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Saturday, November 23, 2024

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Indian Central Bank Goes on Gold Buying Spree

(Mike Maharrey, Money Metals News Service) The Reserve Bank of India has followed the lead of China and other Eastern central banks and ramped up its accumulation of gold. According to the latest data released by the RBI, the Indian central bank increased its gold reserves by 24 tons through...

CIA’s 1st CTO: Agency ‘All In 100%’ on Harnessing the Power of AI

(Headline USA) Knowledge advantage can save lives, win wars and avert disaster. At the Central Intelligence Agency, basic artificial intelligence---machine learning and algorithms---has long served that mission. Now, generative AI is joining the effort. CIA Director William Burns says AI tech will augment humans, not replace them. The agency's first chief technology officer,...

Microsoft Will Use AI Copilot to Track and ‘Recall’ Everything Windows Users Do

(Headline USA) Microsoft wants laptop users to get so comfortable with its artificial intelligence chatbot that it will remember everything you're doing on your computer and help figure out what you want to do next. The software giant on Monday revealed an upgraded version of Copilot, its AI assistant, as...

SIGNED INTO LAW: Alabama Abolishes Income Taxes on Gold and Silver

(Money Metals News Service) On May 14, 2024, Alabama Governor Kay Ivey signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles. With this move, Alabama joins a...

Hunter Biden’s Sugar Brother ‘Tapped Out,’ Will No Longer Cover His Legal Expenses

(Headline USA) Hunter Biden’s “sugar brother,” Kevin Morris, reportedly told his associates that he can no longer cover the first son’s legal expenses. The development comes as Hunter Biden is set to face two trials starting next month. “The reason Kevin got involved financially in the first place was that he could...

Several States Take Steps to Block a Central Bank Digital Currency

(Mike Maharrey, Money Metals News Service) Several states have taken action over the last two years in an effort to block the implementation of a central bank digital currency (CBDC) in the United States. Indiana was the first state to pass legislation relating to central bank digital currency. Enacted in...

Understanding Roosevelt’s 1933 Gold Confiscation

(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the topic of Franklin D. Roosevelt's gold confiscation during the Great Depression, framed within a broader discussion of government power and individual compliance. Personal Anecdotes and Government Compliance Maharrey begins by relating his...

Americans Aren’t Convinced the Fed Is Winning the Inflation Fight

(Mike Maharrey, Money Metals News Service) Fed officials and people in the Biden administration insist "we" are making progress in tamping down price inflation. Many market analysts are optimistic enough to believe that the central bank will be able to cut interest rates this fall. But the average American isn't...

Will the United States Become the Next Argentina?

(Stefan Gleason, Money Metals News Service) Let’s give credit where credit is due. Facing down a record-high budget deficit and an entrenched inflation problem, the government is finally embracing fiscal responsibility in a significant way. Thanks to sweeping spending cuts enacted this year, the government has posted three consecutive monthly...

The Resurgence of Gold and Silver as Legal Tender: An Interview with Jp Cortez on Kitco News

(Money Metals News Service) In a recent episode of Kitco News, host Jeremy Szafron spoke with Jp Cortez, Executive Director of the Sound Money Defense League, about the resurgence of gold and silver as legal tender in the United States. This initiative, led by Sound Money Defense League and Money Metals Exchange,...

Senators from 17 States Want Postal Service to Pause 10-year Plan to Save $160B

(Joe Mueller, The Center Square) – A bipartisan group of 26 U.S. senators from 17 states are urging leaders of the U.S. Postal Service to delay execution of its strategic plan. “We call on you to pause planned changes to the U.S. Postal Service’s processing and delivery network under the ‘Delivering...

Convenience Store Gold Flying Off Shelves in Korea!

(Mike Maharrey, Money Metals News Service) Tiny bars of gold are flying off the shelves in South Korean convenience stores. This is yet another example of the movement of gold from West to East. Korea’s largest convenience store chain, CU, has teamed up with Korea Minting and Security Printing Corporation...
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