Sunday, May 3, 2026

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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...

Number of Americans Struggling Because of Higher Prices Grows

(Casey Harper, The Center Square) Newly released polling data showed that a large percentage of Americans report that the recent spike in inflation is making it harder to make ends meet. Monmouth University released a poll Wednesday showing 46% of Americans are “currently struggling to remain where they are financially.” That figure...

Want Reliable Money? Stop Trusting Central Bankers

(Jp Cortez, Sound Money Defense League) Author and historian Yuval Noah Harari recently commented that Bitcoin is a currency of “distrust,” emphasizing that “the preference for Bitcoin is based on distrust of human institutions.” He argues that “the whole purpose of money is to create trust between strangers,” enabling...

Gold’s Role as an Inflation Hedge in the 21st Century

(Mike Maharrey, Money Metals News Service) Since mid-2021, we lived through the worst price inflation since the 1970s. CPI peaked in June 2022 at 9.1 percent. During this inflationary period, a lot of people sold gold as evidenced by the rangebound price through most of 2023. Was selling a good...

Sagging Retail Sales: Another Sign Americans May Be Tapped Out

(Mike Maharrey, Money Metals News Service) It's starting to get difficult for the most optimistic cheerleader to pretend this economy is "robust." We got more evidence today that the American consumer is tapped out. And that's really bad news for an economy that depends on consumers buying stuff to keep rolling...

American Airlines Stewardess Accused of Discriminating over MAGA Hat

(Molly Bruns, Headline USA) Heather Mullins, an independent journalist and Donald Trump supporter, accused an American Airlines stewardess of discriminating against her for wearing a "Make America Great Again" hat, according to the Daily Mail. Mullins said the flight attendant skipped her drink order and responded unprofessionally when asked about it,...

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 Wants to Cut Rates, Appears Trapped by Inflation

(Stefan Gleason, Money Metals News Service) As the Fed keeps hopes alive for at least one rate cut this year, metals investors are weighing the inflation outlook.  Gold and silver markets have recently been giving back some of their impressive gains this year. So far, it looks like a normal...

The Petrodollar Is Dead and That’s a Big Deal

(Mike Maharrey, Money Metals News Service) The petrodollar quietly died this week. While it didn't get big headlines, the demise of the petrodollar could mean big trouble for a U.S. government that depends on dollar dominance to support its borrowing and spending. "Petrodollar" refers to the dollar's role in crude...

Singapore Set to Be World’s Gold Hub as Gold Shifts from West to East

(Mike Maharrey, Money Metals News Service) Singapore is set to usurp London and New York as the world’s gold hub as the yellow metal shifts from West to East. According to the World Gold Council head of Asia-Pacific and global head of central banks Shaokai Fan, the “center of gravity”...

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...

Biden Picks Successor for FDIC Chair Who Resigned Due to Toxic Workplace

(Headline USA) President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation. The announcement from the White House on Thursday came after Gruenberg’s tenure became marred by allegations of workplace abuse that led to him to resign. A longtime financial regulator,...
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