(Headline USA) Work is set to begin Monday on a $12 billion high-speed passenger rail line between Las Vegas and the Los Angeles area, with officials projecting millions of ticket-buyers will be boarding trains by 2028.
Brightline West, whose sister company already operates a fast train between Miami and Orlando in...
(Clint Siegner, Money Metals News Service) The Silver Institute released its 2024 World Silver Survey last week. According to the data, silver demand outstripped supply in 2023, for the fifth year in a row.
The deficit was just over 142 million ounces. And the forecast for 2024 indicates that the...
(Mike Maharrey, Money Metals News Service) Big money managers are starting to jump on the gold bandwagon as inflation worries grow.
Over the last few weeks, gold held its ground despite headwinds including a strong dollar and rising bond yields. Geopolitical tensions have supported safe-haven buying but it appears a...
(Money Metals News Service) In a recent interview on Money Metals with Mike Maharrey, Peter Krauth, author of the book The Great Silver Bull: Crush Inflation and Profit as the Dollar Dies, discussed the intricacies of silver as both a commodity and an investment. Maharrey commended Krauth on the...
(Peter St. Onge, Money Metals News Service) In case you've been living under a rock, Gold prices have been on fire, jumping 20% in just the past 2 months.
That takes gold to a near-doubling since pre-pandemic, when it was meandering along at just $1500. Yesterday it closed above $2400.
So...
(Mike Maharrey, Money Metals News Service) As the Chinese accumulate more and more gold, they’re dumping U.S. Treasuries.
That raises an important question: who is going to keep funding the federal government’s borrowing spree?
China offloaded another $22.7 billion in U.S. Treasuries in February, according to the latest data from the...
(Mike Maharrey, Money Metals News Service) Silver demand outstripped supply for the third straight year in 2023.
Silver mine output fell by 1 percent to 830.5 million ounces last year, according to the final data released by the Silver Institute.
Meanwhile, total silver demand also dropped, declining about 7 percent to...
(Ken Silva, Headline USA) Federal welfare funds intended for Mississippi’s poorest residents were diverted into an African heiress gold bar scam, according to a recent court filing in a state lawsuit over the matter.
The court filing was made in an ongoing lawsuit by the Mississippi Department of Human Services,...
(Headline USA) Sometime in the next few days or even hours, the “miners” who chisel bitcoins out of complex mathematics are going to take a 50% pay cut—effectively slicing new production of the world’s largest cryptocurrency in half.
That could have a lot of implications, from the price of the...
(Christian Wade, The Center Square) For the third year in a row, New York State received more funding from Washington, D.C. than it paid in federal taxes, according to a new fiscal watchdog report.
The report by state Comptroller Tom DiNapoli found that New York generated $361.8 billion in federal taxes in...
(Mike Maharrey, Money Metals News Service) Is the Federal Reserve constitutional?
The Fed was conceived during a secret meeting of bankers and politicians at a private club on Jekyll Island, Georgia. Using a blueprint drawn up during this clandestine meetup, Congress created the Federal Reserve in 1913 via the Federal...
(Peter St. Onge, Money Metals News Service) Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia. Doing so likely would sound the...