Quantcast
Saturday, November 23, 2024

FINANCE

Regulators Won’t Stop Big Bank Malfeasance

(Clint Siegner, Money Metals News Service) TD Bank just made headlines for pleading guilty to the crime of money laundering and a variety of other charges. Bankers there provided services to despicable people who needed a way to recycle the cash proceeds acquired by selling everything from drugs to...

Biden Administration Runs Third-Largest Annual Budget Deficit in History as Interest Payments on Debt Top $1 Trillion

(Mike Maharrey, Money Metals News Service) In one of the biggest economic stories of the year that nobody seems to care about, the Biden administration ran the third-largest budget deficit in history in fiscal 2024 and paid over $1 trillion just on interest payments on the debt. This is the...

China’s Secret Gold Buying, U.S. Gold Reserve Transparency, and the Future of BRICS in the Global Gold Market

(Money Metals News Service) In a recent Money Metals podcast, host Mike Maharrey sat down with Jan Nieuwenhuijs, a recognized expert in global gold markets, to discuss his journey into the field and the dynamics of international gold trends, particularly in China. Here’s a summary of their conversation, which covers...

The Silver Squeeze Has Officially Begun

(Jesse Colombo, Money Metals News Service) For the past several weeks, I've been writing about an imminent silver breakout that could quickly push prices to $50. During this time, I've observed significant investor cynicism, as many grew frustrated with silver's sideways movement over the last five months. I encouraged investors...

Gold’s Long-Term Returns Are Better Than You Probably Thought!

(Mike Maharrey, Money Metals Exchange) Gold’s long-term return is greater than conventional wisdom might lead you to believe. Traditional analysis of gold's returns leaves out important factors. Models considering these elements reveal much better returns over time that far outpace the inflation rate. Gold is typically viewed as a store of...

U.S. House Committee Launches Investigation into Alleged Misuse of FEMA Money

(Bethany Blankley, The Center Square) Republican members of the U.S. House Committee on Homeland Security have launched an investigation into the alleged misuse of Federal Emergency Management Agency funds by Department of Homeland Security Secretary Alejandro Mayorkas. DHS, which has oversight of FEMA, has directed that billions of dollars of...

Feds End 2024 with $1.8 Trillion Deficit; National Debt Nears $36 Trillion

(Brett Rowland, The Center Square) The federal government spent $1.8 trillion more than it collected in tax revenue in fiscal year 2024, according to figures released Friday by U.S. Treasury Department. Congress has run a deficit every year since 2001. In the past 50 years, the federal government has ended...

What’s Wrong With Silver? Nothing!

(Mike Maharrey, Money Metals News Service) What’s wrong with silver? I hear this question a lot. After all, while gold continues to hit new record highs, seemingly on a weekly basis, silver is still well below its all-time high. Meanwhile, the gold-silver ratio remains mired above 80-1, signaling that silver is historically...

Ghana Launches Gold Coin to Boost Savings, Soak Up Excess Liquidity

(Mike Maharrey, Money Metals News Service) Ghana has introduced a gold coin in an effort to boost savings and manage money-market liquidity. According to Bank of Ghana Governor Ernest Addison, the coin will be refined to 99.99 percent purity and will come in 1-ounce, half-ounce, and quarter-ounce sizes. "This initiative is...

Dollar Alternatives Will Be Top of BRICS Summit Agenda

(Mike Maharrey, Money Metals Exchange) U.S. dollar – we’re coming for you! That’s the message ahead of the upcoming BRICS summit set to kick off in Kazan, Russia, next week. The Russian finance ministry and the Central Bank of Russia distributed a document to the media ahead of the meeting...

In a Rare Candid Moment, Three Central Bankers Talk Up Gold

(Mike Maharrey, Money Metals News Service) While central banks around the world have been aggressively adding gold to their reserves, central bankers don’t tend to talk much about the yellow metal. Three central bank officials went off script at the London Bullion Market Association conference in Miami. Reserve managers from the central banks...

How Price Gouging Laws and Economic Fallacies Hurt Consumers: Insights from Money Metals’ Mike Maharrey

(Money Metals News Service) In the latest episode of Money Metals' Midweek Memo, host Mike Maharrey uses an upcoming hurricane, Milton, as a backdrop to discuss flawed economic policies, particularly price gouging laws, and economic fallacies stemming from Keynesian thought. As he prepares for the storm in Florida, Maharrey takes...
- Advertisement -
- Advertisement -

Most Read

- Advertisement -
- Advertisement -