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Daily Dispatches

Iran's ayatollah may be evacuating gold to Russia, Moscow Times says

Section: Daily Dispatches

From the Moscow Times, Amsterdam
Friday, January 9, 2026

Russian military transport aircraft have begun making frequent flights to Tehran since the onset of mass protests spreading across Iran, threatening the current regime's. Russia may be providing military and technical support while simultaneously preparing for the evacuation of the supreme leader and his closest aides, including the removal of gold. 

Russia similarly facilitated the escape of dictator Bashar al-Assad from Syria just over a year ago.

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Turkiye to end cash transactions in gold trade under new tracking system

Section: Daily Dispatches

Coming soon to a 'land of the free' near you?

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From the Hurriyet Daily News, Istanbul
Thursday, January 8, 2026

Turkiye will introduce a comprehensive digital tracking system for precious metals in April, effectively ending cash transactions in gold trading and requiring all purchases and sales at jewelry shops to be conducted through banks, credit cards, or bank transfers.

Called the Precious Metal Tracking System, the new framework has been developed by the Turkish State Mint within the Treasury and Finance Ministry.

Alasdair Macleod: Physical shortage continues to drive silver

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Friday, January 9, 2026

Chinese silver demand is on pause allowing prices to drift from all-time highs. Meanwhile, gold marches on towards a test of its post-Christmas highs.

However, the physical silver shortage is what matters and will continue to drive prices. In gold, there is a dawning realisation that there must be something solid behind its bull market, with speculators returning to Comex. 

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Thailand weighs curbs on speculative gold trading to shield baht

Section: Daily Dispatches

By Suttinee Yuvejwattana and Pathom Sangwongwanich
Bloomberg News
Friday, January 9, 2026

Thailand is set to impose limits on speculative trading in gold as authorities step up efforts to curb the influence of a record-breaking rally in the precious metal on the nation's currency.

The government may limit an individual's daily online gold trading to between 100-200 million baht ($3.2-$6.4 million) under a set of new draft rules to be unveiled by the finance ministry this month, Bank of Thailand Governor Vitai Ratanakorn told reporters today. 

Gold tops U.S. treasuries as world's biggest foreign reserve asset

Section: Daily Dispatches

By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Thursday, January 8, 2026

Gold now ranks as the world's top reserve asset.

According to World Gold Council data, global gold reserves are approaching $4 trillion. U.S. Treasury holdings total approximately $3.9 trillion.

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Money Metals Exchange awards scholarships to students in sound-money essay contest

Section: Daily Dispatches

From Money Metals News Service, Eagle, Idaho
Thursday, January 8, 2026

A leading U.S. precious metals dealer has teamed up with the nation's leading sound money groups to award eight new students with more than $10,000 in scholarship funding.

Money Metals Exchange, Sound Money Defense League, and the Sound Money Foundation are proud to present the Sound Money Scholarship -- the first gold-backed scholarship of the modern era.

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Michael Lynch: Bullion banks are key drivers of physical silver buying at Comex

Section: Daily Dispatches

By Michael Lynch
Michael Lynch on Gold and Silver
https://substack.com/@michaellynchongoldsilver
Thursday, January 8, 2026

Physical silver demand at the Comex is sizzling.

Going back five trading days, first notice day on the January contract saw 4,583 contracts or 22.9 million ounces stand for delivery. That was the highest in Comex history for an inactive contract. In fact, that total surpasses many previous active month contracts during 2023 and 2024.

Silver will soon face selling pressure from the rebalancing of this index

Section: Daily Dispatches

Or will investment houses and sovereigns buy the futures contracts being dumped, convert them to "exchange for physicals," and take delivery of real metal?

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By Andrew Bary
Barron's, New York
via MSN News, Redmond, Washington
Saturday, January 3, 2026

The run-up in silver prices could face a near-term test from selling driven by the rebalancing of the Bloomberg Commodity Index.

Craig Hemke: With or without official revaluation, gold should keep rising in 2026

Section: Daily Dispatches

11:07a ET Wednesday, January 7, 2026

Dear Friend of GATA and Gold:

The possibility that the U.S. government will revalue its gold reserves substantially higher figures heavily in the 2026 monetary metals market outlook published today by Craig Hemke of the TF Metals Report. But even without revaluation, Hemke writes, there are reasons to expect the metals to continue rising.

Hemke's analysis is headlined "Scott Would Like to Say Something About it -- A 2026 Macrocast" and it can be found at the TF Metals Report here:

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