(Mike Maharrey, Money Metals News Service) According to a recent note by ANZ Bank, Indian gold demand could help extend the current gold rally and push the price of gold to $2,500 and beyond.
India ranks as the world’s number-two gold market behind China.
Gold prices have surged to record highs...
(Mike Maharrey, Money Metals News Service) Canada’s growing gold exports to China provide more evidence of the shift of gold from the West to the East.
Asian gold demand has been hot through the first half of 2024. Vietnamese and Thai investors flocked to gold despite long lines and high...
(Mike Maharrey, Money Metals News Service) U.S. government borrowing and spending never stops. The federal government ran another big deficit in June, as the national debt inches closer to $35 trillion.
$35 trillion USD.
Trillion with a 'T.'
That's an unfathomable number. It's meaningless to most people. We simply can't comprehend a number...
(Clint Siegner, Money Metals News Service) Following the shocking assassination attempt on former President Donald Trump, the nation is left wondering exactly why it happened as well as what may be coming next.
There are already questions about whether the Secret Service, which answers to President Joe Biden, was incompetent...
(Bethany Blankley, The Center Square) Nearly half of 80,000 small businesses surveyed say they won’t survive the current economic climate, ongoing inflation, or another four years of Biden administration policies, according to the survey conducted by RedBalloon and Public Square.
Their May Freedom Economy Index found that small businesses “remain in survival...
(Arjun Singh, The Center Square) Congress’s job approval rating among voters in June was just 16%, one of the lowest in history. But not all members of Congress are equal, not in the eyes of a taxpayer-focused group that scored them on fiscal responsibility.
The National Taxpayers’ Union (NTU), a...
(Lau Vegys, Money Metals News Service) 102% - That’s how much silver has rallied since it bottomed during the pandemic crash in March 2020.
If you haven’t been following silver, this may come as a surprise. After all, gold’s been getting most of the attention after it hit new all-time...
(Bethany Blankley, The Center Square) U.S. Sen. Ted Cruz, R-TX, a ranking member of the U.S. Senate Commerce Committee, has opened an investigation into “‘Big Tech’ companies’ funding of Biden administration staff salaries through an obscure program.”
Cruz, R-Texas, sent letters to the heads of four federal agencies to obtain information...
(Money Metals News Service) In a recent episode of the Money Metals Podcast, host Mike Maharrey interviewed David Morgan, a renowned precious metals analyst and founder of the Morgan Report.
The conversation covered a wide array of topics, from inflation and its impacts on precious metals to the dynamics of...
(Mike Gleason, Money Metals News Service) As the Federal Reserve signals it is moving closer to cutting rates, the gold market is moving closer to hitting a new record.
On Thursday, the monetary metal catapulted back above the $2,400 level, trading about $25 shy of a new all-time high. Meanwhile,...
(Mike Maharrey, Money Metals News Service) The June federal budget deficit was "only" $66 billion. This looks like a big improvement, but it wasn't.
Even more concerning is the fact that interest on the accumulating debt is eating up nearly one-third of federal tax receipts.
The deficit came in lower because...
(Mike Maharrey, Money Metals News Service) Uganda has joined the growing number of African countries turning to gold to support their currencies.
The Ugandan central bank has announced a domestic gold-buying program to buy gold directly from local artisanal miners.
According to a statement on the Bank of Uganda’s website, “The...