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Daily Dispatches
Gold Reserve, Vitol battle for Citgo's parent before sale hearing
Submitted by admin on Tue, 2025-08-12 16:22 Section: Daily DispatchesBy Marianna Parraga
Reuters
Monday, August 11, 2025
HOUSTON -- Subsidiaries of miner Gold Reserve and commodities trader Vitol are nearing the finish line in a fiercely contested U.S. court-organized auction that will determine control of Venezuela-owned U.S. refiner Citgo Petroleum, according to two sources with knowledge of the process and court filings.
Ultra-wealthy are piling into a centuries-old gold trade in Asia
Submitted by admin on Tue, 2025-08-12 11:43 Section: Daily DispatchesBy Diana Li and Sybilla Gross
Bloomberg News
via The Business Times, Singapore
Tuesday, August 12, 2025
HONG KONG -- In Asia's ultra-wealthy circles, some family offices are now bypassing the middlemen and jumping into the gold business itself. They are financing, shipping, and flipping bullion like traders.
Take Cavendish Investment, a multi-family office run by the former chairman of a Hong Kong jewelery company, which is allocating roughly a third of its portfolio this year to the physical gold trade, going a step beyond index trackers and vault holdings.
Global 'mining mafia' feeds China's appetite for gold, Washington Post investigation shows
Submitted by admin on Tue, 2025-08-12 11:35 Section: Daily DispatchesBy Rebecca Tan
The Washington Post
Tuesday, August 12, 2025
LANTUNG VILLAGE, Indonesia -- Hilltop after hilltop in this remote part of Indonesia is being scalped of vegetation. On the horizon, excavators lumber forward, gouging out rocks veined yellow. Nearby, milky chemicals collect in Olympic pool-sized trenches.
This is the work of Chinese mining syndicates flush with capital and connections, Indonesian investigators say. And virtually none of it is legal.
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BIS gold swaps held steady at 34 tonnes in July, GATA's Robert Lambourne reports
Submitted by admin on Mon, 2025-08-11 20:50 Section: Daily Dispatches8:55p ET Monday, August 12, 2025
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements, the central bank of the central banks and often their broker in the gold market, fell slightly in July, by about 14,000 ounces, but, rounded off, remained at June's 34-tonne mark, according to GATA consultant Robert Lambourne.
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Trump says tariffs won't be imposed on gold after all
Submitted by admin on Mon, 2025-08-11 15:36 Section: Daily DispatchesFrom Reuters
Monday, August 11, 2025
President Donald Trump said today he would not impose tariffs on gold, a move welcomed by global bullion markets that ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat.
"Gold will not be tariffed!" Trump said in a statement posted on his social media account. He gave no details.
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Ed Steer's weekend letter is posted at SilverSeek
Submitted by admin on Mon, 2025-08-11 13:52 Section: Daily Dispatches1:50p ET Monday, August 11, 2025
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "A Commitment of Traders Surprise in Silver" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/cot-surprise-silver
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Stuart Englert: The verdict is in -- gold is money
Submitted by admin on Sun, 2025-08-10 10:36 Section: Daily DispatchesBy Stuart Englert
StuartEnglert.Substack.com
Saturday, August 9, 2025
If gold were judged in an impartial court of law, the jury would find the majestic metal a superior form of money.
Fiat currency advocates would lose the legal battle and debate, and the sound-money defense would rest and win the case with overwhelming documentary proof and supportive testimony.
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Record-high gold prices push jewelers to offer gilded veneer to prevent sticker shock
Submitted by admin on Sat, 2025-08-09 12:40 Section: Daily DispatchesBy Lisa Fickenscher
New York Post
Friday, August 8, 2025
Jewelers have increasingly been pushing items that aren't entirely made of gold to prevent sticker shock as the precious metal hovers near record highs, the Post has learned.
Gold prices reached an all-time record $3,500 per troy ounce in April and then see-sawed between $3,000 and $3,200 in response to the uncertainty over tariffs.
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Gold keeps winning as physical demand beats U.S. intervention, Maguire tells LFTV
Submitted by admin on Sat, 2025-08-09 11:26 Section: Daily Dispatches11:25a ET Saturday, August 9, 2025
Dear Friend of GATA and Gold:
Some gold investors may be demoralized, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program, but charts show that the monetary metal's price continues to rise in "stairstep" fashion as physical demand, particularly from BRICS countries, overwhelms the efforts of the U.S. Federal Reserve to keep the price down.
He adds that the Trump administration is pushing the world toward a revaluation of gold.
Gold and bitcoin compete to be safe havens, but here's why gold is winning so far this year
Submitted by admin on Sat, 2025-08-09 11:00 Section: Daily DispatchesBy Frances Yue
MarketWatch, New York
Friday, August 8, 2025
Gold futures scored another record high Friday -- with the precious metal extending its lead over bitcoin this year and, despite some volatility, reinforcing its status as the go-to safe haven in uncertain times.
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