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Daily Dispatches

Mike Maharrey: Who in his right mind would hold dollars now?

Section: Daily Dispatches

By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Monday, October 6, 2025

Nobody in their right mind would hold their reserves in dollars.

That's the conclusion of Catalyst Funds CIO David Miller. And he's right.

Gold is up over 87% since January 2024 and is knocking on the door of $4,000 an ounce. But even with the rapid price surge, Miller said gold is not overpriced.

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Ed Steer's Gold and Silver Digest weekend edition is posted at Silver Seek

Section: Daily Dispatches

10:10a ET Sunday, October 5, 2025

Dear Friend of GATA and Gold:

The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "16.56 Million Oz. of Silver Withdrawn From SLV In the Last 3 Days" and is posted in the clear at SilverSeek here:

https://silverseek.com/article/1656-million-oz-silver-withdrawn-slv-last-3-days

Craig Hemke: Gold and silver shortages are exploding

Section: Daily Dispatches

By Craig Hemke
Sprott Money, Toronto
Wednesday, October 1, 2025

As September 2025 came to a close, gold closed up 11% for the month, pushing well into all-time high territory. In this month-end wrap-up, market analyst and mining executive David Jensen offered a stark and data-rich breakdown of the underlying dynamics fueling this rally.

While many market watchers cheer rising prices, Jensen's analysis paints a deeper, more structural concern.

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Gold and silver aren't 'overbought' but oversold by a central bank that has none, Maguire tells LFTV

Section: Daily Dispatches

7:42a ET Saturday, October 4, 2025

Dear Friend of GATA and Gold:

The U.S. Federal Reserve is the only major entity still running short positions in gold and silver, London metals trader Andrew Maguire says in this week's edition of Kinesis Money's "Live from the Vault" program.

Maguire adds that, as your secretary/treasurer and others long have speculated, the bullion banks nominally carrying short positions in the monetary metals are actually just executing Federal Reserve positions. "No bullion bank is short for its own book," Maguire asserts.

Alasdair Macleod: Where are the bulls?

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Friday, October 3, 2025

Comex is effectively the largest gold and silver mine, with stand for deliveries a source for bullion. The conversion of paper gold and silver into bullion is now conspicuous. It cannot last.

As our headline chart illustrates --

https://www.gata.org/sites/default/files/Macleod-Chart-10-03-2025.doc

Gold stocks trounce AI-led chip rally with 135% gain in 2025

Section: Daily Dispatches

By Winnie Hsu
Bloomberg News
via Yahoo News, Sunnyvale, California
Friday, October 3, 2025

Despite all the hype over artificial intelligence and the surge in chip stocks this year, gold miners have actually been the better buy.

A gauge of gold equities from MSCI Inc. has soared about 135% this year, tracking gains in the precious metal. It's on course for its greatest-ever outperformance versus the index compiler's measure of major global semiconductor firms, which is up 40%.

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Paul Brownstein: Morgan Stanley displaces bonds for gold

Section: Daily Dispatches

By Paul Brownstein
Charts and Parts, Substack
Friday, October 3, 2025

Morgan Stanley just blinked.

After decades of worshiping at the altar of 60/40 (stocks/bonds), they have shifted to 60/20/20 (stocks/bonds/gold). Gold now has a real seat at the table.

Nobody likes to go first -- not in markets, not in start-ups, not in fashion. But once the ice breaks, the floodgates can open.

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India's September gold, silver imports nearly double despite record prices, sources tell Reuters

Section: Daily Dispatches

By Rajendra Jadhav
Reuters
via The Times of India, Mumbai
Tuesday, September 30, 2025

MUMBAI -- India's imports of gold and silver nearly doubled in September from August, defying record high prices, as banks and jewelers rushed to build inventories ahead of festivals and escape higher taxes on imports, trade and government sources said.

Higher imports by India, the world's second-biggest consumer of the precious metal, are set to support gold prices that hit records this week, even as demand languishes in top buyer China.

Sound Money Defense League chief JP Cortez details its progress

Section: Daily Dispatches

4:39p ET Wednesday, October 1, 2025

Dear Friend of GATA and Gold:

The Sound Money Defense League's executive director, JP Cortez, is interviewed today by Miles Franklin Media's Andy Schectman about the organization's work and the growing movements among U.S. states to recognize gold and silver as official forms of money. The objective, Cortez says, is to break the federal government's monopoly on money.

"Fiat" money, Cortez says, is the root of unnecessary wars and the impoverishment of the people.

Former Vietnam gold agency CEO sentenced to 25 years for fraud

Section: Daily Dispatches

From Tuoi Tre News, Ho Chi Minh City, Vietnam
Tuesday, September 30, 2025

The People's Court of Ho Chi Minh City on Monday handed down a 25-year prison sentence to Le Thuy Hang, former CEO of Saigon Jewelry Co., for embezzlement and abuse of power.

She was also ordered to pay VND14 billion (US$529,905) in compensation to SJC and VND73 billion ($2.8 million) to the state budget.

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