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(Money Metals News Service) The U.S. dollar remains the world’s dominant reserve currency, but countries around the globe are looking for ways to reduce their exposure to it. According to Money Metals Midweek Memo host Mike Maharrey, this gradual de-dollarization trend is being fueled not only by America’s fiscal problems,...

(Brett Rowland, The Center Square) The Pentagon told The Center Square its Golden Dome missile shield will protect the entire homeland for $185 billion. The Congressional Budget Office estimates a notional system consistent with the administration's missile defense goals could cost about $1.2 trillion over 20 years, roughly $9,300 for...

(Thérèse Boudreaux, The Center Square) The U.S. Senate failed to advance a bill Wednesday that would have banned congressional stock trading after every Democrat voted against it. The Stop Insider Trading Act, introduced by Rep. Brian Steil, R-Wis., passed the House earlier this year with bipartisan support. It would bar...

(Mike Maharrey, Money Metals News Service) Do you want to know why the U.S. Treasury market is selling off? Listen closely to Canadian Prime Minister Mark Carney. He thinks the world should find an alternative to the U.S. dollar. Now, you might not care what Canadians think. You might think Carney...

(Mike Maharrey, Money Metals News Service) Ask pretty much anybody, and they’ll tell you we have an inflation problem. But what does that mean? And how did it happen? Most people have no clue. The first problem is that policymakers and the media use a very imprecise definition of inflation. For most people,...

(Mike Maharrey, Money Metals News Service) At least a dozen large Chinese banks plan to end leveraged precious metals futures contracts. Specifically, banks are shutting down Shanghai Gold Exchange margin-traded deferred contracts, including Au(T+D) and Ag(T+D). The move could potentially increase demand for physical metal in China, the world's largest gold...

(Mike Maharrey, Money Metals News Service) The Indian gold market is cautiously optimistic as we approach the festive gold-buying season. Higher prices continue to weigh on gold jewelry demand even as they support investment purchases. Meanwhile, wedding buying appears “resilient,” according to the World Gold Council. India ranks as the world’s...

(Money Metals News Service) On a recent episode of Money Metals Weekly Market Wrap, the Money Metals podcast, host Mike Maharrey spoke with Nomi Prins about higher interest rates, rising oil prices, Treasury market strain, and accelerating government debt. Prins argued that these forces continue to reinforce the case...

(Headline USA) A New Mexico jury on Friday found Facebook liable for deceiving users about privacy protections on the platform in the latest legal setback against the social media giant that has already cost it billions of dollars. The jury found over 43 million violations of state consumer protection law...

(Dave DeCamp, Antiwar.com) During an Oval Office meeting with President Donald Trump in Washington on Thursday, Chinese President Xi Jinping conveyed China’s position on Taiwan and told the US president to approach the issue “carefully,” The South China Morning Post reported, citing the Chinese broadcaster CCTV. The report said that...

(Mike Maharrey, Money Metals News Service) Over the past week, officials have announced several measures, including a yuan-denominated gold futures contract, with the goal of further positioning Hong Kong as an international gold hub and raising the yuan's global status. Earlier this summer, Hong Kong launched trial operations of a...

(Mike Maharrey, Money Metals News Service) Here’s a question for you. If you were alive 2,000 years from now and dug up an old box of $100 bills, do you think you could spend it anywhere? I’m going to guess no. In the first place, it’s highly unlikely paper money would last...