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Daily Dispatches
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:
Ambrose Evans-Pritchard: Fed independence is already dead, and Trump will get his monetary bailout
Submitted by admin on Tue, 2025-07-01 11:06 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, July 1, 2025
Central banks have no God-given right to independence. Nothing in the US constitution authorises the US Federal Reserve to act as a shadow government, and nor should it have such powers under any theory of accountable democracy.
Mali completes takeover of gold mines abandoned by foreign companies
Submitted by admin on Mon, 2025-06-30 20:20 Section: Daily DispatchesBy Maxwell Akalaare Adombila
Reuters
Monday, June 30, 2025
BAMAKO, Mali -- Mali has completed its takeover of the Yatela and Morila gold mines abandoned by their previous owners, the government announced at the weekend, but questions remain over how any untapped value can be released.
Connecticut ends state taxes on purchases of gold and silver
Submitted by admin on Mon, 2025-06-30 18:48 Section: Daily DispatchesFrom the Sound Money Defense League, Eagle, Idaho
Monday, June 30, 2025
Today Connecticut Gov. Ned Lamont, a Democrat, signed into law House Bill 7287, which includes a provision removing the last remaining state tax on purchases of gold, silver, platinum, and palladium bullion.
The Connecticut General Assembly originally considered a standalone sound money bill, carried by lead sponsor state Sen. John Fonfara, D-Hartford. The bill received a successful hearing before eventually being amended and absorbed into the state's budget bill.
Coal has been Australia's top commodity export but gold is gaining
Submitted by admin on Mon, 2025-06-30 10:06 Section: Daily DispatchesBy Clyde Russell
Reuters
Monday, June 30, 2025
LAUNCESTON, Australia -- For decades, coal was the bedrock of Australia's commodity exports before it lost its top status to iron ore as shipments of the steel raw material to China soared.
Now coal is at risk of being surpassed by gold.
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China's Zijin Mining buys Kazakhstan gold mine for $1.2 billion
Submitted by admin on Mon, 2025-06-30 09:51 Section: Daily DispatchesBy Rajasik Mukherjee
Reuters
June 29, 2025
China's biggest gold and copper producer Zijin Mining said today it had agreed to buy one of the largest gold mines of Kazakhstan, the Raygorodok Gold Mine, for $1.2 billion.
Zijin said its unit Zijin Gold International and Jinha Mining, a subsidiary of Zijin Gold, had inked a deal to acquire the rights of RG Gold LLP and RG Processing LLP, the Kazakhstan-based gold mining firms that currently own and operate the Raygorodok gold mine. ...
... For the remainder of the report:
After many years of hindering acquisition of gold, India's central bank boasts of its own
Submitted by admin on Mon, 2025-06-30 09:41 Section: Daily DispatchesRBI's Secret Gold Vault Unveiled in Documentary
By Rajat Mishra
Republic, Noida, India
Sunday, June 29, 2025
In a first-of-its-kind move, the Reserve Bank of India has opened its hidden gold vault to public view, offering a rare glimpse into the heart of the nation's financial strength. This secretive treasure trove has been featured in the new documentary series "RBI Unlocked: Beyond the Rupee," streaming on Jio Hotstar.
Anthony Rowley: Central banks rush to gold as fears of U.S. dollar crisis mount
Submitted by admin on Sun, 2025-06-29 12:00 Section: Daily DispatchesBy Anthony Rowley
South China Morning Post, Hong Kong
Saturday, June 28, 2025
Why are central banks, including those of China and India, adding gold bullion to their reserves at an almost alarming rate, to the point where gold is now second only to the U.S. dollar as an official reserve asset?
It is not for the same reason that others are snatching up the yellow metal, which is to act as a hedge against inflation or stagflation.
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