Saturday, May 10, 2025

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Why Gold? The Russian Case Study

(Mike Maharrey, Money Metals News Service) If you wonder why so many central banks continue to load up on gold, Russia’s experience with the yellow metal provides the answer. Russia launched a gold buying spree beginning in 2014. Over the next six years, the Bank of Russia increased its reserves...

Making Sense of Last Week’s Price Drop In Precious Metals

(Clint Siegner, Money Metals News Service) Silver prices dropped 12% in the final two trading days of last week. Gold lost 2.6%. While gold has held up relatively well, silver fell in tandem with the general stock market after President Trump announced reciprocal tariffs against nations that impose a levy...

Black Man Who Stabbed White Teen Raises $160K in Donations

(Luis Cornelio, Headline USA) Hundreds of individuals have reportedly donated over $160,000 to a digital fundraiser for Karmelo Anthony, the man accused of fatally stabbing a 16-year-old white teen at a Texas track meet..  The fund—started by Anthony’s family—appeared to seek to cover the legal fees tied to first-degree murder charges....

The Dow-to-Gold Ratio: Is the Bubble About to Pop?

(Mike Maharrey, Money Metals News Service) Stocks have taken a beating over the last several days. The conventional wisdom is that the sell-off is due to worries about the impact of the Trump tariffs. The aggressive tariff regime certainly triggered the sudden and sharp downturn in the stock market, but...

Silver Set to Explode as Gold Breaks Records

(Money Metals News Service) In the latest episode of the Money Metals podcast, host Mike Maharrey welcomes Peter Krauth—veteran resource market analyst, publisher of Silver Stock Investor and Silver Advisor, and author of The Great Silver Bull. Together, they explore the rapid acceleration in gold prices, silver’s current lag, and why both metals may be poised for...

OPINION: As Tariffs Tank Markets, Economy Thirsts for Tax Cuts

(Deroy Murdock, Headline USA) More carrots, please! Feeling flogged by sticks, Wall Street greeted President Donald J. Trump’s Liberation Day with a bellowing Bronx cheer. On Wednesday, Trump unveiled 10% across-the-board tariffs on all imports, plus reciprocal taxes tailored to foil foreign tariffs on U.S. goods. Financial markets opened Thursday and...

CA Fails Audit of Federal Programs, 66% of COVID Unemployment Benefits in Question

(Kenneth Schrupp, The Center Square) California did not materially comply with the requirements for seven of the 22 federal programs the state auditor examined, including “pervasive” noncompliance in its unemployment benefits program, which could put essential federal funding at risk. “This report concludes that the State did not materially comply...

2 States Poised to be First Since 1980 to Eliminate Income Tax

(Headline USA) About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their economies keep growing. The push to zero out the income tax...

U.S. Senate Passes Budget Framework after Series of Overnight Votes

(Dan McCaleb, The Center Square) The U.S. Senate passed a budget framework early Saturday that would extend the Tax Cuts and Jobs Act from President Donald Trump's first term and raise the debt ceiling by up to $5 trillion. It also would increase spending for border security and national...

A Dollar’s Not Worth Much But It Makes Good Wallpaper

(Mike Maharrey, Money Metals News Service) Is a dollar worthless? No. Well, not quite. Dollars make good wallpaper. If you visit Charleston, S.C., stop by The Griffon - English Style Pub. You’ll find the inside wallpapered with dollar bills. There are dollar bills on the walls. There are dollar bills on...

Central Banks Gobbled Up More Gold in February

(Mike Maharrey, Money Metals News Service) Record prices haven't dulled central banks' appetites for gold. Globally, central banks officially added another net 24 tonnes of gold to their reserves in February, according to the latest data released by the World Gold Council. Poland was the biggest buyer in February, adding...

Indians Turning to Gold as Stocks Sag

(Mike Maharrey, Money Metals News Service) Indian investors are turning to gold as the domestic stock market tanks. This isn't a surprise, but there is a twist. Indians are increasingly turning to ETFs to gain exposure to the yellow metal. Indians have a long love affair with gold. The country ranks...
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