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Daily Dispatches

Musk signals DOGE will look into gold at Fort Knox

Section: Daily Dispatches

By Alex Gangitano
The Hill, Washington
Monday, February 17, 2025

Tech billionaire Elon Musk signaled today that he will be looking into Fort Knox, where the United States has a massive and heavily secured gold reserve.

"Looking for the gold at Fort Knox. ..." Musk wrote on the social platform X.

He also shared a post from Sen. Mike Lee, R-Utah, on X, in which the senator said he has been denied access to Fort Knox, an Army installation in Kentucky.

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Jp Cortez in NY Sun: Will Musk join sound money campaign for U.S. gold reserve audit?

Section: Daily Dispatches

By Jp Cortez
The New York Sun
Monday, February 17, 2025

https://www.nysun.com/article/will-elon-musk-join-the-campaign-by-sound-money-advocates-for-an-audit-of-americas-gold-reserves

An X exchange over the weekend is bringing new light to an issue long shrouded in mystery -- the status of America's purported stockpile of 8,133 tons of gold stored at Fort Knox and other government vaults across the country.

Agnico Eagle could displace Barrick from No. 2 gold ranking

Section: Daily Dispatches

From Bloomberg News
Friday, February 14, 2025

Agnico Eagle Mines Ltd. is threatening to snag the title of world’s second-largest gold producer from one of its top rivals.

The Canadian mining company aims to churn out 3.3 million to 3.5 million bullion ounces this year, according to full-year earnings posted Thursday. That’s on par with Barrick Gold Corp., which is currently the No. 2 gold miner.

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It's not just the metal in the vault but the many possible claims against it

Section: Daily Dispatches

9:25p ET Sunday, February 16, 2025

Dear Friend of GATA and Gold:

London's Daily Mail has jumped on Elon Musk's interest in whether the U.S. government still has gold reserves at Fort Knox in Kentucky --

https://www.dailymail.co.uk/news/article-14403697/gold-reserve-doge-audit-fort-knox-elon-musk.html

-- but no one yet seems to be addressing the key detail.

We're close to winning but we need your help tonight

Section: Daily Dispatches

7:36p ET Sunday, February 16, 2025

Dear Friend of GATA and Gold:

We are so close to victory now. Gold is all over mainstream financial news organizations now even as they strive not to expose the real reasons for the monetary metal's spectacular rise: the collapse of the derivatives-based gold price suppression system.

Gold price suppression is almost a respectable topic now, even if GATA is still not respectable enough to get mentioned by mainstream financial news organizations even as we pummel them every day with evidence of their dishonesty.

Zero Hedge urges Musk to audit gold at Fort Knox and Sen. Paul wants to help

Section: Daily Dispatches

By Ryan King
New York Post
Sunday, February 16, 2025

Elon Musk could get a golden audit.

The world's richest man got encouragement Sunday to bring his cost-cutting Department of Government Efficiency into one of the most secure places in the world: Fort Knox.

Sen. Rand Paul, R-Kentucky, called for a review of the vault’s massive gold reserves — worth an estimated $425 billion based on market rates -- in response to the tech mogul’s musings about the stash.

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Soaring gold becomes top 'Trump trade'

Section: Daily Dispatches

And Barrick Gold CEO Mark Bristow acknowledges that gold isn't just money but the only reserve currency.

* * *

By Leslie Hook and Ian Smith
Financial Times, London
Sunday, February 16, 2025

Gold has become the best performing "Trump trade" in recent weeks, outperforming other major asset classes since the U.S. president's inauguration, as fears of a trade war and a potential hit to global growth fuel demand for the haven metal.

Rise of dollar forwards builds risk for Asia's central banks

Section: Daily Dispatches

From Bloomberg News
via The Hindu, Chennai, India

Central banks across Asia are increasingly using derivatives to protect their currencies against a strong dollar, raising questions over how long they can do so and whether they are just storing up trouble for the future.

Canada's Poilievre pitches natural-resource expansion to counter Trump

Section: Daily Dispatches

By Randy Thanthong-Knight and Jacob Lorinc
Bloomberg News
via Business Standard, New Delhi
Sunday, February 16, 2025

Canadian Conservative Leader Pierre Poilievre pledged to build an "east-west economy" with oil and gas pipelines stretching from Alberta to the Maritime provinces as part of a sweeping plan to respond to U.S. tariff threats.
 
In a major speech Saturday, the opposition leader aimed to persuade Canadians that he is the best candidate to lead the country in a looming tariff war with its largest trading partner.

Vizma Sprott, co-founder of Sprott Foundation, dies after long fight with cancer

Section: Daily Dispatches

From the Toronto Star
Saturday, February 15, 2025

https://obituaries.thestar.com/obituary/vizma-sprott-1092644223

Vizma Sprott, born June 22, 1945, passed away peacefully on February 11, 2025, at her home in Toronto, surrounded by family, after a long fight with cancer. 

Vizma is survived and missed by her loving husband, Eric, and two daughters, Juliana and Larisa.

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