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Daily Dispatches
Americans rush to sell their gold as price hovers near record
Submitted by admin on Sun, 2025-05-18 09:00 Section: Daily DispatchesFrom Fox Business, New York
Saturday, May 17, 2025
We're in the middle of the Gold Rush 2.0. But this time folks aren’t making money finding gold -- they're making money selling it.
With gold near an all-time high, selling for over $3,200 an ounce, folks are raiding their jewelry boxes and heading to pawn shops, jewelers, and smelters to turn their little-worn necklaces, watches, bracelets, and earrings into cash.
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On LFTV, Maguire describes China's comprehensive move into gold
Submitted by admin on Fri, 2025-05-16 22:05 Section: Daily Dispatches10p ET Friday, May 16, 2025
Dear Friend of GATA and Gold:
On this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire describes China's comprehensive move into gold for trading, saving, and influencing the financial and currency markets.
Maguire also begins taking and answering questions directly from his viewers.
The program is 41 minutes long and can be viewed at YouTube here:
Purchase limits have tightened on Costco gold bars as popularity booms
Submitted by admin on Fri, 2025-05-16 19:58 Section: Daily DispatchesBy Mike Snider
USA Today, New York
Thursday, May 15, 2025
Gold has become such a hot commodity that Costco is apparently limiting how much its members can buy.
The warehouse retailer began selling 24-karat gold bars to its members in 2023, with a limit of two bars per person. Now that limit has changed to one per transaction and a maximum of two bars per 24 hours, when you look on the retailer website, as previously reported by Business Insider.
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U.S. government loses its last perfect credit rating
Submitted by admin on Fri, 2025-05-16 19:49 Section: Daily DispatchesBy Elisabeth Buchwald and Tami Luhby
CNN, New York
Friday, May 16, 2025
Moody's Ratings downgraded the United States' debt today, stripping the country of its last perfect credit rating.
The move could rattle financial markets and push up interest rates, potentially creating an additional financial burden for Americans already struggling with tariffs and inflation.
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Charlie Garcia: America just imported a mountain of gold, and that should scare you
Submitted by admin on Thu, 2025-05-15 22:00 Section: Daily DispatchesBy Charlie Garcia
MarketWatch, New York
Thursday, May 15, 2025
What do central banks know that the rest of us don't?
Something suspicious is happening with gold. Not the kind of suspicion when your neighbor suddenly buys a Ferrari. I mean the kind when a guy in dark glasses unloads mysterious crates at 2 a.m.
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Incrementum's 'In Gold We Trust' report for 2025 is published
Submitted by admin on Thu, 2025-05-15 10:08 Section: Daily Dispatches10a ET Thursday, May 15, 2025
Dear Friend of GATA and Gold:
Liechtenstein-based asset manager Incrementum AG today published its much-awaited annual "In Gold We Trust" report, extensively detailing why the bullish case for the monetary metal remains strong.
It's posted here:
https://ingoldwetrust.report/wp-content/uploads/2025/05/In-Gold-We-Trust-report-2025-english.pdf
Dollar drops as Korea talks fuel bets Trump wants weaker currency
Submitted by admin on Wed, 2025-05-14 09:18 Section: Daily DispatchesBy Daedo Kim and Jaehyun Eom
Bloomberg News
Wednesday, May 14, 2025
The dollar erased this week's gains on fresh speculation President Donald Trump favors a weaker greenback and will prod other governments to let their currencies rise in return for trade deals with the U.S.
The U.S. currency extended an earlier decline today after a Bloomberg News report that South Korea and U.S. officials discussed exchange rate policies at a May 5 meeting in Milan and will continue to do so.
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Money Metals Exchange announces International Sound Money Scholarship for 10th year
Submitted by admin on Wed, 2025-05-14 08:32 Section: Daily DispatchesFrom the Sound Money Defense League
via Money Metals News, Eagle, Idaho
Tuesday, May 13, 2025
For the tenth straight year, a leading U.S. precious-metals dealer has teamed up with the nation's preeminent sound-money policy groups to help students pay for the ever-increasing costs associated with continuing education.
Money Metals Exchange, the Sound Money Defense League, and the Sound Money Foundation are proud to present the 2025 Sound Money Scholarship -- the first gold-backed scholarship of the modern era.
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Jules Rimmer: What a steepening gold futures curve says about demand
Submitted by admin on Tue, 2025-05-13 12:54 Section: Daily DispatchesBy Jules Rimmer
MarketWatch, New York
Tuesday, May 13, 2025
During the relief rally staged by markets after the U.S.-China trade deal, the price of gold faltered and now stands 5% below its peak set in the first week of May. But steepening futures contracts and central bank purchases suggest that underlying demand is robust and this year's rally still has legs.
As illustrated by this chart from Correlation Economics --
Weekend commentary from Ed Steer's Gold and Silver Digest posted at SilverSeek
Submitted by admin on Tue, 2025-05-13 11:25 Section: Daily Dispatches11:25a ET Tuesday, May 13, 2025
Dear Friend of GATA and Gold:
GATA board member Ed Steer's weekend letter from Ed Steer's Gold and Silver Digest is headlined "Another Tiny Increase in Silver's Short Position" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/another-tiny-increase-silvers-short-position
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