Friday, June 6, 2025

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Singapore Gold Launch Could Threaten London & NY Dominance

(Mike Maharrey, Money Metals News Service) A Singapore-based startup hopes to challenge New York and London's dominance of the gold market. Abaxx Exchange recently launched a physical 1-kilo gold contract. It will be denominated in dollars and deliverable in Singapore. It will be the first and only physical gold futures...

More Than 200 Republicans Work To Sabotage Chances of Iran Nuclear Deal

(Dave DeCamp, Antiwar.com) More than 200 Republicans in Congress have sent a letter to President Trump urging him that any deal with Iran must involve the complete dismantlement of Tehran’s nuclear enrichment program, which Iranian officials have made clear is a non-starter. The letter was signed by 177 GOP House...

What Is the Current Inflation Situation?

(Mike Maharrey, Money Metals News Service) What is the current inflation situation? If you just go by the CPI, things are looking pretty good. We got a better-than-expected “inflation” report for the third straight month. Prices rose 2.3 percent on an annual basis in April, the lowest rate since February...

Beyond the Headlines: Why Gold Still Matters in a Debt-Soaked, Dollar-Weary World

(Money Metals News Service) In the latest Money Metals Midweek Memo, host Mike Maharrey delivered a powerful reminder to investors: stop reacting to the 30-second news cycle and start thinking long-term. With financial markets whipsawing on every tweet and press release, Maharrey urged listeners to step back, take a breath, and...

Ex-NYC Mayor de Blasio Agrees to Pay $330K for Misusing Public Funds on Failed White House Bid

(Headline USA)  Former New York City Mayor Bill de Blasio has agreed to pay a $329,794 fine to settle an ethics board’s complaint that he misspent public funds on his security detail during his brief, failed run for U.S. president. The deal, announced Wednesday by the city’s Conflicts of Interest...

$3.8 Trillion Bill Codifying Trump Tax Cuts Passes House Committee

(Thérèse Boudreaux, The Center Square) After 17 hours of debate, lawmakers on the House Ways and Means Committee voted along party lines to advance Republicans’ $3.8 trillion tax cut bill, a significant step forward in codifying President Donald Trump’s campaign priorities through the budget reconciliation process. Under the Republican budget...

Newsom Calls for Ending New Medi-Cal Enrollments for Adult Illegal Immigrants

(Dave Mason, The Center Square) California Gov. Gavin Newsom on Wednesday called for an end to new enrollments of adult illegal immigrants in Medi-Cal to save more than $5 billion. The proposal by the governor, who's viewed as a potential Democratic presidential candidate in 2028, is a reversal of his...

The Logic of Debt Under Fiat: The Student Edition

(Joakim Book, Money Metals News Service) Anyone who looks at fiat currency long enough, eyes wide open, usually comes to the conclusion that this is an upside-down world. Unlike gold or silver as sound money, under fiat currency thrift is penalized, financial surpluses are burdens, and losses are good. With tax...

GOP Budget Plan Limits SNAP Work Requirement Waivers, Tells States to Help Pay

(Thérèse Boudreaux, The Center Square) Republican lawmakers are prepared to defend their budget plan that shifts some of the costs of the Supplemental Nutrition Assistance Program to the states and better enforces SNAP work requirements. Under the Republican budget reconciliation framework, the House Committee on Agriculture must find savings of...

Trump Will Lift All Sanctions on Syria, Will Meet HTS Leader Wednesday

(Jason Ditz, Antiwar.com) President Trump has announced that he will lift all sanctions the US has against the Syrian government, which he says will “give them a chance at greatness.” He will also meet Syria’s leader, Hayat Tahrir al-Sham (HTS) leader Ahmed al-Sharaa on Wednesday. The US has had sanctions...

Money Metals Exchange Announces International Sound Money Scholarship For 10th Straight Year

(Sound Money Defense League, Money Metals News Service) For the tenth straight year, a leading U.S. precious-metals dealer has teamed up with the nation’s preeminent sound money policy groups to help students pay for the ever-increasing costs associated with continuing education. Money Metals Exchange, Sound Money Defense League, and the Sound Money Foundation are proud...

Review: World Silver Survey 2025

(Peter Krauth, Money Metals News Service) The Silver Institute recently released its highly anticipated annual World Silver Survey 2025 (WSS). It’s one of the few deep reviews of the silver markets, and it’s compiled by Metals Focus for the Silver Institute. With the benefit of hindsight, the authors look back at...
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