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Daily Dispatches
Bullion banks have covered shorts and are heavily long silver, Maguire tells LFTV
Submitted by admin on Fri, 2025-06-13 22:18 Section: Daily Dispatches10:18p ET Friday, June 13, 2025
Dear Friend of GATA and Gold (and Silver):
In this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire says the major bullion banks have covered their shorts and gone heavily long in silver and are now talking up their expectation of higher prices
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Effort to strip Fed of interest-paying power seen likely to bring upheaval to markets
Submitted by admin on Thu, 2025-06-12 21:22 Section: Daily DispatchesBy Michael S. Derby
Reuters
Thursday, June 12, 2025
NEW YORK -- A Republican senator's plan to take away the Federal Reserve's power to pay banks interest on cash they park on central bank books could cause chaos for monetary policy implementation if it were implemented, market participants said.
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Stuart Englert: Broken precious metal promises
Submitted by admin on Thu, 2025-06-12 17:54 Section: Daily Dispatches5:53p ET Thursday, June 12, 2025
Dear Friend of GATA and Gold:
Financial writer Stuart Englert today refutes the many assertions that the United States has never defaulted on its debts.
Peter Grandich interviews GATA secretary about prospects for gold and silver
Submitted by admin on Thu, 2025-06-12 17:39 Section: Daily Dispatches5:38p ET Thursday, June 12, 2025
Dear Friend of GATA and Gold:
Financial market veteran Peter Grandich today interviewed your secretary/treasurer about the state of gold and silver market manipulation, Asia's increasing influence over gold and silver prices, the long decline in gold swaps undertaken by the Bank for International Settlements, the dishonesty of government gold reserve data, and the possibility of an internationally agreed upward revaluation of gold.
The interview is 18 minutes long and can be viewed at YouTube here:
Jan Nieuwenhuijs: Secret gold purchases by Chinese central bank reach mainstream media
Submitted by admin on Thu, 2025-06-12 14:31 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Wednesday, June 11, 2025
Bloomberg has finally published an article on covert central bank gold buying (mainly by China), a topic about which I have been disseminating evidence since February 2023.
Better late than never.
Myrmikan's Dan Oliver: Markets are already crashing against gold
Submitted by admin on Thu, 2025-06-12 09:08 Section: Daily Dispatches9:06a ET Thursday, June 12, 2025
Dear Friend of GATA and Gold:
In his new market study, Myrmikan Capital's Daniel Oliver argues that gold, natural free-market money, always has traded against asset markets and now is showing that asset markets are already crashing in real terms if not in nominal terms.
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Silver and platinum prices soar as investors seek 'gold alternatives'
Submitted by admin on Thu, 2025-06-12 08:27 Section: Daily DispatchesBy Leslie Hook
Financial Times, London
Thursday, June 12, 2025
Investors are pouring into silver and platinum as they seek "gold alternatives" and hedges against the U.S. dollar, sending prices for both metals soaring.
With the U.S. dollar's status as a safe haven for global capital under threat, gold has enjoyed a historic rally, surging 25% since the beginning of the year as investors use it as a hedge against uncertainty.
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Dollar-obsessed Argentines have a new love for buying gold instead
Submitted by admin on Wed, 2025-06-11 09:25 Section: Daily DispatchesBy Ignacio Olivera Doll
Bloomberg News
Wednesday, June 11, 2025
Gold is winning over the hearts of Argentines, a nation once almost irrationally devoted to the dollar.
Argentina's deep-rooted reliance on the greenback -- the country ranks among top holders of the U.S. currency, according to estimates by economists and former central bank officials -- is now being challenged by a growing appetite for gold. From bullion and small bars to exchange-traded funds, Argentines are increasingly turning to the precious metal as an alternative store of value.
Gold overtakes euro as global reserve asset, ECB says
Submitted by admin on Wed, 2025-06-11 08:46 Section: Daily DispatchesBy Olaf Storbeck and Leslie Hook
Financial Times, London
Wednesday, June 11, 2025
Gold has overtaken the euro as the world's second most important reserve asset for central banks, driven by record purchases and soaring prices, according to the European Central Bank.
Bullion accounted for 20% of global official reserves last year, outstripping the euro's 16% and second only to the U.S. dollar at 46%, data from an ECB report published today showed.
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Ironic: Dollar-enforcer IMF wants to put Zimbabwe on a de-facto gold standard
Submitted by admin on Tue, 2025-06-10 10:19 Section: Daily DispatchesIMF Wants Zimbabwe's Gold-Backed ZiG to Become Sole Currency
By Ray Ndlovu
Bloomberg News
Monday, June 9, 2025
The International Monetary Fund said it would like to see the ZiG "fully becoming a national currency" as it weighs whether to place Zimbabwe on a staff-monitored program.
The ZiG, short for Zimbabwe Gold, succeeded the Zimbabwean dollar in April 2024 after multiple crashes. It's the country's sixth attempt since 2009 to replace the dollar as the southern African nation’s main transacting currency, but is yet to succeed.
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