(Mike Maharrey, Money Metals News Service) Gold has been on quite a bull run this year, but silver has lagged.
The wide gold-silver ratio tells us that silver is historically underpriced compared to gold, and it’s clear that the white metal isn’t priced for the supply and demand dynamics.
What gives?
In...
(Mike Maharrey, Money Metals News Service) Is gold in the midst of a supercycle? A Wells Fargo analyst thinks so. Gold has had quite a bull run in 2024. The yellow metal is up over 21.6 percent this year, ranking among the best-performing assets. Along the way, it has...
(Mike Maharrey, Money Metals News Service) Central bank gold buying more than doubled in July, as policymakers showed a continued commitment to increasing the percentage of yellow metal in their reserves.
Globally, central banks added a net 37 tons of gold to their holdings in July, according to the latest...
(Headline USA) A state prison in northeast Ohio said last week that for the first time in the state's history, a five-course meal was served to members of the public with food prepared by incarcerated men from fruits and vegetables grown in the prison garden.
Almost 60 people dined at...
(T.A. DeFeo, The Center Square) Inflation and higher construction costs are affecting municipal projects nationwide.
Case in point: A typical parking lot project in downtown Smyrna. Like many cities, officials in the Atlanta suburb say they need more parking in the downtown area.
"We had originally planned for a parking deck...
(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...