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Daily Dispatches
Hong Kong investors triple gold holdings in rush to haven asset, HSBC survey finds
Submitted by admin on Fri, 2025-07-04 12:21 Section: Daily DispatchesBy Cao Li
South China Morning Post, Hong Kong
Thursday, July 3, 2025
Affluent investors in Hong Kong have nearly tripled their allocation to gold amid economic and geopolitical uncertainties, according to an HSBC survey.
Individual investors in the city with US$100,000 to US$2 million in investible assets had allocated 11% of their portfolios to gold and other precious metals, up from 4% a year ago, according to the survey, published Thursday.
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EPA settlement with Northern Dynasty could be turning point for U.S. critical minerals security
Submitted by admin on Fri, 2025-07-04 12:07 Section: Daily DispatchesBy Harrison Brooks
AInvest, New York
Friday, July 4, 2025
The U.S. federal government's push to secure domestic supplies of critical minerals like copper and rhenium has reached a pivotal moment. Northern Dynasty Minerals, the company behind the controversial Pebble Project in Alaska, is now in advanced negotiations with the Environmental Protection Agency to resolve a 2023 veto of the mine.
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Gold-backed ZiG climbs most this year as Zimbabwe reserves surge
Submitted by admin on Fri, 2025-07-04 11:52 Section: Daily DispatchesBy Ray Ndlovu
Bloomberg News
Friday, July 4, 2025
Zimbabwe's gold-backed ZiG posted its best single-day gain against the dollar this year, boosted by surging bullion output and improved foreign currency reserves.
The currency strengthened 0.2% today to trade at 26.89 against the dollar, according to data posted on the central bank’s website. That is only its 12th day of appreciation against the U.S. currency this year.
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Gold-selling frenzy in New York City's diamond district sparks cash shortages
Submitted by admin on Fri, 2025-07-04 11:45 Section: Daily DispatchesBy Lisa Fickenscher
New York Post
Wednesday, July 2, 2025
As gold prices hit all-time highs, owners of vintage baubles and family heirlooms are scrambling to trade them for dollars -- and the frenzy has sparked a cash shortage across New York City's Diamond District, the Post has learned.
Last week at Bullion Exchanges -- a storefront at 30 W. 47th St. in midtown Manhattan that displays assorted gold coins and jewelry behind thick plexiglass -- a handful of customers had been buzzed inside while others waited on the busy sidewalk.
Expropriated Venezuelan miners approach recovery through auction of Citgo
Submitted by admin on Thu, 2025-07-03 21:13 Section: Daily DispatchesGold Reserve's $7.38 Billion Bid Recommended as Winner of Citgo Auction
By Shubham Kalia and Marianna Parraga
Reuters
Thursday, July 3, 2025
Gold and its miners may enjoy a 'critical mineral' upgrade
Submitted by admin on Thu, 2025-07-03 07:01 Section: Daily DispatchesBy Clyde Russell
Reuters
Thursday, July 3, 2025
LAUNCESTON, Australia -- Is gold the next metal to be added to the list of "critical minerals"?
Gold is not a vital component of advanced manufacturing like other critical minerals such as rare earths, lithium, and copper.
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Texans now allowed to pay with gold and silver
Submitted by admin on Wed, 2025-07-02 21:08 Section: Daily DispatchesBy James Bickerton
Newsweek, New York
Wednesday, July 2, 2025
Texans are to be allowed to pay with with gold and silver for everyday transactions after Gov. Greg Abbott signed House Bill 1056 into law. The law, which was championed by Republican state Rep. Mark Dorazio, designates the precious metals as legal tender in the state.
Texans will be able to use their gold and silver holdings, stored in the state's bullion depository, for payments through electronic systems such as mobile apps or debit cards.
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Guess who is urging central banks to sell their gold reserves
Submitted by admin on Wed, 2025-07-02 14:37 Section: Daily DispatchesHe's no independent analyst.
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2:49p ET Wednesday, July 2, 2025
Dear Friend of GATA and Gold:
If there was a monthly award for celebrating the obvious, or one for deceitful propaganda, they well might go to Mark Sobel, U.S. chairman of the Official Monetary and Financial Institutions Forum, purportedly a research group that occasionally enables favored people to rub shoulders with central bankers. (People critical of central banking are carefully excluded from OMFIF functions.)
Florida ends all sales taxes on gold, silver, and platinum
Submitted by admin on Wed, 2025-07-02 10:10 Section: Daily DispatchesFrom the Sound Money Defense League, Eagle, Idaho
Wednesday, June 2, 2025
By signing sound money legislation this week, Florida Governor Ron DeSantis has ended Florida's discriminatory practice of assessing sales taxes on small purchases of gold, silver, or platinum bullion and coins.
Florida's House Bill 7031, a bill by the House Ways and Means committee, was considered by multiple House and Senate committees before passing overwhelmingly out of both chambers and reaching the governor's desk.
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BIS annual report again verifies GATA's calculations of the bank's gold swaps
Submitted by admin on Tue, 2025-07-01 14:02 Section: Daily DispatchesAs usual Lambourne is too modest to note that BIS annual reports REPEATEDLY have confirmed his calculations of the totals of the bank's secret gold swaps.
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By Robert Lambourne
July 1, 2025
Last weekend the Bank for International Settlements published its annual report for the year ending March 31, 2025:
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