Tuesday, July 1, 2025

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Florida Governor Charts Course to End Sales Taxes on Gold and Silver

(Sound Money Defense League, Money Metals News Service) For the second time in recent years, new sound money legislation has become law in Florida. Governor Ron DeSantis signed H 999 this week, paving the way for the elimination of the Sunshine State’s remaining sales taxes on purchases of gold and silver coins, bars, and rounds. At...

Economist Thorsten Polliet: Gold Is an Asset Investors Need to Own

(Mike Maharrey, Money Metals News Service) Trade policy and tariff news are driving the markets daily, but economist Thorsten Polliet says there are deeper economic risks in play that investors should consider. “In this environment, as risks build, gold is an asset investors need to own.” Polliet serves as an Honorary...

Bank of America Eyeballs $4,000 Gold and $40 Silver

(Mike Maharrey, Money Metals News Service) Bank of America is eyeballing $4,000 gold and $40 silver by the end of the year or early 2026. Last October, the big bank projected $3,000 in 2025. BoA analysts said trade-induced geopolitical uncertainty would continue to support the metals, with growing concern about the U.S. government’s...

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...

Why the Real Threat to Your Wealth Isn’t Tariffs

(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey delivers a sharp rebuke of the financial media's obsession with tariffs and trade wars. While headlines scream about the latest deal or tariff suspension, Maharrey argues that investors are dangerously distracted from the real threat: America’s...

Physics Meets Finance: Theoretical Consequences of Man-Made Gold

(Peter C. Earle, Money Metals News Service) In a remarkable feat of modern physics, scientists at the Large Hadron Collider have managed to recreate one of humanity’s oldest fantasies: turning lead into gold. By smashing lead atoms together at near-light speeds, the resulting collisions generate immense heat and energy — conditions...

Report: CA Faces $10B-20B Annual Deficits for Years, ‘Wall of Debt’

(Kenneth Schrupp, The Center Square) California is set to experience deficits of $10 billion to $20 billion each of the next several years, according to a new report from the state-funded Legislative Analyst’s Office. The report warns the “shortfalls will become increasingly difficult to resolve over time” due to reliance...

James O’Keefe Fights to Reclaim Project Veritas Amid New Allegations

(José Niño, Headline USA) James O’Keefe, the founder of Project Veritas, is mounting a  campaign to regain control of the organization after his controversial ouster in 2023. O’Keefe founded Project Veritas in 2010, but was removed in February 2023, after a period of mounting tensions within the organization. Staff members...

Senators Worry About Spending, Debt Increase in Trump’s ‘Big, Beautiful Bill’

(Thérèse Boudreaux, The Center Square) Republicans’ behemoth budget reconciliation bill still faces major hurdles after passing the U.S. House last week, with multiple senators raising concerns about the legislation’s cost. The One Big Beautiful Bill Act in its current form hikes the debt ceiling by $4 trillion and funds large...

Report: Tariffs Driving Up Cost of New Home Construction

(J.D. Davidson, The Center Square) The cost of building a new home in Ohio is expected to rise by $30,000 as the impact of President Donald Trump’s tariffs continues to drive up prices for homebuilders, a national property management group said in a recent analysis. Evernest looked at lumber, steel...

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...
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