(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with Michael Pento, the president and founder of Pento Portfolio Strategies (PPS), to discuss the current state of the economy, the precious metals market, and effective investment strategies.
Pento, who boasts over...
(Mike Gleason, Money Metals News Service) As the national debt soars to yet another new milestone, gold prices are ascending toward a new record of their own.
The official debt held by the public has just ticked past the $35 trillion mark. Of course, with all the billions and trillions...
(Mike Maharrey, Money Metals News Service) A drug addict constantly needs more drug to get the same effect. The U.S. economy is addicted to easy money, and it needs more and more of this drug to maintain the high.
The problem with this scenario is eventually the addict overdoses.
This Is...
(Headline USA) Boeing named a longtime aerospace industry veteran Wednesday as its next chief executive, who will take over a company rocked by legal, regulatory and production problems and mounting financial repercussions.
Robert “Kelly” Ortberg, a former CEO at Boeing supplier Rockwell Collins, will succeed David Calhoun as CEO and...
(Mike Maharrey, Money Metals News Service) The Federal Reserve unfurled the white flag during the July FOMC meeting and set the stage to surrender to inflation.
That may seem like an odd way to frame the messaging that came out of the most recent Fed meeting, but surrender is exactly...
(Mike Maharrey, Money Metals News Service) Gold demand was up 4 percent to 1,258 tons in the second quarter, the highest level on record since the World Gold Council started compiling data in 2000.
Demand for gold was strong in the second quarter despite record gold prices.
The LBMA gold price...
(Headline USA) Delta Air Lines CEO Ed Bastian says the airline is facing $500 million in costs related to a global tech outage this month that disrupted emergency services, communications and thousands of businesses.
Speaking on CNBC, Bastian said Wednesday that the monetary amount represents lost revenue as well as...
(Headline USA) With the end of their two-year fight against inflation in sight, Federal Reserve officials were likely Wednesday to set the stage for the first cut to their key interest rate in four years---a major shift in policy that could eventually lower borrowing costs for U.S. consumers and...
(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey offers an in-depth look at the economy, emphasizing the importance of understanding the underlying factors that drive market trends and economic conditions.
Maharrey draws an analogy to football, suggesting that just as casual...
(Headline USA) The U.S. will send $1.7 billion in military aid to Ukraine, officials announced on Monday, including an array of munitions for air defense systems, artillery, mortars and anti-tank and anti-ship missiles.
The package includes $1.5 billion in funding for long-term contracts through the Ukraine Security Assistance Initiative, and $200...
(Mike Maharrey, Money Metals News Service) "I go on the principle that a Public Debt is a Public curse and in a Rep. Govt. a greater than in any other." - James Madison
On July 26, the national debt blew past $35 trillion for the first time. We are now...
(Mike Maharrey, Money Metals News Service) Did you know the Fed has already loosened monetary policy? While everybody focuses on the prospect of a Federal Reserve interest rate cut and salivates in the hope of easier money, most people completely ignore the other prong of central bank monetary policy...