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Daily Dispatches
On LFTV, Maguire and Macleod discuss debt trap and derivatives risk
Submitted by admin on Sat, 2025-07-19 08:55 Section: Daily Dispatches8:53a ET Saturday, July 19, 2025
Dear Friend of GATA and Gold:
This week's edition of Kinesis Money's "Live from the Vault" is a discussion between London metals trader Andrew Maguire and economist, market analyst, and newsletter writer Alasdair Macleod about the debt trap in which most major Western countries are caught. They also review the threat to the Western financial system posed by gold derivatives unbacked by real metal.
The program is 56 minutes long and can be viewed at YouTube here:
Alasdair Macleod: Silver leads the way higher
Submitted by admin on Fri, 2025-07-18 13:44 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, July 18, 2025
Silver swaps are facing a short squeeze in poor liquidity, with lease rates on the September Comex contract at over 5%. Gold continues to consolidate in a bullish pennant formation.
This week gold continued its consolidation, while silver squeezed higher from Wednesday onwards. In European trade this morning, gold was $3350, down a paltry $5 from last Friday’s close. Silver was $38.35, barely changed on balance.
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Bank of England scrutinizes lenders for dollar risk amid Trump worries, sources tell Reuters
Submitted by admin on Fri, 2025-07-18 12:18 Section: Daily DispatchesBy Stefania Spezzati, Jesus Aguado, and Lawrence White
Reuters
Friday, July 18, 2025
LONDON -- The Bank of England has asked some lenders to test their resilience to potential U.S. dollar shocks, three sources said, the latest sign of how the Trump administration's policies are eroding trust in the U.S. as a bedrock of financial stability.
As the leading currency for global trade and capital flows, the U.S. dollar is the lifeblood of global finance.
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Stuart Englert: Bullion stackers are the ultimate savers
Submitted by admin on Thu, 2025-07-17 15:12 Section: Daily DispatchesBy Stuart Englert
StuartEnglert.substack.com
Thursday, July 17, 2025
When it comes to money, two kinds of people exist: spenders and savers.
Precious metal stackers are in a league of their own. They're the most farsighted, knowledgeable, and patient of savers.
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New state laws pave the way for using gold as legal tender
Submitted by admin on Thu, 2025-07-17 15:02 Section: Daily DispatchesAnd somehow The Washington Post has noticed.
* * *
By Shannon Najmabadi
The Washington Post
via MSN News, Redmond, Washington
Thursday, July 17, 2025
Imagine you're in the supermarket checkout line. The cashier scans and bags your groceries as usual, then offers you a new way to pay: "Cash, card ... or gold?"
The scenario may sound far-fetched. But people in Missouri, Texas, and other states will be able to buy household items with gold and silver under a series of new laws that treat precious metals like currency.
China looks to Africa as testing ground for globalizing yuan
Submitted by admin on Thu, 2025-07-17 10:36 Section: Daily DispatchesBy Jevans Nyabiage
South China Morning Post, Hong Kong
Wednesday, July 16, 2025
China appears to be positioning Africa as a testing ground for internationalisation of the yuan as it seeks to expand the currency’s global use and break the dominance of the U.S. dollar.
China may be secretly stockpiling gold. Why that spells trouble for the U.S. dollar
Submitted by admin on Thu, 2025-07-17 08:52 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch, New York
Thursday, July 17, 2025
China's central bank has been buying physical gold to add to its reserves for at least the past three years -- and there's growing speculation that the country may be purchasing even more of the metal in secret as part of a strategy to reduce its reliance on the U.S. dollar.
The ramp-up in gold purchases by the People's Bank of China began back in 2022 when Russia invaded Ukraine, Jan Nieuwenhuijs, gold analyst at Money Metals, told MarketWatch.
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Brien Lundin: This is the year for metals, and the New Orleans Investment Conf.
Submitted by admin on Wed, 2025-07-16 13:30 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
New Orleans Investment Conference
Wednesday, July 16, 2025
This year's New Orleans Investment Conference is coming up quickly -- and the excitement over the metals and mining markets adds more urgency than usual for those hoping to attend.
Our registrations for this year are already well ahead of anything we've seen for many years, and I expect a bustling crowd that could eat up our entire hotel room block.
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Barrick may sell its last Canadian gold mine to Discovery Silver
Submitted by admin on Tue, 2025-07-15 20:40 Section: Daily DispatchesBy Jacob Lorinc and Paula Sambo
Bloomberg News
Tuesday, July 15, 2025
Barrick Mining Corp. is in advanced talks to sell its last Canadian gold mine to Discovery Silver Corp., according to people familiar with the matter, as the firms seek to capitalize on the soaring price of the precious metal.
Discovery Silver is in the final stages of a process Barrick launched in April to sell the Hemlo gold mine in Ontario, according to the people, who asked not to be named.
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Ghana moves to hedge gold export prices to protect growth of reserves
Submitted by admin on Tue, 2025-07-15 20:32 Section: Daily DispatchesBy Moses Mozart Dzawu
Bloomberg News
via Mining Weekly, Bedfordview, South Africa
Tuesday, July 15, 2025
Ghana is working on a programme to hedge the price of gold exports as it seeks to shield earnings that have bolstered the central bank’s foreign reserves from future volatility, Bank of Ghana Governor Johnson Asiama said.
Increased production and higher prices have helped Africa’s top gold miner to boost gross international reserves to $11.1-billion, Asiama said today in the capital, Accra. The buffer is enough to cover 4.8 months of imports, he said.
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