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Daily Dispatches
A chaotic gold rush is helping Bolivia prop up its finances
Submitted by admin on Thu, 2025-08-14 20:00 Section: Daily DispatchesBy Sergio Mendoza, James Attwood, and Marcelo Rochabrun
Bloomberg News
Thursday, August 14, 2025
It's been a puzzling phenomenon for a while now: Bolivia is facing a crippling dollar shortage, a local currency crisis and surging inflation -- and yet it's still honoring its debts.
Cyrus Cole: China's golden shift and its global impact
Submitted by admin on Thu, 2025-08-14 19:11 Section: Daily DispatchesBy Cyrus Cole
AI Invest, New York
Wednesday, July 23, 2025
China's gold market is undergoing a seismic shift. What was once a market dominated by jewelry demand -- a cultural cornerstone of wealth and status -- is pivoting toward investment-grade gold -- bars and coins. This transition, driven by economic uncertainty, institutional mandates, and a broader de-dollarization strategy, has profound implications for global gold investors. ...
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Gold rush hits Trump-era Washington, from prices to the Oval Office
Submitted by admin on Thu, 2025-08-14 14:47 Section: Daily DispatchesBy Andrew Ackerman
The Washington Post
via MSN News, Redmond, Washington
Thursday, August 14, 2025
Donald Trump promised Americans a golden age. In one way, he's already delivered: gold is glittering like never before.
Over the past year, the price of the precious metal has surged by roughly 35 percent, vastly outstripping gains in the overall stock market. Investors are increasingly turning to the metal — used as a safe financial asset for millennia — amid mounting economic uncertainty and heavy buying by central banks seeking to diversify their reserve holdings.
Bernhard Schnellmann: The gold market is too important to be left to private clubs
Submitted by admin on Thu, 2025-08-14 08:16 Section: Daily DispatchesIs it too important to be left to be left to governments as well?
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By Bernhard Schnellmann
Financial Times, London
Thursday, August 14, 2025
While gold continues to serve as a trusted store of value for investors and central banks alike, the institutions underpinning the global gold market remain largely private, opaque, and under-regulated.
Gold Reserve, Vitol battle for Citgo's parent before sale hearing
Submitted by admin on Tue, 2025-08-12 16:22 Section: Daily DispatchesBy Marianna Parraga
Reuters
Monday, August 11, 2025
HOUSTON -- Subsidiaries of miner Gold Reserve and commodities trader Vitol are nearing the finish line in a fiercely contested U.S. court-organized auction that will determine control of Venezuela-owned U.S. refiner Citgo Petroleum, according to two sources with knowledge of the process and court filings.
Ultra-wealthy are piling into a centuries-old gold trade in Asia
Submitted by admin on Tue, 2025-08-12 11:43 Section: Daily DispatchesBy Diana Li and Sybilla Gross
Bloomberg News
via The Business Times, Singapore
Tuesday, August 12, 2025
HONG KONG -- In Asia's ultra-wealthy circles, some family offices are now bypassing the middlemen and jumping into the gold business itself. They are financing, shipping, and flipping bullion like traders.
Take Cavendish Investment, a multi-family office run by the former chairman of a Hong Kong jewelery company, which is allocating roughly a third of its portfolio this year to the physical gold trade, going a step beyond index trackers and vault holdings.
Global 'mining mafia' feeds China's appetite for gold, Washington Post investigation shows
Submitted by admin on Tue, 2025-08-12 11:35 Section: Daily DispatchesBy Rebecca Tan
The Washington Post
Tuesday, August 12, 2025
LANTUNG VILLAGE, Indonesia -- Hilltop after hilltop in this remote part of Indonesia is being scalped of vegetation. On the horizon, excavators lumber forward, gouging out rocks veined yellow. Nearby, milky chemicals collect in Olympic pool-sized trenches.
This is the work of Chinese mining syndicates flush with capital and connections, Indonesian investigators say. And virtually none of it is legal.
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BIS gold swaps held steady at 34 tonnes in July, GATA's Robert Lambourne reports
Submitted by admin on Mon, 2025-08-11 20:50 Section: Daily Dispatches8:55p ET Monday, August 12, 2025
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements, the central bank of the central banks and often their broker in the gold market, fell slightly in July, by about 14,000 ounces, but, rounded off, remained at June's 34-tonne mark, according to GATA consultant Robert Lambourne.
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Trump says tariffs won't be imposed on gold after all
Submitted by admin on Mon, 2025-08-11 15:36 Section: Daily DispatchesFrom Reuters
Monday, August 11, 2025
President Donald Trump said today he would not impose tariffs on gold, a move welcomed by global bullion markets that ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat.
"Gold will not be tariffed!" Trump said in a statement posted on his social media account. He gave no details.
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Ed Steer's weekend letter is posted at SilverSeek
Submitted by admin on Mon, 2025-08-11 13:52 Section: Daily Dispatches1:50p ET Monday, August 11, 2025
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "A Commitment of Traders Surprise in Silver" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/cot-surprise-silver
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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