(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...
(Mike Gleason, Money Metals News Service) This week investors are witnessing a historic move in gold prices. The precious metal finally broke above a longstanding overhead resistance level to reach new all-time highs.
For now, the white metals are playing catch-up to gold, and are certainly taking a backseat to...
(Mike Maharrey, Money Metals News Service) Can you borrow your way to prosperity? American consumers are certainly giving it the old college try. Consumer debt surged once again in January, rising by $19.5 billion, according to the latest data from the Federal Reserve.
On an annual basis, consumer debt rose...
(Mike Maharrey, Money Metals News Service) When you’re considering investing in precious metals, you are confronted with many options. Silver or gold? Bars or coins? And what in the world is an ETF?
Understanding the differences between an ETF and physical gold and silver is an important first step in...
(Luis Cornelio, Headline USA) The House Judiciary Committee has disclosed the secret tool employed by federal investigators in their "broad financial" surveillance of financial transactions involving alleged "domestic violent extremists," including presumed supporters of former President Donald Trump.
According to a 36-page report announced on Thursday by the House Judiciary and...
(Jacob Bruns, Headline USA) Even as many woke corporations have begun shying away from controversial investing practices like the ESG movement, and the push for more diversity, equity and inclusion, The North Face appears to be doubling down, SK Pop reported.
The Denver-based outdoor-apparel company---founded by Democrat megadonors Susie Tompkins...
(Ken Silva, Headline USA) In what could be a harbinger of things to come for the U.S., the New York Times reported this week that Egyptians are flocking to gold as the country’s fiat currency, the pound, collapses.
The March 5 Times article reported that demand for gold in Egypt...
(Mike Maharrey, Money Metals News Service) Central banks took up where they left off in 2023, adding more gold to their stockpiles to kick off the new year.
Globally, central banks increased their gold reserves by a net 39 tons in January, according to the latest data compiled by the...
(Mike Maharrey, Money Metals News Service) In an interview on the Russian news agency TASS, Kremlin aide Yury Ushakov announced that the BRICS nations plan to develop a new payment system based on the blockchain.
This sets the stage for further de-dollarization and could further undermine the status of the...
(Headline USA) Elon Musk supported making OpenAI a for-profit company, the ChatGPT maker said, attacking a lawsuit from the wealthy investor who has accused the artificial intelligence business of betraying its founding goal to benefit humanity as it pursued profits instead.
In its first response since the Tesla CEO sued last...