(Mike Maharrey, Money Metals News Service) According to Federal Reserve Chairman Jerome Powell, “The Federal Reserve's monetary policy independence is an important and broadly supported institutional arrangement that has served the American public well.”
According to Professor Thomas J. Weber at Pace University Lubin School of Business, this is nothing...
(Mike Maharrey, Money Metals News Service) The Bureau of Labor Statistics just zapped 818,000 jobs out of existence. That's one heck of an eraser.
Month after month, we've been regaled with headlines extolling the strength of the U.S. job market. Virtually every month, the mainstream has enthusiastically reported "better than...
(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo podcast, host Mike Maharrey dove into the ongoing impacts of inflation, Federal Reserve policies, and the latest developments in the gold and silver markets.
Maharrey opened the discussion with an analogy comparing the Federal Reserve’s denial of responsibility...
(Casey Harper, The Center Square) New federal economic data showed that previous data significantly overestimated the health of the U.S. economy.
The Department of Labor released revised jobs data that showed they overestimated the number of jobs created in the U.S. economy by 818,000, a whopping revision that set off...
(Jp Cortez, Sound Money Defense League) In a powerful display of grassroots pressure, Nebraska politicians beat a hasty retreat this week after attempting a brazen tax grab that would have reimposed sales taxes on purchases of gold and silver in the Cornhusker State.
The Sound Money Defense League and Money...
(Headline USA) Harley--Davidson announced this week that it would end several woke company initiatives after outrage from conservatives and longtime bikers, the New York Post reported.
The classic motorcycle brand came under fire this summer after conservative influencer Robby Starbuck exposed several left-wing policies Harley--Davidson had implemented, including diversity, equity,...
(Money Metals News Service) Significantly higher purchases from the official sector at times provided essential support to gold prices over 2022-23 when aggressive interest rate hikes undermined professional investor interest in gold.
After hitting an all-time high of 1,082t in 2022, net purchases by the official sector remained exceptionally strong...
(Ken Silva, Headline USA) Saudi Arabia is reportedly refusing to pay the U.S. at least $15 million for refueling its warplanes, but the Biden regime is sending the country more armaments regardless of the unpaid debt.
The Intercept first revealed the Saudi’s delinquency last week, reporting that the country owes...
(Mike Maharrey, Money Metals News Service) For the first time ever, a 400-ounce bar of gold is worth $1 million. No wonder so many central banks and investors are piling up the yellow metal.
We hit the $1 million gold bar milestone on Friday when the price of gold topped...
(Mike Maharrey, Money Metals News Service) As expected, India's recent gold import tax cut lowered prices and spurred demand for the yellow metal.
India ranks as the world's second-largest gold consumer behind China.
Late last month, the Indian government cut taxes on gold and silver imports by more than half, lowering...
(Matthew Doarnberger, Headline USA) General Motors said it would lay off more that 1,000 salaried employees in its software and services divisions worldwide according to a CNBC report. Roughly 600 of the layoffs will occur at GM's tech campus near Detroit, Mich.
The reduction in employees comes following the resignation...
(Mike Maharrey, Money Metals News Service) New gold import quotas for Chinese banks could foreshadow another surge in Chinese demand.
Demand for gold was white-hot in China last spring, helping drive global prices to record highs. Chinese demand slowed in recent months due to high prices, but there are signs...