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Daily Dispatches
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
Tuesday, 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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Alasdair Macleod: A brief history of the gold standard
Submitted by admin on Sun, 2025-05-25 09:14 Section: Daily DispatchesBy Alasdair Macleod
Macleod Finance
Sunday, May 25, 2025
As evidence mounts that major Western economies are heading into a banking and monetary crisis due to contracting credit, we face the consequences of unsound money. The era of fiat is drawing to a close and its death will be painful for the highly indebted advanced economies in North America, Europe, and Japan. History and legal precedent tell us that fiat will die and that only gold can provide an anchor to credit values.
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BIS gold swaps have collapsed 99% in four years
Submitted by admin on Fri, 2025-05-23 12:59 Section: Daily DispatchesGATA's Robert Lambourne long has provided the most contemporaneous proof of official intervention against gold -- and the proof that gold is winning.
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1:07p ET Friday, May 23, 2025
Dear Friend of GATA and Gold:
For 26 years GATA has documented extensively the efforts of Western central banks and especially the U.S. government to suppress and manipulate the price of gold to protect the U.S. dollar against competition as the world reserve currency and to control interest rates:
Hikers stumble across mysterious treasure hidden on a Czech mountain trail
Submitted by admin on Thu, 2025-05-22 22:55 Section: Daily DispatchesBy Jacopo Prisco
CNN, New York
Wednesday, May 21, 2025
Ten gold bracelets, 17 cigar cases, a powder compact, a comb, and a whopping 598 gold coins: The items are all part of a valuable and somewhat mysterious stash, found by chance by two hikers in the northeastern Czech Republic.
The hikers, who wish to remain anonymous, were taking a shortcut through the forest in the Krkonose Mountains -- a popular hiking spot -- when they saw an aluminum box sticking out of a stony wall.
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