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Daily Dispatches
Play silver's breakout by donating to GATA
Submitted by admin on Thu, 2025-08-07 10:09 Section: Daily Dispatches10:08a ET Thursday, August 7, 2025
Dear Friend of GATA and Gold:
Like gold, silver now seems to be breaking out of its longstanding derivatives clutches engineered by the U.S. government and its investment bank agents. But this largely surreptitious manipulation of the monetary metals markets hasn't been overthrown yet.
In land of 25% inflation, crypto is starting to be used as money
Submitted by admin on Thu, 2025-08-07 10:00 Section: Daily DispatchesBy Maria Clara Cobo and Sergio Mendoza
Bloomberg News
Thursday, August 7, 2025
In Bolivia these days, just about anything seems better than holding the local currency. The buying power of the boliviano has cratered, as trust in the once-dominant socialist government nears all-time lows, inflation hits three-decade highs and dollars are in short supply.
That's why more and more people are turning to a risky alternative to do business and protect their hard-earned savings: cryptocurrencies.
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New Fed study examines recent gold revaluations -- elsewhere
Submitted by admin on Wed, 2025-08-06 17:02 Section: Daily Dispatches5:04p ET Wednesday, August 6, 2025
Dear Friend of GATA and Gold:
Last week the Federal Reserve seemed to take note of the increasing speculation about the possibility of revaluing gold reserves to improve the financial position of governments and central banks and enable more money creation and debt reduction.
The notice took the form of a research study written by Fed economist Colin R. Weiss about gold revaluations undertaken by five countries in the last 28 years: Curacao/Saint Martin, Germany, Italy, Lebanon, and South Africa.
Record amount of gold floods into Shanghai warehouses on arbitrage play
Submitted by admin on Wed, 2025-08-06 12:59 Section: Daily DispatchesBy Yihui Xie
Bloomberg News
Tuesday, August 5, 2025
Bullion held in warehouses linked to the Shanghai Futures Exchange has jumped to an all-time high, another sign of resilient demand for gold investments in China.
More than 36 tons of gold bars have been registered for delivery against futures contracts, a quantity that has almost doubled over the past month. The build-up in stockpiles reflects a surge in arbitrage activity triggered by heavy demand for futures, which are trading at a large premium to the physical metal.
Iran proposes slashing zeros from currency after decades of decline
Submitted by admin on Tue, 2025-08-05 10:38 Section: Daily DispatchesMeanwhile in the United States, nickels become pennies.
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By Bita Ghaffari and Joseph Cotterill
Financial Times, London
Monday, August 4, 2025
Iran has proposed cutting four zeros from the rial after decades of inflation and economic pain eroded the value of the currency.
The parliament's economic committee approved the general outlines of a government bill to re-denominate the rial on Sunday.
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Gold and Trump's chaos were key to the TSX's stellar performance this year
Submitted by admin on Mon, 2025-08-04 21:12 Section: Daily DispatchesBy Tim Kiladze
The Globe and Mail, Toronto
Monday, August 4, 2025
Canada's benchmark stock index is outperforming both the S&P 500 and the tech-heavy Nasdaq Composite Index in 2025, and there is a single sector doing the heavy lifting: gold.
Despite the continuing tariff drama with the United States that disproportionately hurts Canada's economy relative to the U.S., the S&P/TSX Composite Index is up 11.1% since the start of the year, including dividends, while the S&P 500 has climbed 6.9% and the Nasdaq has risen 7.3%.
Swiss gold trading takes spotlight in trade talks with Trump
Submitted by admin on Mon, 2025-08-04 09:11 Section: Daily DispatchesBy Jan-Henrik Foerster and Jack Ryan
Bloomberg News
Monday, August 4, 2025
The trade imbalances that prompted President Donald Trump to slap hefty levies on Swiss imports have been driven by a small industry at the center of the world’s gold market.
The country is the world's biggest gold-refining hub, thanks to a longstanding reputation for quality and discretion. Billions of dollars worth of gold is constantly flowing into and out of the nation, from mines in South America and Africa to banks in London and New York.
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UK investors buy gold coins in record numbers to avoid capital gains tax
Submitted by admin on Fri, 2025-08-01 12:51 Section: Daily DispatchesBy Emma Agyemang and Emma Dunkley
Financial Times, London
Friday, August 1, 2025
UK investors have been buying gold coins in record numbers this year to mitigate against rises in capital gains tax and to cash in on the surging price of the precious metal.
Online bullion transactions hit record levels in the first quarter of the 2025-26 financial year, the Royal Mint said last week. Bullion coin sales were up 115% compared with the same period last year.
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YPF plaintiffs embark on 'treasure hunt' for Argentine central bank's gold
Submitted by admin on Wed, 2025-07-30 20:33 Section: Daily DispatchesBy Bob Van Voris
Bloomberg News
Wednesday, July 30, 2025
A lawyer representing former YPF SA shareholders told a judge in New York that they're on a "treasure hunt" for gold bars Argentina's central bank secretly sent abroad last year.
Play silver's breakout by donating to GATA
Submitted by admin on Wed, 2025-07-30 20:30 Section: Daily Dispatches8:28p ET Wednesday, July 30, 2025
Dear Friend of GATA and Gold:
Like gold, silver now seems to be breaking out of its longstanding derivatives clutches engineered by the U.S. government and its investment bank agents. But this largely surreptitious manipulation of the monetary metals markets hasn't been overthrown yet.
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