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Daily Dispatches
Stuart Englert: Bullion stackers are the ultimate savers
Submitted by admin on Thu, 2025-07-17 15:12 Section: Daily DispatchesBy Stuart Englert
StuartEnglert.substack.com
Thursday, July 17, 2025
When it comes to money, two kinds of people exist: spenders and savers.
Precious metal stackers are in a league of their own. They're the most farsighted, knowledgeable, and patient of savers.
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New state laws pave the way for using gold as legal tender
Submitted by admin on Thu, 2025-07-17 15:02 Section: Daily DispatchesAnd somehow The Washington Post has noticed.
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By Shannon Najmabadi
The Washington Post
via MSN News, Redmond, Washington
Thursday, July 17, 2025
Imagine you're in the supermarket checkout line. The cashier scans and bags your groceries as usual, then offers you a new way to pay: "Cash, card ... or gold?"
The scenario may sound far-fetched. But people in Missouri, Texas, and other states will be able to buy household items with gold and silver under a series of new laws that treat precious metals like currency.
China looks to Africa as testing ground for globalizing yuan
Submitted by admin on Thu, 2025-07-17 10:36 Section: Daily DispatchesBy Jevans Nyabiage
South China Morning Post, Hong Kong
Wednesday, July 16, 2025
China appears to be positioning Africa as a testing ground for internationalisation of the yuan as it seeks to expand the currency’s global use and break the dominance of the U.S. dollar.
China may be secretly stockpiling gold. Why that spells trouble for the U.S. dollar
Submitted by admin on Thu, 2025-07-17 08:52 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch, New York
Thursday, July 17, 2025
China's central bank has been buying physical gold to add to its reserves for at least the past three years -- and there's growing speculation that the country may be purchasing even more of the metal in secret as part of a strategy to reduce its reliance on the U.S. dollar.
The ramp-up in gold purchases by the People's Bank of China began back in 2022 when Russia invaded Ukraine, Jan Nieuwenhuijs, gold analyst at Money Metals, told MarketWatch.
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Brien Lundin: This is the year for metals, and the New Orleans Investment Conf.
Submitted by admin on Wed, 2025-07-16 13:30 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
New Orleans Investment Conference
Wednesday, July 16, 2025
This year's New Orleans Investment Conference is coming up quickly -- and the excitement over the metals and mining markets adds more urgency than usual for those hoping to attend.
Our registrations for this year are already well ahead of anything we've seen for many years, and I expect a bustling crowd that could eat up our entire hotel room block.
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Barrick may sell its last Canadian gold mine to Discovery Silver
Submitted by admin on Tue, 2025-07-15 20:40 Section: Daily DispatchesBy Jacob Lorinc and Paula Sambo
Bloomberg News
Tuesday, July 15, 2025
Barrick Mining Corp. is in advanced talks to sell its last Canadian gold mine to Discovery Silver Corp., according to people familiar with the matter, as the firms seek to capitalize on the soaring price of the precious metal.
Discovery Silver is in the final stages of a process Barrick launched in April to sell the Hemlo gold mine in Ontario, according to the people, who asked not to be named.
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Ghana moves to hedge gold export prices to protect growth of reserves
Submitted by admin on Tue, 2025-07-15 20:32 Section: Daily DispatchesBy Moses Mozart Dzawu
Bloomberg News
via Mining Weekly, Bedfordview, South Africa
Tuesday, July 15, 2025
Ghana is working on a programme to hedge the price of gold exports as it seeks to shield earnings that have bolstered the central bank’s foreign reserves from future volatility, Bank of Ghana Governor Johnson Asiama said.
Increased production and higher prices have helped Africa’s top gold miner to boost gross international reserves to $11.1-billion, Asiama said today in the capital, Accra. The buffer is enough to cover 4.8 months of imports, he said.
Central banks increasingly buy gold from local mines as prices surge
Submitted by admin on Tue, 2025-07-15 20:20 Section: Daily DispatchesBy Lee Ying Shan
CNBC, New York
Tuesday, July 15, 2025
Central banks are increasingly looking to bolster their gold reserves. And they are turning to mines in their backyard to source the yellow metal.
Besides being cheaper, securing gold directly from mines helps support local industry and bolsters reserves without weighing on foreign exchange reserves, experts said.
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Cyrille Jubert: China and the revaluation of precious metals
Submitted by admin on Mon, 2025-07-14 13:40 Section: Daily DispatchesBy Cyrille Jubert
GoldBroker, London
Monday, July 14, 2025
Remember the cycles of the mining industry.
For multiple reasons,the price of extracted ore tends to fall, particularly due to competition. Thus, as a mine is operated, the metal content generally decreases, reducing its profitability until the company decides to close it. There are therefore periods during which the extraction of a particular metal is no longer profitable, leading to a sharp drop in production, and then, gradually, a shortage.
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Mongolia's central bank joins the international gold price management scheme
Submitted by admin on Mon, 2025-07-14 12:54 Section: Daily Dispatches12:52p ET Monday, July 14, 2025
Dear Friend of GATA and Gold:
In an essay posted today by the Official Monetary and Financial Institutions Forum, two officials of Mongolia's central bank report that the bank considers gold to be international money, is managing its gold reserves separately from the rest of its foreign exchange reserves, and admit that the bank is working with other central banks and London Bullion Market Association banks to help manage the gold price.
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