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Thursday, November 14, 2024

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Gold Hits Historic Milestones as Inflation Drives Precious-Metals Surge

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo podcast, host Mike Maharrey dove into the ongoing impacts of inflation, Federal Reserve policies, and the latest developments in the gold and silver markets. Maharrey opened the discussion with an analogy comparing the Federal Reserve’s denial of responsibility...

Tax-Grabbing Nebraska Politicians Taught a Lesson by Gold & Silver Investors

(Jp Cortez, Sound Money Defense League) In a powerful display of grassroots pressure, Nebraska politicians beat a hasty retreat this week after attempting a brazen tax grab that would have reimposed sales taxes on purchases of gold and silver in the Cornhusker State. The Sound Money Defense League and Money...

Harley-Davidson Abandons Woke Policies after Conservative Backlash

(Headline USA) Harley--Davidson announced this week that it would end several woke company initiatives after outrage from conservatives and longtime bikers, the New York Post reported. The classic motorcycle brand came under fire this summer after conservative influencer Robby Starbuck exposed several left-wing policies Harley--Davidson had implemented, including diversity, equity,...

Slowing Official Sector Gold Purchases – a New Level or a Temporary Dip?

(Money Metals News Service) Significantly higher purchases from the official sector at times provided essential support to gold prices over 2022-23 when aggressive interest rate hikes undermined professional investor interest in gold. After hitting an all-time high of 1,082t in 2022, net purchases by the official sector remained exceptionally strong...

Biden is Sending Arms to Saudi Arabia Despite Country Refusing to Pay Debt

(Ken Silva, Headline USA) Saudi Arabia is reportedly refusing to pay the U.S. at least $15 million for refueling its warplanes, but the Biden regime is sending the country more armaments regardless of the unpaid debt. The Intercept first revealed the Saudi’s delinquency last week, reporting that the country owes...

$1 Million Gold Bars for the First Time Ever!

(Mike Maharrey, Money Metals News Service) For the first time ever, a 400-ounce bar of gold is worth $1 million. No wonder so many central banks and investors are piling up the yellow metal. We hit the $1 million gold bar milestone on Friday when the price of gold topped...

Import Tax Cut Boosts Indian Gold Demand

(Mike Maharrey, Money Metals News Service) As expected, India's recent gold import tax cut lowered prices and spurred demand for the yellow metal. India ranks as the world's second-largest gold consumer behind China. Late last month, the Indian government cut taxes on gold and silver imports by more than half, lowering...

GM Lays Off 1,000 Salaried Tech Jobs as Biden’s EV Push Sputters

(Matthew Doarnberger, Headline USA) General Motors said it would lay off more that 1,000 salaried employees in its software and services divisions worldwide according to a CNBC report. Roughly 600 of the layoffs will occur at GM's tech campus near Detroit, Mich. The reduction in employees comes following the resignation...

Dollar Reserves Have Dropped By 14 Percent Since 2002

(Mike Maharrey, Money Metals News Service) Dollar dominance is slowly ebbing as the world looks to diversify away from the greenback. The share of dollars making up global reserves has dropped by 14 percent since the turn of the century, according to data compiled by the Atlantic Council.  As of 2002,...

Did Mark Twain Anticipate the Trillion Dollar Coin?

(Chris Powell, Money Metals News Service) Responding to the recent commentary about the idea to spectacularly increase the U.S. money supply via the minting and depositing at the Federal Reserve of one or two platinum coins of trillion-dollar denominations, a friend asks: What would a trillion-dollar platinum coin do to...

Kamala Comes Out w/ Gibberish, Head-Scratching Moments in Pa.

(Luis Cornelio, Headline USA) Vice President Kamala Harris offered unscripted remarks on Sunday after avoiding exchanges with the friendly legacy media since being named the presumptive Democratic nominee for president. Her speeches, delivered while campaigning in western Pennsylvania, were marked by her infamous word salads and incoherent rambling. In Rochester, Pennsylvania, Harris...

Even CNN Agrees Walz’s DUI Arrest Is ‘Indefensible’

(Headline USA) CNN host Michael Smerconish admitted this week that vice presidential pick Tim Walz’s 1995 drunken driving arrest posed a serious problem for Vice President Kamala Harris’s campaign. Walz was arrested in 1995 after being pulled over for going 96 mph in a 55 mph-zone and subsequently failing a sobriety...
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