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Daily Dispatches

Jan Nieuwenhuijs: How the U.S. Treasury can cash in big using its gold revaluation account

Section: Daily Dispatches

By Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Friday, February 14, 2025

The U.S. Treasury can draw up to $700 billion in new funding from its gold revaluation account at the Federal Reserve. And the Treasury could invest this "new money" in a sovereign wealth fund, increasing the money supply by an equal amount.

Wall Street talk of revaluing U.S. gold draws attention -- and skepticism

Section: Daily Dispatches

Jack Ryan, Yvonne Yue Li, and Saleha Mohsin
Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, February 13, 2025

The gold market attracts its share of fringe ideas, and in recent weeks one of them -- that the U.S. should revalue its gold stockpiles -- has gripped Wall Street.

The idea isn't under serious consideration among President Donald Trump's top economic advisers, according to a person familiar with the matter.

Brazil nixes BRICS currency, still seeks less reliance on dollar

Section: Daily Dispatches

By Marcela Ayres, Bernardo Caram, and Lisandra Paraguassu
Reuters
Thursday, February 13, 2025

BRASILIA -- Brazil's BRICS presidency will not advance a common currency for the group of major developing economies this year, four government officials said, but its agenda may pave the way for less reliance on the U.S. dollar in global trade.

That agenda could draw the ire of U.S. President Donald Trump, who has twice in recent months warned the BRICS group, founded by Brazil, Russia, India, and China, not to challenge the dominance of "the mighty U.S. dollar."

A brilliant study of gold revaluation by Myrmikan Capital's Dan Oliver

Section: Daily Dispatches

11:55a ET Thursday, February 13, 2025

Dear Friend of GATA and Gold:

Myrmikan Capital's Dan Oliver this week published a fascinating and brilliant study of gold revaluation and its use in the United States to create money for federal government operations and its potential consequences for international trade, the world financial system, and the status of the dollar as the world reserve currency.

Paul Brownstein: The final phase of the fiat currency disaster is here

Section: Daily Dispatches

7p ET Wednesday, February 12, 2025

Dear Friend of GATA and Gold:

In his commentary this week at his internet site, Charts and Parts, financial writer Paul Brownstein outlines what he calls the four phases of the international financial system since President Nixon broke the link between the U.S. dollar and gold in 1971.

Brownstein writes that we're now in the final stage, the "Oh, Sh**!" phases, wherein central banks that busily dishoarded their gold in the previous phases discover that there is nothing left in the toolbox but money printing.

CNBC notes speculation about U.S. gold revaluation

Section: Daily Dispatches

9:50a ET Wednesday, February 12, 2025

Dear Friend of GATA and Gold:

CNBC on Monday took note of speculation that the U.S. government might revalue its gold reserves as part of a scheme to improve the government's financial position. The noting came in a five-minute interview with fund manager Peter Boockvar, which is posted here:

South Korea's mint halts gold bar sales as supply tightens

Section: Daily Dispatches

By Sybilla Gross
Bloomberg News
Tuesday, February 11, 2025

South Korea's mint has temporarily suspended sales of gold bars, adding to signs of widespread tightness across markets for physical precious metals.

The Korea Minting and Security Printing Corp. said it is facing problems with sourcing supply and managing demand, and that it will try and resume sales as soon as possible, according to a notice on its website.

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Section: Daily Dispatches

12:06p ET Tuesday, February 11, 2025

Dear Friend of GATA and Gold:

Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.

Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.

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James Turk at King World News: Does Trump plan return to constitutional money? 

Section: Daily Dispatches

By James Turk
King World News
Monday, February 10, 2025

An article about gold in the Financial Times touched upon some of my current thinking, Eric. So now that the mainstream media dare consider a gold revaluation, I thought it was a good time to share my thoughts on it, but give it a spin and depth different from the FT.

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China frees possible $27 billion from insurers to buy gold

Section: Daily Dispatches

From Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, February 10, 2025

A pilot program in China that allows insurers to buy gold for the first time could free up billions of dollars of investment in the metal, adding further impetus to a record-setting rally. Prices hit a fresh peak.

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