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Daily Dispatches

Biden administration issues permit for Perpetua's Idaho antimony and gold mine, Reuters says

Section: Daily Dispatches

By Ernest Scheyder
Reuters
Friday, January 3, 2025

The Biden administration today issued the final mining permit for Perpetua Resources' Idaho antimony and gold project, a move aimed at spurring U.S. production of a critical mineral at the center of a widening trade war between Washington and Beijing.

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Bullion Star Opens in the U.S., Selling and Vaulting Gold and Silver

Jack Mintz: A sinking Canadian dollar is Trudeau's latest legacy

Section: Daily Dispatches

By Jack Mintz
National Post, Toronto
Friday, January 3, 2025

A sleeper election issue is our sinking dollar, which fell this past year by 9% against the U.S. dollar, reaching its lowest level since April 2003. It now takes $1.44 in Canadian dollars to buy one U.S. dollar. 

Flipping it over, $1 Canadian dollar costs just 69.4 U.S. cents.

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Stefan Gleason: Nearly all taxes on gold and silver purchases eliminated in New Jersey

Section: Daily Dispatches

By Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Wednesday, January 1, 2025

Please support GATA financially and get a 1-ounce silver coin commemorating our work

Section: Daily Dispatches

10:16a ET Tuesday, December 31, 2024

Dear Friend of GATA and Gold:

Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.

Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.

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Why a tense world is betting on gold

Section: Daily Dispatches

By Carlo Boffa and Ben Munster
Politico, Washington
Tuesday, December 31, 2024

The days of navigating treacherous paths through the Rocky Mountains in search of a rich vein of the glittery good stuff might be over. But gold rushes still occur -- and we're in one right now.

As war, ideology, and protectionism divide the world into distinct blocs, developing countries in particular are hoarding bullion to prepare for the day when a global financial system dominated by the U.S. and Europe collapses, and a new one can take its place.

Alasdair Macleod: A year in review for gold and silver

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Friday, December 27, 2024

Gold rose and silver rose moderately in quiet trading during Christmas week. In early morning European trading today, spot gold was $2627, up $34 from last Friday’s close and silver at $29.70 was up 20 cents. 

Inspector general questions origin of gold used by U.S. Mint

Section: Daily Dispatches

By Paul Gilkes
Coin World, Sidney, Ohio
Saturday, December 28, 2024

During its most recent audit of the United States Mint's processes and control over gold bullion acquisition for bullion and numismatic programs, the Treasury Department's Office of Inspector General found "that the Mint cannot ensure most gold coins produced are minted from newly mined U.S. gold in compliance with the Gold Bullion Coin Act of 1985 and the Presidential $1 Coin Act of 2005."

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Support GATA financially and get a 1-ounce silver round commemorating our work

Section: Daily Dispatches

5:56p ET Saturday, December 29, 2024

Dear Friend of GATA and Gold:

Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.

Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.

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Fed Chairman Burns admitted gold's competition with dollar but his latest successor lies about it

Section: Daily Dispatches

5:13p ET Saturday, December 28, 2024

Dear Friend of GATA and Gold:

In his essay this week marking the 50th anniversary of the re-legalization of monetary gold in the United States in 1974 --

https://stuartenglert.substack.com/p/a-toast-to-50-years-of-legalized

-- researcher and author Stuart Englert noted the opposition by Arthur Burns, then chairman of the Federal Reserve Board.

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In year-end review, mining entrepreneur Eric Sprott thinks banks will 'get out of the way' in 2025

Section: Daily Dispatches

11:06p ET Friday, December 27, 2024

Dear Friend of GATA and Gold:

In Sprott Money's year-end review, Craig Hemke interviews mining entrepreneur Eric Sprott about signs of extreme tightness in the physical gold market, the naked shorting of junior mining shares in Canada, and his belief that the bullion banks will "get out of the way" of gold and silver prices in the new year.

They also discuss the prospects for six mining companies of which Sprott has a good opinion.

The discussion is 57 minutes long and can be viewed at YouTube here:

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