Daily Dispatches

By Rob Bates
Jewelers Circular Keystone, New York
Wednesday, August 7, 2024

The United Arab Emirates Ministry of Economy has suspended 32 local gold refineries for three months for not following anti–money laundering laws, it said in a statement issued Tuesday.

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First Majestic Mines Silver and Gold 
in Mexico and Operates Bullion Store

3:08p ET Thursday, August 1, 2024

Dear Friend of GATA and Gold:

GATA consultant Robert Lambourne today provides below his monthly report on the gold swaps maintained by the central bank of the central banks, the Bank for International Settlements, and superficially the report may seem ordinary, disclosing a small increase in BIS gold swaps from May to June, 7 tonnes, from 109 to 116.

Lambourne is too modest to highlight the most important development with the BIS' accounts. That is, the bank's annual report, dated March 31 --

The Mystery of Argentina's Gold: Milei Admits That It Was Transferred Abroad, Without Specifying the Quantities or Destination

By Havier Lorca
El Pais, Madrid
Sunday, July 28, 2024

Argentina's reserves, held by its central bank, include almost 2 million troy ounces of gold, valued at about $4.5 billion. But lately there's a question that's on everybody's lips: Where is it? 

Was it taken out of the country? Did some of it remain within Argentina, while the rest was transferred abroad? 

Well, the official information only offers partial answers.

2:17p ET Monday, July 29, 2024

Dear Friend of GATA and Gold:

People who still believe official central bank data about gold reserves may do well to read today's analysis from gold researcher Jan Nieuwenhuijs, who examines customs export data from the United Kingdom, where the major physical gold market is located, and discovers that plenty of gold was shipped to China in May even as the People's Bank of China was saying it had paused its gold purchases.

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