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Tuesday, November 5, 2024

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States Sue TikTok, Stating It’s Addictive to Kids

(Headline USA) More than a dozen states and the District of Columbia filed lawsuits against TikTok on Tuesday, saying that the popular short-form video app is designed to be addictive to kids and harms their mental health. The lawsuits stem from a national investigation into TikTok, which was launched in March...

Why I’m Near-Term Cautious on Silver

(Peter Krauth, Money Metals News Service) You won't be surprised to hear that I'm a long-term precious metals bull. Still, that doesn't mean I think these metals go up in a straight line. Almost nothing does. I've been saying for some time that silver and gold were due for a correction....

De-Dollarization: Could a Petroyuan Usurp the Petrodollar?

(Mike Maharrey, Money Metals News Service) Could the petroyuan usurp the petrodollar and become the dominant currency for global oil trade? If so, such a move would accelerate global de-dollarization and would be disastrous for the United States. The petroyuan faces a tough road, but one the BRICS nations led by...

Exploring Sound Money with Mike Maharrey and Joshua D Glawson: Insights from Money Metals

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with Joshua D. Glawson, content manager at Money Metals, to discuss the company’s ongoing efforts to provide valuable resources and education on sound money, precious metals investing, and more. Expanding Educational Content at Money Metals Joshua...

Gold Getting a Boost from the “Debasement Trade”

(Mike Maharrey, Money Metals Exchange) Gold is being boosted by a “debasement trade,” and according to JPMorgan analysts, this dynamic “may have legs.” Gold has been pushed to record highs in recent weeks. A weakening dollar and lower real bond yields have created tailwinds for the yellow metal. However, according to...

Money Metals Midweek Memo: The Power of Gold in an Inflationary World

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey discusses the current state of the U.S. dollar, the ongoing threat of inflation, and why holding gold and silver remains a vital strategy for preserving wealth. Maharrey begins with an anecdote from 2019...

‘Drill, Baby, Drill’: Energy Costs To Drop ‘50%,’ Trump Tells Dave Ramsey

(Matt Lamb, Headline USA) Former President Donald Trump pledged, if re-elected, to cut energy costs “50%” during a recent interview with financial expert Dave Ramsey that was released on Wednesday. Ramsey, one of the most popular radio hosts in the country, said he had offered to talk with Vice President...

Tanzania Launching Domestic Gold-Buying Program to Expand Reserves

(Mike Maharrey, Money Metals News Service) Tanzania is poised to expand its gold reserves. According to a Reuters report, the East African nation's mining regulator has ordered all mining firms and gold exporters to allocate 20 percent of their gold for purchase by the Tanzanian central bank.  The Bank of...

Zimbabwe Already Devaluing New Gold-Backed Currency

(Mike Maharrey, Money Metals News Service) Well, that didn’t take long. In April, Zimbabwe introduced a gold-backed currency in an effort to stabilize the country’s financial system. Less than six months later, the Reserve Bank of Zimbabwe has already devalued the new money. I hate to say, “I told you...

Small Businesses Tell Congress to Stop Tax Hike

(Casey Harper, The Center Square) A coalition of small businesses are calling on Congress to make the 20% small business tax deduction permanent. Small business leaders visited Washington, D.C. this week to call on lawmakers to pass the Main Street Tax Certainty Act, a bill that would prevent the expiration...

Massachusetts Goes Full Socialist, Seizes Texas-Based Boston Hospital via Eminent Domain

(Headline USA) Massachusetts Gov. Maura Healey announced Friday that her administration has formally seized a hospital through eminent domain to help keep it open and transition to a new owner. St. Elizabeth Medical Center in Boston is one of a group operated by Texas-based Steward Health Care, which had announced...

Stock Slump Likely; Fed Floats Revaluation of Pennies

(Mike Gleason, Money Metals News Service) In the wake of the Federal Reserve’s oversized rate cut, gold is zooming to fresh new records. The stellar run in gold and silver markets continues to be overshadowed by the stock market’s relentless gains. The S&P 500 rallied to yet another new record...
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