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Daily Dispatches
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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Uganda targets higher exports with first big gold mine (owned by China)
Submitted by admin on Sun, 2025-08-17 16:17 Section: Daily DispatchesBy Elias Biryabarema
Reuters
Sunday, August 17, 2025
KAMPALA, Uganda -- Uganda has inaugurated its first large-scale gold mine, a $250 million Chinese-owned project in the country's east that will also refine the bullion to 99.9% purity, according to a statement from the president's office.
The landlocked east African country, which has a variety of minerals including copper, cobalt, and iron ore, wants to expand its mining industry and position itself as a major gold producer and exporter.
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Another gold rush could bring open pit mines to South Dakota's Black Hills
Submitted by admin on Sun, 2025-08-17 09:37 Section: Daily DispatchesBy Sarah Raza
Associated Press
Saturday, August 16, 2025
SIOUX FALLS, South Dakota -- A gold rush brought settlers to South Dakota's Black Hills roughly 150 years ago, chasing the dream of wealth and displacing Native Americans in the process.
Now a new crop of miners driven by gold prices at more than $3,000 an ounce are seeking to return to the treasured landscape, promising an economic boost while raising fears of how modern gold extraction could forever change the region.
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Avery Goodman: China's new physical gold mandate for insurers will reshape the gold market
Submitted by admin on Sat, 2025-08-16 20:54 Section: Daily DispatchesBy Avery Goodman
Seeking Alpha, Ra'anana, Israel
Friday, August 15, 2025
China has launched an initiative that is likely to fundamentally alter the global gold market.
Its insurance regulator issued a regulatory directive requiring certain insurance companies to allocate a fixed minimum portion of their huge assets to physical gold. This is unprecedented.
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Chinese financial researchers lodge concerns over U.S. debt as Beijing limits exposure
Submitted by admin on Sat, 2025-08-16 20:46 Section: Daily DispatchesBy Sylvia Ma
South China Morning News, Hong Kong
Saturday, August 16, 2025
Calls for China to gradually reduce its exposure to U.S. dollar assets are growing louder as Washington's national debt continues to set records, reigniting persistent worries over the long-term sustainability of an investment formerly considered rock solid.
'King of American Coins' is found in 'grandpa's closet' after 70 years and is set to fetch $5 million
Submitted by admin on Sat, 2025-08-16 10:45 Section: Daily DispatchesBy Alexa Cimino
Daily Mail, London
Saturday, August 16, 2025
Where James A. Stack Sr. acquired it is a mystery that may never be solved, but for more than 70 years, one of the rarest coins in American history sat quietly in his family's collection.
Stack, a prominent New York banker and one of the most discerning coin collectors of the 20th century, began building his collection in the late 1930s with a bold goal: to assemble the most complete and highest-quality cabinet of U.S. coins possible.
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Von Greyerz and Turk discuss the disasters of the past that foretell the future
Submitted by admin on Fri, 2025-08-15 21:37 Section: Daily DispatchesFrom Von Greyerz Gold, Zurich
Friday, August 15, 2025
In an informal yet compelling conversation, two veterans of the precious metals space -- Egon von Greyerz and James Turk -- bring needed financial and historical perspective to evolving (and eerily foreseeable) cracks in the global financial system.
They reminisce upon a discussion they enjoyed nearly 15 years prior. Not surprisingly, much of what was discussed and warned about then (currency debasement, trapped banks, dangerous credit expansion, and rising gold) is playing out dramatically in real-time today.
Andrew Maguire interviews Andy Schectman on Kinesis Money's "LFTV"
Submitted by admin on Fri, 2025-08-15 21:14 Section: Daily Dispatches9:15p ET Friday, August 15, 2025
Dear Friend of GATA and Gold:
This week's edition of Kinesis Money's "Live from the Vault" program has London metals trader Andrew Maguire and coin and bullion dealer Andy Schectman discussing President Trump's desire to bring back manufacturing to the United States, the possible issuance of gold-backed U.S. Treasury securities, and the gold-denominated trade settlement mechanism developed by the BRICS countries.
The program is 55 minutes long and can be viewed at the Kinesis Money YouTube channel here:
Alasdair Macleod: The lull before the storm
Submitted by admin on Fri, 2025-08-15 13:43 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, August 15, 2025
Expectations for President Trump's meeting with President Putin in Alaska have been downplayed but have diverted attention from a stalling U.S. and global economy.
Any independent observer will note that the outlook for the dollar is deteriorating, credit risk is rising, and a debt trap is being sprung on the U.S. Treasury. Tonight's Alaska circus is a diversion from this reality.
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Kentucky and Wyoming legislators are the Sound Money Legislators of the Year
Submitted by admin on Thu, 2025-08-14 20:18 Section: Daily DispatchesFrom the Sound Money Defense League, Eagle, Idaho
Thursday, August 14, 2025
One of America's largest national precious metals dealers and the nation's leading sound-money public policy group today recognized two outstanding state lawmakers for their leadership in advancing sound money policies in 2025.
Money Metals Exchange, Sound Money Defense League, and Sound Money Foundation are excited to announce Kentucky Rep. TJ Roberts and Wyoming Sen. Bob Ide, both Republicans, as "2025 Sound Money Legislators of the Year."
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