(Kyle Anzalone, Antiwar.com) Following a high-level meeting between US and Russian officials, the State Department said Washington and Moscow will begin taking steps to normalize the diplomatic relationship between the two superpowers. US-Russian diplomacy sank during the first Donald Trump administration, and Joe Biden cut nearly all contact with Russia after...
(Jp Cortez, Money Metals News Service) An X exchange over the weekend is bringing new light to an issue long shrouded in mystery — the status of America’s purported stockpile of 8,133 tons of gold stored in Fort Knox and other government vaults across the country.
News aggregator ZeroHedge tweeted at President...
(Mike Maharrey, Money Metals News Service) My grandfather used to say, “Don’t take any wooden nickels.” The idiom basically meant, “Be careful! Don’t get cheated.”
Back in the day, small banks and merchants sometimes handed out novelty wooden nickels as promotional items. Of course, they had no value. You didn’t...
(Jesse Colombo, Money Metals News Service) Since 1973, America’s gold has been officially valued at just $42 per troy ounce—but that may soon change.
When Donald Trump won the U.S. presidential election on November 5th, gold and silver immediately plummeted—down 9% and 15%, respectively—as many investors soured on precious metals....
(Headline USA) Elon Musk's Department of Government Efficiency is seeking access to taxpayer data at the IRS, two people familiar with the inner workings of the plan who were not authorized to discuss the matter publicly told The Associated Press on Monday.
If successful, Musk and his group would have access...
(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with financial analyst Greg Weldon to discuss the state of global markets, gold’s record-breaking rally, and the looming debt crisis threatening economic stability.
Weldon, a veteran trader and macroeconomic expert, shared critical insights into...
(Mike Maharrey, Money Metals News Service) Christmas 2024 was brought to you by Visa, Mastercard, et al. Was this the last gasp of an American consumer buried under mountains of debt?
Retail sales were strong in December (up 0.7 percent). Economists and pundits lauded the "strength" of American consumers and...
(Mike Maharrey, Money Metals News Service) It’s clear that the Federal Reserve hasn’t won the inflation fight. With the CPI trending higher for four straight months, the markets aren’t pricing in another interest rate cut until September.
Isn’t a “higher for longer” interest rate environment bearish for gold?
The short answer is no...
(Headline USA) The Trump administration’s effort to slash the size of the federal workforce reached the Food and Drug Administration this weekend, as recently hired employees were fired.
Probationary employees across the FDA received notices Saturday evening that their jobs were being eliminated, according to three FDA staffers who spoke to...
(Headline USA) A series of polls by the Associated Press--NORC Center for Public Affairs Research gave a new boost to President Donald Trump, with some 70% getting behind his "America First" agenda.
Many U.S. adults said the federal government had been overspending—but polling also showed that many Americans, including Republicans,...
(Jan Nieuwenhuijs, Money Metals News Service) The U.S. Treasury can draw up to $700 billion in new funding from its gold revaluation account at the Federal Reserve. And the Treasury could invest this “new money” in a sovereign wealth fund (increasing the money supply by an equal amount).
Using its...
(Mike Maharrey, Money Metals News Service) DOGE has got its work cut out for it. Even as the new Department of Government Efficiency ferrets out wasteful spending, the constant budget deficits serve as a sobering reminder of just how much the federal government overspends month after month.
The January budget...