(Mike Maharrey, Money Metals News Service) Turks are holding billions of dollars in gold “under their pillows.”
The Turkish central bank estimates that Turkish households have more $311 billion worth of unregistered gold, most of it outside of the official financial system.
The central bank calculated this amount by adding the...
(Dave DeCamp, Antiwar.com) On Saturday, President Trump doubled down on his call for an end to the trial against Israeli Prime Minister Benjamin Netanyahu, saying the US was “not going to stand” for the Israeli leader’s prosecution.
“It is terrible what they are doing in Israel to Bibi Netanyahu. He is...
(Money Metals News Service) In a recent episode of the Money Metals Podcast, analyst Mike Maharrey sat down with Brien Lundin, editor of Gold Newsletter and CEO of the New Orleans Investment Conference, to unpack the forces driving precious metals higher—and why the rally may be far from over.
With gold solidly above $3,000...
(Elyse S. Papel, The Center Square) Following push back from a growing coalition of politicians and public interest groups, U.S. Sen. Mike Lee, R-Utah, proposed an amended version of his plan to sell off public lands.
While the previous proposal would have required the government to auction off between 2.2 million and...
(Brett Rowland, The Center Square) Federal Reserve Chairman Jerome Powell told Congress on Tuesday that economic data merited lower interest rates but that tariffs could undo the central bank's fight to tame inflation.
"If you just look in the rearview mirror and look at the existing data that we've seen,...
(Mike Maharrey, Money Metals News Service) Should the cost of storing physical gold and silver deter people from considering precious metals as an investment option?
Idaho Governor Brad Little thought so.
Last year, he vetoed a bill that would have given the Gem State an option to invest up to 7.5 percent of...
(Brett Rowland, The Center Square) Federal Reserve Chairman Jerome Powell will appear before Congress on Tuesday as President Donald Trump continues to push the independent central bank to lower interest rates.
Powell will present the Fed's Semiannual Monetary Policy Report to the U.S. House Financial Services Committee at 10 a.m....
(José Niño, Headline USA) A Utah senator's plan to sell millions of acres of western public lands has united an unlikely coalition of conservative environmentalists, Trump administration veterans, and Democratic lawmakers in fierce opposition to what they view as an unprecedented threat to America's natural heritage.
In the middle of...
(Mike Maharrey, Money Metals News Service) Generally speaking, a leak is bad news.
If your car tire is leaking, you’re probably going to end up stranded on the side of the road.
If a pipe in your house is leaking, you’re probably going to end up with wet carpet.
And if your...
(Kenneth Schrupp, The Center Square) Los Angeles’ $19.7 million response to the June protests and riots was almost entirely spent on police, highlighting the growing cost of police overtime amid an enduring officer shortage.
According to a new report from government transparency group Open The Books, the city of Los...
(Jesse Colombo, Money Metals News Service) After yesterday's 4.49% surge, platinum has broken through the key $1,200 to $1,300 resistance zone that had been a major hurdle—an encouraging bullish signal.
Last week, I published a detailed report on the bullish case for platinum—even though my usual focus is on gold and silver....
(Mike Maharrey, Money Metals News Service) The Vietnamese gold market is about to undergo significant reforms that could boost competition, lower prices, and increase supply.
A government decree will open the door for eligible banks and enterprises to import gold into the country and produce bullion. Currently, the Saigon Jewelry...