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Daily Dispatches
Bill Holter tells LFTV that systemic failure starts with silver
Submitted by admin on Sat, 2025-09-13 20:02 Section: Daily Dispatches8p ET Saturday, September 13, 2025
Dear Friend of GATA and Gold:
Monetary metals analyst Bill Holter, London metals trader Andrew Maguire's guest this week on Kinesis Money's "Live from the Vault" program, discusses the risk to the world financial system posed by the naked short position in the silver markets.
The program is headlined "Systemic Failure Starts with Silver," is 48 minutes long, and can be found at the Kinesis Money channel at YouTube here:
Ghana, Africa's top gold producer, will begin local gold refining drive this year
Submitted by admin on Sat, 2025-09-13 18:19 Section: Daily DispatchesFrom Business Insider, New York
Saturday, September 13, 2025
The Ghana Gold Board has announced plans to commence local gold refining and introduce fire assay operations in October.
The development was disclosed by the chief executive officer of the board, Sammy Gyamfi, at the Mining and Minerals Convention in Accra on Tuesday, September 9.
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China proposes rule changes to ease gold imports and exports
Submitted by admin on Sat, 2025-09-13 09:28 Section: Daily DispatchesFrom Bloomberg News
via The Times of India, Mumbai
Saturday, September 13, 2025
China is seeking to ease licensing rules for gold imports and exports as the world's largest consumer of the precious metal continues to diversify its reserves away from U.S. dollars.
Adam Sharp: Is gold cooked? No way!
Submitted by admin on Fri, 2025-09-12 18:43 Section: Daily DispatchesBy Adam Sharp
Daily Reckoning, Baltimore
Friday, September 12, 2025
A tricky gold chart is making the rounds on social media.
The Bloomberg chart in question shows that gold just surpassed its 1980 all-time high, if you adjust for CPI (official government inflation).
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Poland's central bank to boost gold reserves to 30% of assets
Submitted by admin on Fri, 2025-09-12 07:56 Section: Daily DispatchesFrom Investing.com, Nicosia, Cyprus
Thursday, September 11, 2025
Poland's central bank announced Wednesday plans to increase its gold holdings to 30% of its reserve assets, aiming to strengthen the country's financial security.
The National Bank of Poland said the timing and volume of gold purchases would be determined by market conditions.
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'Paper gold' is over, Frank Giustra tells Colorado metals conference
Submitted by admin on Fri, 2025-09-12 07:21 Section: Daily DispatchesBy Henry Lazenby
The Northern Miner, Toronto
Thursday, September 11, 2025
BEAVER CREEK, Colorado -- Canadian dealmaker Frank Giustra says the age of paper gold is ending as BRICS nations stand up a parallel financial system that routes around the U.S. dollar and prizes deliverable metal.
Swiss boost Trump trade deal with idea for gold refinery in U.S., sources tell Reuters
Submitted by admin on Thu, 2025-09-11 18:27 Section: Daily DispatchesBy Dave Graham
Reuters
via Yahoo News, Sunnyvale, California
Thursday, September 11, 2025
ZURICH -- Switzerland is proposing that its gold industry should build a refinery in the United States or increase its processing capacity there as part of a plan to reduce U.S. trade tariffs, according to two people familiar with the matter.
President Donald Trump on August 7 slapped 39% tariffs on Swiss goods imports due to the U.S. trade deficit with Switzerland, which scrapped its own industrial tariffs at the start of last year.
Barrick sells its last gold mine in Canada for $1.1 billion
Submitted by admin on Thu, 2025-09-11 07:54 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Wednesday, September 10, 2025
Barrick Mining Corp. agreed to sell its last gold mine in Canada for as much as $1.1 billion as the global mining giant capitalizes on surging bullion prices and accelerates a shift toward copper.
The purchase of the Hemlo Gold Mine by Carcetti Capital Corp. will give Barrick $875 million in cash plus Carcetti shares valued at $50 million on completion, according to a statement late Wednesday. A further $165 million of later cash payments are contingent on gold price thresholds.
Bolivia's central bank keeps selling gold it doesn't quite have yet
Submitted by admin on Wed, 2025-09-10 18:37 Section: Daily DispatchesBolivia Raises $589 Million Against Future Gold Deliveries
By Sergio Mendoza
Bloomberg News
Wednesday, September 10, 2025
Dollar-strapped Bolivia is relying on increasingly sophisticated operations to raise hard currency that it can use to pay its foreign debt.
In recent months the Bolivian central bank has raised $589 million against the delivery in a year's time of 5.4 tons of gold, it said in a report published this month.
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BIS gold swaps fell from 34 tonnes in July to 30 in August
Submitted by admin on Tue, 2025-09-09 11:17 Section: Daily Dispatches11:19a ET Tuesday, September 9, 2025
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements fell in August by four tonnes, from 34 in July to 30 at the end of last month, according to the bank's monthly report, published this week --
https://www.bis.org/banking/balsheet/statofacc250831.pdf
-- and to calculations made from the report by GATA consultant Robert Lambourne.
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