(Mike Maharrey, Money Metals News Service) Interest on the national debt set a record last year, costing $1.2 trillion. That was up 7.3 percent over 2024.
Through the first half of the current fiscal year, the federal government spent more on interest on the debt than it did on national defense ($558 billion) or Medicare ($590...
(Luis Cornelio, Headline USA) Liberal billionaire Reid Hoffman issued a seemingly panicked response to reports that the DOJ is investigating the nonprofit organization he used to bankroll E. Jean Carroll’s lawsuits against President Donald Trump.
The reportedly wide-ranging probe centers on whether Carroll misled attorneys during the litigation about her knowledge...
(Mike Maharrey, Money Metals News Service) I often see mainstream headlines touting the resilience of the American consumer. These stories almost always refer to strong retail sales figures signaling Americans’ willingness to keep spending money. However, there is a dark side to this spending pattern that often goes unnoticed.
There...
(Mike Maharrey, Money Metals News Service) Malaysia has joined India in hiking its import duty on gold.
Traders and dealers in the Southeast Asian nation said officials have already started charging a 10 percent levy on certain gold bar shipments into the country. The move has reportedly disrupted bullion trade...
(Sound Money Defense League, Money Metals News Service) Maryland Governor Wes Moore today signed a bill removing sales taxes from purchases of gold and silver, reversing course after a massive backlash over the past year from the public, precious metals dealers, and sound money experts.
In a highly controversial move...
(Mike Maharrey, Money Metals News Service) We talk a lot about sound money around here. Primarily, we focus on the financial impacts of unsound fiat currency on the American people. It steals their wealth and robs them of purchasing power.
However, there is another pernicious aspect of fiat money that gets...
(Thérèse Boudreaux,, The Center Square) In an epic breakdown of negotiations, Congress is leaving town without voting on Republicans’ roughly $72 billion budget reconciliation bill.
Senate Republicans ultimately deadlocked Thursday over whether to include restrictions on the Department of Justice’s controversial new “anti-weaponization fund” within the party-line bill, which funds...
(Mike Maharrey, Money Metals News Service) Gold has dropped more than 11 percent from its all-time high of just over $5,102 an ounce in January, and selling pressure continues to dominate the market. A well-established mainstream narrative is driving the bearish sentiment. However, while seemingly plausible on the surface,...
(Mike Maharrey, Money Metals News Service) A new Hong Kong-based gold-clearing system will launch in July as part of the Chinese Special Administrative Region’s (HKSAR) push to become a global gold trading hub.
Western markets – London, New York, and Switzerland – have dominated the gold trade for nearly two...
(Alan Wooten, The Center Square) Five-year plans for American roads, bridges, transit, rail transportation, and highway and motor carrier safety programs reaches an 18-month crescendo Thursday with a committee markup of the $580 billion BUILD America 250 Act.
Introduced by Reps. Sam Graves, R-Mo., and Rick Larsen, D-Wash., and three...
(Mike Maharrey, Money Metals News Service) Platinum group metal prices rose substantially last year, driven by persistent supply deficits and favorable market dynamics, and Metals Focus expects the bull market to continue this year, with significant price upside remaining.
Platinum joined gold and silver for the wild ride up in...
(Brett Rowland, The Center Square) China agreed to buy at least $17 billion annually in U.S. agricultural products through 2028 as part of a broader package of trade agreements announced during President Donald Trump's visit to Beijing.
The agreements also included what the White House described as the first major...