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Daily Dispatches
Washington State to impose sales taxes on gold and silver
Submitted by admin on Sun, 2025-07-13 10:10 Section: Daily DispatchesBy Jason Sutich
KIRO-FM97.3, Seattle
Sunday, July 13, 2025
Beginning January 1, Washington residents could be required to pay a sales tax on gold, silver, and coins due to a new bill that recently passed the Washington State Legislature.
Ryan Hoolahan, the chief financial officer of Bellevue Rare Coins, explained the impact the new SB-5794 will have on the company's business and customers amid the commodity's positive performance in recent years, on "The John Curley Show" on KIRO Newsradio.
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Matthew Piepenburg: Is gold revaluation Trump's red-button option?
Submitted by admin on Sun, 2025-07-13 08:32 Section: Daily Dispatches8:30a ET Sunday, July 17, 2025
Dear Friend of GATA and Gold:
Matthew Piepenburg of Von Greyerz Gold / Gold Switzerland today makes the case for a U.S.-led upward revaluation of gold to devalue the country's seemingly uncontrollable and dollar-destroying debt.
Piepenburg concludes: "An emergency gold revaluation of $20,000, by way of just one example (perhaps lower, perhaps higher), would create instant trillions in liquidity to address Uncle Sam's otherwise mathematically unsustainable bar tab.
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Gold revaluation shouldn't surprise, since it's an old story
Submitted by admin on Sat, 2025-07-12 09:46 Section: Daily Dispatches9:54a ET Saturday, July 12, 2025
Dear Friend of GATA and Gold:
Lately there has been a big increase in speculation about an official revaluation of gold.
At YouTube this week Rebel Capitalist's George Gammon seemed surprised by the possibility as he called attention to financial letter writer Luke Gromen's recent report that the May edition of the Federal Reserve's Financial Accounting Manual for Federal Reserve Banks describes a mechanism by which the U.S. Treasury Department and the Fed can revalue the U.S. gold reserve:
LFTV: Silver escapes Comex control as central banks plan gold revaluation
Submitted by admin on Fri, 2025-07-11 21:22 Section: Daily Dispatches9:22p ET Friday, July 11, 2025
Dear Friend of GATA and Gold (and Silver):
Tonight's edition of Kinesis Money's "Live from the Vault" has London metals trader Andrew Maguire saying silver has escaped Comex derivative control, the Federal Reserve is the only central bank still borrowing gold from the Bank for International Settlements, other central banks are preparing for a big upward revaluation of gold, and it will begin with a revaluation by the U.S. government that is immediately followed by other central banks, with a likely price of $8,000 per ounce.
Alasdair Macleod: Silver is leading the way
Submitted by admin on Fri, 2025-07-11 17:18 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, July 11, 2025
For the first time in recent trading sessions, overnight demand from Asia drove gold and silver higher this morning. It should be a wake-up call for western bullion markets.
Gold was almost unchanged over the week, but silver gained in subdued post-July 4 holiday trade. This morning in Europe, gold was $3335, down $2 on balance from last Friday's close. Silver at a new high for the year at $37.45 was up 70 cents on the same timescale.
Quentin Mai: The strategic imperative of domestic gold supply
Submitted by admin on Fri, 2025-07-11 09:18 Section: Daily DispatchesBy Quentin Mai
D.C. Journal, Washington
Tuesday, July 8, 2025
In today's unpredictable global environment, marked by persistent inflation, volatile interest rates and shifting trade dynamics, it's easy to focus on geopolitics as the main driver behind gold's enduring appeal.
However, deeper economic fundamentals are the real engine of its long-term strength. Structural deficits, sustained dollar weakness, mounting government budget deficits, and evolving global monetary policy are reshaping reserve strategies.
Ghana launches task force to curb gold smuggling losses
Submitted by admin on Wed, 2025-07-09 18:51 Section: Daily DispatchesBy Emmanuel Bruce
Reuters
Wednesday, July 9, 2025
ACCRA -- Ghana President John Dramani Mahama on Tuesday launched a task force backed by security forces to address illegal gold trading, as Africa's top producer seeks to recover billions of dollars lost to smuggling.
The task force is Ghana's first national anti-gold smuggling initiative. The government has previously launched efforts to sanitize artisanal mining, but these were unsuccessful in curbing illegal extraction and preventing revenue losses that plague most African gold producers.
Mali plans to sell gold reserves at Barrick complex to fund restart operations
Submitted by admin on Tue, 2025-07-08 10:00 Section: Daily DispatchesBy Divya Rajagopal, Portia Crowe, and Tiemoko Diallo
Reuters
Tuesday, July 8, 2025
The Malian court-appointed administrator of Barrick Mining's Loulo-Gounkoto complex plans to sell one metric ton of gold from the site's storeroom as operations commence again after an almost six-month suspension, two sources told Reuters.
Canadian miner Barrick Gold temporarily halted mining operations in January after the Malian government seized gold stocks from the Loulo-Gounkoto complex.
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Today's edition of Ed Steer's Gold and Silver Digest posted in the clear at SilverSeek
Submitted by admin on Tue, 2025-07-08 09:30 Section: Daily Dispatches9:28a ET Tuesday, July 8, 2025
Dear Friend of GATA and Gold:
Today's edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "World's Bullion Banks Net Short 50% of Total Silver Open Interest" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/worlds-bullion-banks-net-short-50-total-silver-open-interest
Michael S. Milano: Privacy and fungibility are the forgotten virtues of sound money
Submitted by admin on Mon, 2025-07-07 22:00 Section: Daily DispatchesBy Michael S. Milano
The Mises Institute
Auburn, Alabama
Saturday, July 5, 2025
https://mises.org/mises-wire/privacy-and-fungibility-forgotten-virtues-sound-money
Long before the Blockchain Era, a landmark Scottish lawsuit posed a question that still echoes today: Can money carry memory -- or must it forget?