(Mike Maharrey, Money Metals News Service) I ran across a post on X by financial planner Charlie Bilello about the trajectory of the Federal Reserve balance sheet. It pointed out that the balance sheet is 20 percent below its April 2022 peak, “the largest drawdown on record.”
This struck me...
(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey dives deep into the recurring economic themes that dominate the news cycle. Maharrey begins by acknowledging a feeling many listeners may share: a sense of repetition in the content.
However, he stresses the...
(Mike Maharrey, Money Metals News Service) There has been quite a bit of pushback against governments and central banks around the world as they seek to introduce central bank digital currencies. But in the scramble to block CBDCs, some people seem to have forgotten that there is a more...
(Mike Maharrey, Money Metals News Service) The National Bank of Poland was the biggest central bank gold buyer in the second quarter. A Euronews report speculated that the country is "preparing for the worst."
The Polish central bank added 19 tons of gold to its reserves in Q2. According to...
(Kevin Bessler, The Center Square) – It is Illinois Gov. J.B. Pritzker’s lofty goal to have one million electric vehicles on Illinois roads in less than six years, and now a public service campaign is critical of his political party’s EV agenda.
The American Fuel & Petrochemical Manufacturers (AFPM) has...
(Headline USA) The Justice Department filed an antitrust lawsuit Friday against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.
The lawsuit, filed alongside attorneys general in states including North Carolina and California, alleges the company is violating...
(Headline USA) Former President Donald Trump said this week he would consider appointing billionaire Elon Musk to a Cabinet role or prominent advisory position if elected in November.
Musk---the owner of Twitter, Tesla, Spacex and other cutting-edge companies---endorsed Trump following the July 13 assassination attempt and has pledged millions of dollars...
(Money Metals News Service) Significantly higher purchases from the official sector at times provided essential support to gold prices over 2022-23 when aggressive interest rate hikes undermined professional investor interest in gold.
After hitting an all-time high of 1,082t in 2022, net purchases by the official sector remained exceptionally strong...
(Mike Maharrey, Money Metals News Service) For the first time ever, a 400-ounce bar of gold is worth $1 million. No wonder so many central banks and investors are piling up the yellow metal.
We hit the $1 million gold bar milestone on Friday when the price of gold topped...
(Mike Maharrey, Money Metals News Service) Dollar dominance is slowly ebbing as the world looks to diversify away from the greenback.
The share of dollars making up global reserves has dropped by 14 percent since the turn of the century, according to data compiled by the Atlantic Council.
As of 2002,...
(Money Metals News Service) In a recent Money Metals podcast, host Mike Maharrey interviewed Frank Holmes, the CEO and Chief Investment Officer of U.S. Global Investors, and Executive Chairman of HIVE Blockchain Technologies.
Holmes shared his extensive knowledge of various financial and market trends, providing insights into the current economic...
(Molly Bruns, Headline USA) Kyra Lynn Johnson, Delta Air Lines's chief officer for Diversity, Equity, Inclusion, & Social Impact, announced that the company was abandoning its use of the phrase "ladies and gentlemen" in gate announcements, according to Fox News Digital.
Johnson first pitched the gate announcement change during a February...