(Mike Maharrey, Money Metals News Service) The monthly rise in prices based on the Consumer Price Index (CPI) came in slightly lower than projected, sending a wave of euphoria across the financial landscape.
The consensus is cooling inflation puts Federal Reserve interest rate cuts back on the table.
The Dow Jones,...
(Brien Lundin, Money Metals News Service) Gold steals most of the headlines, but silver has stealthily set itself up for a potential run to $40.
After nearly 40 years in this business, I’ve read, listened to, watched, and talked with countless thousands of very smart people.
I was reminded of the...
(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the topic of Franklin D. Roosevelt's gold confiscation during the Great Depression, framed within a broader discussion of government power and individual compliance.
Personal Anecdotes and Government Compliance
Maharrey begins by relating his...
(Matthew Doarnberger, Headline USA) President Joe Biden has unveiled plans to significantly increase tariffs on several imported products from China, according to USA Today.
The items that the Biden administration has targeted for these tariffs include electric vehicles, batteries, semiconductors, steel, aluminum, critical minerals, solar cells, ship-to-shore cranes and medical...
(Bethany Blankley, The Center Square) The majority of U.S. banks are targeting clients based on their political and religious beliefs, a new report found.
Banks are doing so partially in response to Biden administration directives, a House Judiciary Committee investigation found through the efforts of its Select Subcommittee on the...
(Ken Silva, Headline USA) Journalist Christina Urso, who’s making a documentary about the 2020 plot to kidnap Michigan’s governor, announced Monday that Bank of America has closed her account without giving her any reason or warning.
https://twitter.com/NotRadix/status/1790123218314924295
“The ‘risk department’ has decided to close the account and these bastards want me to...
(Mike Maharrey, Money Metals News Service) Industrial and tech demand for gold rebounded in the first quarter, rising 10 percent year over year.
Industrial and technological applications consumed about 79 tons of gold in Q1, according to data compiled by the World Gold Council.
At the aggregate level, all four major...
(Mike Maharrey, Money Metals News Service) Fed officials and people in the Biden administration insist "we" are making progress in tamping down price inflation. Many market analysts are optimistic enough to believe that the central bank will be able to cut interest rates this fall.
But the average American isn't...
(Jacob Bruns, Headline USA) When confronted with the state of California's disastrous financial situation, Democratic Gov. Gavin Newsom cited climate change in a recent interview as the reason for the state's lack of funds.
"Can we explain to Californians how we move from a $100 million surplus to such a...
(Mike Maharrey, Money Metals News Service) The U.S. government ran a rare surplus in April, but don’t get too excited. The Biden administration hasn’t slowed down the spending train, and more budget shortfalls loom on the horizon.
The Biden administration ran a $209.5 billion surplus in April thanks to an...
(Mike Maharrey, Money Metals News Service) I’ve written extensively about supply shortfalls in the silver market. Silver demand outstripped the supply of the metal for the third straight year in 2023. But silver isn’t the only metal facing market deficits. Analysts expect the platinum market to chart its largest...
(Stefan Gleason, Money Metals News Service) Let’s give credit where credit is due. Facing down a record-high budget deficit and an entrenched inflation problem, the government is finally embracing fiscal responsibility in a significant way.
Thanks to sweeping spending cuts enacted this year, the government has posted three consecutive monthly...