(Mike Maharrey, Money Metals News Service) Net central bank gold buying exceeded 1,000 tons two straight years, and commodity analysts at ANZ Bank expect central bank gold demand to continue hot for at least the next six years.
central banks could purchase over 600 tons of gold annually until...
(Mike Gleason, Money Metals News Service) As another potential government shutdown looms, precious metals markets continue to consolidate.
Although big price breakouts in gold and silver aren’t materializing quite yet, bulls are seeing some signs of gathering strength in the metals space. Gold has successfully tested the $2,000 level multiple...
(Mike Maharrey, Money Metals News Service) According to the latest Consumer Price Index (CPI) data, prices rose by 3.1 percent over the last year.
Based on my own experience at my local shopping center, that seems low.
And it may well be.
There are reasons to doubt the accuracy of CPI data.
According...
(Matthew Doarnberger, Headline USA) Multimillionaire investor Kevin O'Leary said Monday in an interview with Fox Business host Neil Cavuto that he would never invest anywhere in the state of New York after Judge Arthur Engoron issued a controversial $355 million verdict against former President Donald Trump for what many...
(Mike Maharrey, Money Metals News Service) Chinese gold demand kicked off 2024 with a bang. Wholesale gold demand set a record in January. Meanwhile, assets under management by Chinese gold ETFs reached an all-time high.
China ranks as the world’s top gold consumer, and Chinese demand has a significant impact...
(Brett Rowland, The Center Square) – A Congressional watchdog said Friday that it was again unable to determine if the federal government's consolidated financial statements were reliable.
The U.S. Government Accountability Office, which is Congress's research arm, said it was hampered by "serious financial management problems at the Department of...
(Casey Harper, The Center Square) The Republican-led House Oversight Committee is looking into allegations that the IRS is selectively not enforcing its tax-exempt rules against leftist nonprofits.
With new allegations of political bias, House Oversight Committee Chair Rep. James Comer, R-Ky., has launched an investigation into the IRS requesting interviews,...
(Mike Maharrey, Money Metals News Service) Defining inflation as "rising prices" creates all kinds of confusion. As I explained in-depth, historically, inflation meant an increase in the amount of money and credit in the economy, or more succinctly, an expansion in the money supply. Rising consumer prices - price...
(Mike Maharrey, Money Metals News Service) Price inflation was supposed to be dead and buried months ago. But it’s doing just fine, thank you very much. The January Consumer Price Index report makes that pretty clear.
Sure, the Federal Reserve managed to knock inflation down. But it was never out....
(Money Metals News Service) The story of the Hunt brothers and their attempt to "corner the silver market" in 1979 and 1980 is a classic example of speculative investment, market manipulation, and government intervention on a grand scale.
Peter Thomas was present on the trading floor during this period and...
(Mike Maharrey, Money Metals News Service) Could arguably the world’s worst currency become its best? If Zimbabwe follows through and embraces a plan to back the Zimbabwe dollar with gold, it just might.
Last week, Zimbabwe President Emmerson Mnangagwa said officials were exploring ways to introduce a "structured currency,” but he...
(Spencer Pauley, The Center Square) – The City of Seattle will spend $1.8 million to construct an all-gender bathroom facility near the waterfront.
The facility will consist of six individual all-gender stalls including an accessible stall. The breakdown of the $1.8 million bathroom facility sees $300,000 for each all-gender bathroom...