(Dave DeCamp, Antiwar.com) Acting Deputy Secretary of Defense Robert G. Salesses said in a statement on Wednesday night that Secretary of Defense Pete Hegseth has ordered a review of Pentagon spending to realign spending to fund priorities of the Trump administration.
The statement from Salesses came after a report from The Washington Post said that...
(Mike Maharrey, Money Metals News Service) Gold demand in China continued to show signs of growth last month despite the relentless climb in prices.
China ranks as the world's largest gold market.
As Jesse Colombo reported, aggressive Chinese futures traders on the Shanghai Futures Exchange (SHFE) helped drive last year's gold bull...
(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey dives deep into the Federal Reserve’s ever-changing stance on inflation, the reality behind rising consumer prices, and a seemingly unrelated yet important development—the end of the U.S. penny.
Through sharp analysis and historical comparisons,...
(Jp Cortez, Money Metals News Service) An X exchange over the weekend is bringing new light to an issue long shrouded in mystery — the status of America’s purported stockpile of 8,133 tons of gold stored in Fort Knox and other government vaults across the country.
News aggregator ZeroHedge tweeted at President...
(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with financial analyst Greg Weldon to discuss the state of global markets, gold’s record-breaking rally, and the looming debt crisis threatening economic stability.
Weldon, a veteran trader and macroeconomic expert, shared critical insights into...
(Jan Nieuwenhuijs, Money Metals News Service) The U.S. Treasury can draw up to $700 billion in new funding from its gold revaluation account at the Federal Reserve. And the Treasury could invest this “new money” in a sovereign wealth fund (increasing the money supply by an equal amount).
Using its...
(Headline USA) A federal judge on Wednesday removed a key legal hurdle on Wednesday that was stalling President Donald Trump’s plan to downsize the federal workforce with a deferred resignation program.
U.S. District Judge George O’Toole Jr.'s order in the challenge filed by a group of labor unions was a...
(Mike Maharrey, Money Metals News Service) South Korea's mint has temporarily suspended the sale of gold bars as the rapid movement of physical gold and silver to the U.S. continues to send ripples through the precious metals markets.
As Bloomberg put it, this adds to signs of "widespread tightness across markets for physical precious...
(Money Metals News Service) Gold prices have once again shattered records, reaching $2,900 per ounce for the first time in history, as demand for the yellow metal continues to surge worldwide.
According to Mike Maharrey, host of the Money Metals Midweek Memo podcast, 2024 has already seen 40 record-high gold prices, underscoring...
(Mike Maharrey, Money Metals News Service) As gold continues to surge, two big banks have raised their gold price forecasts to $3,000, citing the threat of trade wars and geopolitical uncertainty.
Citigroup analysts now expect gold to top $3,000 in the next three months, up from their previous $2,800 forecast. The...
(Mike Maharrey, Money Metals News Service) Today, India slashed its import tax on gold and silver, a move that could further boost demand for both precious metals in the world’s second-biggest gold market and support higher prices globally.
The move will cut taxes on gold and silver imports by more...
(Mike Maharrey, Money Metals News Service) You might think of gold as old-fashioned - an investment that mostly appeals to Boomers. But in the real world, it's Millennials and Gen-Zers who are clamoring for gold.
According to a recent study by Bank of America Private Bank, 45 percent of wealthy...