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Daily Dispatches
Russia's embrace of gold eases loss of reserves frozen by war
Submitted by admin on Mon, 2025-04-07 10:11 Section: Daily DispatchesFrom Bloomberg News
Monday, April 7, 2025
The value of Russia's gold reserves has surged by 72%, or $96 billion, since the beginning of 2022, according to central bank data. The physical amount of gold in the Bank of Russia's coffers hasn’t changed significantly over the last three years, remaining at around 75 million ounces, data shows.
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Next up for markets: A crisis of confidence in the dollar
Submitted by admin on Sat, 2025-04-05 19:17 Section: Daily DispatchesBy Dhara Ranasinghe, Alun John, and Gertrude Chavez-Dreyfuss
Reuters
Friday, April 4, 2025
LONDON -- In times of market panic investors tend to rush to the safety of the dollar, but when stocks swooned in response to U.S. tariffs this week, they ran away from it. Investors say it's a sign that the greenback's global standing may be eroding.
Alasdair Macleod: Navigating 'crashenomics'
Submitted by admin on Sat, 2025-04-05 15:01 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, April 4, 2025
President Trump's tariffs are imploding the global credit bubble, destroying everyones wealth. But the wise will see this as an opportunity to stack the ultimate refuge cheaply -- gold and silver.
Germany considers withdrawing gold stockpile from U.S. in riposte to Trump
Submitted by admin on Fri, 2025-04-04 18:28 Section: Daily DispatchesBy James Rothwell
The Telegraph, London
Friday, April 4, 2025
Germany is considering removing an enormous stockpile of gold from a vault in New York over worries about Donald Trump’s unpredictable policies.
For decades, Berlin has stashed 1,200 tons of its famous gold reserves, the second largest on the planet after those of the United States, in a vault deep underground at the U.S. Federal Reserve in Manhattan.
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Kentucky governor was sued over gold and silver taxes on day anti-tax law was passed
Submitted by admin on Fri, 2025-04-04 08:42 Section: Daily DispatchesBy Luca Aulback
Louisville Courier Journal
Friday, April 4, 2025
It didn't take long for a lawsuit to hit the courts after legislators passed a law giving Kentucky residents the power to sue the governor over taxes collected recently on gold and silver sales.
Gold recovers most of its losses while world markets sink
Submitted by admin on Thu, 2025-04-03 18:40 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch, New York
Thursday, April 3, 2025
Gold fell victim to a selloff in global markets today after President Donald Trump announced wide-ranging tariffs on foreign imports -- but it's still a clear-cut winner to hedge uncertainty, as bargain hunters helped prices for the precious metal recover much of their losses by the day's settlement.
Tariff exemptions end rush to get gold and silver into U.S.
Submitted by admin on Thu, 2025-04-03 09:28 Section: Daily DispatchesBy Jack Farchy
Bloomberg News
Thursday, April 3, 2025
A massive arbitrage trade that has drawn tens of billions of dollars' worth of gold and silver to the United States came to an abrupt halt with Wednesday's announcement that precious metals would be exempt from Donald Trump’s sweeping tariffs.
Jan Nieuwenhuijs: China's gold reserves going through the roof
Submitted by admin on Wed, 2025-04-02 17:35 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Wednesday, April 3, 2025
The People’s Bank of China continues to buy unprecedented amounts of gold as the global financial is deleveraging -- that is, investors exchange credit assets for gold.
In 2024 the Chinese central bank covertly bought 570 tonnes, encouraging gold's ascent in global international reserves by 4%, the largest gain in four decades.
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Joshua D. Glawson: Coinage Act of 1792 knew better than we do today
Submitted by admin on Wed, 2025-04-02 09:35 Section: Daily DispatchesBy Joshua D. Glawson
Money Metals Exchange, Eagle, Idaho
Tuesday, April 1, 2025
Long before fiat currency, digital dollars, or cryptocurrency, America's Founders sought to anchor the young nation's economy in gold and silver -- that is, sound money.
In fact, on April 2, 1792 -- 233 years ago -- President George Washington signed legislation that established America's monetary system.
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Adam Sharp: Desperate in Deutschland to secure the country's gold
Submitted by admin on Wed, 2025-04-02 09:18 Section: Daily DispatchesBy Adam Sharp
The Daily Reckoning, Baltimore
Tuesday, April 1, 2025
Germany has the second-largest gold reserves in the world (on paper, at least). The country's official holdings clock in at 3,352 tons, behind only the United States' 8,133 tons.
About 37% of Germany's gold, 1,236 tons, is held at the New York Federal Reserve. The gold was moved to the U.S. for safekeeping in the aftermath of World War 2, when the threat of Soviet tanks charging through the Fulda Gap loomed large.
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