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Daily Dispatches
Ghana launches task force to curb gold smuggling losses
Submitted by admin on Wed, 2025-07-09 18:51 Section: Daily DispatchesBy Emmanuel Bruce
Reuters
Wednesday, July 9, 2025
ACCRA -- Ghana President John Dramani Mahama on Tuesday launched a task force backed by security forces to address illegal gold trading, as Africa's top producer seeks to recover billions of dollars lost to smuggling.
The task force is Ghana's first national anti-gold smuggling initiative. The government has previously launched efforts to sanitize artisanal mining, but these were unsuccessful in curbing illegal extraction and preventing revenue losses that plague most African gold producers.
Mali plans to sell gold reserves at Barrick complex to fund restart operations
Submitted by admin on Tue, 2025-07-08 10:00 Section: Daily DispatchesBy Divya Rajagopal, Portia Crowe, and Tiemoko Diallo
Reuters
Tuesday, July 8, 2025
The Malian court-appointed administrator of Barrick Mining's Loulo-Gounkoto complex plans to sell one metric ton of gold from the site's storeroom as operations commence again after an almost six-month suspension, two sources told Reuters.
Canadian miner Barrick Gold temporarily halted mining operations in January after the Malian government seized gold stocks from the Loulo-Gounkoto complex.
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Today's edition of Ed Steer's Gold and Silver Digest posted in the clear at SilverSeek
Submitted by admin on Tue, 2025-07-08 09:30 Section: Daily Dispatches9:28a ET Tuesday, July 8, 2025
Dear Friend of GATA and Gold:
Today's edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "World's Bullion Banks Net Short 50% of Total Silver Open Interest" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/worlds-bullion-banks-net-short-50-total-silver-open-interest
Michael S. Milano: Privacy and fungibility are the forgotten virtues of sound money
Submitted by admin on Mon, 2025-07-07 22:00 Section: Daily DispatchesBy Michael S. Milano
The Mises Institute
Auburn, Alabama
Saturday, July 5, 2025
https://mises.org/mises-wire/privacy-and-fungibility-forgotten-virtues-sound-money
Long before the Blockchain Era, a landmark Scottish lawsuit posed a question that still echoes today: Can money carry memory -- or must it forget?
International journalist Michelle Makori brings 'The Real Story' to Miles Franklin
Submitted by admin on Mon, 2025-07-07 19:11 Section: Daily Dispatches7:09p ET Monday, July 7, 2024
Dear Friend of GATA and Gold:
International journalist Michelle Makori, who may be best known to followers of the monetary metals for her news anchor work at Kitco.com, has joined the YouTube channel of bullion dealer Miles Franklin as host of a recurring program called "The Real Story."
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Brien Lundin: Insuring against a catastrophe that is certain
Submitted by admin on Mon, 2025-07-07 18:45 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, July 7, 2025
I occasionally give presentations on gold and silver to audiences that aren't familiar with the sector.
So I try to include as much of the basic rationale for owning the monetary metals, stressing that there are two distinct reasons to do so -- as insurance and as an investment.
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China's central bank keeps buying gold as reserves grow for eighth straight month
Submitted by admin on Mon, 2025-07-07 15:30 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Monday, July 7, 2025
China added to its official gold reserves for an eighth straight month in June, as prices of the precious metal traded near a record high.
Bullion held by the People's Bank of China rose by 70,000 troy ounces last month, according to data released today. Its gold reserves have climbed by 1.1 million troy ounces -- or about 34.2 tons -- since the current run of purchases began in November last year.
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China snaps up mines around the world in rush to secure resources
Submitted by admin on Sun, 2025-07-06 09:37 Section: Daily DispatchesBy Camilla Hodgson, Leslie Hook, and Edward White
Financial Times, London
Sunday, July 6, 2025
Chinese mining acquisitions overseas have hit their highest level in more than a decade as companies race to secure the raw materials that underpin the global economy in the face of mounting geopolitical tension.
Only JPM and Citi are long-term short in gold, trading for Fed, Maguire tells LFTV
Submitted by admin on Fri, 2025-07-04 17:41 Section: Daily Dispatches5:40p ET Friday, July 4, 2025
Dear Friend of GATA and Gold:
JPMorganChase and Citibank and the only two bullion banks with long-term short exposure in the gold market and are trading for the Federal Reserve, London metals trader Andrew Maguire tells the TF Metals Report's Craig Hemke on this week's edition of Kinesis Money's "Live from the Vault" program.
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Alasdair Macleod: First half 2025 analysis of the precious metals
Submitted by admin on Fri, 2025-07-04 16:32 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, July 4, 2025
It’s been a spectacular 2025 for precious metals so far. Will it continue into H2? With fiat currencies losing credibility, the answer is a resounding yes.
In quiet trading during a week foreshortened by U.S. Independence Day, gold has held up well, while silver has been squeezed higher. In European trading this morning, gold was $3,340, up $65 from last Friday's close, and silver at $36.80 was up 86 cents.
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