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Daily Dispatches
Defense Department buys into rare-earths mining company
Submitted by admin on Sun, 2025-07-13 10:54 Section: Daily DispatchesMP Materials Seals Big Rare-Earths Deal with Defense Department to Break China's Grip
By Katha Kalia, Eric Onstad, and Ernest Scheyder
Reuters
Thursday, July 10, 2025
MP Materials today unveiled a multibillion-dollar deal with the U.S. government to boost output of rare earth magnets and help loosen China's grip on the materials used to build weapons, electric vehicles and many electronics.
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White House slams Fed over finances and cost overrun on HQ renovations
Submitted by admin on Sun, 2025-07-13 10:41 Section: Daily DispatchesBy Dan Burns
Reuters
Thursday, July 10, 2025
The White House on today launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had "grossly mismanaged" the central bank, chastising him for running a deficit and for extensive cost overruns for building renovations.
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South Asian women might be the winners of the gold rush
Submitted by admin on Sun, 2025-07-13 10:17 Section: Daily DispatchesBy Ramishah Maruf
CNN, New York
Sunday, July 13, 2025
Every piece of gold that Farzana Ghani owns holds a memory.
She has intricate jewelry sets from her mother-in-law from her wedding in Pakistan; a gold chain gifted from her mother after she performed the Hajj, the Muslim pilgrimage; and gold coins to celebrate her daughter's birth.
And she will keep investing in gold, as prices for the metal reach record highs.
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Washington State to impose sales taxes on gold and silver
Submitted by admin on Sun, 2025-07-13 10:10 Section: Daily DispatchesBy Jason Sutich
KIRO-FM97.3, Seattle
Sunday, July 13, 2025
Beginning January 1, Washington residents could be required to pay a sales tax on gold, silver, and coins due to a new bill that recently passed the Washington State Legislature.
Ryan Hoolahan, the chief financial officer of Bellevue Rare Coins, explained the impact the new SB-5794 will have on the company's business and customers amid the commodity's positive performance in recent years, on "The John Curley Show" on KIRO Newsradio.
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Matthew Piepenburg: Is gold revaluation Trump's red-button option?
Submitted by admin on Sun, 2025-07-13 08:32 Section: Daily Dispatches8:30a ET Sunday, July 17, 2025
Dear Friend of GATA and Gold:
Matthew Piepenburg of Von Greyerz Gold / Gold Switzerland today makes the case for a U.S.-led upward revaluation of gold to devalue the country's seemingly uncontrollable and dollar-destroying debt.
Piepenburg concludes: "An emergency gold revaluation of $20,000, by way of just one example (perhaps lower, perhaps higher), would create instant trillions in liquidity to address Uncle Sam's otherwise mathematically unsustainable bar tab.
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Gold revaluation shouldn't surprise, since it's an old story
Submitted by admin on Sat, 2025-07-12 09:46 Section: Daily Dispatches9:54a ET Saturday, July 12, 2025
Dear Friend of GATA and Gold:
Lately there has been a big increase in speculation about an official revaluation of gold.
At YouTube this week Rebel Capitalist's George Gammon seemed surprised by the possibility as he called attention to financial letter writer Luke Gromen's recent report that the May edition of the Federal Reserve's Financial Accounting Manual for Federal Reserve Banks describes a mechanism by which the U.S. Treasury Department and the Fed can revalue the U.S. gold reserve:
LFTV: Silver escapes Comex control as central banks plan gold revaluation
Submitted by admin on Fri, 2025-07-11 21:22 Section: Daily Dispatches9:22p ET Friday, July 11, 2025
Dear Friend of GATA and Gold (and Silver):
Tonight's edition of Kinesis Money's "Live from the Vault" has London metals trader Andrew Maguire saying silver has escaped Comex derivative control, the Federal Reserve is the only central bank still borrowing gold from the Bank for International Settlements, other central banks are preparing for a big upward revaluation of gold, and it will begin with a revaluation by the U.S. government that is immediately followed by other central banks, with a likely price of $8,000 per ounce.
Alasdair Macleod: Silver is leading the way
Submitted by admin on Fri, 2025-07-11 17:18 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, July 11, 2025
For the first time in recent trading sessions, overnight demand from Asia drove gold and silver higher this morning. It should be a wake-up call for western bullion markets.
Gold was almost unchanged over the week, but silver gained in subdued post-July 4 holiday trade. This morning in Europe, gold was $3335, down $2 on balance from last Friday's close. Silver at a new high for the year at $37.45 was up 70 cents on the same timescale.
Quentin Mai: The strategic imperative of domestic gold supply
Submitted by admin on Fri, 2025-07-11 09:18 Section: Daily DispatchesBy Quentin Mai
D.C. Journal, Washington
Tuesday, July 8, 2025
In today's unpredictable global environment, marked by persistent inflation, volatile interest rates and shifting trade dynamics, it's easy to focus on geopolitics as the main driver behind gold's enduring appeal.
However, deeper economic fundamentals are the real engine of its long-term strength. Structural deficits, sustained dollar weakness, mounting government budget deficits, and evolving global monetary policy are reshaping reserve strategies.
Ghana launches task force to curb gold smuggling losses
Submitted by admin on Wed, 2025-07-09 18:51 Section: Daily DispatchesBy Emmanuel Bruce
Reuters
Wednesday, July 9, 2025
ACCRA -- Ghana President John Dramani Mahama on Tuesday launched a task force backed by security forces to address illegal gold trading, as Africa's top producer seeks to recover billions of dollars lost to smuggling.
The task force is Ghana's first national anti-gold smuggling initiative. The government has previously launched efforts to sanitize artisanal mining, but these were unsuccessful in curbing illegal extraction and preventing revenue losses that plague most African gold producers.
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