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Indians Ignore Government Pleas to Stop Buying Gold

(Mike Maharrey, Money Metals News Service) Last spring, Prime Minister Narendra Modi urged Indians to put off buying gold for a year. They apparently didn’t heed the advice. The Titan Company reported a 63 percent profit increase in the second quarter and a notable increase in foot traffic. And according to...

Immigration Researcher: 300,000 Foreign Babies Got Free Citizenship

(José Niño, Headline USA) Researcher Steven Camarota told lawmakers Tuesday that as many as 300,000 babies were born on American soil to visiting foreigners over the past 10 years, according to Breitbart. Camarota, who directs research at the Center for Immigration Studies, delivered the figures before a House Oversight...

More Than $3M in Alleged COVID Unemployment Fraud Uncovered

(David Beasley, The Center Square) Ohio’s inspector general says he has uncovered more than $3 million in suspected unemployment benefits fraud dating back to the COVID-19 pandemic period. In 2024, the Ohio Department of Job and Family Services referred an allegation of wrongdoing to the state Inspector General’s Office, involving...

Federal Trade Commission, 22 States Accuse Amazon of $20B Scheme

(Alan Wooten, The Center Square) North Carolina is among 22 states alongside the Federal Trade Commission filing litigation against Amazon, a company the state and Richmond County have been happy to welcome with a $10 billion data center investment. The independent federal consumer agency and the Old North State's first-term...

Feds Close Trucking Schools in Alleged Fraud Crackdown

(Jim Talamonti, The Center Square) Trump administration officials say they have ordered the emergency removal of 110 commercial driver’s license schools associated with more than 5,000 drivers who failed English language proficiency tests. They have also shutdown of 150 additional schools that claim to be certified but have unlicensed instructors...

There’s a Race for Vault Space as Physical Gold Demand Surges Globally

(Mike Maharrey, Money Metals News Service) It’s a bull market in gold vaults. The surging gold price has sparked a significant uptick in demand for physical bars and coins. And with so many investors stacking gold, they need someplace to store all that metal. Sharps Pixley told The Financial Times that its vaults...

Fidelity International Doubles Gold Holdings as a Lack of Faith in the Fed Grows

(Mike Maharrey, Money Metals News Service) As the bond market continues to melt down and faith in the Federal Reserve’s willingness and ability to tackle inflation grows, it appears at least some institutional investors in the West are turning back toward gold. In a recent interview, Fidelity International portfolio manager...

How Bitcoin and Gold Went from a Slump to an MVP Week in Just a Few days

(Headline USA) Bitcoin and gold shot higher this week, with both getting a boost from some frantic action surrounding the bond market, and the cryptocurrency also benefiting from activity in Washington. Bitcoin had dropped from a January high of around $95,000 to below $60,000 at the end of June. Investors...

The Cost of America’s 25-Year War on Terror: Closing in on $10 Trillion

(Bethany Blankley, The Center Square) Twenty-five years after the Sept. 11th terrorist attacks, the cost to taxpayers for the U.S. War on Terror is approaching $10 trillion. Initial costs for two conflicts in Iraq and Afghanistan were more than $8 trillion. An additional $2 trillion will be incurred by U.S....

India Gold Market Showing Signs of Recovery

(Mike Maharrey, Money Metals News Service) After facing significant headwinds over the last couple of months, a recovery seems to be brewing in the Indian gold market. India ranks as the second-largest gold market behind China. After domestic gold corrected sharply in June, the price stabilized in July and began recovering in...

GOP Group Launches $22 Million Midterm Ad Blitz

(José Niño, Headline USA) The American Action Network, a leading outside group tied to House Republican leadership, plans to roll out a $22 million advertising push on Thursday spanning 41 congressional districts, according to an Axios report. The move signals how GOP strategists intend to lean on tax policy...

$40 Trillion Debt Black Hole: Is a Financial Crisis Coming?

(Money Metals News Service) The United States is closing in on a milestone that would have been almost unimaginable not long ago: $40 trillion in national debt. That staggering figure framed the latest episode of the Money Metals Midweek Memo, as host Mike Maharrey examined what he calls the economy’s “debt...
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