(Mike Maharrey, Money Metals News Service) The Federal Reserve is expected to cut interest rates by at least a quarter percent this week, dropping its federal funds rate to between 4 and 4.25 percent. What will that mean for gold and silver?
The metals have already gotten a boost from...
(Brett Rowland, The Center Square) Changes to the Environmental Protection Agency's strict regulations on the automobile industry could cost nonprofit groups that reported a 267% funding bump in the years since the federal agency's 2009 Endangerment Finding, a rule that provided a legal basis for the agency to regulate...
(Mike Maharrey, Money Metals News Service) Gold is soaring, hitting multiple new record highs. Silver is surging, having gained nearly 40 percent this year. But another metal is outperforming them both.
Platinum.
The metal is up just over 51 percent since the beginning of the year. Most of that gain has occurred...
(Mike Maharrey, Money Metals News Service) Maybe we should call it Zombie Inflation.
Every time the mainstream declares price inflation dead and buried, new data comes out and rains on the funeral.
However, if you understand the root cause of inflation, the CPI data comes as no surprise.
And it isn’t fundamentally about...
(Mike Maharrey, Money Metals News Service) Retail sales showed a healthy increase of 0.5 percent in July. At the time, analysts claimed this was a sign of a resilient consumer. Turns out, they charged that shopping spree to their credit cards.
After contracting for two straight months, revolving credit, primarily...
(Bethany Blankley, The Center Square) The Biden administration spent more than $10 million over three years on a security detail and related expenses for former First Son Hunter Biden after denying similar protections to other high-profile political figures, documents obtained by the Center to Advance Security in America and...
(Mike Maharrey, Money Metals News Service) With the price of gold at record highs and demand surging in Asia, many ultra-wealthy families are embracing a 19th-century model and jumping into the gold business, taking on the role of bullion traders, financing, shipping, and flipping gold without the middlemen.
The Business Times highlighted...
Hundreds of federal agents descended on a sprawling site where Hyundai manufactures electric vehicles in Georgia and detained 475 people, most of them South Korean nationals…
(Peter St Onge, Money Metals News Service) If Trump takes over the Fed will inflation get even worse?
Or is the Fed the heroic defender of hard money that its defenders claim?
Last week, Donald Trump fired Fed member Lisa Cook for alleged mortgage fraud — the first time in the Fed’s 112...
(Money Metals News Service) Share prices for precious metals mining companies finally started responding to higher metal prices.
The XAU -- a popular index fund containing publicly traded companies mining for both gold and silver -- began a run higher 18 months ago after going nowhere for the decade before.
Today,...