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Thursday, February 6, 2025

FINANCE

Gold Serving as a Lifeline for Russians Coping With a Wartime Economy

(Mike Maharrey, Money Metals News Service) Gold has served as a lifeline for the Russian government and economy in the wake of aggressive sanctions after it invaded Ukraine. It has also served as a lifeline for the Russian people. Russians bought a record amount of gold in 2024. According to a report...

Gold Demand Set Record in 2024

(Mike Maharrey, Money Metals News Service) Gold demand followed prices higher and set a new record in 2024. According to data compiled by the World Gold Council, total gold demand rose by 1 percent to 4,974 tonnes, driven by robust central bank buying and surging investor interest in the East. Gold...

Why a Chinese Gold Mania May Be Starting

(Jesse Colombo, Money Metals News Service) The current gold bull market began in the spring of 2024, fueled in large part by aggressive Chinese futures traders on the Shanghai Futures Exchange (SHFE), while Western investors remained largely on the sidelines. In just six weeks between March and April, these traders propelled...

Gold and Silver: Timeless Guardians of Wealth in an Inflated World

(Money Metals News Service) In the latest episode of Money Metals Midweek Memo, host Mike Maharrey takes a deep dive into the enduring value of gold and silver in a fiat-driven monetary world. Here are the key takeaways from the episode. Gold and Silver vs. Fiat Currency Maharrey opens the episode by...

‘Day Without Immigrants’ Flops as Many Realize They Are Too Expendable to Protest

(Headline USA) Several businesses from day cares to grocery stores and hair salons closed Monday across the U.S. in a loosely organized day of protest against President Donald Trump's immigration policies. But instead, the failed effort might perversely have helped proponents of federal immigration-law enforcement in their effort to underscore...

SHOCKER: DeepSeek Linked to China’s State-Run Telecoms, Raising Major Security Concerns

(Headline USA) The website of the Chinese artificial intelligence company DeepSeek, whose chatbot became the most downloaded app in the United States, has computer code that could send some user login information to a Chinese state-owned telecommunications company that has been barred from operating in the United States, security researchers...

AP, Politico and Reuters Revealed to Be Funded by U.S. Gov’t

(Ken Silva, Headline USA) The Washington DC insider magazine Politico has long been accused of having a liberal bias. That might be because it has received more than $8 million in federal contracts, according to information unearthed Wednesday on Twitter/X. Politico’s government contracts were discovered after an internal email was...

Despite FDA Ban on Red Dye No. 3, Demand for Colorful Food Engrained in U.S. Psyche

(Headline USA) You know you've said it. We all have. “Mmm, that looks so delicious — I want to try some!” That's because when it comes to what we eat, it's not just a matter of taste. What foods and drinks look like—the colors we see before the first morsels or...

‘Pocahontas’ Gets on the Trump Train, Will Work w/ White House to Curb De-Banking

(Ken Silva, Headline USA) President Donald Trump has an unlikely ally in its fight to stop financial instructions from arbitrarily closing customers’ accounts over their political views—a process known as “de-banking.” Indeed, Sen. Elizabeth Warren, D-Mass., whom Trump nicknamed “Pocahontas” over her dubious claims to be of Native American heritage,...

Waffle House Adds 50-Cent Surcharge for Eggs as Biden Bird Flu Shortage Continues

(Headline USA) The Waffle House restaurant chain is putting a 50 cent per egg surcharge in place due to the biggest bird flu outbreak in a decade. The 24-7 restaurant said that the resulting egg shortage has led to a dramatic increase in its costs. Tone-deaf Democrats, including House Minority Leader...

Gold Helps Protect Australians Against Depreciating Aussie Dollar

(Mike Maharrey, Money Metals News Service) Because we tend to look at gold's performance in dollars, it's easy to forget that it is also priced in other currencies. We know that gold set records in dollar terms, but, how did it perform in other countries? In most currencies, it did even...

Will Tariffs Cause “Inflation?”

(Mike Maharrey, Money Metals News Service) The Federal Reserve may finally have another scapegoat for the inflation it created – tariffs. Two Fed officials recently warned about the possible inflationary consequences of President Trump’s aggressive tariff policies. Of broad-based tariffs, Federal Reserve Bank of Boston President Susan Collins said, “one would...
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