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Daily Dispatches

Dimitri Speck: Silver high -- Where was it in 1980, how did it develop in 2011, and is a bear market looming?

Section: Daily Dispatches

By Dimitri Speck
SilverSeek.com
Saturday, November 1, 2025

Most recently, in October 2025, the silver price rose above $50 per troy ounce. Silver had already reached this level in 1980 and then again in 2011. On both occasions, this was followed by a prolonged decline in prices. Some investors are therefore wondering whether such a decline is looming again. To answer this question, let us first take a closer look at the situation at that time.

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Dave Russell: The people's gold standard

Section: Daily Dispatches

By Dave Russell
GoldCore, Dublin
Friday, October 31, 2025

Across Russia household wealth is undergoing a transformation. 

Citizens who once saved in euros and dollars are now accumulating small bars, coins, and jewelry. What began as a reaction to sanctions and currency restrictions has evolved into a structural change in how Russians perceive and preserve wealth. 

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Alasdair Macleod: Game on for gold and silver

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Friday, October 31, 2025

Despite recent weakness in gold and silver, the early indications are that the current consolidation phase is unlikely to last long before prices resume their uptrend.

It may be too early to conclude that after the shakeout of the last two weeks we have seen the bottom in gold and silver prices. But current physical liquidity constraints and the reasons for buying gold and silver have not gone away, suggesting that prices are being set up for another run higher.

You don't have to know what it means to miss New Orleans, so join GATA there

Section: Daily Dispatches

1:40p CT Friday, October 31, 2025

Dear Friend of GATA and Gold (and Silver):

In 1947 Billie Holiday and Louis Armstrong asked the musical question: Do you know what it means to miss New Orleans?:

https://www.youtube.com/watch?v=7ftMumYGwxI

BIS gold swaps rose 24 tonnes in September but trend remains sharply down

Section: Daily Dispatches

1p CT Friday, October 31, 2025

Dear Friend of GATA and Gold:

Gold swaps undertaken by the Bank for International Settlements, a major gold broker for central banks, increased 24 tonnes in September, from 30 tonnes to 54, GATA's consultant on the bank, Robert Lambourne, reports.

Lambourne calculated the BIS' swaps volume from the bank's September statement of account, which was published today:

https://www.bis.org/banking/balsheet/statofacc250930.pdf

Ambrose Evans-Pritchard: Is the Fed quietly abetting a reckless monetary and fiscal boom?

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, October 30, 2025

If you thought quantitative easing was dead and buried, you may soon be in for a shock.

The U.S. Federal Reserve is preparing the ground for a rapid return to net bond purchases, deeming it necessary to ensure sufficient liquidity for the financial system.

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China targets iron ore in its fight to dethrone the dollar

Section: Daily Dispatches

From OilPrice.com, London
Wednesday, October 29, 2025

In a landmark move that could reshape global commodity markets and impact iron ore prices, BHP Billiton has agreed to settle 30% of its iron ore spot trades with Chinese buyers in Chinese yuan. This represents a significant departure from the longstanding U.S. dollar standard. Set to begin in Q4 2025, the shift marks a strategic pivot in Australia-China trade relations. It also signals China's growing influence in global pricing mechanisms.

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Ohio legislators propose state currency backed by silver and gold

Section: Daily Dispatches

By Katie Millard
WCMH-TV4, Columbus, Ohio
Wednesday, October 29, 2025

Ohioans could soon buy their groceries or morning coffee with silver and gold instead of the American dollar.

House Bill 206, introduced by Reps. Jennifer Gross, R-West Chester, and Riordan McClain, R-Ashland, would establish a state currency based on gold and silver. The bill directs the state treasurer to set up a transactional currency rooted in silver and gold to address concerns with the value of the U.S. dollar.

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India's central bank hastens repatriation of gold held abroad

Section: Daily Dispatches

From Bloomberg News
via The Hindu, Chennai, India
Wednesday, October 29, 2025

The Reserve Bank of India brought back nearly 64 tons of gold in the first six months of the financial year that began in April, it said in a half-yearly report on foreign exchange reserves Tuesday. 

In value terms, gold accounted for 13.92% of total reserves at the end of September, up from 11.70% at the end of March. The RBI generally keeps part of its gold overseas, held at the Bank of England and the Bank for International Settlements.

Russians are hoarding gold equal to Spain's reserves, study shows

Section: Daily Dispatches

By Andrey Biryukov
Bloomberg News
Wednesday, October 19, 2025

Russian consumers' gold purchases are set to equal the state reserves of Spain or Austria after the metal has become one of the nation's most popular savings options during the past four years, according to a study.

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