Saturday, May 17, 2025

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First Quarter Gold Demand at Highest Level Since 2016

(Mike Maharrey, Money Metals News Service) Record gold prices drove first-quarter demand in 2025 to the highest level since 2016. The LBMA gold price hit multiple record highs in Q1, with the average price coming in at $2,860 an ounce. That was a 38 percent year-on-year increase. The gold price was driven by...

Democrat Lawmaker Wants to Decriminalize Welfare Fraud

(Luis Cornelio, Headline USA) Californians who defraud the taxpayer-funded welfare system could soon catch a break—so long as they don’t steal more than $25,000.  Legislation SB560—introduced by California Democratic state Sen. Lola Smallwood-Cuevas on Friday—would effectively decriminalize welfare fraud up to $25,000, protect potential offenders from perjury charges and block prosecutors...

Paper Money as a Weapon of War

(Lawrence W. Reed, Money Metals News Service) Ships of Britain’s massive Royal Navy, the largest in the world, inflicted great damage on American ports, property, and vessels during the years of the Revolution (1775–1783). Perhaps none of those ships wreaked more havoc than HMS Phoenix, and it accomplished its devious...

Gold Outperforms… Will that Continue?

(Clint Siegner, Money Metals News Service) There are plenty of frustrated silver bugs. Gold is outperforming once again, and they wonder when silver will finally catch up. History suggests silver will outshine gold in a bull market for metals. So far, that has not been the case for much of...

Scammer Steals $500,000 in Gold Coins from Oregon Woman

(Mike Maharrey, Money Metals News Service) Here's a way to avoid 90 percent of scams. Don't answer the phone, and don't click links in emails. It's pretty simple, really. If you don't interact with scammers, they can't scam you. It's highly unlikely that a crook will show up at your door...

Oops! $60 Million Fighter Jet Falls off Aircraft Carrier, Sinks to Bottom of Red Sea

(Headline USA) An F/A-18 fighter jet slipped off the hanger deck of an aircraft carrier deployed to the Middle East, as sailors were towing the aircraft into place in the hangar bay of the USS Harry S. Truman on Monday, the U.S. Navy said on Monday. The crew members who were...

Education Dept. Opens Investigation on UC Berkeley over Foreign Funding

(Headline USA) The Trump administration launched an investigation into the University of California, Berkeley, on Friday centered on foreign funding, making it the latest university to be targeted by the federal government. The investigation revives criticism from several years ago about the university’s partnership with China’s Tsinghua University. It comes after...

Home Sales Post 5.9% Drop Ahead of Spring Selling Season

(Brett Rowland, The Center Square) Existing home sales fell 5.9% in March ahead of the busy spring selling season as the median price topped $400,000 – the highest median home price for any March, according to the National Association of Realtors. Sales decreased in all four major U.S. regions. Total existing-home...

Warnock Denies Wrongdoing in Accepting Residence in ‘$989,000 Luxury Home’

(Alan Wooten, The Center Square) U.S. Sen. Raphael Warnock says ethics questions about his housing and financial disclosures have already been answered. A conservative nonprofit in Washington is asking the U.S. Senate Select Committee on Ethics for an investigation. The Foundation for Accountability and Civic Trust says information on his...

Arizona, Oregon Lead States Suing to Stop Trump’s Tariffs

(Dave Mason, The Center Square)   Democratic attorneys general from Arizona and Oregon are co-leading a lawsuit to stop President Donald Trump’s tariffs. “President Trump’s insane tariff scheme is not only economically reckless – it is illegal,” said Arizona Attorney General Kris Mayes, who was joined in the suit against Trump...

Ruining the Money

(Lawrence W. Reed, Money Metals News Service) By the start of the 20th Century, governments and their diplomats around the world dubbed the (Turkish) Ottoman Empire “the sick man of Europe.” Conventional wisdom, reflected in high school and college history texts to this day, cites these contributing factors in the...

Foreign Influence? Boston Mayor’s Campaign Under Scrutiny for CCP-Linked Donations

(José Niño, Headline USA) A new investigation has uncovered that Boston Mayor Michelle Wu’s 2021 campaign received over $300,000 in donations raised by a fundraiser with close ties to the Chinese Communist Party’s intelligence arm. According to a Daily Caller report published last Monday, Gary Yu, who has documented connections...
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