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Tuesday, November 5, 2024

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Silver is Starting to Break Out. Here’s What to Watch.

(Jesse Colombo, Money Metals News Service) Last week, I published a Substack piece titled “Here's When Silver Will Surge Like Gold” and followed it up with a related Twitter thread that quickly went viral. China cut interest rates last week and unveiled an extensive stimulus package to boost its struggling economy. These...

Welfare Fraud Charges Filed Against 103 Recipients

(Christen Smith, The Center Square) Pennsylvania investigators charged 103 welfare recipients with fraud over the summer, according to an announcement Wednesday from the Office of Inspector General. All but one of the beneficiaries risk felony convictions, which carry possible maximum penalties of seven years in prison and $15,000 fines. The...

OpenAI CEO Sam Altman Takes 7% after Claiming ‘I Don’t Really Need More Money’

(Victoria Cook, Headline USA) Sam Altman, cofounder and CEO of artificial intelligence heavyhitter OpenAI is to receive 7% of the company's stock shares, estimated at $10.5 billion. This action, along with its recent shift to become a for-profit enterprise, contradicts prior statements Altman has made in the last year...

Ex-‘Shark Tank’ Star Mark Cuban Wants to be Head of SEC

(Victoria Cook, Headline USA) Billionaire entrepreneur Mark Cuban endorsed Vice President Kamala Harris for president this week in what could be a bid to become the head of the Securities and Exchange Commission.  Without hesitation, Cuban told Fox Business's Neil Cavuto on Wednesday that he would choose to be the...

BRICS Nations Working on Internat’l Payment System; Gold Part of Plan

(Mike Maharrey, Money Metals News Service) The BRICS economic block is pushing forward with plans to develop a system that would facilitate international payments outside the dollar system, with gold serving an important role in the scheme. According to the Russian news agency TASS, BRICS officials are “developing a wide...

Kamala Appears Confused When Asked How She’ll Pay for Her Policies

(Headline USA) Vice President Kamala Harris appeared genuinely confused when asked this week how she would secure funding for her proposals if Republicans still control Congress after November’s election. Harris sat down with MSNBC’s Stephanie Ruhle on Wednesday for her second ever solo interview. At one point, Ruhle asked Harris...

Israel Considers Limiting Ownership of Gold and Silver, Eliminating Large-Denomination Notes

(Mike Maharrey, Money Metals News Service) Israel is poised to take the war on cash to another level by eliminating the highest denomination of Israeli currency and limiting private ownership of gold and silver. According to a report by YNetNews.com, Prime Minister Benjamin Netanyahu has asked high-ranking government officials to discuss...

Is Silver Poised to Outperform Gold in This Gold Bull Market?

(Mike Maharrey, Money Metals News Service) Don’t overlook silver. Gold has been in the spotlight this year. The yellow metal has set multiple records and has outperformed a red-hot stock market. Meanwhile, in the shadows, silver has enjoyed a nice run-up of its own. The white metal is up 29...

Just How Well Is Gold Doing This Year? It’s Beating Stocks!

(Mike Maharrey, Money Metals News Service) Anybody paying any attention at all knows that gold is setting records. But just how good is gold doing in 2024? It is outperforming stocks. And pretty much everything else. Gold closed at yet another record high on Friday, ending the week at $2,622 per ounce....

How Congress Allocates Billions to Fund the Border Crisis Nationwide

(Bethany Blankley, The Center Square) As Americans struggle with high inflationary costs, paying record high grocery costs and energy bills, Congress continues to allocate billions of dollars of taxpayer money to fund services for illegal border-crossers living in U.S. cities. Prior to the last budget funding showdown in March, House...

App Exposes Worst of U.S. Military Housing

(Brett Rowland, The Center Square) An app that allows U.S. service members to anonymously post photos of the conditions in military barracks and dining facilities includes images of mold, mice, maggots, cockroaches, brown tap water and broken AC units, among other problems. The app, called Hots&Cots, allows registered users to...

India Reports Record Gold Imports in August

(Mike Maharrey, Money Metals News Service) India reported record gold imports in August after the country slashed its import duty the month before. India ranks as the world's second-largest gold consumer behind China. In July, the Indian government cut taxes on gold and silver imports by more than half, lowering duties...
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