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Daily Dispatches
Gov. DeSantis signs bill allowing transactions using gold and silver in Florida
Submitted by admin on Tue, 2025-05-27 19:54 Section: Daily DispatchesBy Malcolm Harvey
WTLV-TV12, Jacksonville, Florida
Tuesday, May 27, 2025
EU to delay Basel III bank rules pending Trump's deregulation moves, sources tell Reuters
Submitted by admin on Tue, 2025-05-27 10:25 Section: Daily DispatchesBy Francesco Canepa, Jan Strupczewski, and Giuseppe Fonte
Reuters
Thursday, May 22, 2025
FRANKFURT, Germany -- The European Union is set to delay new, global rules governing banks' trading again as it waits for more clarity about the U.S. administration's plans to deregulate its financial sector, sources told Reuters.
The Fundamental Review of the Trading Book is a key part the Basel III package devised in the wake of the global financial crisis but not yet implemented by Britain or the United States, two key financial centers.
Ultra-rich increasingly park gold in Singapore as global risks and Trump volatility rise
Submitted by admin on Tue, 2025-05-27 10:16 Section: Daily DispatchesBy Lee Ying Shan
CNBC, New York
Monday, May 26, 2025
The ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets -- and Singapore is emerging as a favored destination.
Not far from the city-state's airport sits a six-story facility covered in onyx and fortified by tight security. Tucked behind its steel doors are gold and silver bars amounting to about $1.5 billion.
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Trump is betting on bitcoin, not the dollar
Submitted by admin on Tue, 2025-05-27 10:10 Section: Daily DispatchesTrump Media to Raise $2.5 Billion in Capital to Buy Bitcoin
By Monique Mulima
Bloomberg News
Tuesday, May 27, 2025
Trump Media & Technology Group Corp., the company behind Truth Social, said it plans to sell around $1.5 billion in stock and $1 billion in 0% convertible notes to buy Bitcoin for its treasury.
The company’s shares fell 9.2% at $23.38 in early trading after rallying premarket following a Financial Times report on its plans to raise capital to spend on cryptocurrencies.
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Shanghai Futures Exchange to open wider for foreigners to challenge London
Submitted by admin on Tue, 2025-05-27 09:51 Section: Daily DispatchesBy Lewis Jackson
Reuters
lTuesday, May 27, 2025
BEIJING -- The Shanghai Futures Exchange today released draft proposals to further open up domestic futures to overseas investors and brokers as part of an effort to help internationalize the renminbi.
China is the largest consumer of industrial metals by far, but much of the trade is priced by overseas benchmarks. The Shanghai exchange has long been working on plans to build its global presence and challenge the dominance of the rival London Metal Exchange.
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ECB's Lagarde says euro could be viable alternative to dollar
Submitted by admin on Mon, 2025-05-26 12:47 Section: Daily DispatchesBut she talks as if she has never heard of gold.
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From Al Jazeera, Doha, Qatar
Monday, May 26, 2025
The euro could become a viable alternative to the U.S. dollar as the global standard currency for international trade, according to European Central Bank President Christine Lagarde.
If you haven't gotten your GATA commemorative silver round yet, please donate today
Submitted by admin on Mon, 2025-05-26 12:43 Section: Daily Dispatches12:43p ET Monday, May 26, 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.
China's largest gold miner expands into 'streaming' project finance
Submitted by admin on Mon, 2025-05-26 01:09 Section: Daily DispatchesBy William Sandlund, Cheng Leng, and Leslie Hook
Financial Times, London
Monday, May 26, 2025
China's largest gold miner, Zijin, is expanding into "streaming" of precious metals in a bid to secure more bullion supply at a time of skyrocketing prices.
Florida governor to approve legislation making gold and silver legal tender
Submitted by admin on Sun, 2025-05-25 11:59 Section: Daily DispatchesBy A.G. Gancarski
Florida Politics, St. Petersburg
Saturday, May 24, 2025
Precious metals are closer to being usable for legal tender in Florida, with Gov. Ron DeSantis receiving a bill he says he is on board to sign.
HB 999 "recognizes gold and silver coin as legal tender for payment of debts," but also mandates "additional requirements regarding privately ensuring deposits' security, record keeping, and maintaining separate ledger accounts for money services that effectuate transactions involving gold or silver coin."
All 260 South African miners stuck underground are rescued
Submitted by admin on Sun, 2025-05-25 11:51 Section: Daily DispatchesFrom Le Monde, Paris
and Agence France-Presse
Friday, May 23, 2025
Rescuers today pulled out all 260 mine workers who had been stuck for more than 24 hours in an underground shaft in South Africa, the mine's operator said.
The miners were trapped underground on Thursday at the Kloof gold mine, 60 kilometers (37 miles) west of Johannesburg, after a hoist used to access the shaft was damaged in an accident, the mining company, Sibanye-Stillwater, said.
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