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Daily Dispatches
Clint Siegner: Sound money would check government more than DOGE could
Submitted by admin on Mon, 2025-01-13 19:27 Section: Daily DispatchesBy Clint Siegner
Money Metals Exchange, Eagle, Idaho
Monday, January 13, 2025
Many Americans are rooting for Donald Trump and his appointees to succeed in their herculean task of slowing or reversing government growth.
Along with the ad hoc working group dubbed the "Department of Government Efficiency (DOGE)," there is much discussion about how runaway big government might be stopped. But there hasn't yet been talk about how to keep it that way.
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Mali starts seizing gold stocks at Barrick site, company memo says
Submitted by admin on Mon, 2025-01-13 09:20 Section: Daily DispatchesBy Fadimata Kontao and Portia Crowe
Reuters
Monday, January 13, 2025
Mali's government has begun enforcing a provisional order to seize gold stock at Barrick Gold's Loulo-Gounkoto site, the Canadian miner said in a note to Malian staff, warning again that it may have to suspend operations at the complex.
The move suggests that Mali's military-led authorities are not ready to back down in a standoff over a contract based on new mining rules as they push for a greater share of revenues from Western miners.
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Eastern demand continues to defeat Fed's effort to cap gold, silver on Comex, Maguire says
Submitted by admin on Sat, 2025-01-11 21:29 Section: Daily Dispatches9:30p ET Saturday, January 12, 2025
Dear Friend of GATA and Gold:
Eastern physical demand for gold and silver is continuing to overwhelm the Federal Reserve's effort to cap their prices with derivatives on the New York Commodities Exchange, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program. Maguire adds that the United States soon will need a higher price for gold and thus a higher valuation of its gold reserves to back the dollar.
The program is 59 minutes long and can be seen at YouTube here:
Labor's L22 billion 'black hole' could have been wiped out with gold Gordon Brown sold on the cheap
Submitted by admin on Sat, 2025-01-11 20:30 Section: Daily DispatchesBy Oliver Trapnell
GB News, London
Friday, January 10, 2025
Labor's mass sale of gold at the turn of the millennium could have covered the entirety of the L22 billion "black hole" in public finances had it been sold today instead, GB News can reveal.
From 1999 to 2002, the Labor Government, with Gordon Brown as chancellor of the Exchequer, sold off just shy of 400 tonnes of Britain's gold in a bid to diversify the UK's assets.
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Southern California found gold first, and we're still looking
Submitted by admin on Sat, 2025-01-11 16:32 Section: Daily DispatchesBy Patt Morrison
Los Angeles Times
Saturday, January 11, 2025
Now don't go all weak at the knees and soft in the head when you read this: Gold! In the Mojave Desert!
It’s a gold rushlet so far: lots of wishful thinking that half-forgotten old mines still have new gold to yield up a dozen or so decades after the first ore was dredged out there.
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Alex J. Pollock: How can the Fed pay dividends to shareholders when it has no profits?
Submitted by admin on Sat, 2025-01-11 10:48 Section: Daily DispatchesBy Alex J. Pollock
The New York Sun
Saturday, January 11, 2025
Argentina refuses to disclose location of central bank's gold
Submitted by admin on Thu, 2025-01-09 22:38 Section: Daily DispatchesFrom the Buenos Aires Times
Thursday, January 9, 2025
Lawyers representing Argentina in a New York court have refused to reveal the location of the central bank's gold reserves, at least some of which is believed to be overseas.
In an ongoing lawsuit related to the 2012 expropriation of state energy firm YPF, the lawyers told Judge Loretta Preska that the government could not reveal the location of the reserves to their opponents in the case.
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Why investors are still buying gold despite a strong dollar and rising Treasury yields
Submitted by admin on Thu, 2025-01-09 22:30 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch, New York
Thursday, January 9, 2025
Gold prices settled today at their highest level in four weeks, defying their usual inverse relationship with strength in the U.S. dollar and gains in Treasury yields, as fiscal worries prompt investors seek out safe-haven assets.
"Dollar strength, rising Treasury yields, and a rising gold price are all evidence of global concerns with the U.S. fiscal situation," Brien Lundin, editor at Gold Newsletter, told MarketWatch.
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'Huge fortune' in gold and silver coins from 1600s found in German church where Luther preached
Submitted by admin on Wed, 2025-01-08 13:04 Section: Daily DispatchesBy Laura Geggel
Live Science, New York
Tuesday, January 7, 2025
Restorers at a famous Gothic church in Germany have discovered a "huge fortune" that was hidden in the leg of a statue nearly 400 years ago.
The treasure -- four bags of coins from the 1600s -- was likely concealed during the Thirty Years War, when Swedish soldiers frequently plundered the region.
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Indian government slashes November gold import data by $5 billion
Submitted by admin on Wed, 2025-01-08 12:49 Section: Daily DispatchesBy Shreya Nandi
Business Standard, New Delhi
Wednesday, January 8, 2025
The central government has revised downward the gold import data for November to $9.8 billion, a sharp reduction from the earlier announced figure of $14.8 billion, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) released today.
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