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Daily Dispatches
Ohio legislators propose state currency backed by silver and gold
Submitted by admin on Wed, 2025-10-29 19:16 Section: Daily DispatchesBy Katie Millard
WCMH-TV4, Columbus, Ohio
Wednesday, October 29, 2025
Ohioans could soon buy their groceries or morning coffee with silver and gold instead of the American dollar.
House Bill 206, introduced by Reps. Jennifer Gross, R-West Chester, and Riordan McClain, R-Ashland, would establish a state currency based on gold and silver. The bill directs the state treasurer to set up a transactional currency rooted in silver and gold to address concerns with the value of the U.S. dollar.
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India's central bank hastens repatriation of gold held abroad
Submitted by admin on Wed, 2025-10-29 10:56 Section: Daily DispatchesFrom Bloomberg News
via The Hindu, Chennai, India
Wednesday, October 29, 2025
The Reserve Bank of India brought back nearly 64 tons of gold in the first six months of the financial year that began in April, it said in a half-yearly report on foreign exchange reserves Tuesday.
In value terms, gold accounted for 13.92% of total reserves at the end of September, up from 11.70% at the end of March. The RBI generally keeps part of its gold overseas, held at the Bank of England and the Bank for International Settlements.
Russians are hoarding gold equal to Spain's reserves, study shows
Submitted by admin on Wed, 2025-10-29 09:38 Section: Daily DispatchesBy Andrey Biryukov
Bloomberg News
Wednesday, October 19, 2025
Russian consumers' gold purchases are set to equal the state reserves of Spain or Austria after the metal has become one of the nation's most popular savings options during the past four years, according to a study.
Craig Hemke at Sprott Money: More hints of what's coming for gold
Submitted by admin on Tue, 2025-10-28 18:41 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, October 28, 2025
In an interview last week, the U.S. secretary of treasury made an odd statement that was simultaneously ignored and discarded. We caught it, though, and you should again be made aware of what it foreshadows.
And what was that odd statement from Secretary Bessent?
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Inquiring minds want to know, but mainstream financial journalists don't
Submitted by admin on Tue, 2025-10-28 12:52 Section: Daily Dispatches12:55p ET Tuesday, October 28, 2025
Dear Friend of GATA and Gold:
Today's Bloomberg News story about the South Korean central bank's consideration of adding to its gold reserves --
-- missed a major irony.
Alasdair Macleod: The rocky road to ruin of fiat currencies
Submitted by admin on Tue, 2025-10-28 10:49 Section: Daily DispatchesBy Alasdair Macleod
MacleodFinance.com
Tuesday, October 28, 2025
We can be sure that some subscribers to MacleodFinance will have taken leveraged bets on gold and silver continuing to rise, despite our insistence that they should only be stacked and not traded. This brief article serves as a reminder in current markets why this is so, and to be content to just stack gold and silver.
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Bank of Korea may buy gold in medium-term after long delay
Submitted by admin on Tue, 2025-10-28 09:36 Section: Daily DispatchesBy Jack Frachy and Yihui Xie
Bloomberg News
via The Edge, Singapore
Tuesday, October 28, 2025
South Korea's central bank is weighing plans to add to its gold reserves for the first time in more than a decade, potentially joining a wave of purchases by monetary authorities around the world that helped push bullion prices to record highs.
Brien Lundin: Gold and silver go on sale
Submitted by admin on Mon, 2025-10-27 14:40 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, October 27, 2025
Gold and silver, as well as mining stocks, continued their retreat this week as speculators use the headlines as an excuse to cash in on their bets.
The catalyst for this latest selloff seems to be word of a coming U.S.-China trade deal, but really any headline would serve as an excuse for Western speculators to take profits after the extraordinary gains of the last two months.
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Overseas renminbi lending surges as China steps up campaign to de-dollarize
Submitted by admin on Sun, 2025-10-26 11:06 Section: Daily DispatchesBy William Sandlund and Haohsiang Ko
Financial Times, London
Thursday, October 23, 2025
China's overseas lending in renminbi is soaring as Beijing steps up its efforts to expand the currency's role in international finance and reduce the country's exposure to the U.S. dollar.
External renminbi loans, deposits, and bond investments by Chinese banks quadrupled to more than Rmb3.4 trillion ($480 billion) over the past five years, as policymakers more aggressively pursue their long-term goal of reducing the centrality of the dollar in global financial flows.
Jim Rickards: Fringe theories for a faulty financial system
Submitted by admin on Sat, 2025-10-25 11:12 Section: Daily DispatchesBy Jim Rickards
Daily Reckoning, Baltimore
Saturday, October 25, 2025
We're obviously living in tumultuous times. If investors sense they're on a financial roller-coaster, they're right.
Recently I scanned my market tickers and saw that everything was up. Stocks, bonds, gold, silver, the dollar, cryptos and commodities were all advancing. Of course, that didn't last. The next day cryptos crashed and stocks were down sharply. Even gold suffered its worst day in a decade on Tuesday, a day after notching new record highs.
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