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Daily Dispatches
We're close to winning but we need your help tonight
Submitted by admin on Sun, 2025-02-16 19:37 Section: Daily Dispatches7:36p ET Sunday, February 16, 2025
Dear Friend of GATA and Gold:
We are so close to victory now. Gold is all over mainstream financial news organizations now even as they strive not to expose the real reasons for the monetary metal's spectacular rise: the collapse of the derivatives-based gold price suppression system.
Gold price suppression is almost a respectable topic now, even if GATA is still not respectable enough to get mentioned by mainstream financial news organizations even as we pummel them every day with evidence of their dishonesty.
Zero Hedge urges Musk to audit gold at Fort Knox and Sen. Paul wants to help
Submitted by admin on Sun, 2025-02-16 19:12 Section: Daily DispatchesBy Ryan King
New York Post
Sunday, February 16, 2025
Elon Musk could get a golden audit.
The world's richest man got encouragement Sunday to bring his cost-cutting Department of Government Efficiency into one of the most secure places in the world: Fort Knox.
Sen. Rand Paul, R-Kentucky, called for a review of the vault’s massive gold reserves — worth an estimated $425 billion based on market rates -- in response to the tech mogul’s musings about the stash.
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Soaring gold becomes top 'Trump trade'
Submitted by admin on Sun, 2025-02-16 13:33 Section: Daily DispatchesAnd Barrick Gold CEO Mark Bristow acknowledges that gold isn't just money but the only reserve currency.
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By Leslie Hook and Ian Smith
Financial Times, London
Sunday, February 16, 2025
Gold has become the best performing "Trump trade" in recent weeks, outperforming other major asset classes since the U.S. president's inauguration, as fears of a trade war and a potential hit to global growth fuel demand for the haven metal.
Rise of dollar forwards builds risk for Asia's central banks
Submitted by admin on Sun, 2025-02-16 12:28 Section: Daily DispatchesFrom Bloomberg News
via The Hindu, Chennai, India
Central banks across Asia are increasingly using derivatives to protect their currencies against a strong dollar, raising questions over how long they can do so and whether they are just storing up trouble for the future.
Canada's Poilievre pitches natural-resource expansion to counter Trump
Submitted by admin on Sun, 2025-02-16 10:17 Section: Daily DispatchesBy Randy Thanthong-Knight and Jacob Lorinc
Bloomberg News
via Business Standard, New Delhi
Sunday, February 16, 2025
Canadian Conservative Leader Pierre Poilievre pledged to build an "east-west economy" with oil and gas pipelines stretching from Alberta to the Maritime provinces as part of a sweeping plan to respond to U.S. tariff threats.
In a major speech Saturday, the opposition leader aimed to persuade Canadians that he is the best candidate to lead the country in a looming tariff war with its largest trading partner.
Vizma Sprott, co-founder of Sprott Foundation, dies after long fight with cancer
Submitted by admin on Sat, 2025-02-15 15:35 Section: Daily DispatchesFrom the Toronto Star
Saturday, February 15, 2025
https://obituaries.thestar.com/obituary/vizma-sprott-1092644223
Vizma Sprott, born June 22, 1945, passed away peacefully on February 11, 2025, at her home in Toronto, surrounded by family, after a long fight with cancer.
Vizma is survived and missed by her loving husband, Eric, and two daughters, Juliana and Larisa.
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Jan Nieuwenhuijs: How the U.S. Treasury can cash in big using its gold revaluation account
Submitted by admin on Fri, 2025-02-14 16:05 Section: Daily DispatchesBy 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
Submitted by admin on Fri, 2025-02-14 09:02 Section: Daily DispatchesJack 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
Submitted by admin on Thu, 2025-02-13 16:31 Section: Daily DispatchesBy 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
Submitted by admin on Thu, 2025-02-13 11:56 Section: Daily Dispatches11:55a 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.
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