FINANCE
Money Metals Midweek Memo Recap: The Power of Gold in an Inflationary World
(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey discusses the current state of the U.S. dollar, the ongoing threat of inflation, and why holding gold and silver remains a vital strategy for preserving wealth.
Maharrey begins with an anecdote from 2019...
Silver Miners Struggle to Keep Up With Demand
(Mike Maharrey, Money Metals News Service) Demand for silver has skyrocketed in recent years, and supply hasn’t been able to keep up.
Silver demand has outstripped supply for three straight years and the Silver Institute projects another market deficit in 2024. This is primarily due to rapidly rising industrial demand,...
Hungarian Central Bank Announces Increase in Gold Reserves
(Mike Maharrey, Money Metals News Service) The Hungarian National Bank has joined the growing number of central banks globally, increasing their gold reserves.
In a recent press release, Hungary's central bank announced it has increased its gold holdings from 94.5 tons to 110 tons this year.
“The increase in the gold...
‘Drill, Baby, Drill’: Energy Costs To Drop ‘50%,’ Trump Tells Dave Ramsey
(Matt Lamb, Headline USA) Former President Donald Trump pledged, if re-elected, to cut energy costs “50%” during a recent interview with financial expert Dave Ramsey that was released on Wednesday.
Ramsey, one of the most popular radio hosts in the country, said he had offered to talk with Vice President...
The Untold History of Gold Rushes in the United States
(Joshua D Glawson, Money Metals News Service) The discovery of gold in the United States profoundly shaped the nation’s economic and social development, especially during the 19th century.
These gold rushes transformed regional economies, spurred massive population movements, led to the establishment of new towns, and influenced U.S. territorial expansion.
While...
Shutdown of N.C. Quartz-Mining Facilities Could Bring Tech Industry to a Standstill
(Headline USA) Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening date in sight.
https://twitter.com/emollick/status/1766504587781878196
Sibelco and The Quartz Corp both shut down operations in the Appalachian town of Spruce Pine on...
Celebrity Jeweler Goes Viral Tossing Cash After Selling Anti-Trump Chain
(Luis Cornelio, Headline USA) A popular celebrity jeweler went viral for endorsing President Donald Trump in an unconventional way: selling his anti-Trump gold pendant and dramatically tossing the cash into the air in Times Square.
Maksud Agadjani, owner of TraxNYC, had previously collaborated with actor George Lopez on the creation of the pendant,...
Tanzania Launching Domestic Gold-Buying Program to Expand Reserves
(Mike Maharrey, Money Metals News Service) Tanzania is poised to expand its gold reserves. According to a Reuters report, the East African nation's mining regulator has ordered all mining firms and gold exporters to allocate 20 percent of their gold for purchase by the Tanzanian central bank.
The Bank of...
Gold Overtakes Euro to Become 2nd-Largest Central Bank Reserve Asset
(Mike Maharrey, Money Metals News Service) According to Bank of America, gold has overtaken the euro to become the world’s second-largest central bank reserve asset.
With the central bank gold buying spree over the last several years, along with the rapid rise in price in 2024, the yellow metal now...
Sophisticated Scammers Using Gold to Fleece Americans for Everything
(Clint Siegner, Money Metals News Service) One of the primary reasons that investors turn to physical gold and silver is to eliminate counterparty risk. Stock markets can melt down, banks and brokerages can close, the currency can hyperinflate, the federal government can default on Treasury debt, or all of...
Announcing the Sound Money Fellowship: Promoting Sound Money Research
(Sound Money Defense League) The Sound Money Defense League and Money Metals Exchange are proud to announce the inaugural Sound Money Fellowship—a new program designed to foster advanced research in the field of sound money.
The two groups have set aside more than 100 ounces of physical gold (currently valued at approximately $260,000) to reward...
Silver is Starting to Break Out. Here’s What to Watch.
(Jesse Colombo, Money Metals News Service) Last week, I published a Substack piece titled “Here's When Silver Will Surge Like Gold” and followed it up with a related Twitter thread that quickly went viral.
China cut interest rates last week and unveiled an extensive stimulus package to boost its struggling economy. These...
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