(Mike Maharrey, Money Metals News Service) Did the U.S. government really try to confiscate Americans' gold? The short answer is... well, there isn't a short answer. It's a complicated subject with more nuance than most people give it.
Yes, President Franklin D. Roosevelt did try to take most of the...
(Mike Maharrey, Money Metals News Service) The Reserve Bank of India recently brought a little over 100 tons of gold home. And more gold may be heading back to India in the near future. The Indian central bank repatriated the gold from vaults in the UK.
According to a Times...
(Brett Rowland, The Center Square) A free speech battle against a former New York regulator by the National Rifle Association can be advanced, the U.S. Supreme Court unanimously ruled Thursday.
Justice Sonia Sotomayor wrote the opinion for the court, noting Maria Vullo, former superintendent of the New York Department of Financial Services,...
(Mike Maharrey, Money Metals News Service) India imported more silver through the first four months of 2024 than it did in the entirety of last year.
Indian silver imports totaled 4,172 tons of silver from January through April. That compares with 455 tons during the same period in 2023.
India imported...
(Mike Maharrey, Money Metals News Service) Last month, Zimbabwe officials introduced a gold-backed currency in an effort to stabilize the country’s economy.
At the time, I warned that a gold-backed currency would be a great step, but that it wasn’t going to solve Zimbabwe’s problems unless the government changed its...
(Headline USA) OpenAI says it's setting up a safety and security committee and has begun training a new artificial intelligence model to supplant the GPT-4 system that underpins its ChatGPT chatbot.
The San Francisco startup said in a blog post Tuesday that the committee will advise the full board on...
(Headline USA) A federal judge on Tuesday sentenced former FTX executive Ryan Salame to more than seven years in prison, the first of the lieutenants of failed cryptocurrency mogul Sam Bankman-Fried to receive jail time for their roles in the 2022 collapse of the cryptocurrency exchange.
Salame, 30, was a...
(Headline USA) A northern Virginia-based tech company is paying $38,500 to settle claims that it discriminated by posting a job listing seeking white, U.S.-born candidates for an opening as a business analyst.
Ironically, it says the offensive listing was posted vindictively by an employee who was neither white nor U.S....
(Headline USA) With the U.S. economy stuck in an inflationary holding pattern, one of the only ways to bring prices back down---short of the government stopping its aggressive spending and open-borders policies---is for the stores themselves to intervene.
Biden has regularly barked at retailers to lower their prices, blaming "corporate...
(Mike Maharrey, Money Metals News Service) After a tepid March and April, Indian gold demand surged during an important May festival.
India ranks as the second-largest gold market in the world behind only China.
Moderating prices helped drive a resurgence in gold demand ahead of and during the Akshaya Tritiya festival...
(Mike Maharrey, Money Metals News Service) If you listen to government officials and central bankers talk about price inflation, you might think they don’t have the foggiest idea of what caused it. It might have been supply chain problems, or perhaps it was Putin’s fault. Maybe greedy corporations are...
(Mike Gleason, Money Metals News Service) As hopes for rate cuts fade, metals markets are giving back some of their recent gains.
On Wednesday, minutes from the Federal Reserve’s latest policy meeting showed central bankers are frustrated by the lack of progress on inflation. After several months of official inflation...