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Daily Dispatches
CNBC notes speculation about U.S. gold revaluation
Submitted by admin on Wed, 2025-02-12 09:51 Section: Daily Dispatches9:50a ET Wednesday, February 12, 2025
Dear Friend of GATA and Gold:
CNBC on Monday took note of speculation that the U.S. government might revalue its gold reserves as part of a scheme to improve the government's financial position. The noting came in a five-minute interview with fund manager Peter Boockvar, which is posted here:
South Korea's mint halts gold bar sales as supply tightens
Submitted by admin on Wed, 2025-02-12 09:30 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Tuesday, February 11, 2025
South Korea's mint has temporarily suspended sales of gold bars, adding to signs of widespread tightness across markets for physical precious metals.
The Korea Minting and Security Printing Corp. said it is facing problems with sourcing supply and managing demand, and that it will try and resume sales as soon as possible, according to a notice on its website.
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Submitted by admin on Tue, 2025-02-11 12:07 Section: Daily Dispatches12:06p ET Tuesday, February 11, 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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James Turk at King World News: Does Trump plan return to constitutional money?
Submitted by admin on Mon, 2025-02-10 18:44 Section: Daily DispatchesBy James Turk
King World News
Monday, February 10, 2025
An article about gold in the Financial Times touched upon some of my current thinking, Eric. So now that the mainstream media dare consider a gold revaluation, I thought it was a good time to share my thoughts on it, but give it a spin and depth different from the FT.
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China frees possible $27 billion from insurers to buy gold
Submitted by admin on Mon, 2025-02-10 18:24 Section: Daily DispatchesFrom Bloomberg News
via Yahoo News, Sunnyvale, California
Monday, February 10, 2025
A pilot program in China that allows insurers to buy gold for the first time could free up billions of dollars of investment in the metal, adding further impetus to a record-setting rally. Prices hit a fresh peak.
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BIS gold swaps collapsed in January, hinting at collapse of market-rigging system
Submitted by admin on Mon, 2025-02-10 11:25 Section: Daily Dispatches11:33a ET Monday, February 10, 2025
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements collapsed in January, according to calculations drawn by GATA consultant Robert Lambourne from the bank's statement of account for January, published today:
Trump tells U.S. Treasury to stop minting pennies
Submitted by admin on Mon, 2025-02-10 00:19 Section: Daily DispatchesBy Jill Colvin
Associated Press
Sunday, February 9, 2025
WASHINGTON -- President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
"For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!," Trump wrote in a post Sunday night on his Truth Social site. "I have instructed my secretary of the U.S. Treasury to stop producing new pennies."
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By 'monetizing' U.S. assets, does Trump administration mean gold?
Submitted by admin on Sun, 2025-02-09 14:10 Section: Daily Dispatches2:12p ET Sunday, February 9, 2024
Dear Friend of GATA and Gold:
Chris Marcus of Arcadia Economics today calls attention to a remark made last Monday by Treasury Secretary Scott Bessent that the Trump administration plans to "monetize the asset side of the U.S. balance sheet":
Weekend edition of Ed Steer's Gold and Silver Digest is posted in the clear at SilverSeek
Submitted by admin on Sun, 2025-02-09 13:24 Section: Daily Dispatches1:24p ET Sunday, February 9, 2025
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest letter, headlined "The Big 8 Increase Their Short Position in Silver," has been posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/big-8-increase-their-short-position-silver
What is Bank of England doing in the gold market, and why? Press again fails to ask
Submitted by admin on Sun, 2025-02-09 09:28 Section: Daily Dispatches9:36a ET Sunday, February 9, 2025
Dear Friend of GATA and Gold:
Imagine that you had more than an hour to question the governor of the Bank of England and several of his top assistants in the middle of great turmoil in the London gold market. Would you be prepared with a few critical and even inconvenient questions?
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