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Daily Dispatches

Gold miner Barrick threatens to freeze Mali operations in escalating dispute

Section: Daily Dispatches

By Tiemoko Diallo, Divya Rajagopal, and Portia Crowe
Reuters
Monday, January 6, 2025

BAMAKO, Mali -- Canada's Barrick Gold said today it would suspend operations in Mali if the country does not lift restrictions on gold shipments within the coming week, as the mining group faces what sources told Reuters amounted to a confiscation order.

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

Section: Daily Dispatches

3:14p ET Saturday, January 4, 2025

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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As it diversifies assets, India's central bank strategy has a heart of gold

Section: Daily Dispatches

From the Times of India, Mumbai
Saturday, January 4, 2025

The Reserve Bank of India has accelerated gold purchases since October to mitigate revaluation risks to its foreign exchange stockpile and minimise currency volatility, with a part of the reserves that have come off record highs since late September likely also being used to cushion the rupee's fall against the U.S. dollar.

The central bank bought 20 tonnes of gold in October and November, compared with 30 tonnes during the first six months of the current financial year, a Times analysis of latest RBI data shows.

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.

... Dispatch continues below ...


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Buy, Sell, or Store Precious Metals with Money Metals Exchange

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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