(Mike Maharrey, Money Metals News Service) Demand for gold is so strong in China that the government has allocated additional gold import quotas for commercial banks.
According to a Bloomberg article, strong haven demand from institutional and retail investors led to the move.
China ranks as the world’s largest gold market.
The government uses import quotas to...
(Jesse Colombo, Money Metals News Service) My expectations are being fully confirmed as Chinese gold trading activity and prices both surge—and now even Bloomberg has taken notice with a fascinating article on what’s unfolding.
Since last fall, I’ve been advancing a theory that China’s aggressive futures traders—who were behind gold’s initial...
(Mike Maharrey, Money Metals News Service) Last week was a wild one for investors, with stocks whipsawing in a storm of volatility and uncertainty. When the dust settled, gold was the last safe haven standing.
Spot gold opened the week just below $3,040 an ounce. During Monday’s stock rout, the...
(Luis Cornelio, Headline USA) Jeffrey Epstein's lawyer, Alan Dershowitz, issued a dire warning to the so-called Central Park Five after they filed a long-shot defamation lawsuit against President Donald Trump.
Dershowitz contends that the lawsuit, which he described as flawed, will backfire on the five men by potentially exposing their actions...
(Sound Money Defense League, Money Metals News Service) Alabama Gov. Kay Ivey has signed Senate Bill 130 into law, reaffirming gold and silver as legal tender. This symbolic victory marks Alabama’s latest step toward promoting constitutional sound money in the state.
Sponsored by Sen. Tim Melson and Rep. Jamie Kiel,...
(Mike Maharrey, Money Metals News Service) Significant amounts of gold flowed into gold ETFs for the fourth straight month in March, driving assets under management (AUM) to a new month-end record.
Funds in every region reported inflows of gold, with North American ETFs leading the way.
Globally, gold-backed funds added 92...
(Money Metals News Service) As global markets react to trade tensions and tariff rumors, the real story may lie beneath the headlines.
In the latest Money Metals Midweek Memo, host Mike Maharrey argues that while tariffs dominate the financial news cycle, they’re just a subplot in a much deeper economic drama—one...
(José Niño, Headline USA) New data reveals a steep drop in international student enrollment at American universities, a trend that that could see universities lose billions in tuition revenue.
Student and Exchange Visitor Information System (SEVIS) data from August 2024 shows a 5% drop in international student enrollment, driven largely...
(Doug Horning, Money Metals News Service) In order to determine why it isn’t too late to buy gold, we need to consider why many people might be inclined to think that it is too late.
First and foremost, gold has been on an explosive bull run, as you can see in the...
(Clint Siegner, Money Metals News Service) Silver prices dropped 12% in the final two trading days of last week. Gold lost 2.6%.
While gold has held up relatively well, silver fell in tandem with the general stock market after President Trump announced reciprocal tariffs against nations that impose a levy...
(Kenneth Schrupp, The Center Square) California did not materially comply with the requirements for seven of the 22 federal programs the state auditor examined, including “pervasive” noncompliance in its unemployment benefits program, which could put essential federal funding at risk.
“This report concludes that the State did not materially comply...
(Mike Maharrey, Money Metals News Service) Indian investors are turning to gold as the domestic stock market tanks.
This isn't a surprise, but there is a twist. Indians are increasingly turning to ETFs to gain exposure to the yellow metal.
Indians have a long love affair with gold. The country ranks...