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Daily Dispatches
China warns that its citizens risk becoming 'mining slaves' in African gold rush
Submitted by admin on Fri, 2025-11-21 16:40 Section: Daily DispatchesBy Xiuhao Chen and Joe Cash
Reuters
Thursday, November 20, 2025
BEIJING -- China's embassy in the Central African Republic has warned that its citizens risk becoming "mining slaves" in the politically unstable nation's gold trade, as Chinese workers look to sub-Saharan Africa as jobs in the Asian giant's gig economy dry up.
Chinese nationals have been killed or kidnapped by armed groups and even their supposed business partners, while others were scammed out of large sums of money and deported for illegally mining, the embassy said in a statement today.
Mike Maharrey: Real money works everywhere, as Islamic silver did in the Viking world
Submitted by admin on Fri, 2025-11-21 16:31 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, November 21, 2025
If I travel to another country, I'll generally need to make a currency exchange before I can go shopping. I'll have to swap my dollars for euros if I'm in Europe, or for yuan if I'm in China, or perhaps for lira if I'm in Turkey.
However, in ancient times, a currency exchange wasn't necessary because the money had intrinsic value that was recognized worldwide.
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Stuart Englert: Government secrecy prevails over gold transparency
Submitted by admin on Fri, 2025-11-21 09:59 Section: Daily DispatchesBy Stuart Englert
StuartEnglert.substack.com
Friday, November 21, 2025
When it comes to U.S. gold reserves, secrecy prevails over transparency.
Attempts to authorize a comprehensive, independent audit of the nation’s gold reserves have proven elusive and futile for decades.
The last two prominent audits, conducted 72 and 51 years ago, respectively, were far from thorough or free of government influence.
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Who says gold doesn't pay interest?
Submitted by admin on Thu, 2025-11-20 16:20 Section: Daily DispatchesJust like government money, gold pays interest when you put it at risk by lending it
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How The Rich Are 'Renting' Out Their Gold For Income
From NDTV, New Delhi
Thursday, November 20, 2025
Gold leasing or "renting" idle gold to jewelers and refiners is an emerging trend among investors.
Russia's central bank says its operations with gold are increasing
Submitted by admin on Thu, 2025-11-20 08:04 Section: Daily DispatchesBy Elena Fabrichnaya and Gleb Bryanski
Reuters
Wednesday, November 19, 2025
MOSCOW -- The Russian central bank said on Wednesday that its sales and purchases of gold in the domestic market for the budget reserve, the National Wealth Fund, have been increasing in recent years due to the enhanced liquidity of gold, opens new tab.
The central bank's assets in U.S. dollars, euros, and other major Western currencies have been frozen as part of Western sanctions imposed on Russia over its military actions in Ukraine.
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Silver may be the 'poor man's gold' but its 74% surge this year looks far from over
Submitted by admin on Thu, 2025-11-20 07:50 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch, New York
Wednesday, November 19, 2025
Silver may represent one of the few cases where cheaper is better -- not just when it comes to cost, but in terms of quality for investors.
The asset known as "poor man’s gold" is the top performer in the precious-metals space so far this year, and it may have plenty of room to run even higher.
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Sen. Mike Lee introduces bill to audit U.S. gold reserves
Submitted by admin on Wed, 2025-11-19 13:41 Section: Daily DispatchesBy Bradley Jaye
Breitbart News, Los Angeles
Wednesday, November 19, 2025
Sen. Mike Lee, R-Utah, is introducing the Gold Reserve Transparency Act to institute the first audit of the United States government’s gold holdings in over half a century.
The bill would open Fort Knox to an audit of everything held by the Federal Reserve, making the results public to the American people -- a proposal made by Trump in February.
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Shanaka Anselm Perera: Japan's bond market just ended the era of free money and triggered capital repatriation
Submitted by admin on Wed, 2025-11-19 09:47 Section: Daily DispatchesBy Shanaka Anslem Perera
Sunday, November 16, 2025
Shanakaanslemperera.substack.com
On a seemingly ordinary Monday in November, Japan's 10-year government bond yield touched 1.71%. For most observers, this was a technical footnote buried in the daily market data. For those who understand the intricate plumbing of global finance, it was the sound of the Jenga tower's critical block sliding free.
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After deadly accident, Freeport aims to restart Grasberg copper production by July
Submitted by admin on Wed, 2025-11-19 09:32 Section: Daily DispatchesBy Ernest Scheyder and Arunima Kumar
Reuters
Tuesday, November 18, 2025
Freeport-McMoRan said Tuesday it plans to restore production at Indonesia's Grasberg copper and gold mine by July after a fatal incident forced operations to halt two months ago.
Seven workers were killed when roughly 800,000 metric tons of wet mud flooded the Grasberg Block Cave, one of the mines at the complex, on September 8.
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Italian lawmakers seek to revive state claim on central bank's $300 billion gold reserves
Submitted by admin on Wed, 2025-11-19 08:54 Section: Daily DispatchesBy Giuseppe Fonte and Giselda Vagnoni
Reuters
Tuesday, November 18, 2025
ROME -- Italian lawmakers have revived attempts to establish that the central bank's $300 billion in gold reserves belong to the state, presenting a proposal to parliament.
All five lawmakers who signed the proposal, which was tabled as an amendment to next year's budget, are senators from Prime Minister Giorgia Meloni's Brothers of Italy party.
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