, Cheyenne, Wyoming
Friday, June 20, 2025
When state Sen. Bob Ide, R-Casper, introduced the Wyoming Gold Act earlier this year -- which requires the Wyoming state treasurer to buy and hold at least $10 million in physical gold -- the price of gold was much lower.
It was hovering in the $2,600 to $2,700 per ounce range. Now gold is soaring high at $3,385 an ounce, and even reached $3,500 in April. Any gold bought then would already be worth about 33% more.
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Despite warning from Trump, Africa pioneers non-dollar payments systems
Submitted by admin on Fri, 2025-06-20 18:18 Section: Daily DispatchesTrading in the continent's own currencies, bypassing the dolloar, might save Africa $5 billion a year.
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By Duncan Miriri
Reuters
Friday, June 20, 2025
NAIROBI, Kenya -- Africa's push for local currency payments systems -- once little more than an aspiration -- is finally making concrete gains, bringing the promise of less costly trade to a continent long hobbled by resource-sapping dollar transactions.
