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Former CIA Official Found with Gold Bars Reaches Tentative Plea Deal After Charge of Salary Theft

(Headline USA) A former CIA official found with $40 million of gold bars in his home has reached a tentative plea agreement after being charged with theft for fraudulently inflating his salary, according to court records. A federal judge on Friday extended a deadline to formally indict defendant David J....

Diesel Prices are Hitting Record Highs at a Bad Time for Many US Farmers

(Headline USA) The price of diesel is hitting record highs just when many U.S. farmers need it to power combines, tractors and other equipment to harvest two of the nation's largest commodities, soybeans and corn. The spike adds to an already tough year for these farmers, who also faced higher...

The Fed Will Hike! Or It Won’t. It Really Shouldn’t Matter to a Gold or Silver Investor

(Mike Maharrey, Money Metals News Service) Will they? Or won’t they? That’s the question on everybody’s mind. Will the Federal Reserve finally pull the trigger and hike interest rates at next week's September meeting? I’m about 50-50, maybe leaning slightly toward a hike. However, I don’t think it ultimately matters, because...

Treasury Department Announces Even Bigger Bond Buyback; Market Shrugs

(Mike Maharrey, Money Metals News Service) If at first you don’t succeed, try, try again. That seems to be the mantra over at the U.S. Treasury Department. On Wednesday, Treasury Secretary Scott Bessent announced the department plans to triple its long-term bond buyback program to $6 billion during its operation on...

World’s Largest Sovereign Wealth Fund to Cut U.S. Treasury Holdings

(Mike Maharrey, Money Metals News Service) The bloodbath in the bond market keeps picking up speed along with the debasement trade. Last week, the world’s largest sovereign wealth fund announced a plan to slash its government bond holdings by about 20 percent. "We recommend that the government subindex of the bond index...

Brien Lundin: Debt, Debasement, and Why Gold’s Bull Market Has Support

(Money Metals News Service) In a recent Money Metals Podcast interview, host Mike Maharrey spoke with Brien Lundin, editor of The Gold Newsletter and CEO of the New Orleans Investment Conference, about the outlook for gold and silver amid swelling federal debt, rising Treasury yields, Federal Reserve policy, and what Lundin views...

Central Banks Piled in More Gold in July

(Mike Maharrey, Money Metals News Service) Central banks continued to accumulate gold in July, adding a net 23 tonnes to the collective reserves. Year to date, central banks have accumulated an additional 130 tonnes of gold, about 30 tonnes less than through the same period last year. The primary difference...

Pabst Blue Ribbon Offers $20,000 Reward to Help Find Its Missing Beer

(Headline USA) Pabst Blue Ribbon wants its beer back, and it's offering a reward to help that happen. Greig DeBow, the CEO of Pabst Brewing Co., said Wednesday that the company will pay up to $20,000 to anyone who provides new information that leads to the recovery of 1,602 cases...

Apple’s New CEO, John Ternus, Takes Over From Tim Cook After 15 years

(Headline USA) Apple's new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook's 15-year tenure during which the company's value skyrocket to $4.6 trillion thanks to the iPhone's enormous popularity. The transition to a new CEO comes at a pivotal time for Apple. Artificial...

Peter Krauth Sees Silver Reaching $80 to $85 Before Year-End

(Money Metals News Service) Silver has decisively broken above the once-formidable $50 barrier, but Peter Krauth believes the bull market still has room to run. During a recent Money Metals podcast interview with host Mike Maharrey, Krauth argued that strong investment demand, industrial consumption, depleted exchange inventories, and emerging technologies continue to...

Meta Reaches $18 Billion Settlement with States in Landmark Trial Over Teen Social Media Addiction

(Headline USA) Meta agreed Wednesday to pay up to $18 billion and add stronger child-safety measures to its Facebook and Instagram platforms as part of a landmark legal settlement that ended a trial over teen social media addiction and settled claims filed by nearly every state. The settlement resolved a...

$50,000 Gold? Billionaire Investor Thomas Kaplan Thinks So

(Mike Maharrey, Money Metals News Service) Billionaire investor Thomas Kaplan has issued an eye-popping gold price forecast of $50,000. In an interview on Kitco News, Kaplan said, "Seeing gold go up another tenfold from here, to me, is not just likely, but inevitable." "I can see gold going to 30, 40, 50,000...
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