(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...
(Molly Bruns, Headline USA) Embattled aircraft manufacturer Boeing left two astronauts stranded in space after an unresolved maintenance issue, according to the Independent.
Suni Williams and Butch Wilmore landed on the International Space Station on June 6 on a Boeing Starliner spacecraft, and expected to be there for only a week.
Mechanical...
(Headline USA) Donald Trump's campaign out-raised President Joe Biden by more than $60 million last month, according to federal filings that detailed the Republican fundraising explosion sparked by Trump's felony convictions, in what was widely regarded as a brazen miscarriage of justice weaponized by George Soros-backed Democrats for the...
(Mike Gleason, Money Metals News Service) Amid a grim new forecast for the national debt, precious metals markets have been volatile recently.
The gold market found support at the $2,300 level last week and has remained well above that level for days.
Turning to silver, a big move on Thursday saw...