Saturday, May 10, 2025

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Gold Once Again Proves Its Safe Haven Mettle

(Mike Maharrey, Money Metals News Service) Last week was a wild one for investors, with stocks whipsawing in a storm of volatility and uncertainty. When the dust settled, gold was the last safe haven standing. Spot gold opened the week just below $3,040 an ounce. During Monday’s stock rout, the...

Democrats Dislike the ‘Chaos’ of Trump’s Trade War but are OK With Some Tariffs

(Headline USA) Democrats are quick to say that President Donald Trump’s tariffs are horrible, awful, terrible. But Democrats are also stressing that they are not inherently anti-tariff. What Trump's political opponents say they really dislike is the “chaos” he has unleashed. “Tariffs are an important tool in our economic toolbox,” said Sen. Elizabeth Warren,...

U.S. Government Runs Second-Largest Half-Year Deficit on Record

(Mike Maharrey, Money Metals News Service) The U.S. government ran the second-largest 6-month budget deficit in history through the first half of fiscal 2025. The March budget shortfall of $160.53 billion pushed the total deficit through the first half of the fiscal year to $1.31 trillion, according to the latest Treasury...

Alan Dershowitz Warns Central Park Five: Lawsuit Against Trump Will Backfire

(Luis Cornelio, Headline USA) Jeffrey Epstein's lawyer, Alan Dershowitz, issued a dire warning to the so-called Central Park Five after they filed a long-shot defamation lawsuit against President Donald Trump.  Dershowitz contends that the lawsuit, which he described as flawed, will backfire on the five men by potentially exposing their actions...

Planned Parenthood Spends Big for Democrats, Faces Cuts under GOP Control

(Casey Harper, The Center Square) Planned Parenthood's political donations to Republicans have plummeted in the past decade, leaving the nation’s largest abortion provider with few friends on the right as it faces funding cuts under the Trump administration. Planned Parenthood reports that about 34% of its funding comes from the federal government,...

‘Non-Negotiable’: Republican Budget Hawks Warn Johnson to Stand by Promises

(Thérèse Boudreaux, The Center Square) Following a nail-biter budget resolution vote in the House Thursday that unlocked the next steps in the budget reconciliation process, top Republican lawmakers are now faced with finding the promised spending cuts demanded by fiscal hawks. The passed budget resolution, initially proposed by the House...

The Sound Money Surge: States Reclaim Gold and Silver in 2025

(Money Metals News Service) Mike Maharrey, a reporter and analyst at Money Metals Exchange, recently spoke with Jp Cortez, executive director of the Sound Money Defense League, about the major strides being made in sound money policy across the United States. As of early April 2025, five states have already passed...

Producer Prices Fell in Latest Federal Data

(The Center Square) Newly released federal pricing data shows that producer prices fell in the month of March, another federal report showing lower prices in the U.S. The U.S. Bureau of Labor Statistics on Friday released its Producer Price Index, a key marker of inflation. The PPI declined 0.4% in...

The Taxman Cometh

(Mike Maharrey, Money Metals News Service) Have you done your taxes yet? If you’re a procrastinator, like me, probably not. Especially if you owe money. Well, I’ve got bad news. This is your last weekend to get it done. The taxman cometh. Next Tuesday, to be exact. I’ve been dreading this day for...

Alabama Reaffirms Gold and Silver As Legal Tender

(Sound Money Defense League, Money Metals News Service) Alabama Gov. Kay Ivey has signed Senate Bill 130 into law, reaffirming gold and silver as legal tender. This symbolic victory marks Alabama’s latest step toward promoting constitutional sound money in the state. Sponsored by Sen. Tim Melson and Rep. Jamie Kiel,...

House Passes $5.8 Trillion Budget Resolution to Make Trump Tax Cuts Permanent

(Thérèse Boudreaux, The Center Square) President Donald Trump’s tax cuts are set for permanent extension after the House narrowly passed a $5.8 trillion over ten years concurrent budget resolution that seemed poised to fail. If the Trump tax cuts expire, as they are set to do at the end of...

Gold Continued Streaming Into ETFs in March

(Mike Maharrey, Money Metals News Service) Significant amounts of gold flowed into gold ETFs for the fourth straight month in March, driving assets under management (AUM) to a new month-end record. Funds in every region reported inflows of gold, with North American ETFs leading the way. Globally, gold-backed funds added 92...
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