Bolivia's central bank keeps selling gold it doesn't quite have yet
Submitted by admin on Wed, 2025-09-10 18:37 Section: Daily DispatchesBolivia Raises $589 Million Against Future Gold Deliveries
By Sergio Mendoza
Bloomberg News
Wednesday, September 10, 2025
Dollar-strapped Bolivia is relying on increasingly sophisticated operations to raise hard currency that it can use to pay its foreign debt.
In recent months the Bolivian central bank has raised $589 million against the delivery in a year's time of 5.4 tons of gold, it said in a report published this month.
... Dispatch continues below ...
... ADVERTISEMENT ...
BIS gold swaps fell from 34 tonnes in July to 30 in August
Submitted by admin on Tue, 2025-09-09 11:17 Section: Daily Dispatches11:19a ET Tuesday, September 9, 2025
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements fell in August by four tonnes, from 34 in July to 30 at the end of last month, according to the bank's monthly report, published this week --
https://www.bis.org/banking/balsheet/statofacc250831.pdf
-- and to calculations made from the report by GATA consultant Robert Lambourne.
... Dispatch continues below ...
Anglo American to merge with Teck Resources in second-largest mining deal ever
Submitted by admin on Tue, 2025-09-09 10:55 Section: Daily DispatchesBy Clara Denina
Reuters
Tuesday, September 9, 2025
LONDON -- London-listed miner Anglo American and Canada's Teck Resources plan to merge, the two companies said today, marking the sector's second-biggest merger and acquisition deal ever and forging a new global copper-focused heavyweight.
Under the proposed deal, which still needs regulatory approval, Anglo American shareholders would own 62.4% of the newly combined company, Anglo Teck, while shareholders in Teck will hold 37.6%.
... Dispatch continues below ...
Toby Nangle: Do central banks really have more gold than U.S. Treasury bonds?
Submitted by admin on Tue, 2025-09-09 09:11 Section: Daily DispatchesIf not, it at least has gotten close.
* * *
By Toby Nangle
Financial Times, London
Tuesday, September 9, 2025
Some people have been getting excited about a chart purporting to show central banks owning more gold than U.S. Treasuries. Even Financial Times contributing editor Mohamed El-Erian recirculated it on LinkedIn.
Could this signal an inflection point for the post-Bretton Woods world?
... Dispatch continues below ...
Putin adviser says U.S. plans to wipe out its $35 trillion debt by using crypto and gold market
Submitted by admin on Mon, 2025-09-08 16:45 Section: Daily DispatchesBy Manu Kaushik
The Times of India, Mumbai
Monday, September 8, 2025
Anton Kobyakov, a senior adviser to Russian President Vladimir Putin, has alleged that the United States is orchestrating a scheme to offload its $35 trillion national debt by leveraging cryptocurrencies and gold.
Silver borrowing costs surge on tariff-driven supply jitters
Submitted by admin on Mon, 2025-09-08 16:03 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, September 8, 2025
Surging lease rates for silver are once again upending the precious metals market, with traders fearing that possible U.S. tariffs could squeeze already tight supplies in London as price dislocations re-emerge between key trading hubs.
Washington last month categorized silver as critical to U.S. national security, fueling worries that its new status may draw the attention of President Donald Trump, who ordered an investigation into critical minerals in April.
