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Spain Ponders Whether It Should Get Its Gold Out of the U.S.

(Mike Maharrey, Money Metals News Service) With many countries bringing their gold home, what will Spain do? Some are calling for the Spanish central bank to follow the lead of the Netherlands and France and repatriate its gold. The Netherlands recently moved 86 tonnes of gold from North America closer to home...

ETF Gold Holdings Surged to Record High in August

(Mike Maharrey, Money Metals News Service) Gold flowed into ETFs from every region last month, pushing global holdings to a record high. ETFs globally added 121 net tonnes of gold to their holdings in August. That pushed total ETF gold reserves to 4,189 tonnes. Putting that into perspective, ETFs globally held...

Severe Issues Could Wreck Potential Chicago Bankruptcy

(Jim Talamonti, The Center Square) Although a recent report on financial red flags said Chicago is on a path toward insolvency, Wirepoints founder Mark Glennon says Chapter Nine bankruptcy might not work for the Windy City like it previously did in Detroit. Reason Foundation’s report on state and local government...

US Economy Added 162,000 Jobs in August

(Headline USA) The U.S. labor market bounced back in August as employers added a surprising 162,000 jobs, ending a summer of lackluster hiring with a bang. The unemployment rate remained at a low 4.1%. Hiring far exceeded the 65,000 jobs that forecasters had expected, according to a poll by FactSet. Labor Department...

The Netherlands Moves Gold Out of North America Citing Geopolitical Risk

(Mike Maharrey, Money Metals News Service) The Netherlands moved approximately 86 tonnes of gold valued at over €10 billion from North America to London, citing “increasing geopolitical unrest” and a desire to “strengthen crisis preparedness.” The country joins a growing list of countries moving gold out of the U.S to...

The Fed’s No-Exit Ramp: Debt, Dollar Debasement, and the Case for Gold

(Money Metals News Service) Federal Reserve Chair Kevin Warsh used his Jackson Hole speech last Friday to project a tough-on-inflation posture. But despite the market’s sharp reaction, the Fed has not changed policy—and Mike Maharrey argues that reality matters far more than the rhetoric. In this episode of the Money...

A Forever Gold Bull Market?

(Mike Maharrey, Money Metals News Service) How long will the gold bull market last? Forever. That’s the view of Ned Davis Research Chief Alternative Strategist John LaForge. Granted, he didn’t say “forever,” but that’s the implication of his comments on Kitco News. “I think prices peak when we learn how to deal with the debt...

Fed Chair Warsh Runs Open-Mouth Operations at Jackson Hole But Can He Deliver?

(Mike Maharrey, Money Metals News Service) Federal Reserve Chairman Kevin Warsh moved markets on Friday with his Jackson Hole speech, even though the central bank has yet to do anything to move inflation. Clearly, Warsh wants to convey a message. He’s tough on inflation, and the Fed will “deliver price...

Bessent’s Bond Market Intervention Juices Debasement Trade, Boosts Gold

(Mike Maharrey, Money Metals News Service) Opps. That didn’t go as planned. Treasury Secretary Scott Bessent wanted to drive down interest rates at the long end of the yield curve, so he intervened in the market. It worked. For about one day. The 30-year Treasury yield closed at 5.31 percent on Tuesday (Aug....

TikTok Settles w/ DOJ for Violating Kids’ Rights

(Headline USA) TikTok has reached a $400 million settlement with the U.S. Department of Justice, ending a 2024 lawsuit alleging the company violated federal children's privacy laws. The DOJ said Friday that TikTok will pay $300 million immediately and another $100 million after an order vacates an earlier consent decree against...

Buc-ee’s Chain Draws Outcry in Ohio for Launching Fight Over a Mini.mart’s Beaver Logo

(Headline USA) A lip-licking alligator, a smiling moose and a hat-wearing bear are among the many cartoon animals to have found themselves in the crosshairs of Buc-ee’s, the popular Texas convenience store chain that has a penchant for protecting its buck-toothed beaver. But now Buc-ee's has set off a Buckeye...

Brits Regret Not Buying Gold But Didn’t Learn Their Lesson

(Mike Maharrey, Money Metals News Service) If you live long enough, you’re going to have some regrets. Woulda, coulda, shoulda, as my dad was fond of saying. The thing about regrets is that they were totally avoidable. That’s why they’re regrets. We made a bad decision, a questionable call, a wrong...
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