Quantcast
Friday, November 22, 2024

HW_EMAIL1_SLOT4

Currency Carry Trades Become Renewed Gold Price Drivers

(Mike Gleason, Money Metals News Service) As the U.S. dollar bounces back versus foreign currencies, gold and silver markets are showing resilience. The Dollar Index is moving up sharply in the early goings of October after falling steadily for three months prior.  Currency traders ditched the Japanese yen after Japanese...

Silver Miners Struggle to Keep Up With Demand

(Mike Maharrey, Money Metals News Service) Demand for silver has skyrocketed in recent years, and supply hasn’t been able to keep up. Silver demand has outstripped supply for three straight years and the Silver Institute projects another market deficit in 2024. This is primarily due to rapidly rising industrial demand,...

Hungarian Central Bank Announces Increase in Gold Reserves

(Mike Maharrey, Money Metals News Service) The Hungarian National Bank has joined the growing number of central banks globally, increasing their gold reserves.  In a recent press release, Hungary's central bank announced it has increased its gold holdings from 94.5 tons to 110 tons this year. “The increase in the gold...

Announcing the Sound Money Fellowship: Promoting Sound Money Research

(Sound Money Defense League) The Sound Money Defense League and Money Metals Exchange are proud to announce the inaugural Sound Money Fellowship—a new program designed to foster advanced research in the field of sound money. The two groups have set aside more than 100 ounces of physical gold (currently valued at approximately $260,000) to reward...

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...
- Advertisement -
- Advertisement -

Most Read

- Advertisement -
- Advertisement -