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Daily Dispatches
Syria to revalue currency, dropping two zeros in bid for stability, sources tell Reuters
Submitted by admin on Fri, 2025-08-22 10:42 Section: Daily DispatchesBy Feras Dalatey
Reuters
Friday, August 22, 2025
DAMASCUS -- Syria will issue new banknotes, removing two zeros from its currency in an attempt to restore public confidence in the severely devalued pound, according to seven sources familiar with the matter and documents reviewed by Reuters.
The step is intended to strengthen the Syrian pound after its purchasing power collapsed to record lows following a 14-year conflict that ended with President Bashar al-Assad's ouster in December.
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Charlie Garcia: Here's the $863 billion secret Powell, Trump, and Bessent aren't telling us about gold and bitcoin
Submitted by admin on Thu, 2025-08-21 23:49 Section: Daily DispatchesBy Charlie Garcia
MarketWatch.com, New York
Thursday, August 21, 2025
S. Africa set to open first underground gold mine in 15 years
Submitted by admin on Thu, 2025-08-21 19:18 Section: Daily DispatchesBy William Clowes and Antony Sguazzin
Bloomberg News
via Mining.com, Toronto
Thursday, August 21, 2025
South Africa is set to open its first new underground gold mine in 15 years -- an increasingly rare event for a country that was once the world's largest producer of the precious metal.
Consider subscribing to GATA supporter Mike Ballanger's daily market letter
Submitted by admin on Thu, 2025-08-21 12:21 Section: Daily Dispatches12:40p ET Thursday, August 21, 2025
Dear Friend of GATA and Gold:
GATA long has been reading the daily market letter from our old friend Michael J. Ballanger in Canada, a letter that concentrates on the mining industry but often has a wider focus and, unlike most financial letters, acknowledges market manipulation. Your secretary/treasurer thinks it's a great letter and as you'll see below, Ballanger now is taking new subscribers again and is offering a substantial subscription fee discount to GATA supporters.
The illegal gold rush sweeping the world
Submitted by admin on Thu, 2025-08-21 10:47 Section: Daily DispatchesMaybe someday the Financial Times will report in just as much depth about the legal gold rush sweeping the world and the causes and players behind it, and particularly the players opposing it through market interventions.
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By Michael Pooler, Joe Daniels, Aanu Adeoye, Monica Mark, Chloe Cornish, and Leslie Hook
Financial Times, London
Wednesday, August 20, 2025
Switzerland's gold export surge highlights its U.S. trade dilemma
Submitted by admin on Thu, 2025-08-21 09:49 Section: Daily DispatchesBy Dylan Griffiths
Bloomberg News
via Yahoo News, Sunnyvale, California
Thursday, August 21, 2025
Swiss gold exports to the U.S. surged last month to the highest since March, underscoring the trade imbalance that prompted President Donald Trump to slap a 39% tariff on imports from the country.
Shipments of bullion from Switzerland, the biggest gold-refining hub, to America jumped to almost 51 tons in July, from less than 0.3 tons the previous month. This year's peak was recorded in January, when 193 tons of Swiss gold was shipped to the U.S.
GoldCore's Jan Skoyles sees far bigger threats to wealth than gold confiscation
Submitted by admin on Tue, 2025-08-19 20:56 Section: Daily Dispatches8:54p ET Tuesday, August 19, 2025
Dear Friend of GATA and Gold:
In her commentary for GoldCore today, Jan Skoyles explains why gold confiscation is far less a threat to investors and savers than financial repression, tax increases, and inflation, and why investors and savers can take good precautions against all those threats.
Her commentary is 16 minutes long and can be viewed at the GoldCore channel at YouTube here:
Gold gains traction in Islamic investing as rally spurs interest
Submitted by admin on Tue, 2025-08-19 10:27 Section: Daily DispatchesBy Yihui Xie
Bloomberg News
via News24, Cape Town, South Africa
Monday, August 18, 2025
In a small town an hour's drive from Malaysia's capital, a new, high-security vault illustrates the growing popularity of gold products and services designed to cater to Islamic principles.
Run by a subsidiary of Loomis AB, the Swedish cash- and bullion-handling company, together with local security firm E2S Group, the 20-ton facility in Nilai represents a push to tap into the nation's burgeoning Islamic bullion sector.
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Gold, not canola or coal, is China's top import from Canada, at least according to China
Submitted by admin on Mon, 2025-08-18 19:52 Section: Daily DispatchesChina is the world's leading gold-producing country, so why does it need to import gold from Canada? Is it because China sees gold as the world's once and future money?
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By Steven Chase
The Globe and Mail, Toronto
Monday, August 18, 2025
Gold bullion from Canada makes up a far greater portion of Chinese gold imports than is generally understood outside of China, according to data from the Asian country's customs agency that has drawn little notice outside of professional circles here.
The $1-billion gold mine bringing death to desperate villagers in Tanzania
Submitted by admin on Sun, 2025-08-17 16:34 Section: Daily DispatchesBy Jack Denton
The Sunday Times, London
Sunday, August 17, 2025
NYAMONGO, Tanzania -- It was the middle of the night and Chacha was bound hand and foot, hanging upside down from a bridge spanning the crocodile-infested Mara River.
He was there because of the gold.
Masked men had abducted Chacha from Nyamongo, a village near the North Mara gold mine, one of Tanzania's largest. He was transferred between police stations and tortured so badly he blacked out.
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