Small miners, big companies, and armed gangs fight over Peru's gold
Submitted by admin on Thu, 2025-05-29 14:16 Section: Daily DispatchesBy Dan Collyns
The Guardian, London
Thursday, May 29, 2025
Deep in the mountains of northern Peru, a bloody war is being fought over gold. As its international price sets successive record highs above $3,000 an ounce, criminal gangs, illegal miners, and established mining companies battle over the metal.
The conflict is not fought out in the open but in a maze of tunnels that stretch for miles inside the mountains of Pataz, a gold-rich Andean province about 130 miles inland from Peru's third city, Trujillo.
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Sean Ring: Government-inspired naked shorting of futures holds silver down
Submitted by admin on Thu, 2025-05-29 13:12 Section: Daily DispatchesBy Sean Ring
The Rude Awakening
Paradigm Press, Baltimore
Wednesday, May 28, 2025
Why is one of the most useful metals on Earth, and a former pillar of the monetary system, still trading like it's 1999?
Asia's $7.5 trillion bet on U.S. assets is suddenly unravelling
Submitted by admin on Wed, 2025-05-28 10:08 Section: Daily DispatchesBy Ruth Carson, Masaki Kondo, Rebecca Choong Wilkins, and Diana Li
Bloomberg News
Tuesday, May 27, 2025
For decades, Asia's export powerhouses had a simple financial strategy: Sell goods to the United States, then invest the proceeds in American assets.
That model is now facing its biggest threat since the 2008 global financial crisis as Donald Trump tries to remake global trade and the U.S. economy -- upending the logic behind $7.5 trillion of investments from Asia. Some of the biggest money managers say an unwind is just getting started.
Gov. DeSantis signs bill allowing transactions using gold and silver in Florida
Submitted by admin on Tue, 2025-05-27 19:54 Section: Daily DispatchesBy Malcolm Harvey
WTLV-TV12, Jacksonville, Florida
Tuesday, May 27, 2025
EU to delay Basel III bank rules pending Trump's deregulation moves, sources tell Reuters
Submitted by admin on Tue, 2025-05-27 10:25 Section: Daily DispatchesBy Francesco Canepa, Jan Strupczewski, and Giuseppe Fonte
Reuters
Thursday, May 22, 2025
FRANKFURT, Germany -- The European Union is set to delay new, global rules governing banks' trading again as it waits for more clarity about the U.S. administration's plans to deregulate its financial sector, sources told Reuters.
The Fundamental Review of the Trading Book is a key part the Basel III package devised in the wake of the global financial crisis but not yet implemented by Britain or the United States, two key financial centers.
Ultra-rich increasingly park gold in Singapore as global risks and Trump volatility rise
Submitted by admin on Tue, 2025-05-27 10:16 Section: Daily DispatchesBy Lee Ying Shan
CNBC, New York
Monday, May 26, 2025
The ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets -- and Singapore is emerging as a favored destination.
Not far from the city-state's airport sits a six-story facility covered in onyx and fortified by tight security. Tucked behind its steel doors are gold and silver bars amounting to about $1.5 billion.
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