(Mike Maharrey, Money Metals News Service) Thanks to record tax receipts, the January budget deficit was "only" $21.93 billion in January.
In February, government receipts fell back to normal. Spending was normal too - normally high. As a result, the February budget deficit was back to normal - massive.
The Biden...
(Mike Maharrey, Money Metals News Service) Gold has garnered a lot of attention in the last few weeks with its record-setting run. Since the end of February, gold is up nearly 7 percent and set an all-time record of $2,195 an ounce along the way.
This is really good news...
(Headline USA) Business owners in Oakland, Calif., threatened this week to stop paying taxes until the city takes action to combat rising crime rates.
José Ortiz, owner of La Perla Puerto Rican cuisine, said he and several other local entrepreneurs were rallying businesses in the area to agree to stop paying...
(Molly Bruns, Headline USA) As Congress this week mulled the possibility of a nationwide ban on the China-owned social-media platform TikTok, President Joe Biden and former President Donald Trump simultaneously flip-flopped their stances, with Biden endorsing plans to ban the platform and Trump coming out against it.
On Wednesday, in a...
(Joshua D Glawson, Money Metals News Service) Average investors may find their first purchase of physical gold and silver a little intimidating.
To be sure, bad actors have sold metals with lower purity or less precious metal content than claimed. Sometimes it requires special equipment or knowledge to detect such...
(Mike Maharrey, Money Metals News Service) Gold just had quite a bull run, setting a new all-time high along the way. But Money Metals’ Midweek Memo host Mike Maharrey says this is just the opening act. If you enjoyed that, you’re really going to like the feature.
In this episode,...
(Casey Harper, The Center Square) Consumer prices jumped again in February, in part driven by a significant rise in gasoline prices, according to newly released federal inflation data.
The U.S. Bureau of Labor Statistics released its Consumer Price Index Tuesday, a leading marker of inflation, which showed prices rose 0.4%...
(Mike Maharrey, Money Metals News Service) Price inflation is like the gum on the bottom of your shoe that you just can't scrape off. Or maybe it’s like a movie theater floor after a big premiere.
It’s sticky.
And that's a problem.
The CPI data for February wasn’t anything to panic about....
(Matthew Doarnberger, Headline USA) Argentinian President Javier Milei recently fired Labor Secretary Omar Yasín and informed the public of his firing live on the air.
During an interview with the Argentina-based television station LN+, Milei stated that the secretary of labor had been fired.
The interviewer then asked the president when...
(Clint Siegner, Money Metals News Service) Gold’s breakout to new all-time nominal highs is making headlines. On Friday, the price settled at just under $2,200/oz, after gaining almost $100/oz for the week.
Silver actually outperformed gold on a percentage basis. The white metal gained $1.17/oz, or 5%, as compared to...
(Mike Maharrey, Money Metals News Service) Where does the world’s gold come from? Mine output rose modestly by 1 percent in 2023 to 3644.4 tons, but it still hasn’t recovered to pre-pandemic levels.
Gold production had flatlined even before the pandemic. After slowing for several years, gold mine output fell...
(Mike Maharrey, Money Metals News Service) What is driving the recent gold rally? As with any bull run, there are many factors -- hope that the Federal Reserve is about to get the easy money gravy train back on the track chief among them. However, I have speculated that...