Thursday, November 6, 2025

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Feds Runs Another Massive Budget Deficit in July Despite Surge in Tariff Revenue

(Mike Maharrey, Money Metals News Service) Uncle Sam is cashing in on tariff revenue, but it’s not keeping up with his out-of-control spending habits. Despite triple the amount of tariff income, the July budget deficit surged to $294.14 billion, 19 percent higher than a year ago, according to the Monthly Treasury Statement. Meanwhile,...

Economics Professor: The Gold Price Could Double in the Next Decade

(Mike Maharrey, Money Metals News Service) Since hitting a record high of $3,500 an ounce in April, gold has consolidated and generally traded sideways over the last several months. Some have speculated that the rally might be over, but economist Thorsten Polleit believes the rally is far from over. In...

Federal Bureaucrat Teleworked from 10 Different Countries, Including Mexico and Lebanon

(Ken Silva, Headline USA) A newly released inspector general’s report shows that a U.S. Commodity Futures Trading Commission analyst teleworked from at least 10 different countries during the COVID era, when the Biden administration allowed bureaucrats to work remotely. The CFTC analyst, Malcolm Alexander-Neal, also filed to run for U.S....

Gold Loans, Buying, and Storage in the USA – A Complete Guide for the Indian Community

(Money Metals News Service) For generations, gold has been more than a metal for Indians — it’s a cherished symbol of prosperity, a key part of wedding traditions, and a store of value passed down through families. From Akshaya Tritiya purchases to wedding dowries, gold holds emotional and financial...

Why Gold and Silver May Be the “Last Safe Havens Standing”

(Money Metals News Service) In this week’s Money Metals Midweek Memo, host Mike Maharrey draws a sharp parallel between preparing for hurricanes and preparing for financial storms. Using his own recent investment in hurricane panels as a jumping-off point, he warns that most Americans are dangerously unprepared for economic upheaval—whether...

U.S. National Debt Tops $37 Trillion

(Brett Rowland, The Center Square) Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time. Experts expected the U.S. to pass the $37 trillion mark months ago. The Treasury Department marked the milestone in...

Social Security’s 90th Anniversary Sparks Debate Over How to Address Insolvency

(Thérèse Boudreaux, The Center Square) On the day before Social Security’s 90th anniversary, fiscal watchdogs are urging Congress to seriously address the program’s impending funding shortfalls – particularly in light of the now $37 trillion national debt – even as lawmakers met Wednesday to discuss increasing benefits. “The looming shortfalls...

July CPI and the Real Inflation Story

(Mike Maharrey, Money Metals News Service) The July CPI data indicated moderate price inflation and boosted optimism for a September interest rate cut, even though monetary inflation is on the upswing. There were no big surprises in the July CPI data, with the numbers generally coming in as forecast. Markets...

California Spending Up 50% Per Capita Since 2019

(Kenneth Schrupp, The Center Square) California’s annual state spending is up 50% per capita, or $106.3 billion, since 2019, the first year Gov. Gavin Newsom took office, highlighting the state’s growing budget woes. According to taxpayer advocates, the state government has increased spending, despite the state’s constitutionally-mandated balanced budget requirement,...

Indian Gold Jewelry Market Optimistic Demand Will Rebound in H2

(Mike Maharrey, Money Metals News Service) Indian jewelry dealers remain upbeat despite headwinds created by higher prices. They expect demand to rebound in the latter half of the year and are aggressively stocking inventory as the fall festival and wedding season approaches. India ranks as the second-largest gold market in...

Gold & Silver Drop as U.S. Rules Out Bullion Tariffs

(Jesse Colombo, Money Metals News Service) I wanted to post a quick follow-up to the recent tariff saga that has whipsawed the gold market in recent days—and, by extension, silver, due to their close correlation. I first covered this on Saturday, and yesterday brought the latest development. After some back-and-forth over...

Trump Confirms Nvidia Chip Agreement

(Andrew Rice, The Center Square) Nvidia will pay the United States 15% of the money it makes from selling artificial intelligence chips to China, President Donald Trump said in a press conference on Monday. Trump said he allowed Nvidia CEO Jensen Huang to sell H20 chips to China while the...
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