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(Dave DeCamp, Antiwar.com) Acting Deputy Secretary of Defense Robert G. Salesses said in a statement on Wednesday night that Secretary of Defense Pete Hegseth has ordered a review of Pentagon spending to realign spending to fund priorities of the Trump administration. The statement from Salesses came after a report from The Washington Post said that...

(Luis Cornelio, Headline USA) Time to celebrate—thousands of Biden-era IRS workers lost their jobs on Thursday, weeks before they could target and harass Americans on Tax Day.  President Donald Trump authorized the firing of between 6,700 and 7,000 IRS employees, highlighting the seriousness of his pledge to slash the federal bureaucracy.  The...

(Mike Maharrey, Money Metals News Service) Gold demand in China continued to show signs of growth last month despite the relentless climb in prices. China ranks as the world's largest gold market. As Jesse Colombo reported, aggressive Chinese futures traders on the Shanghai Futures Exchange (SHFE) helped drive last year's gold bull...

(Mike Maharrey, Money Metals News Service) Gold had quite a run in 2024, hitting record highs 40 times. That momentum carried over into 2025, with new record highs above $2,900 an ounce. One might expect these higher prices to put a drag on demand for gold jewelry, but surprisingly, the impact has been...

(Brien Lundin, Money Metals News Service) Gold continues to explode higher as fractures spread in the global gold market. I’ve been reporting on the extraordinary gold flows of recent weeks, which have been driving the price of gold to record levels. Those mysterious flows, generally blamed on concerns over potential U.S. tariffs...

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey dives deep into the Federal Reserve’s ever-changing stance on inflation, the reality behind rising consumer prices, and a seemingly unrelated yet important development—the end of the U.S. penny. Through sharp analysis and historical comparisons,...

(Dave DeCamp, Antiwar.com) Secretary of Defense Pete Hegseth has ordered Pentagon leaders to develop plans to make sweeping cuts to the Defense Department’s budget, The Washington Post reported on Wednesday. According to a memo obtained by the Post, Hegseth’s order calls for an 8% cut to the Pentagon budget each year...

(Headline USA) President Donald Trump said Wednesday that he likes the idea of giving some of the savings from Elon Musk's Department of Government Efficiency back to U.S. citizens as a kind of dividend. He said at an investment conference in Miami that the administration is considering a concept in which...

(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....