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Daily Dispatches
Jacob Childress: China cannot afford to use its alternative to the dollar
Submitted by admin on Mon, 2026-08-10 19:34 Section: Daily DispatchesBy Jacob Childress
Real Clear World, Washington
Monday, August 10, 2026
Over the past 18 months, nearly every condition analysts have long said would erode the dollar's dominance arrived at once.
War broke out in the Persian Gulf. The Strait of Hormuz has closed, reopened, and closed again, and remains shut as this is written. Iran began charging transit tolls denominated in yuan.
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Timothy Noah: Why does the world put up with the dollar?
Submitted by admin on Mon, 2026-08-10 08:49 Section: Daily DispatchesBy Timothy Noah
The New Republic, New York
Monday, August 10, 2026
The most powerful tool of the American imperium is not, as is generally supposed, its military, but rather its currency.
Other nations (China, India) possess more troops, but none possesses more legal tender. There were 57,000,000,000 dollar-denominated bills in circulation last year. By comparison, euro-denominated bills -- the world's second-most-widely circulated currency, minted not by one nation but by 21—numbered 31,000,000,000.
UK regulator prepares framework for tokenised gold
Submitted by admin on Mon, 2026-08-10 08:15 Section: Daily DispatchesBy Nikou Asgari and Martin Arnold
Financial Times, London
Monday, August 10, 2026
UK regulators are preparing a framework for tokenised gold as part of plans to encourage the digitisation of financial markets and to protect the dominance of London in global bullion trading.
The Financial Conduct Authority has talked to industry members, including big banks, about ways it could regulate tokenised gold in order to encourage growth in the market, according to people familiar with the watchdog's plans.
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Truce between gold miners Barrick and Newmont clears way for IPO
Submitted by admin on Mon, 2026-08-10 08:07 Section: Daily DispatchesBy Leslie Hook
Financial Times, London
Monday, August 10, 2026
Two of the largest gold mining companies, Barrick and Newmont, have agreed to combine some of their biggest mines -- a truce that paves the way for one of the biggest mining IPOs of the year.
The two rivals, which already partner on the Nevada Gold Mines joint venture, had been locked in a dispute as Newmont tried to block Barrick's plans for a separate listing of its North American assets, including the JV.
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Golden asteroid might yet have a place in the Western financial system
Submitted by admin on Sun, 2026-08-09 20:07 Section: Daily DispatchesMoney for nothing and your chicks for free.
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8:13p ET Sunday, August 9. 2026
Dear Friend of GATA and Gold:
Maybe the other day GATA was too quick to endorse the report in Space Daily --
Ed Steer: Silver and gold stocks up +20% on the week
Submitted by admin on Sun, 2026-08-09 16:19 Section: Daily Dispatches4:19p ET Sunday, August 9, 2026
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "Silver and Gold Stocks Up +20% on the Week" and is posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/silver-gold-stocks-20-percent-week
U.S. sale of euros to prop up yen blindsided ECB
Submitted by admin on Sun, 2026-08-09 10:51 Section: Daily DispatchesBy Olaf Storbeck, Claire Jones, and Kate Duguid
Financial Times, London
Thursday, August 6, 2026
Washington's sale of euros to boost the yen late last week blindsided the European Central Bank, with the U.S. informing its counterparts in Frankfurt only after the historic currency intervention.
The ECB was made aware of the U.S. move to sell euros to buy yen on Friday after the trade had been executed, according to several people familiar with the matter.
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Barrick chairman's planned overhaul meets investor backlash
Submitted by admin on Sun, 2026-08-09 10:35 Section: Daily DispatchesBy Jacob Lorinc and Sybilla Gross
Bloomberg News
Sunday, August 9, 2026
John Thornton appeared ready last year to step down as chairman of Barrick Mining Corp. after a turbulent 12-year tenure. Instead, he seized control from his long-time CEO and is now driving a reinvention of one of the world's largest gold producers.
His plan is running into trouble.
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Alasdair Macleod: Gold and silver begin their move
Submitted by admin on Sat, 2026-08-08 08:42 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, August 7, 2026
Investors increasingly suspect that financial markets might be radically mispriced, and nowhere is this truer than for precious metals.
In terms of the evolution of gold and silver prices, markets appear to be in a similar position to where they were in December 1973, after OPEC first hiked its reference price and before the second larger increase.
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China's gold reserves rise by most since October 2023 as buying pace quickens
Submitted by admin on Fri, 2026-08-07 09:35 Section: Daily DispatchesBy Qiaoyi Li, Liz Lee, and Dylan Duan
Reuters
Friday, August 7, 2026
China's central bank stepped up its gold purchases for a fifth straight month in July, adding the most bullion to its reserves since October 2023, official data showed today.
The People's Bank of China extended its gold-buying run to a 21st consecutive month, with reserves rising to 76.08 million fine troy ounces at the end of July from 75.44 million a month earlier.
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