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Daily Dispatches
Mike Maharrey: Inflation is worse than CPI indicates, as you might have noticed
Submitted by admin on Tue, 2026-07-28 11:32 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Tuesday, July 28, 2026
We all intuitively know that prices are rising faster than the Consumer Price Index indicates. We feel the pain every time we go to the grocery store or gas station. But just how much is price inflation impacting us here on Main Street?
I started pondering this question the other day when I ran across a graph tracking the price of a can of Campbell's tomato soup since 1895.
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Ghana earmarks $429 million to buy gold, shifting fiscal risks
Submitted by admin on Tue, 2026-07-28 11:11 Section: Daily DispatchesBy Moses Mozart Dzawu
Bloomberg News
Tuesday, July 28, 2026
Ghana has allocated 5 billion cedis ($429 million) to finance gold purchases that boost its foreign-exchange reserves after shifting the program from the central bank to the government, potentially increasing fiscal risks.
The government's revised 2026 budget made the allocation for bullion purchases to the Ghana Gold Board, after responsibility for financing the program was shifted from the Bank of Ghana.
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China's June net gold imports via Hong Kong up from year ago, down from May
Submitted by admin on Mon, 2026-07-27 09:08 Section: Daily DispatchesBy Ashitha Shivaprasad
Reuters
Monday, July 27, 2026
China's net gold imports via Hong Kong more than doubled year-on-year in June, but slipped over 5% from the previous month, data from Hong Kong's Census and Statistics Department showed on Monday.
The world's top gold consumer imported a net 50.679 metric tons of gold via Hong Kong in June, compared with 53.674 tons in May and 19.366 tons in June 2025, the data showed.
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Maharrey, Casey demolish Bessent's assurance about Fort Knox gold
Submitted by admin on Fri, 2026-07-24 12:00 Section: Daily Dispatches11:59a ET Friday, July 24, 2026
Dear Friend of GATA and Gold:
Mike Maharrey of Money Metals Exchange and International Man's Doug Casey today demolish Treasury Secretary Scott Bessent's recent assurance that everything is fine with the U.S. gold reserve at Fort Knox, despite the demands President Trump and adviser Elon Musk made for a full audit as the second Trump administration began.
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Venezuela's new regime sees a chance to recover country's gold in London
Submitted by admin on Fri, 2026-07-24 10:18 Section: Daily DispatchesWhy Venezuela Can't Access $4 Billion in Gold
That Could Help With Earthquake Recovery
By German Padinger
CNN, New York
Friday, July 24, 2026
It's a fight for control over a stash of gold locked away in one of the world’s largest and most secure vaults, but this is no 18th-century pirate novel or bank heist movie.
It's the situation facing the Venezuelan government as it attempts to navigate its way through political upheaval and the aftermath of last month's devastating twin earthquakes.
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China's gold imports surge after slump in international prices
Submitted by admin on Fri, 2026-07-24 10:10 Section: Daily DispatchesBy Yihui Xie
Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, July 23, 2026
Chinese gold imports rose to a two-year high in June, underscoring resilient demand in the world's biggest bullion market after a plunge in international prices.
Overseas purchases rose a third month to about 173 tons, according to the latest customs data, the highest mark since March 2024. Cheaper prices and a stronger yuan kept investors interested, while banks were motivated to use up import quotas and stock up on bullion to meet retail commitments.
Alasdair Macleod: Gold and silver in wartime
Submitted by admin on Fri, 2026-07-24 09:17 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, July 24, 2026
Some analysts tell us that gold goes down in war. This is rubbish. Otherwise, why would countries in the past have suspended their gold standards at wartime?
GATA's Steer discusses moonshot options purchased on gold price
Submitted by admin on Thu, 2026-07-23 14:21 Section: Daily Dispatches2:23p ET Thursday, July 23, 2026
Dear Friend of GATA and Gold:
Interviewed yesterday by Dunagun Kaiser of the Liberty and Finance channel at You Tube, GATA board member Ed Steer, editor of Ed Steer's Gold and Silver Digest, discussed the strange way-out-of-the-money options that have been purchased on gold, apparently in anticipation of a major revaluation of the monetary metal. They also discussed changes in China's gold market and the general shift of gold purchases from West to East.
Economists figure out Indian central bank's currency market intervention
Submitted by admin on Wed, 2026-07-22 21:07 Section: Daily DispatchesIndia's RBI Llikely Used Dollar Deposit Surge
to Cut Record FX Forward Book, Economists Say
By Nimesh Vora
Reuters
Wednesday, July 22, 2026
MUMBAI -- The Reserve Bank of India has likely used part of the initial inflows from its foreign-currency deposit drive to unwind a portion of its massive foreign exchange forward book, economists said, helping the central bank reduce near-term obligations.
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Chinese banks halt retail paper gold trading: Risk mitigation or price discovery?
Submitted by admin on Wed, 2026-07-22 21:00 Section: Daily DispatchesBy Melissi Pistilli
Investing News Network, Vancouver
Wednesday, July 22, 2026
In a development causing a stir in the gold sector, Chinese banks are pulling the plug on retail paper gold trading.
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