(Mike Maharrey, Money Metals News Service) How much gold is there in the world? The quick answer is not much - at least not relatively speaking.
According to the World Gold Council, as of the end of 2023, around 212,582 tons of gold have been mined throughout history. About two-thirds...
(Mike Maharrey, Money Metals News Service) When the Federal Reserve started raising rates, it precipitated a financial crisis. The central bank managed to paper over the problem with a bailout program, but the crisis continues to bubble and percolate under the surface.
According to the latest data from the FDIC,...
(Money Metals News Service) Welcome to the Money Metals Midweek Memo, hosted by Mike Maharrey, where we discuss news and commentary related to sound money, precious metals markets, and the economy.
Today's focus is on silver, often overshadowed by gold but currently experiencing significant gains and attracting investor interest.
Silver's Recent Performance
Silver recently...
(André Marques, Money Metals News Service) Central banks’ monetary policies are the most perverse government intervention. Their consequences are dire, last for a very long time, and people don’t perceive them as problems or don’t comprehend the damage they are doing. Monetary policy (monetary expansion and artificially low interest...
Correction: An earlier version of this story mistakenly said Rep. Matt Gaetz was the largest beneficiary based on reporting from the Post that relied on old data. The Post subsequently issued a correction, although viewers using an archive site to circumvent the paywall may not have seen the updated...
(Mike Maharrey, Money Metals News Service) After a weak March, central bank gold buying rebounded in April with global net purchases of 33 tons, according to the latest data compiled by the World Gold Council.
Net central bank gold buying in March was downwardly revised to 3 tons with the...
(Mike Maharrey, Money Metals News Service) Last month, silver cracked the key resistance of $30 an ounce level for the first time in over a decade. It’s been quite a bull run for silver, and Chen Lin thinks it has plenty of legs left.
Lin is the founder of Lin...
Update: Following the publication of this article, The Epoch Times released the following statement: "The company intends to and will fully cooperate with any investigation dealing with the allegations against Mr. Guan. In the interim, although Mr. Guan is innocent until proven guilty beyond a reasonable doubt, the company has...
(Clint Siegner, Money Metals News Service) The rapidly eroding confidence in our institutions gets plenty of news coverage. We expect it will be a dominant theme for investors in the years ahead.
Investing success may require correctly answering the question about what to own in a world where free market...
(Mike Maharrey, Money Metals News Service) The Federal Reserve was sold as a way to "provide the nation with a safer, more flexible, and more stable monetary and financial system."
That's not what the central bank does.
In fact, the Fed destabilizes the monetary system by constantly interjecting itself into it,...
(Mike Maharrey, Money Metals News Service) You are paying more and getting less thanks to persistent price inflation. Politicians and talking heads on financial news networks often point to “strong” retail sales data to support the claim that the economy is doing great.
“You see! The economy is rolling right...
(Headline USA) Boeing told federal regulators Thursday how it plans to fix the safety and quality problems that have plagued its aircraft-manufacturing work in recent years.
The Federal Aviation Administration required the company to produce a turnaround plan after one of its jetliners suffered a blowout of a fuselage panel during an Alaska...