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Daily Dispatches
Gold standard advocate, Lincoln historian, and drug store chain founder Lewis Lehrman dies
Submitted by admin on Thu, 2026-04-09 14:41 Section: Daily DispatchesBy Joseph Berger
The New York Times
Friday, March 13, 2026
https://www.nytimes.com/2026/03/13/nyregion/lewis-e-lehrman-dead.html
Lewis E. Lehrman, who as a young man helped expand a family-owned Pennsylvania grocery business into Rite Aid, for years one of the nation’s largest drugstore chains, and then used his personal fortune to mount a surprisingly strong, though losing, bid to become the governor of New York in 1982, died on Wednesday at his home in Greenwich, Conn. He was 87.
Fort Knox is full of impure gold bars unfit for international transactions
Submitted by admin on Thu, 2026-04-09 10:06 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Thursday, April 9, 2026
The bulk of the U.S. gold reserves held in Fort Knox are made up of impure "non-standard" bars that don't qualify to be used in international settlements.
In practice, this means that most of America's massive gold stockpile is illiquid and wouldn't be readily accepted on the international market should the need arise.
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Trafigura enters Ghana gold sector with Bogoso-Prestea deal
Submitted by admin on Thu, 2026-04-09 08:45 Section: Daily DispatchesBy Noel John and Maxwell Akalaare Adombila
Reuters
Thursday, April 9, 2026
Global commodity trader Trafigura has signed a deal with Ghanaian mid-tier miner Heath Goldfields Ltd to buy 700,000 ounces of gold ore from the Bogoso–Prestea mine, the companies said in a statement today.
Shashi Tharoor: India sits atop 500 million tons of gold ore, so why isn't it being mined?
Submitted by admin on Thu, 2026-04-09 08:34 Section: Daily DispatchesBy Shashi Tharoor
NDTV.com, New Delhi, India
Thursday, April 9, 2026
We are a nation obsessed with gold, a civilisation that treats the yellow metal as both a spiritual necessity and the ultimate firewall against the vagaries of fortune. Yet, while we sit atop an estimated 500 million tons of unmined gold ore, our domestic production remains a rounding error on the global ledger.
As France pulls gold from the U.S., how can China develop into the next global gold hub?
Submitted by admin on Thu, 2026-04-09 08:26 Section: Daily DispatchesBy Sylvia Ma
South China Morning Post
Wednesday, April 8, 2026
As the French central bank repatriates gold reserves from the United States, analysts say China should seize this "strategic window" to develop itself into the next global gold hub.
Ghana awards Gold Fields' Damang mine lease to local firm Engineers & Planners
Submitted by admin on Wed, 2026-04-08 10:36 Section: Daily DispatchesBy Christian Akorlie and Emmanuel Bruce
Reuters
Tuesday, April 7, 2026
ACCRA -- Ghana has selected local mining services company Engineers & Planners Ltd to take over Gold Fields' Damang gold mine, the mines minister said Tuesday.
Ghana, which is seeking to boost local ownership in its mining sector, rejected Johannesburg-based Gold Fields' lease‑renewal bid and took control of the mine last year, breaking with years of automatic extensions.
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Aaron Brown: Gold keeps winning the battle with economists
Submitted by admin on Wed, 2026-04-08 10:29 Section: Daily DispatchesBy Aaron Brown
Bloomberg News
Wednesday, April 8, 2026
Gold is trading near $5,000 an ounce. And yet, in the middle of the U.S. and Israeli war on Iran and as foreign central banks sell Treasuries to defend their currencies and bond yields rise instead of fall, the precious metal has barely budged even as the world's monetary authorities -- the very institutions built to make gold obsolete -- buy it at the fastest pace in a generation.
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New York City mayor declares war on gold
Submitted by admin on Tue, 2026-04-07 13:06 Section: Daily DispatchesBy Jp Cortez
Money Metals News Service, Eagle, Idaho
Monday, April 6, 2026
On the heels of a credit outlook downgrade for New York City, Mayor Zohran Mamdani and the state legislature have just declared war on the financial center's vibrant gold bullion market.
Global credit ratings agency Moody’s dropped the Big Apple’s outlook from “stable” to “negative,” releasing a statement:
Jamie McGeever: Oil shock turbocharges FX intervention risk in Asia
Submitted by admin on Tue, 2026-04-07 10:43 Section: Daily DispatchesBy Jamie McGeever
Reuters
Tuesday, April 7, 2026
Several Asian countries, including India and the Philippines, have already intervened in the foreign exchange market to support their currencies since the Iran war broke out. They're unlikely to be the last.
Asia, which imports 60% of its crude oil from the Middle East, is the continent most exposed to the energy shock triggered by the Iran war. Brent crude prices have soared 55% since the conflict broke out on February 28.
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Sales tax increase pushes Washington state gold dealer to flee to Idaho
Submitted by admin on Tue, 2026-04-07 10:18 Section: Daily DispatchesFrom the John Curley Show
KIRO-FM97.3, Seattle
Monday, April 6, 2026
A new 10.3% sales tax on purchases of gold and silver in Washington State went into effect on Jan. 1 following the passage of Senate Bill 5794. As a result, many gold and silver dealers have chosen to flee the state for greener pastures. Among them is Craig Rhyne, owner of Washington Gold Exchange, who packed up shop and is moving to Idaho.
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