GATA

Muflih Hidayat: China's paper gold trading shutdown and its global price impact

Section: Daily Dispatches

11:04a ET Sunday, July 19, 2026

Dear Friend of GATA and Gold:

Australia's Discovery/Alert internet site published yesterday a brilliant and comprehensive report by its mining journalist, Muflih Hidayat, about China's plan to replace Western "paper" pricing of gold -- derivative-based pricing -- with pricing based on trading of real metal in Shanghai and Hong Kong. 

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France withdrew billions in gold from U.S. vaults. Is a global currency shift ahead?

Section: Daily Dispatches

By Laura Grande
Associated Press
via Yahoo News, Sunnyvale, California
Saturday, July 18, 2026

Earlier this year France pulled off a financial maneuver that turned old gold into billions.

The strategy itself was relatively simple. Starting in mid-2025, France's central bank sold 129 metric tons of gold it had stored in New York and replaced it with newer, high-quality bullion held in Paris.

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Trump Media pitched $100,000 monthly fee to traders for fastest feed of president's posts

Section: Daily Dispatches

Maybe a legal form of insider trading.

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By Anirban Sen, Jaspreet Singh, and Courtney Rozen
Reuters
Friday, July 17, 2026

Donald Trump's social ​media company has discussed charging Wall Street traders and investment firms as much as $100,000 a month for faster access to the U.S. president's posts on his Truth Social ‌platform, according to people familiar with the matter.

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Treasury secretary says Fort Knox still has its gold but notes it doesn't back the dollar anymore

Section: Daily Dispatches

Still no journalistic questions about leases, swaps, and other impairments.

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By Jing Pan
Associated Press
via Yahoo News, Sunnyvale, California
Saturday, July 18, 2026

Is Fort Knox's gold still there?

It's a question that has long fascinated Americans -- including President Donald Trump.

Treasury Secretary Scott Bessent now says he has an answer.

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Bloomberg begrudgingly acknowledges gold's strong performance

Section: Daily Dispatches

11:26a ET Friday, July 17, 2026

Dear Friend of GATA and Gold:

What's notable about the commentary below, "A Believer's Guild to Buying Gold Now," isn't anything asserted in the commentary itself but that it was first published today on the Bloomberg news internet site, which long has treated gold only with great resentment.

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Gold price fall is a 'feint' by central banks to cover their own purchases, Piepenburg says

Section: Daily Dispatches

9:24a ET Friday, July 17, 2026

Dear Friend of GATA and Gold:

Von Greyerz Gold Switzerland partner Matthew Piepenburg, commenting this week during Rick Rule's Symposium in Boca Raton, Florida, says governments and central banks have engineered the recent decline in gold prices to facilitate their own urgent acquisition of metal amid a "sea change" in the world's financial system. The price decline, Piepenburg says, is actually just a "feint," a strategic distraction. 

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