You are here

Daily Dispatches

Frank Giustra: How Shanghai stole the gold crown, beating paper with physical

Section: Daily Dispatches

By Frank Giustra
Kitco.com, Montreal
Tuesday, January 20, 2026

For decades, the world's gold trade revolved around two cities: London and New York. They were the twin pillars of postwar finance—one steeped in Savile Row tradition and quiet deals, the other all skyscrapers, caffeine, and Wall Street adrenaline.

... Dispatch continues below ...


... ADVERTISEMENT ...

Polish central bank will buy another 150 tonnes of gold, lifting reserves to 700

Section: Daily Dispatches

By Wojciech Moskwa
Bloomberg News
via The Print, New Delhi

https://theprint.in/world/polish-central-bank-approves-plan-to-buy-150-tons-of-gold-lifting-reserves-to-700-tonnes/2832206/

The National Bank of Poland approved a plan to buy as much as 150 tons of gold, which would increase the country's holdings to 700 tons, the central bank said today.

Gold rally boosts Russian reserves by $216 billion, replacing seized assets

Section: Daily Dispatches

From Bloomberg News
Tuesday, January 20, 2026

Russia has reaped a windfall from a surge in gold prices since the start of its war in Ukraine, generating gains on a scale comparable to the sovereign reserves frozen in Europe over President Vladimir Putin's invasion.

Silver has become world's second most valuable asset

Section: Daily Dispatches

By Mike Maharrey
Money Metals Exchange
Monday, January 19, 2026

Silver was up nearly 148% in 2025 and the price has continued to climb in the new year, trading over $90 an ounce.

With the rapid gain, silver now ranks as the second-most valuable asset in the world with a market cap of $5.35 trillion.

... Dispatch continues below ...


... ADVERTISEMENT ...

Buy, Sell, or Store Precious Metals with Money Metals Exchange

Hong Kong billionaire puts a quarter of his wealth into gold

Section: Daily Dispatches

By Diana Li
Bloomberg News
Sunday, January 18, 2026

For three decades, Cheah Cheng Hye was a face of value investing in Asia, building Value Partners Group Ltd. into a multi-billion dollar stock-picking powerhouse.

Now the former fund manager is putting a massive portion of his personal wealth into gold and is advising others to do the same. 

... Dispatch continues below ...


... ADVERTISEMENT ...

Gold miner plans seizure of Peruvian assets over arbitration debt of $67 million

Section: Daily Dispatches

By Marcelo Rochabrun
Bloomberg News
via National Post, Toronto
Monday, January 19, 2026

A Canadian gold miner said it will attempt to seize Peruvian state assets -- including future debt payments -- unless the South American nation makes prompt payment of an arbitration award.

Lupaka Gold Corp. won a US$67 million award in June over the Peruvian government's failure to curb community protests that forced the company to halt operations at its Invicta mine.

... Dispatch continues below ...

With Shanghai exchange agreement, Hong Kong presses bid to become global gold trading center

Section: Daily Dispatches

By Oscar Liu
South China Morning Post
Sunday, January 18, 2026

Hong Kong will sign an accord with Shanghai next week to establish a cross-border gold trade clearing system, a move the finance chief has said will bolster the city’s push to become an international trading hub for the precious metal.

Financial Secretary Paul Chan Mo-po revealed on Sunday that the city and the Shanghai Gold Exchange would sign a memorandum of understanding at next week’s Asian Financial Forum to pave the way for greater connectivity between the two markets.

Gold price manipulation may be as old as government itself

Section: Daily Dispatches

By Konstantine Panegyres
LiveScience.com, New York
Sunday, January 18, 2026

"All I want is an income of 20,000 sesterces from secure investments," proclaims a character in a poem by Juvenal (first to second century A.D.), the Roman poet.

Today 20,000 sesterces would be equivalent to about [Australian] $300,000 in interest from investments. Anyone would be very happy with this much passive annual income.

... Dispatch continues below ...


... ADVERTISEMENT ...

Mike Maharrey: Impact of China's new silver export rules has been overstated

Section: Daily Dispatches

By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Thursday, January 15, 2026

The impact of Chinese silver export rules won't be as significant as many initially thought.

Last week I reported that China was attempting to control the silver market using more restrictive export rules and that it could exacerbate global silver shortages. China has used a similar strategy to control the markets for other rare earth metals.

... Dispatch continues below ...


... ADVERTISEMENT ...

Clive Maund: A roundup about the metals as the fiat money system collapses

Section: Daily Dispatches

By Clive Maund
CliveMaund.com
Friday, January 16, 2026

With a massive metals bull market in full swing, it's always worth us stepping back from time to time to review the big picture. 

The background to all this is of course the accelerating collapse of the current fiat money system in the face of hopeless, intractable mountains of debt with the "can kicking" enabled by derivatives, etc., coming to the end of the road as the amounts of new money required to just maintain the status quo accelerate into the infinite. 

Pages