Tuesday, July 1, 2025

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Peak Gold? Gold Mine Production Has Plateaued in Recent Years

(Mike Maharrey, Money Metals News Service) Gold mine output has been basically flat since 2018. Could this signal that we are at or near “peak gold?” Gold mines globally produced an estimated 3,661 tonnes of gold in 2024. It was a new record, but only 3 tonnes higher than the...

Crooks Steal Millions in Gold and Silver in Brazen Jewelry Store Burglaries

(Mike Maharrey, Money Metals News Service) Acquiring and holding hard assets is one thing. Keeping them safe is quite another. A Southern California business owner -- and his customers -- just learned this the hard way. In recent days, thieves cleaned out a Simi Valley jewelry store, making off with...

The U.S. Dollar is at a Critical Inflection Point

(Jesse Colombo, Money Metals News Service) The U.S. Dollar Index is at a critical inflection point, and how it behaves from here will have a major impact on the direction of gold, silver, and commodities. As a quick reminder, the U.S. dollar typically trades inversely with commodities—when the dollar rises,...

Trump Rejects Paramount’s $15M Settlement Offer over Doctored Kamala Interview

(Headline USA) President Donald Trump suffered “mental anguish” from CBS News' editing of a “60 Minutes” interview with Democratic opponent Kamala Harris last fall, his lawyers are arguing in court papers. Trump's status as a “content creator” was also damaged by attention given to the interview, lawyers said. It was...

Court Blocks Trump’s ‘Liberation Day’ Tariffs

(Brett Rowland, The Center Square) A federal court ruled Wednesday that President Donald Trump doesn't have unilateral authority to impose tariffs under an emergency law, blocking tariffs that upended markets and worried businesses and consumers. The three-judge panel on the U.S. Court of International Trade unanimously ruled Congress did not...

A Second Crypto Investor is Charged With Kidnapping and Torturing a Man in a Posh NYC Townhouse

(Headline USA)  A second cryptocurrency investor surrendered to police Tuesday in the alleged kidnapping of a man who said he was tortured for weeks inside an upscale Manhattan townhouse by captors seeking the password to his Bitcoin account. William Duplessie, 32, faces charges of kidnapping, assault, unlawful imprisonment and criminal...

India Gold Imports Resilient Despite Price Pressure

(Mike Maharrey, Money Metals News Service) Despite high prices pressuring demand, Indian gold imports remained resilient in April. India ranks as the world's second-largest gold market behind China. India imported $3.1 billion in gold in April, according to Ministry of Commerce data. That was significantly lower than March, but above the January-February...

Colombian National Arrested for 2024 Voter Fraud, $400K Identity-Theft Scheme

(Luis Cornelio, Headline USA) The DOJ arrested an illegal alien accused of voting in the 2024 presidential election and stealing nearly half a million dollars in taxpayer-funded benefits by using a stolen identity.  Lina Maria Orovio-Hernandez allegedly used that identity for more than 20 years, collecting over $400,000 in government entitlements and...

WATCH: Trump Signs Executive Orders to Help Nuclear Industry in U.S.

(Morgan Sweeney, The Center Square)  – President Donald Trump signed several executive orders on nuclear energy Friday that Trump said would make the U.S. the “real power” in the industry. From the White House: President Trump Signs Executive Orders in the Oval Office, May 23, 2025 U.S. Secretary of the Interior...

Come On Moody’s, Tell Us Something We Didn’t Know!

(Mike Maharrey, Money Metals News Service) The most surprising thing about Moody’s downgrade of the U.S. government’s credit rating was that so many people seemed surprised. The reaction should have been, “Tell us something we didn’t already know!” Last Friday, Moody’s cut Uncle Sam’s credit rating by one notch, from...

Pentagon Credit Cards Used on Gambling, Weed, and Other Dubious Charges

(José Niño, Headline USA) Republican lawmakers are seeking a deeper investigation into fraudulent Pentagon expenditures after the Department of Defense Inspector General released a report in January, finding that officials have failed to properly monitor and review thousands of high-risk transactions made with government-issued travel cards.  https://twitter.com/GOPoversight/status/1924532529748467927 The audit revealed that...

U.S. Market Helping Drive Silver Jewelry Demand Higher

(Mike Maharrey, Money Metals News Service) Silver jewelry demand is on the rise globally, another factor pushing the silver market to its fourth straight supply deficit in 2024. The U.S. market is playing an important role in this trend. Industrial silver demand set a record last year, but despite the increase in...
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