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Monday, December 23, 2024

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Slowing Official Sector Gold Purchases – a New Level or a Temporary Dip?

(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...

$1 Million Gold Bars for the First Time Ever!

(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...

Dollar Reserves Have Dropped By 14 Percent Since 2002

(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,...

Market Dynamics, Gold, and Bitcoin: Insights from Frank Holmes

(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...

Delta DEI Chief Cancels Non-Inclusive ‘Ladies and Gentlemen’

(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...

Many Countries Turning to Gold as a ‘Stateless Currency’

(Mike Maharrey, Money Metals News Service) Many central banks are opting for a “stateless currency” – gold. That’s how a recent article published by Nikkei Asia put it, noting that “central banks are diversifying away from the dollar and yuan.” The article notes that the proportion of greenbacks in foreign...

Gold Revaluation Is Far More Democratic Money Creation than Platinum Coins

(Chris Powell, Money Metals News Service) This week, the brilliant journalist and financial analyst Mike Maharrey of Money Metals revisited the recent dream of inflationists... ...to increase the U.S. money supply by means of the U.S. government's creation of one or two platinum coins with trillion-dollar denominations. The idea would have...

Kamala Plagiarizes Trump’s ‘No Tax on Tips,’ Reversing Her Own Policy

(Elias Irizarry, Headline USA) Vice President Kamala Harris and Minnesota Governor Tim Walz held a rally in Las Vegas on Saturday marking their first appearance in the state of Nevada, additionally announcing their first policy initiative. Harris declared that, if elected, she would "eliminate taxes on tips for service and...

Chinese Illegal Immigrants Arrested in East Texas for Money Laundering

(Bethany Blankley, The Center Square) A rural east Texas district attorney has described how the border crisis is impacting her community after two Chinese illegal immigrants were arrested on money laundering charges. Their arrest was not the first where “we have encountered Chinese nationals on the highway engaged in illegal...

Foreign Agents Flood CCP-Owned TikTok w/ Anti-Trump Videos

(Dmytro “Henry” Aleksandrov, Headline USA) Foreign actors have been flooding TikTok, the app owned by Chinese communists, with "false" and "incendiary" videos targeting Donald Trump ahead of the 2024 presidential election. The Wall Street Journal published its new report, in which the news source identified 91 accounts on TikTok with overseas...

Gold Demand in Tech and Industry Continued to Rebound in Second Quarter

(Mike Maharrey, Money Metals News Service) Industrial and tech demand for gold continued to rebound in the second quarter. Technology and industrial applications consumed 81 tons of gold in Q2, according to data compiled by the World Gold Council, an 11 percent year-on-year increase. The strong second quarter boosted H1...

Trillion-Dollar Coins: A Dumb Idea That Some Gov’t People Take Seriously

(Mike Maharrey, Money Metals News Service) When I was about 7 years old, my friend Tommy and I decided we were going to dig a cave. We envisioned a massive cavern we could stand up in. It would be our secret fort. We went as far as digging a...
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