(Money Metals News Service) Chinese gold demand improved in 2023 even as the price in yuan soared.
China ranks as the world’s biggest gold market, and Chinese demand has a significant impact on the global gold market.
Gold charted a 17 percent increase in yuan terms and was the second-best-performing asset...
In this week's Money Metals’ Weekly Market Wrap update with Mike Gleason, the podcast covers several key financial topics
Stock Market Trends
The S&P 500 index is approaching record highs, suggesting a bullish trend in the stock market.
Precious Metals Market
There has been a rally in the gold and silver markets, partly...
(Money Metals New Service) Representatives in the Ahola State have reintroduced legislation to end the sales tax on purchases of gold and silver.
Introduced by Representatives Diamond Garcia, David Alcos, Lauren Matsumoto, Elijah Pierick, and Gene Ward, House Bill 1724 removes general excise tax on purchases of gold and silver coins and bullion in...
(Money Metals News Service) Central banks around the world have aggressively added gold to their reserves over the last several years.
In 2022, central bank gold buying came in at 1,136 tons. It was the highest level of net purchases on record dating back to 1950, including since the suspension...
(Money Metals News Service) - New Jersey Governor Phil Murphy has unilaterally killed a bill that would have exempted the sales tax on purchases of gold and silver.
A5294/S1825 had passed out of both committees and both chambers of the New Jersey legislature without a single "no" vote. This popular bill had...
(Headline USA) “Squad” Rep. Jamaal Bowman, D-N.Y., unveiled a federal reparations package this week that would cost the U.S. government $14 trillion, the Daily Mail reported.
For context, the amount would be roughly the same as the amount that the Trump and Biden administrations combined had increased the national debt since...
(Headline USA) JPMorgan Chase CEO Jamie Dimon warned Democrats and the media this week to stop belittling supporters of former President Donald Trump.
“I wish the Democrats would think a little more carefully when they talk about MAGA,” Dimon told CNBC’s Squawk Box Wednesday in an interview from the World...
(Money Metals News Service) The mainstream psyche has latched onto a Goldilocks scenario where inflation dies, interest rates fall, and the economy glides to a soft landing.
People should probably read the end of the story because Goldilocks dies.
Also – it’s a fairytale.
When they hear the name Goldilocks, most people...
(Ken Silva, Headline USA) The House Weaponization Subcommittee revealed Wednesday that the U.S. government told banks to pore through private financial transactions in search of potential domestic extremists in the wake of the Jan. 6, 2021, Capitol Hill uprising.
The Weaponization Subcommittee showed that the U.S. Financial Crimes Enforcement Network,...
(Matthew Doarnberger, Headline USA) Residents of Boston's high-crime Roxbury neighborhood are protesting the closure of a local Walgreens drug store, citing the adverse impacts to minorities already suffering disproportionately from serious medical ailments.
"The communities where they’re closing these pharmacies are communities where people are disparately impacted by disease two...
(Glenn Kalinoski, Headline USA) The subfreezing weather impacting much of the U.S. has exposed a major headache for electric vehicle owners, proving to be yet another setback in President Joe Biden's failed efforts to foist fossil-fuel alternatives onto disinterested consumers who see greater risk than reward in the pricey...
(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey discusses the recent dynamics in the precious metals markets, particularly focusing on the Federal Reserve's influence and the price movements of gold.
The episode starts with Maharrey expressing his skepticism towards the Federal Reserve,...