BIS gold swaps fall from 54 tonnes in Oct. to 39 in Nov.
Submitted by admin on Sat, 2025-12-06 23:47 Section: Daily Dispatches11:47p ET Saturday, December 6, 2025
Dear Friend of GATA and Gold:
GATA consultant Robert Lambourne reported today that gold swaps undertaken by the Bank for International Settlements, the central bank of the central banks and a broker for them in the gold market, fell markedly in November, from 54 tonnes in October to 39 tonnes.
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Africa remains full of rich countries insisting on being poor
Submitted by admin on Sat, 2025-12-06 23:27 Section: Daily DispatchesFrom Gold to Oil: 8 African Countries Sitting on Untapped Natural Resources
By Olamilekan Okebiorun
Business Insider, New York
Friday, December 5, 2025
Africa is home to some of the world's richest natural resources, yet many of its reserves remain largely untapped.
From bauxite and copper to gold, uranium, and oil, these resources hold enormous potential to transform economies, attract foreign investment, and position the continent as a key player in the global supply of minerals and energy.
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China's central bank extends gold-buying streak as metal's rally cools
Submitted by admin on Sat, 2025-12-06 23:17 Section: Daily DispatchesBy Yihui Xie
Bloomberg News
Saturday, December 6, 2025
China's central bank added to its gold reserves for a 13th straight month, according to data released today.
Bullion held by the People's Bank of China rose by 30,000 troy ounces last month, bringing the total to around 74.12 million troy ounces. The current buying cycle began in November 2024.
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With gold breaking records, South Africa opens its first new gold mine in 15 years
Submitted by admin on Fri, 2025-12-05 10:20 Section: Daily DispatchesBy Chinedu Okafor
Business Insider, New York
Friday, December 5, 2025
... As a result of the mineral's impressive performance all year round, markets in Africa are reacting significantly, including the seizure of mines in the Sahel region, and very recently, the construction of a new rare underground gold mine in South Africa.
The new underground mine is the first the country has built in 15 years.
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Gold's bubble behavior may signal paradigm shift
Submitted by admin on Fri, 2025-12-05 10:12 Section: Daily DispatchesBy Edward Chancellor
Reuters
Friday, December 5, 2025
LONDON -- Assets that rise rapidly above their long-term trend are usually set for a fall. That's what happened to gold after it peaked in late 1979. Over the following five years, the price of the yellow metal fell by nearly two-thirds.
This year, gold has risen more than 60% in dollar terms, its best performance in 46 years. Adjusted for inflation, gold has never been more expensive. Either we are witnessing another bubble or it's a paradigm shift.
It beats cash -- Australian miners build big gold stockpiles at Perth Mint amid record prices
Submitted by admin on Thu, 2025-12-04 22:42 Section: Daily DispatchesBy Jarrod Lucas
Australian Broadcasting Corp., Sydney
Friday, December 5, 2025
A prospector who amassed a fortune in Western Australia's mining industry after pegging ground covering some of Kalgoorlie's richest gold mines has no plans to sell large stockpiles of the metal being stored at the Perth Mint.
Anton Billis, also known as Anthony, is a one-time bankrupt who remains a reclusive enigma in the resources sector.
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