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Daily Dispatches
Adam Sharp: Is gold cooked? No way!
Submitted by admin on Fri, 2025-09-12 18:43 Section: Daily DispatchesBy Adam Sharp
Daily Reckoning, Baltimore
Friday, September 12, 2025
A tricky gold chart is making the rounds on social media.
The Bloomberg chart in question shows that gold just surpassed its 1980 all-time high, if you adjust for CPI (official government inflation).
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Poland's central bank to boost gold reserves to 30% of assets
Submitted by admin on Fri, 2025-09-12 07:56 Section: Daily DispatchesFrom Investing.com, Nicosia, Cyprus
Thursday, September 11, 2025
Poland's central bank announced Wednesday plans to increase its gold holdings to 30% of its reserve assets, aiming to strengthen the country's financial security.
The National Bank of Poland said the timing and volume of gold purchases would be determined by market conditions.
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'Paper gold' is over, Frank Giustra tells Colorado metals conference
Submitted by admin on Fri, 2025-09-12 07:21 Section: Daily DispatchesBy Henry Lazenby
The Northern Miner, Toronto
Thursday, September 11, 2025
BEAVER CREEK, Colorado -- Canadian dealmaker Frank Giustra says the age of paper gold is ending as BRICS nations stand up a parallel financial system that routes around the U.S. dollar and prizes deliverable metal.
Swiss boost Trump trade deal with idea for gold refinery in U.S., sources tell Reuters
Submitted by admin on Thu, 2025-09-11 18:27 Section: Daily DispatchesBy Dave Graham
Reuters
via Yahoo News, Sunnyvale, California
Thursday, September 11, 2025
ZURICH -- Switzerland is proposing that its gold industry should build a refinery in the United States or increase its processing capacity there as part of a plan to reduce U.S. trade tariffs, according to two people familiar with the matter.
President Donald Trump on August 7 slapped 39% tariffs on Swiss goods imports due to the U.S. trade deficit with Switzerland, which scrapped its own industrial tariffs at the start of last year.
Barrick sells its last gold mine in Canada for $1.1 billion
Submitted by admin on Thu, 2025-09-11 07:54 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Wednesday, September 10, 2025
Barrick Mining Corp. agreed to sell its last gold mine in Canada for as much as $1.1 billion as the global mining giant capitalizes on surging bullion prices and accelerates a shift toward copper.
The purchase of the Hemlo Gold Mine by Carcetti Capital Corp. will give Barrick $875 million in cash plus Carcetti shares valued at $50 million on completion, according to a statement late Wednesday. A further $165 million of later cash payments are contingent on gold price thresholds.
Bolivia's central bank keeps selling gold it doesn't quite have yet
Submitted by admin on Wed, 2025-09-10 18:37 Section: Daily DispatchesBolivia Raises $589 Million Against Future Gold Deliveries
By Sergio Mendoza
Bloomberg News
Wednesday, September 10, 2025
Dollar-strapped Bolivia is relying on increasingly sophisticated operations to raise hard currency that it can use to pay its foreign debt.
In recent months the Bolivian central bank has raised $589 million against the delivery in a year's time of 5.4 tons of gold, it said in a report published this month.
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BIS gold swaps fell from 34 tonnes in July to 30 in August
Submitted by admin on Tue, 2025-09-09 11:17 Section: Daily Dispatches11:19a ET Tuesday, September 9, 2025
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements fell in August by four tonnes, from 34 in July to 30 at the end of last month, according to the bank's monthly report, published this week --
https://www.bis.org/banking/balsheet/statofacc250831.pdf
-- and to calculations made from the report by GATA consultant Robert Lambourne.
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Anglo American to merge with Teck Resources in second-largest mining deal ever
Submitted by admin on Tue, 2025-09-09 10:55 Section: Daily DispatchesBy Clara Denina
Reuters
Tuesday, September 9, 2025
LONDON -- London-listed miner Anglo American and Canada's Teck Resources plan to merge, the two companies said today, marking the sector's second-biggest merger and acquisition deal ever and forging a new global copper-focused heavyweight.
Under the proposed deal, which still needs regulatory approval, Anglo American shareholders would own 62.4% of the newly combined company, Anglo Teck, while shareholders in Teck will hold 37.6%.
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Toby Nangle: Do central banks really have more gold than U.S. Treasury bonds?
Submitted by admin on Tue, 2025-09-09 09:11 Section: Daily DispatchesIf not, it at least has gotten close.
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By Toby Nangle
Financial Times, London
Tuesday, September 9, 2025
Some people have been getting excited about a chart purporting to show central banks owning more gold than U.S. Treasuries. Even Financial Times contributing editor Mohamed El-Erian recirculated it on LinkedIn.
Could this signal an inflection point for the post-Bretton Woods world?
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Putin adviser says U.S. plans to wipe out its $35 trillion debt by using crypto and gold market
Submitted by admin on Mon, 2025-09-08 16:45 Section: Daily DispatchesBy Manu Kaushik
The Times of India, Mumbai
Monday, September 8, 2025
Anton Kobyakov, a senior adviser to Russian President Vladimir Putin, has alleged that the United States is orchestrating a scheme to offload its $35 trillion national debt by leveraging cryptocurrencies and gold.
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