Wednesday, July 2, 2025

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Gold ETF Momentum Eased in May With Modest Outflows

(Mike Maharrey, Money Metals News Service) For the first time in five months, gold-backed ETFs globally reported modest outflows in May as investors took profits. After charting the largest inflows of gold since August 2022 in April, gold-backed ETFs globally reported modest outflows of 19 tonnes totaling $1.8 billion last...

Several African Central Banks Announce Plans to Expand Gold Reserves

(Mike Maharrey, Money Metals News Service) Central banks have been aggressively adding gold to their reserves over the last three years, and several African banks are poised to join the party. On net, central banks officially increased their gold holdings by 1,044.6 tonnes in 2024. It was the 15th consecutive...

From Enron to Big Brother: Accenture’s Secret Rise Exposed

(José Niño, Headline USA) Accenture, the world’s largest consulting firm, has quietly become a driving force behind the rise of global surveillance and algorithmic policing—growing from the 59th largest U.S. government contractor to the 8th largest in about two decades. A new investigation published last month by Reactionary International,...

Audit: Fraudsters Stole $79B COVID-19 Aid Using False Social Security Numbers

(Thérèse Boudreaux, The Center Square) A federal committee tasked with tracking pandemic assistance fraud found that the Small Business Administration and the Department of Labor together disbursed nearly $80 billion to potential fraudsters. In total, the federal government spent over $4.6 trillion on all COVID-19 relief programs. The SBA received...

Trump Makes Fun of Elon’s Black Eye, Threatens to Cut His Subsidies

Update: After this story's publication, Musk said he'd begin decommissioning SpaceX projects in response to Trump's threats. https://twitter.com/elonmusk/status/1930718684819112251 (Headline USA) Talk about adding insult to injury. President Donald Trump made fun of Elon Musk’s black eye Thursday while responding to the billionaire’s criticism of his “big beautiful bill.” Trump also threatened to cut Musk’s...

Rich Dad Kiyosaki Says Trade “Fake Money” for Silver

(Mike Maharrey, Money Metals News Service) Silver has cracked a key resistance level, and Rich Dad Poor Dad author Robert Kiyosaki called the white metal “the biggest bargain today.” Silver was up 5.3 percent on Monday, the biggest gain in eight months. And on Wednesday, the white metal surged above $36 an ounce in...

Gold: A Place to Hide

(Mike Maharrey, Money Metals News Service) Incentives matter. Policymakers ignore this axiom at their own risk. The U.S. government’s weaponization of the dollar has made many countries wary of holding greenbacks, and we’ve seen an accelerating de-dollarization over the last few years. Now the U.S. government has weaponized trade. Many countries have responded by...

Are We Near Peak Gold? Why Supply Struggles Could Drive Prices Higher

(Money Metals News Service) Mike Maharrey opened this week’s Money Metals Midweek Memo with an anecdote about metal detecting—a light segue into a serious look at gold scarcity. He recounted the 1979 discovery of the Golden Beauty, a nearly 10-pound gold nugget found in Western Australia, now up for auction with an opening...

Lawmakers to Take up Rescissions Package Codifying $9.4 Billion in DOGE Cuts

(Thérèse Boudreaux, The Center Square) Congress will soon vote on the White House’s rescissions package that would pull billions in taxpayer dollars from foreign aid and public broadcasting programs. The package, compiled by the Office of Management and Budget, requests the cancellation of $9.4 billion in already appropriated spending. This...

Report: Jeffrey Epstein Invested w/ JD Vance’s Mentor

(Ken Silva, Headline USA) Billionaire Peter Thiel, who co-founded PayPal and Palantir Technologies, was notably one of the first tech moguls to support President Donald Trump’s 2016 presidential campaign. He later bankrolled Vice President JD Vance’s run for U.S. Senate, and Vance has called Thiel his "mentor." Before he did...

DC Mayor Bowser Faces Ethics Complaint over $62K Foreign Trip

(Luis Cornelio, Headline USA) Did the anti-Trump DC mayor break the law by accepting gifts and free travel from a foreign government? A watchdog group just filed an ethics complaint on this matter.  The Foundation for Accountability and Civic Trust filed a complaint Tuesday with the Board of Ethics and Government...

Cringe Alert: Dems Unveil ‘TACO’ Campaign in an Attempt to Annoy Trump

(Luis Cornelio, Headline USA) The Democratic National Committee has unveiled its latest anti-Trump stunt, baffingly branded “TACO,” an acronym for “Trump Always Chickens Out.”  The campaign, first reported by Axios on Tuesday, comes in response to Trump lecturing a reporter who mentioned the Wall Street phrase allegedly used to predict his reaction to...
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