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(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...

(Mike Maharrey, Money Metals News Service) Fundamentally, gold is money, but it is also an extremely useful metal, especially in tech applications. Demand for gold in industry and tech was up 7 percent in 2024, driven by growth in the electronics and computing sectors. Industry and technology used 326 tons of...

(Headline USA) A federal judge on Wednesday removed a key legal hurdle on Wednesday that was stalling President Donald Trump’s plan to downsize the federal workforce with a deferred resignation program. U.S. District Judge George O’Toole Jr.'s order in the challenge filed by a group of labor unions was a...

(Peter C. Earle, Money Metals News Service) US President Donald Trump has proposed supplying Ukraine with ongoing military aid in exchange for access to its abundant reserves of rare earth minerals — elements critical to high-tech industries and defense applications. This proposal aligns with Trump’s long-standing perspective on leveraging...

(Mike Maharrey, Money Metals News Service) South Korea's mint has temporarily suspended the sale of gold bars as the rapid movement of physical gold and silver to the U.S. continues to send ripples through the precious metals markets. As Bloomberg put it, this adds to signs of "widespread tightness across markets for physical precious...