Friday, June 27, 2025

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Time to Audit the Gold: Why Congress Is Finally Asking Hard Questions

(Sound Money Defense League, Money Metals News Service) In a compelling interview with Investing News Network host Charlotte McLeod, Jp Cortez, Executive Director of the Sound Money Defense League, detailed a new legislative push to audit the United States’ gold reserves for the first time in decades.  The initiative, known as...

Nigerian ‘Tech Queen’ Charged in Multi-Million Dollar U.S. Scam

(José Niño, Headline USA) The FBI has unmasked Sapphire Egemasi, a 29-year-old tech influencer, as the alleged architect behind a sophisticated international fraud operation that siphoned over $1.3 million from Lexington, Kentucky’s city coffers, according to a report by the Daily Trust. She was arrested by the FBI in the...

How an Accounting Trick Is Hiding Risk in the Banking System

(Mike Maharrey, Money Metals News Service) While accounting rules are intended to foster transparency and facilitate accurate financial reporting, they can also mask the true financial state of an organization. Today, a commonly used accounting trick could be obscuring risks in the U.S. banking system by papering over the significant...

Gold’s Current Consolidation: Driven by Tariffs and Global Uncertainty

(Money Metals News Service) On the latest Money Metals podcast, host Mike Maharrey welcomed Michael Pento, founder of Pento Portfolio Strategies, for an in-depth look at the gold market and broader financial trends. Michael Pento believes gold is in a clear consolidation phase after hitting a record $3,500 per ounce in mid-April. “The rally was...

A Chinese Self-Driving Car Company Stole a Massive Trove of U.S. Data

(José Niño, Headline USA) The Trump administration is rethinking how it deals with Chinese-linked tech firms after a short-lived self-driving truck company was found to have stolen a vast trove of U.S. intellectual property.  Founded in 2015 by Chinese entrepreneurs and backed by Chinese capital, TuSimple was once hailed as...

Gold ETF Momentum Eased in May With Modest Outflows

(Mike Maharrey, Money Metals News Service) For the first time in five months, gold-backed ETFs globally reported modest outflows in May as investors took profits. After charting the largest inflows of gold since August 2022 in April, gold-backed ETFs globally reported modest outflows of 19 tonnes totaling $1.8 billion last...

Trump Makes Fun of Elon’s Black Eye, Threatens to Cut His Subsidies

Update: After this story's publication, Musk said he'd begin decommissioning SpaceX projects in response to Trump's threats. https://twitter.com/elonmusk/status/1930718684819112251 (Headline USA) Talk about adding insult to injury. President Donald Trump made fun of Elon Musk’s black eye Thursday while responding to the billionaire’s criticism of his “big beautiful bill.” Trump also threatened to cut Musk’s...

DC Mayor Bowser Faces Ethics Complaint over $62K Foreign Trip

(Luis Cornelio, Headline USA) Did the anti-Trump DC mayor break the law by accepting gifts and free travel from a foreign government? A watchdog group just filed an ethics complaint on this matter.  The Foundation for Accountability and Civic Trust filed a complaint Tuesday with the Board of Ethics and Government...

Central Banks Added More Gold in April Despite Record Prices

(Mike Maharrey, Money Metals News Service) Central bank gold buying moderated in April, as the gold price hit record levels. Globally, central banks officially added a net 12 tonnes of gold to their reserves in April, according to the latest data compiled by the World Gold Council. This was 12...

What’s Next for U.S. Steel After $14B Merger?

(Lauren Jessop, The Center Square) What’s next for U.S. Steel after its $14 billion merger? It’s either the golden age or a clever mirage, depending on who gets asked. That’s because the final details, while still scant, don’t satisfy critics about the iconic Pittsburgh company’s new partnership with Japanese-owned Nippon...

The Debt Spiral, Gold’s Rise, and the Dollar’s Fall

(Money Metals News Service) Veteran market analyst Greg Weldon joined Money Metals' Mike Maharrey for a sweeping conversation about the fragile state of the global financial system.  From runaway debt and stressed bond markets to gold, silver, and digital assets, Weldon delivered a no-nonsense warning: the clock is ticking. (Interview Starts...

Appeals Court Stays Bombshell Tariff Ruling

(Brett Rowland, The Center Square) The U.S. Department of Justice filed an emergency motion Thursday asking an appeals court to pause a lower court ruling that ordered President Donald Trump to unwind most of his tariffs within 10 days. The court granted that motion Thursday afternoon. An attorney for the Liberty...
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