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Daily Dispatches

GATA's Ed Steer interviewed about the collapse of Western gold and silver price suppression policy

Section: Daily Dispatches

11:50a ET Tuesday, December 9, 2025

Dear Friend of GATA and Gold (and Silver):

GATA board member Ed Steer, publisher of Ed Steer's Gold & Silver Digest, was interviewed Sunday by Dave Janda on WAAM-AM1600 in Ann Arbor, Michigan, discussing the ongoing collapse of the latest cycle of Western government gold and silver price suppression policy. The interview is 24 minutes long and can be heard at Janda's internet site here:

Thailand gold trading house takes in more money than country's government spends

Section: Daily Dispatches

Gold Frenzy Puts Thai Trading House on Record Trajectory

By Suttinee Yuvejwattana
Bloomberg News
Monday, December 8, 2025

Unprecedented gold prices and a surge in retail sales may push revenue at Thailand's largest gold trading house to a record 5 trillion baht ($157 billion) this year, according to Hua Seng Heng Chief Executive Officer Tanarat Pasawongse.

Robert Lambourne: Bank of England increasingly looks like headquarters of gold-market rigging

Section: Daily Dispatches

By Robert Lambourne
Monday, December 8, 2025

Developments this year have strengthened suspicions that the Bank of England is complicit in gold price suppression, especially developments with the custody of the United Kingdom's reserves of foreign exchange and gold held in the government's Exchange Equalisation Account. 

The audited annual report of the EEA for the year to March 31, 2025, still has not been published. It is usually published in July. This delay was disclosed by GATA in a dispatch on October 7:

Having long secretly meddled in gold for central banks, BIS blames retail investors for 'bubble'

Section: Daily Dispatches

Retail Investors Help Drive Gold and U.S. Stocks to Bubble Territory, BIS warns

By Leslie Hook and Martin Arnold
Financial Times, London
Monday, December 8, 2025

Retail investors are helping drive gold and U.S. stocks toward "bubble" territory, raising the risk of a disorderly reversal, the Bank for International Settlements has warned.

In its latest quarterly review, published Monday, the BIS said that gold and U.S. stocks showed the hallmarks of a bubble, including retail investor "exuberance," surging valuations, and media hype.

Silver and copper eclipse gold as top metals bets amid supply fears

Section: Daily Dispatches

By David Marino and Yvonne Yue Li
Bloomberg News
via Yahoo News, Sunnyvale, California
Sunday, December 7, 2025

Silver and copper have replaced gold as the hot metal trade heading into 2026, with institutional and retail traders positioning for record rallies.

BIS gold swaps fall from 54 tonnes in Oct. to 39 in Nov.

Section: Daily Dispatches

11:47p 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

Section: Daily Dispatches

From 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By 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.

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