Friday, September 19, 2025

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Data Discrepancy Highlights Difficulty of Tracking Chinese Gold Reserves

(Mike Maharrey, Money Metals News Service) According to Canadian customs data, coal, canola, and petroleum rank as the country’s top exports to China. But Chinese records tell a different story. Based on China’s data, gold is the top Canadian import. This discrepancy underscores the difficulty in tracking Chinese gold reserves. Based...

Iran’s Proposed Inflation Fix Is as Old as Time

(Mike Maharrey, Money Metals News Service) Iran has found a solution to its inflation problem. Just lop some zeros off the currency. A parliamentary economics committee recently approved a bill to re-denominate the rial. The new currency would retain the name, but one new rial would equal 10,000 old rials. Imagine...

Republicans Respond to Data Showing 10M Will Soon Lose Medicaid Coverage

(Thérèse Boudreaux, The Center Square) Democrats are sounding the alarm over a new analysis showing that the One Big Beautiful Bill Act will cause millions of Medicaid recipients to lose their current coverage. According to the Congressional Budget Office’s newest estimate, Medicaid reforms in the One Big Beautiful Bill Act...

Planned Restart of California Oil Production Faces Legal Challenges

(Alton Wallace, The Center Square) Oil and gas production resumed on May 15 that had been out of service for 10 years after an oil spill off the California coast, with the restart of the Santa Ynez Unit in the Santa Barbara Channel expected to boost U.S. energy supplies...

FUNNY MONEY: Gold Revaluation, Bitcoin Reserve, and Other Shell Games

(Clint Siegner, Money Metals News Service) Rumors of gold revaluation have been in the news lately. One thing is clear. Politicians have no interest in using the nation’s gold reserves for anything like the original purpose. Americans get smoke and mirrors instead. Officials may like to point to the large reserves and...

Bolivia Uses Gold to Prop Up Its Finances

(Mike Maharrey, Money Metals News Service) The Bolivian government is using gold to maintain the country's solvency. Large amounts of dollar-denominated debt burden Bolivia, and the country owns the lowest credit rating of any Latin American country, according to S&P Global. The country’s debt is rated Ca, defined as “likely...

Money Metals Secures $70 Million to Expand Its Gold-Backed Loan Service

(Money Metals News Service) Money Metals today announced the acquisition of $70 million in total equity and debt capital to expand its program, giving businesses and investors access to low-interest financing secured by their physical gold and silver. "Accessing cash liquidity without selling precious metals and getting stuck with a...

You Can’t Blame the Big Surge in Producer Prices Entirely On Tariffs

(Mike Maharrey, Money Metals News Service) Producer prices rose significantly more than expected in July, throwing markets into turmoil and calling into question what seemed like an almost certain Federal Reserve interest rate cut in September. The big jump in wholesale price inflation seemed to confirm worries that aggressive tariffs...

Businesses Brace for New Tax Challenges Amid Global Tariff Focus

(Brett Rowland, The Center Square) U.S. businesses and their partners across the globe are looking to make sure they comply with the highest import duties in decades amid a worldwide focus on President Donald Trump's slate of tariffs. Since retaking office, Trump has hit nearly every nation with new tariffs...

Bud Light Considers Tapping Sydney Sweeney to Rehab Tarnished Image

(Ben Sellers, Headline USA) What started as a joke may soon become a multimillion-dollar reality as Anheuser--Busch marketing executives were reported last week to be in serious consideration for a deal with actress and American Eagle model Sydney Sweeney. The Daily Mail reported that the blonde bombshell could net $10 million...

Reversing Biden’s Precedent, Students Complete FAFSA in Minutes at Beta-Testing Event

(Tate Miller, The Center Square) President Donald Trump’s Department of Education is working to restore the student aid FAFSA form after the Biden administration made what should be a couple-minute long process into a days-long one. As a part of the rehabilitation effort, Secretary of Education Linda McMahon attended a...

Another Gold Rush Could Bring Open Pit Mines to South Dakota’s Black Hills

(Headline USA) A gold rush brought settlers to South Dakota's Black Hills roughly 150 years ago, chasing the dream of wealth. Now, a new crop of miners driven by gold prices at more than $3,000 an ounce are seeking to return to the treasured landscape, promising an economic boost while raising...
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