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Tuesday, July 23, 2024

FINANCE

India Slashes Import Tax on Gold and Silver

(Mike Maharrey, Money Metals News Service) Today, India slashed its import tax on gold and silver, a move that could further boost demand for both precious metals in the world’s second-biggest gold market and support higher prices globally.  The move will cut taxes on gold and silver imports by more...

We Are in a Recession in Full-Time Jobs

(Mike Maharrey, Money Metals News Service) We’ve been told the economy is strong for more than a year. The strong labor market with millions of new jobs serves as a primary data point to support this claim. But the headline numbers don’t tell the whole story.  The labor market isn’t telling...

Biden Out: How Will Gold and Silver Markets Respond?

(Clint Siegner, Money Metals News Service) Joe Biden announced Sunday that he is ending his presidential campaign, but he intends to finish the current term. This article may be political in nature, but it will have major ramifications for investors, including gold and silver bugs. The bullion markets have been...

Gen Z and Millennial Investors Want Gold!

(Mike Maharrey, Money Metals News Service) You might think of gold as old-fashioned - an investment that mostly appeals to Boomers. But in the real world, it's Millennials and Gen-Zers who are clamoring for gold. According to a recent study by Bank of America Private Bank, 45 percent of wealthy...

Corporate Bankruptcies at Highest Level Since Great Recession

(Mike Maharrey, Money Metals News Service) Federal Reserve Chairman Jerome Powell and other Fed officials have started signaling interest rate cuts are coming, but it’s almost certainly too late to rescue a debt-ridden bubble economy addicted to easy money.  We’re already seeing the impacts of tighter monetary policy rippling through...

Political and Economic Turmoil Suddenly Surging

(Mike Gleason, Money Metals News Service) As Republicans gathered to nominate Donald Trump for President of the United States, they witnessed another historic event. Gold hit a new all-time high above $2,500 an ounce. The monetary metal made gains following the attempted assassination of the former President and his continued...

Money Metals Podcast: Ed Steer on Gold, Silver and Market Dynamics

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey interviewed Ed Steer, a seasoned analyst with nearly 30 years of experience in the gold and silver markets. Steer, the publisher of the Gold and Silver Digest and a member of the Gold Antitrust...

Did Hillary Just Attempt to Bleach the CrowdStrike Servers?

(Ben Sellers, Headline USA) A major global IT meltdown Friday morning foisted a familiar name back into headlines for those old enough to recall the 2016 Russia collusion hoax and still young enough to recall it. CrowdStrike, the cybersecurity company employed by the Democratic National Committee to maintain its server...

REPORT: Microsoft Quietly Cut Its DEI Team

(Headline USA) Microsoft quietly laid off its entire diversity, equity, and inclusion team earlier this month due to “changing business needs,” according to a leaked email. A former DEI official with the company said in an email to other Microsoft employees that Microsoft had decided to cut its DEI team...

Gold Reaches New Heights as Powell Hints at Rate Cuts

In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the recent surge in gold and silver prices, driven by Federal Reserve Chairman Jerome Powell's comments and geopolitical events. Maharrey provides an in-depth analysis of the economic landscape, highlighting key factors that have influenced...

If You’re Going to Take a Bribe (You Shouldn’t), at Least Get Gold

(Mike Maharrey, Money Metals News Service) At least he accepted bribes that would retain their value.  On July 16, a jury convicted Senator Bob Menendez (D-N.J.) on 16 counts, including wire fraud, bribery, and extortion. According to the indictment, the senator and his wife took bribes, including 13 gold bars, from...

Elon Musk Says He’s Pulling X and SpaceX HQs from California

(Headline USA) Elon Musk announced this week that he will relocate the headquarters for X and SpaceX out of California after Gov. Gavin Newsom signed a bill into law barring school districts from notifying parents if their child starts identifying as a different gender. Musk has been previously outspoken against the...
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