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Sunday, November 24, 2024

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Shutdown of N.C. Quartz-Mining Facilities Could Bring Tech Industry to a Standstill

(Headline USA) Two North Carolina facilities that manufacture the high-purity quartz used for making semiconductors, solar panels and fiber-optic cables have been shut down by Hurricane Helene with no reopening date in sight. https://twitter.com/emollick/status/1766504587781878196 Sibelco and The Quartz Corp both shut down operations in the Appalachian town of Spruce Pine on...

Celebrity Jeweler Goes Viral Tossing Cash After Selling Anti-Trump Chain

(Luis Cornelio, Headline USA) A popular celebrity jeweler went viral for endorsing President Donald Trump in an unconventional way: selling his anti-Trump gold pendant and dramatically tossing the cash into the air in Times Square.  Maksud Agadjani, owner of TraxNYC, had previously collaborated with actor George Lopez on the creation of the pendant,...

Tanzania Launching Domestic Gold-Buying Program to Expand Reserves

(Mike Maharrey, Money Metals News Service) Tanzania is poised to expand its gold reserves. According to a Reuters report, the East African nation's mining regulator has ordered all mining firms and gold exporters to allocate 20 percent of their gold for purchase by the Tanzanian central bank.  The Bank of...

Gold Overtakes Euro to Become 2nd-Largest Central Bank Reserve Asset

(Mike Maharrey, Money Metals News Service) According to Bank of America, gold has overtaken the euro to become the world’s second-largest central bank reserve asset. With the central bank gold buying spree over the last several years, along with the rapid rise in price in 2024, the yellow metal now...

Sophisticated Scammers Using Gold to Fleece Americans for Everything

(Clint Siegner, Money Metals News Service) One of the primary reasons that investors turn to physical gold and silver is to eliminate counterparty risk. Stock markets can melt down, banks and brokerages can close, the currency can hyperinflate, the federal government can default on Treasury debt, or all of...

Announcing the Sound Money Fellowship: Promoting Sound Money Research

(Sound Money Defense League) The Sound Money Defense League and Money Metals Exchange are proud to announce the inaugural Sound Money Fellowship—a new program designed to foster advanced research in the field of sound money. The two groups have set aside more than 100 ounces of physical gold (currently valued at approximately $260,000) to reward...

Silver is Starting to Break Out. Here’s What to Watch.

(Jesse Colombo, Money Metals News Service) Last week, I published a Substack piece titled “Here's When Silver Will Surge Like Gold” and followed it up with a related Twitter thread that quickly went viral. China cut interest rates last week and unveiled an extensive stimulus package to boost its struggling economy. These...

Zimbabwe Already Devaluing New Gold-Backed Currency

(Mike Maharrey, Money Metals News Service) Well, that didn’t take long. In April, Zimbabwe introduced a gold-backed currency in an effort to stabilize the country’s financial system. Less than six months later, the Reserve Bank of Zimbabwe has already devalued the new money. I hate to say, “I told you...

Renowned Trend Forecaster Gerald Celente on Global Turmoil, Gold, and the Dollar’s Decline

(Money Metals News Service) In a recent interview with Money Metals Podcast host Mike Maharrey, Gerald Celente, Founder of the Trends Research Institute and Publisher of the Trends Journal, discussed the significant global issues that he believes are shaping the future. With over 43 years of experience in trend forecasting, Celente’s insights on...

Biden Admin ‘Not Very Focused’ on Dockworkers’ Strike, Despite Potential Economic Disaster

(Headline USA) A dockworkers' strike threatening to close ports on the East and Gulf coasts has left many business owners worried about potentially devastating economic impacts, including Chris Butler, CEO of the National Tree Company. Butler said he was counting on shipments that were en route from Asia but wouldn't...

‘The Acolyte,’ Disney’s Quarter-Billion-Dollar Woke Disaster, Gets Canned

(Chris Cella Jr., Headline USA) The Walt Disney Company has faced another setback with its latest Star Wars project, The Acolyte, which was recently canceled following a controversial debut that included show-runners touting its reimagining of the Jedi as lesbian witches. Initial false reports indicated the show cost around $180...

Small Businesses Tell Congress to Stop Tax Hike

(Casey Harper, The Center Square) A coalition of small businesses are calling on Congress to make the 20% small business tax deduction permanent. Small business leaders visited Washington, D.C. this week to call on lawmakers to pass the Main Street Tax Certainty Act, a bill that would prevent the expiration...
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