Man in Italy accidentally trashes 20 gold bars worth $140,000
Submitted by admin on Mon, 2026-02-16 14:18 Section: Daily DispatchesThanks to heroic police and sanitation workers, he got them back. But now everybody knows where they are.
* * *
By Gabrielle Rockson
People Magazine, New York
Monday, February 16, 2026
A man in Italy accidentally threw 20 bars of gold into the garbage.
On Thursday, Feb, 12, the police revealed that a 57-year-old man in southern Italy took out his trash without realizing that his gold, worth around 120,000 euros ($142,000), was inside, according to Corriere della Sera, Reuters, and Italien News.
... Dispatch continues below ...
Soaring gold price forces vaults to reduce insurance cover
Submitted by admin on Mon, 2026-02-16 11:04 Section: Daily DispatchesBy Lee Harris
Financial Times, London
Monday, February 16, 2026
Soaring gold prices are prompting some vault operators to leave larger values of bullion uninsured, as their holdings approach the limits of available cover, insurance brokers have told the Financial Times.
Barry Vickery from broker Howden said that although cover for a single storage location had risen from an average $3 billion maximum a few years ago to as much as $5 billion, the historic gold rally was changing industry behaviour.
... Dispatch continues below ...
BIS gold swaps nearly doubled in January amid growing turmoil in market
Submitted by admin on Sun, 2026-02-15 11:40 Section: Daily Dispatches11:49a ET Sunday, February 15, 2026
Dear Friend of GATA and Gold:
After a year of remaining steady at a low level, the gold swaps undertaken by the Bank for International Settlements nearly doubled in January amid growing turmoil in the gold market, from 56 tonnes in December to 106 tonnes, according to GATA's consultant on the BIS, Robert Lambourne.
... Dispatch continues below ...
... ADVERTISEMENT ...
Why Chinese families are doubling down on precious metals
Submitted by admin on Sat, 2026-02-14 20:51 Section: Daily DispatchesBy He Huifeng
South China Morning Post, Hong Kong
Saturday, February 14, 2026
People across China are buying up gold in large volumes ahead of the Lunar New Year holiday, as surging prices for the precious metal fuel its popularity as both a festive gift and an investment.
Matt Badiali: A generational opportunity in miners
Submitted by admin on Fri, 2026-02-13 19:10 Section: Daily DispatchesBy Matt Badiali
Daily Reckoning, Baltimore
Friday, February 13, 2026
The selloff in gold miners this week has shaken out the hedge funds and momentum traders.
That's fine, because over the next few years they're going to miss something special.
... Dispatch continues below ...
... ADVERTISEMENT ...
Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico
Silver smashes are just derivatives and metal is still scarce, Maguire tells LFTV
Submitted by admin on Fri, 2026-02-13 12:22 Section: Daily Dispatches12:20p ET Friday, February 13, 2026
Dear Friend of GATA and Gold:
The recent smashes of the silver price have been entirely matters of derivatives trading to facilitate short-covering and the metal remains in great scarcity, London metals trader Andrew Maguire tells this week's episode of Kinesis Money's "Live from the Vault" program. Additionally, Maguire says, the People's Bank of China is preparing what will be essentially a monetization of silver.
The program is 45 minutes long and can be seen at the Kinesis Money channel at YouTube here:
