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Daily Dispatches
Hong Kong and Singapore square off in race to become world's gold trading hub
Submitted by admin on Sun, 2026-03-08 22:47 Section: Daily DispatchesBy Kevin Li
South China Morning Post, Hong Kong
Sunday, March 8, 2026
Hong Kong and Singapore have crossed swords over their ambitions to be the world's gold trading hub, but experts say Hong Kong holds an advantage over its Southeast Asian rival, citing its access to mainland China's robust market.
As Hong Kong pushes ahead with measures to create an ecosystem for gold trading -- highlighted as recently in the government's budget late last month -- Singapore has reportedly been courting global heavyweights.
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The battle for the monetary metals isn't won yet, and GATA needs your help
Submitted by admin on Sun, 2026-03-08 12:06 Section: Daily Dispatches12:09p ET Sunday, March 8, 2026
Dear Friend of GATA and Gold (and Silver):
Given the sharp rise in gold and silver prices over the last year, most people following the monetary metals may think that the battle against the forces that manipulate the monetary metals markets has been won already.
People who look closer will see that while those forces are having less success, they are still very much in the fight.
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Alasdair Macleod: Gold shortages in China
Submitted by admin on Sun, 2026-03-08 11:42 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, March 6, 2026
Last weekend the U.S. and Israel attacked Iran and the week's news was dominated by another Middle East war. Markets' gut reaction was to mark down investment assets and mark up dollars.
Consequently, in the confusion gold and silver declined on the week as the dollar rallied. In European trade this morning gold was $5,090, down $230 from last Friday's close, and silver at $82.70 was down $11 over the same timescale. Turnover on Comex in both contracts remained very low.
Chris Guzelian: The rediscovery of the constitutional money laws of the U.S.
Submitted by admin on Sun, 2026-03-08 11:28 Section: Daily DispatchesStablecoins, Silver's Surging Price, and Trimetallism
By Christopher Guzelian
Associate Professor of Finance and Economics
Texas State University, San Marcos, Texas
Sunday, March 8, 2026
Three months ago the market price of silver was about $48 per ounce. In early 2025 the price had been even lower -- about $30 per ounce. Yet a month before this article was written, the silver price reached a staggering, unprecedented $118 per ounce, before settling around $85 (after one of the largest one-day drops in price).
There's gold in them thar ducks ... in China
Submitted by admin on Sat, 2026-03-07 20:58 Section: Daily DispatchesMan in China Discovers Gold Particles in Duck's Stomach Weighing 10 grams and Worth US$1,800
By Zoey Zhang
South China Morning Post, Hong Kong
Friday, March 6, 2026
A man from central China discovered gold while slaughtering a duck, an unusual find that echoes ancient gold rush practices.
In February a villager surnamed Liu from Longhui County, Hunan Province, discovered the gold particles in a duck's stomach.
Archaeologists reveal find of major hoard of Imperial Russian gold
Submitted by admin on Sat, 2026-03-07 20:49 Section: Daily DispatchesBy Mark MIlligan
Heritage Daily, St Albans, Herts, England
Friday, March 6, 2026
Archaeologists from the Institute of Archaeology of the Russian Academy of Sciences have revealed a remarkable hoard of gold coins uncovered in 2025 in the historic town of Torzhok in Russia's Tver Region.
Florida's legislature passes bill making gold and silver legal tender in the state
Submitted by admin on Sat, 2026-03-07 11:30 Section: Daily DispatchesFrom News Service of Florida
via WTVJ-TV6, Miami
Friday, March 6, 2026
A bill that enacts prior approval to make gold and silver coins legal tender in Florida is headed to Gov. Ron DeSantis.
U.S. gold rush in Venezuela confronts a mining minister under U.S. indictment
Submitted by admin on Sat, 2026-03-07 11:19 Section: Daily DispatchesVenezuela's New Gold Rush Moves at 'Trump Speed' but Ignores a $25 Million Question
By Lilia Luciano
CBS News, New York
Friday, March 6, 2026
On the day that marks 13 years since the death of Venezuelan socialist strongman Hugo Chávez and two months after the Jan. 3 U.S. operation that captured Nicolás Maduro, the scene in Caracas looks strikingly different from the anti-U.S.-imperialism rhetoric that founded Chavismo and was echoed by his successor.
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China's central bank reports extending gold buying streak
Submitted by admin on Sat, 2026-03-07 11:07 Section: Daily DispatchesBy Yihui Xie
Bloomberg News
Friday, March 6, 2026
China's central bank bought more gold in February, extending its streak of purchasing to 16 months, as bullion climbs amid escalating Middle East tensions.
Gold held by the People's Bank of China rose by 30,000 troy ounces last month to 74.22 million fine troy ounces, according to data released Saturday. The purchase extends the latest round of accumulation that began in November 2024.
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Gold swapped by BIS fell slightly in February to 104 tonnes from 106 in January
Submitted by admin on Sat, 2026-03-07 08:23 Section: Daily Dispatches8:21a ET Saturday, March 7, 2026
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements on behalf of its member central banks fell slightly in February to 104 tonnes from 106 tonnes in January, GATA's consultant on the BIS, Robert Lambourne, reported Friday.
Lambourne estimates the swaps from the bank's monthly statements of account, and the February statement was published last week:
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