After 15 years, John Paulson is finally winning big on gold
Submitted by admin on Sun, 2025-04-27 13:34 Section: Daily DispatchesBy Caitlin McCabe and Joe Wallace
The Wall Street Journal
via MSN, Redmond, Washington
Sunday, April 27, 2025
John Paulson made a vast fortune betting against the U.S. housing market in what was dubbed "the greatest trade ever." And his next act -- a years-long wager on gold -- is finally turning out to be a another great trade.
More than a decade and a half after Paulson went big on gold, the billionaire investor has emerged as one of the winners from the record-setting surge in the price of the precious metal.
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Swiss franc's surge sparks bets for return to negative interest rates
Submitted by admin on Sun, 2025-04-27 10:30 Section: Daily DispatchesBy Emily Herbert, Ian Smith, and Mercedes Ruehl
Financial Times, London
Sunday, April 27, 2025
The Swiss franc has soared to a decade high against the dollar as investors rush for shelter from the global trade turmoil, sparking bets that the country's central bank will have to lower interest rates to zero or below to curb the currency's rise.
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Zimbabwe restarts minting gold coins as metal's price soars
Submitted by admin on Sun, 2025-04-27 10:15 Section: Daily DispatchesBy Ray Ndlovu
Bloomberg News
Sunday, April 27, 2025
Zimbabwe's central bank is again issuing gold coins it scrapped 10 months ago, a step it took to ramp up the bullion stockpile used to back up the local currency, the ZiG.
Minting of the "Mosi-Oa-Tunya" 22-carat coins, named after the iconic Victoria Falls, was scrapped in July, central bank Governor John Mushayavanhu told Bloomberg in an interview at the time.
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Help GATA and get a commemorative silver round
Submitted by admin on Sun, 2025-04-27 10:12 Section: Daily Dispatches10:11a ET Sunday, April 27, 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.
Adam Sharp: The art of currency war
Submitted by admin on Sat, 2025-04-26 11:04 Section: Daily DispatchesBy Adam Sharp
The Daily Reckoning, Baltimore
Friday, April 25, 2025
The U.S. dollar remains the king of currencies. For now, at least.
The greenback's share of global foreign exchange reserves sits around 58%. However, back in 2000 the dollar was even more dominant with a 72% market share.
Meanwhile China's yuan only makes up about 2.2% of global forex reserves, but that's up from 1.1% in 2016. The currency's share of global payments is higher at around 4.7%.
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Former Fed governor Warsh blasts U.S. central bank for leaving its lane
Submitted by admin on Sat, 2025-04-26 10:36 Section: Daily DispatchesBy Francesco Canepa
Reuters
via Yahoo News, Sunnyvale, California
Friday, April 25, 2025
WASHINGTON -- Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place, today unleashed a barrage of criticism of the Fed and argued for fundamental changes to how it operates.
