(Mike Maharrey, Money Metals News Service) Iran has found a solution to its inflation problem. Just lop some zeros off the currency.
A parliamentary economics committee recently approved a bill to re-denominate the rial. The new currency would retain the name, but one new rial would equal 10,000 old rials.
Imagine...
(Mike Maharrey, Money Metals News Service) The Bolivian government is using gold to maintain the country's solvency.
Large amounts of dollar-denominated debt burden Bolivia, and the country owns the lowest credit rating of any Latin American country, according to S&P Global. The country’s debt is rated Ca, defined as “likely...
(Tate Miller, The Center Square) President Donald Trump’s Department of Education is working to restore the student aid FAFSA form after the Biden administration made what should be a couple-minute long process into a days-long one.
As a part of the rehabilitation effort, Secretary of Education Linda McMahon attended a...
(Thérèse Boudreaux, The Center Square) The White House is touting a new economic analysis that estimates taxpayers will see an average $3,752 tax cut in 2026, due to provisions in the One Big Beautiful Bill Act.
According to the nonpartisan Tax Foundation report, taxpayers in every state will see reduced...
(Mike Maharrey, Money Metals News Service) Government currency debasement steals your wealth and erodes your purchasing power, but there is a situation in which you can use the devaluation of our money to your advantage.
If you have to pay a fine and want to make a point.
That’s exactly what...
(Mike Maharrey, Money Metals News Service) Uncle Sam is cashing in on tariff revenue, but it’s not keeping up with his out-of-control spending habits.
Despite triple the amount of tariff income, the July budget deficit surged to $294.14 billion, 19 percent higher than a year ago, according to the Monthly Treasury Statement.
Meanwhile,...
(Brett Rowland, The Center Square) Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time.
Experts expected the U.S. to pass the $37 trillion mark months ago. The Treasury Department marked the milestone in...
(Mike Maharrey, Money Metals News Service) Indian jewelry dealers remain upbeat despite headwinds created by higher prices. They expect demand to rebound in the latter half of the year and are aggressively stocking inventory as the fall festival and wedding season approaches.
India ranks as the second-largest gold market in...
(Clint Siegner, Money Metals News Service) There are hints that at least a few within the federal government are toying with the idea of revaluing U.S. gold reserves.
The 261.5 million ounces of gold reportedly owned by the U.S. Treasury have been held on the books at just $42.22/oz since the last...
(Morgan Sweeney, The Center Square) Though the economy and immigration were issues that helped President Donald Trump secure the White House, some economists have said that too steep a decline in immigration will prove harmful to the economy.
The Trump administration touted a statistic Monday reported by CNN the day...
(Chris Powell, Money Metals News Service) Last week, the Federal Reserve seemed to take note of the increasing speculation about the possibility of revaluing U.S. gold reserves to improve the financial position of governments and central banks, enabling more money creation and debt reduction.
This took the form of a...
(Mike Maharrey, Money Metals News Service) Gold inflows into ETFs through the first half of 2025 hit levels not seen since the pandemic, and that trend continued through July.
According to the latest data compiled by the World Gold Council, 22.8 tonnes of gold valued at around $3.2 billion flowed...