(Mike Gleason, Money Metals News Service) Gold has been the headline performer in the first half of the year – breaking records and commanding attention. But in the second half of 2024, silver may be set to steal the show.
Silver has been quietly outperforming gold since February. Silver prices...
(Jacob Bruns, Headline USA) New York Times columnist Paul Krugman, a Nobel Prize-winning economist and notorious left-wing propagandist (whose work often casts serious aspersions on the once-prestigious award), penned a recent piece claiming that President Joe Biden's economy has been so vibrant that he should consider downplaying his success as an electoral...
(Mike Maharrey, Money Metals News Service) When the Federal Reserve started raising rates, it precipitated a financial crisis. The central bank managed to paper over the problem with a bailout program, but the crisis continues to bubble and percolate under the surface.
According to the latest data from the FDIC,...
(Christian Wade, The Center Square) In a stunning reversal, New York Gov. Kathy Hochul is putting the brakes on New York City's controversial congestion pricing plan, citing the cost to motorists from the new tolls.
On Wednesday, Hochul announced that "after careful consideration," she has directed the Metropolitan Transportation Authority...
(Money Metals News Service) Welcome to the Money Metals Midweek Memo, hosted by Mike Maharrey, where we discuss news and commentary related to sound money, precious metals markets, and the economy.
Today's focus is on silver, often overshadowed by gold but currently experiencing significant gains and attracting investor interest.
Silver's Recent Performance
Silver recently...
(André Marques, Money Metals News Service) Central banks’ monetary policies are the most perverse government intervention. Their consequences are dire, last for a very long time, and people don’t perceive them as problems or don’t comprehend the damage they are doing. Monetary policy (monetary expansion and artificially low interest...
Correction: An earlier version of this story mistakenly said Rep. Matt Gaetz was the largest beneficiary based on reporting from the Post that relied on old data. The Post subsequently issued a correction, although viewers using an archive site to circumvent the paywall may not have seen the updated...
(Mike Maharrey, Money Metals News Service) After a weak March, central bank gold buying rebounded in April with global net purchases of 33 tons, according to the latest data compiled by the World Gold Council.
Net central bank gold buying in March was downwardly revised to 3 tons with the...
(Mike Maharrey, Money Metals News Service) Last month, silver cracked the key resistance of $30 an ounce level for the first time in over a decade. It’s been quite a bull run for silver, and Chen Lin thinks it has plenty of legs left.
Lin is the founder of Lin...
Update: Following the publication of this article, The Epoch Times released the following statement: "The company intends to and will fully cooperate with any investigation dealing with the allegations against Mr. Guan. In the interim, although Mr. Guan is innocent until proven guilty beyond a reasonable doubt, the company has...
(Clint Siegner, Money Metals News Service) The rapidly eroding confidence in our institutions gets plenty of news coverage. We expect it will be a dominant theme for investors in the years ahead.
Investing success may require correctly answering the question about what to own in a world where free market...
(Mike Maharrey, Money Metals News Service) The Federal Reserve was sold as a way to "provide the nation with a safer, more flexible, and more stable monetary and financial system."
That's not what the central bank does.
In fact, the Fed destabilizes the monetary system by constantly interjecting itself into it,...