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Daily Dispatches
Florida governor to approve legislation making gold and silver legal tender
Submitted by admin on Sun, 2025-05-25 11:59 Section: Daily DispatchesBy A.G. Gancarski
Florida Politics, St. Petersburg
Saturday, May 24, 2025
Precious metals are closer to being usable for legal tender in Florida, with Gov. Ron DeSantis receiving a bill he says he is on board to sign.
HB 999 "recognizes gold and silver coin as legal tender for payment of debts," but also mandates "additional requirements regarding privately ensuring deposits' security, record keeping, and maintaining separate ledger accounts for money services that effectuate transactions involving gold or silver coin."
All 260 South African miners stuck underground are rescued
Submitted by admin on Sun, 2025-05-25 11:51 Section: Daily DispatchesFrom Le Monde, Paris
and Agence France-Presse
Friday, May 23, 2025
Rescuers today pulled out all 260 mine workers who had been stuck for more than 24 hours in an underground shaft in South Africa, the mine's operator said.
The miners were trapped underground on Thursday at the Kloof gold mine, 60 kilometers (37 miles) west of Johannesburg, after a hoist used to access the shaft was damaged in an accident, the mining company, Sibanye-Stillwater, said.
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Alasdair Macleod: A brief history of the gold standard
Submitted by admin on Sun, 2025-05-25 09:14 Section: Daily DispatchesBy Alasdair Macleod
Macleod Finance
Sunday, May 25, 2025
As evidence mounts that major Western economies are heading into a banking and monetary crisis due to contracting credit, we face the consequences of unsound money. The era of fiat is drawing to a close and its death will be painful for the highly indebted advanced economies in North America, Europe, and Japan. History and legal precedent tell us that fiat will die and that only gold can provide an anchor to credit values.
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BIS gold swaps have collapsed 99% in four years
Submitted by admin on Fri, 2025-05-23 12:59 Section: Daily DispatchesGATA's Robert Lambourne long has provided the most contemporaneous proof of official intervention against gold -- and the proof that gold is winning.
* * *
1:07p ET Friday, May 23, 2025
Dear Friend of GATA and Gold:
For 26 years GATA has documented extensively the efforts of Western central banks and especially the U.S. government to suppress and manipulate the price of gold to protect the U.S. dollar against competition as the world reserve currency and to control interest rates:
Hikers stumble across mysterious treasure hidden on a Czech mountain trail
Submitted by admin on Thu, 2025-05-22 22:55 Section: Daily DispatchesBy Jacopo Prisco
CNN, New York
Wednesday, May 21, 2025
Ten gold bracelets, 17 cigar cases, a powder compact, a comb, and a whopping 598 gold coins: The items are all part of a valuable and somewhat mysterious stash, found by chance by two hikers in the northeastern Czech Republic.
The hikers, who wish to remain anonymous, were taking a shortcut through the forest in the Krkonose Mountains -- a popular hiking spot -- when they saw an aluminum box sticking out of a stony wall.
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Ghana expects to earn $12 billion a year from small-scale gold mining
Submitted by admin on Thu, 2025-05-22 19:32 Section: Daily DispatchesBy Ekow Dontoh
Bloomberg News
Thursday, May 22, 2025
Ghana expects to rake in $12 billion a year from small-scale gold production if output doubles as planned.
Gold exports from the country have surged as international prices have soared, and much of that expansion is down to small-mine and artisanal production. The government this year set up a regulator to handle all gold buying and selling, hoping to boost foreign-currency reserves and curb black-market trading.
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Help GATA financially and get a commemorative silver round
Submitted by admin on Thu, 2025-05-22 19:28 Section: Daily Dispatches7:28p ET Thursday, May 22, 2025
Dear Friend of GATA and Gold:
We are so close to victory now. Gold is all over mainstream financial news organizations now even as they strive not to expose the real reasons for the monetary metal's spectacular rise: the collapse of the derivatives-based gold price suppression system.
Fort Knox episode of 'America's Book of Secrets' featuring GATA reaches YouTube
Submitted by admin on Wed, 2025-05-21 11:45 Section: Daily Dispatches11:45a ET Wednesday, May 21, 2025
Dear Friend of GATA and Gold:
The History channel at YouTube yesterday posted the entirety of the "America's Book of Secrets" episode from 2012 about the U.S. gold reserve at Fort Knox, an episode in which GATA has a prominent part.
The program has been rebroadcast in syndication on cable television networks many times in the last 13 years, but it may be of interest to those who haven't seen it already.
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China's gold imports surge to 11-month high despite record prices
Submitted by admin on Wed, 2025-05-21 11:11 Section: Daily DispatchesBy Yihui Xie
Bloomberg News
Tuesday, May 20, 2025
China imported the most gold in nearly a year last month despite record prices, after heightened demand for the precious metal prompted the central bank to ease restrictions on bullion inflows.
Total gold imports to the country reached 127.5 metric tons, a 11-month high, according to customs data released today. This represents a 73% jump from a month earlier, even after gold hit successive all-time highs, at once point touching $3,500 an ounce.
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Charlie Garcia: Why is the Fed quietly buying billions in bonds and hoping nobody notices?
Submitted by admin on Tue, 2025-05-20 08:22 Section: Daily DispatchesBy Charlie Garcia
MarketWatch, New York
Saturday, May 17, 2025
The U.S. Federal Reserve just pulled off something stealthy. Over four days last week, without fanfare, the Fed vacuumed up $43.6 billion in U.S. Treasurys. That's $8.8 billion in long-dated 30-year bonds on May 8 alone, plus another $34.8 billion earlier in the week. Not exactly small change.
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