U.S. gains control of Venezuela's gold quarantined at Bank of England
Submitted by admin on Sun, 2026-08-16 18:07 Section: Daily DispatchesLooks like it will be sold to purchase dollars to be used for earthquake relief
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International Auditing Firms Will Monitor the Use of Funds Derived from Gold Blocked in England
From Banca y Negocios, Caracas
Saturday, August 15, 2026
The funds derived from the eventual release of the Venezuelan gold bars frozen at the Bank of England will be deposited into an account of the United States Treasury Department and their use in the country will be audited by qualified international companies.
New surveys show central banks are ditching the dollar, buying gold instead
Submitted by admin on Sun, 2026-08-16 11:49 Section: Daily DispatchesBy Laura Grande
Associated Press
via Yahoo News, Sunnyvale, California
Sunday, August 16, 2026
Central banks are still piling into gold -- and new surveys suggest they're also preparing to reduce their exposure to the U.S. dollar over the longer term.
That's the takeaway from a new survey of global reserve managers. The Official Monetary and Financial Institutions Forum (OMFIF) says it's the first time its survey has found more central banks planning to reduce their dollar exposure over the next decade than increase it.
Global finance still looks like a 'giant Jenga tower' propped up by a Japanese yen that's in deep trouble
Submitted by admin on Sun, 2026-08-16 11:43 Section: Daily DispatchesBy Jason Ma
Fortune, New York
Saturday, August 15, 2026
The first U.S.-Japan joint intervention in three decades aimed at boosting the yen has come and gone without doing much to ease anxiety in currency markets.
Treasury Secretary Scott Bessent's notepad suggested the U.S. bought $5 billion-$10 billion worth of yen, while Japan's move topped $50 billion. The exchange rate initially strengthened to about 157 yen per dollar from nearly 164, but has since given back some gains and hovered around 159 on Friday.
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Covert Mideast oil flows are keeping global prices in check
Submitted by admin on Sun, 2026-08-16 11:35 Section: Daily DispatchesBy Alex Longley, Anthony Di Paola, Grant Smith, and Weilun Soon
Bloomberg News
Sunday, August 16, 2026
Middle Eastern oil producers are pressing ahead with shuttling large volumes of crude out of the Persian Gulf, helping keep a lid on prices and assuaging fears of an energy-driven inflation spike, even as the Iran war drags on.
The trade of ferrying oil through the Strait of Hormuz undetected to transfer the barrels onto tankers in the Gulf of Oman is running at full tilt, despite recent attacks on vessels, people with knowledge of the shipments said.
Money Metals honors Idaho hero Jordan Salinas with 25-ounce Silver Bullet Award
Submitted by admin on Sat, 2026-08-15 16:53 Section: Daily DispatchesGun rights are human rights too.
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From Money Metals News Service, Eagle, Idaho
Friday, August 14, 2026
EAGLE, Idaho -- Money Metals Exchange will today honor Jordan Salinas, whose armed intervention during the August 1st mass shooting in Twin Falls, Idaho, was credited by police with helping prevent further casualties, with a specially engraved 25-ounce Silver Bullet Award at a private ceremony inside Money Metals' secure vaulting facility in Eagle.
Battle Bank: Could U.S. confiscate gold again? A sober look at a persistent fear
Submitted by admin on Sat, 2026-08-15 08:39 Section: Daily Dispatches8:42a ET Saturday, August 15, 2026
Dear Friend of GATA and Gold:
Battle Bank in Islandia, N.Y., whose board of directors includes mining entrepreneur Rick Rule, has published an excellent history of gold confiscation by government through the centuries, along with a similarly excellent analysis of why a confiscation like the one attempted by the U.S. government in 1933 is not likely.
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