(Mike Maharrey, Money Metals News Service) A colleague recently discovered a website called "WTF Happened in 1971?" The entire main page is filled with charts and graphs. All of them show some kind of significant shift beginning in 1971. There are over 75 of them!
Here are just a few...
(Mike Maharrey, Money Metals News Service) As war wages across their eastern border, Poles seek safety. And they’re finding it in gold.
Russian troops stormed across the Ukrainian border on Feb. 24, 2022. It was Fat Tuesday; a day Poles typically line up for jelly-filled donuts called pączki. Instead, they...
(Mike Maharrey, Money Metals News Service) The Federal Reserve is losing over $1 billion every week and you're on the hook.
Since September 2022, the central bank has reported losses of around $176.4 billion. If it were a real company, it would be considered bankrupt.
Fortunately for the Fed, it gets to...
(Headline USA) Treasury Secretary Janet Yellen this week downplayed the sharp increase in grocery prices over the past few years, arguing she is not “surprised” by them.
Yellen commented during an interview with Yahoo Finance’s Jennifer Schonberger on Monday after being asked whether she’s seen the recent grocery price increases firsthand.
“I...
(Mike Maharrey, Money Metals News Service) Despite the generally negative attitude toward gold you hear in the mainstream financial media, the vast majority of professional investors in North America own gold and the number has been growing in recent years.
A World Gold Council survey of 525 North American investors...
(Money Metals News Service) In the latest episode of Money Metals' Midweek Memo, host Mike Maharrey delves into the mischaracterization of gold by the mainstream media and its implications for investors.
Maharrey starts with an analogy of shark attacks from a few years ago, illustrating how media hype can distort...
(Ken Silva, Headline USA) They say corruption pays. But in the case of President Joe Biden, it apparently didn’t pay him enough to prevent him from borrowing a whopping $4.2 million on a house he bought for $350,000.
According to a Monday report from the Daily Mail, Biden refinanced his...
(Money Metals News Service) A Russian hacking organization appears to be in the process of blackmailing the Federal Reserve.
On June 23, 2024, the criminal organization LockBit 3.0, a Russian ransomware cybercriminal group, publicly stated that it hacked the Federal Reserve and implied it would release over “33 terabytes of juicy...
(Mike Maharrey, Money Metals News Service) Bank of America is eyeballing $3,000 gold.
According to a report released by the big bank, gold prices could potentially hit $3,000 an ounce in the next 12 to 18 months as the Federal Reserve begins cutting interest rates and rising debt drives economic...
(Mike Maharrey, Money Metals News Service) The investment world generally treats gold like a second-class citizen. Sure, the mainstream will sit up and take notice during a strong bull run, but generally, the financial media and investment gurus tend to spurn the yellow metal.
I'm not completely sure why the...
(Mike Maharrey, Money Metals News Service) You know gold is doing well when the mainstream sits up and takes notice. The mainstream financial pundits specifically, and the media in general, are typically apathetic about gold at best. More often than not, they’re downright antagonistic.
The problem is that gold isn’t...
(Mike Maharrey, Money Metals News Service) You've probably heard the phrase, "Go for the gold!" Well, in hockey, they do things a little differently. It's "Go for the silver!"
Tonight, hockey players from either Edmonton or Florida will skate around holding a giant silver Cup over their heads.
The NHL will...