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Tuesday, December 24, 2024

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Money Metals’ Midweek Memo: Mainstream Media Misrepresents Gold

(Money Metals News Service) In the latest episode of Money Metals' Midweek Memo, host Mike Maharrey delves into the mischaracterization of gold by the mainstream media and its implications for investors. Maharrey starts with an analogy of shark attacks from a few years ago, illustrating how media hype can distort...

Report: Bidens Refinanced House 20 Times to Borrow $4.2M

(Ken Silva, Headline USA) They say corruption pays. But in the case of President Joe Biden, it apparently didn’t pay him enough to prevent him from borrowing a whopping $4.2 million on a house he bought for $350,000. According to a Monday report from the Daily Mail, Biden refinanced his...

Hockey’s Great Silver Reward

(Mike Maharrey, Money Metals News Service) You've probably heard the phrase, "Go for the gold!" Well, in hockey, they do things a little differently. It's "Go for the silver!" Tonight, hockey players from either Edmonton or Florida will skate around holding a giant silver Cup over their heads. The NHL will...

Leftist Wisc. Judges Redefine ‘Sidewalk’ to Justify Gov’t Property Theft

(Jacob Bruns, Headline USA) In violation of the U.S. Constitution's guaranteed right to the acquisition and protection of one's own property, Wisconsin judges redefined what a sidewalk is in order to allow the state to seize the property of a private business, Reason reported. On Wednesday, the Supreme Court of...

Biden Funnels $110M to Haiti Despite PM’s Corruption Admission

(Luis Cornelio, Headline USA) The Biden administration will deliver $110 million in taxpayer-funded aid to Haiti, even after the poverty-stricken country’s prime minister raised alarms about rampant corruption within his government.  On Thursday, a Biden official told Reuters that the U.S. will provide the multi-million aid package for security and police assistance. “The...

Is China Hiding How Much Gold It Really Has?

(Mike Maharrey, Money Metals News Service) A few weeks ago, gold sold off on news that the People’s Bank of China didn’t add any gold to its reserves in May. At the time, I called it a “kneejerk reaction,” and said the news wasn’t “a particularly good reason to sell...

Indian Gold Demand Remained Strong in May Despite Record Prices

(Mike Maharrey, Money Metals News Service) Indian gold demand remained strong last month despite record prices. India ranks as the world’s number two gold consumer, just behind China.  According to the World Gold Council, there is currently strong, positive consumer sentiment toward gold in India, and it is currently viewed...

Biden Administration Runs Biggest Deficit of the Year in May

(Mike Maharrey, Money Metals News Service) The Biden administration ran the biggest monthly budget deficit of the year in May as it continues to spend money hand over fist. Federal spending overshot receipts by $347.13 billion last month, despite a 5 percent increase in revenues, according to the Monthly Treasury...

Federal Reserve Monetary Policy: Speculation and Wild Guesses

(Mike Maharrey, Money Metals News Service) It's almost as if the central bankers at the Federal Reserve are throwing darts at the wall to determine the trajectory of monetary policy. And I'm not convinced there is even a dartboard on the wall. And yet, people keep selling gold and silver based...

Hochul Backs Off ‘Congestion Pricing’ Plan to Charge NYC Commuters

(Christian Wade, The Center Square) In a stunning reversal, New York Gov. Kathy Hochul is putting the brakes on New York City's controversial congestion pricing plan, citing the cost to motorists from the new tolls. On Wednesday, Hochul announced that "after careful consideration," she has directed the Metropolitan Transportation Authority...

DOJ Charges Newspaper Executive in $67M Crypto-Laundering Scheme

Update: Following the publication of this article, The Epoch Times released the following statement: "The company intends to and will fully cooperate with any investigation dealing with the allegations against Mr. Guan. In the interim, although Mr. Guan is innocent until proven guilty beyond a reasonable doubt, the company has...

Investing in a World of Uncertainty

(Clint Siegner, Money Metals News Service) The rapidly eroding confidence in our institutions gets plenty of news coverage. We expect it will be a dominant theme for investors in the years ahead. Investing success may require correctly answering the question about what to own in a world where free market...
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