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Saturday, January 11, 2025

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U.S. Inflation Rises to 2.6% in October

(Headline USA) Annual inflation rose in October for the first time in seven months. Consumer prices are thought to have increased 2.6% from 12 months earlier, according to a survey of economists by the data provider FactSet, up from 2.4% in September. Measured month to month, prices are believed to have...

Report: Colombian Drug Cartel is Now in the Gold Mining Business

(Ken Silva, Headline USA) The Wall Street Journal published an in-depth story Tuesday about an armed drug cartel that’s illegally mining gold from a China-owned mine in Colombia. According to the Journal, the drug cartel Gulf Clan has commandeered some 30 miles of tunnels from Zijin Mining Group, a Chinese state-controlled company—causing it...

Larger Than Fort Knox: Inside North America’s Most Advanced Gold Depository

(Money Metals News Service) In 2010, Stefan Gleason founded Money Metals Exchange with the vision of providing a trusted source for gold and silver investments. Joined by his brother Mike Gleason and brother-in-law Clint Siegner, the Money Metals leadership team aimed to make precious metals more accessible to investors as a safeguard...

Here’s What’s Going on With Gold & Silver

(Jesse Colombo, Money Metals News Service) Gold fell 2.42% today in continuation of last week’s price action. Gold is experiencing a normal pullback after its whopping 50% rise this year. I'm not worried one bit. I'm now watching $2,600 in COMEX futures and the uptrend line as key support levels....

Presidents and Debt: The Worst of the Worst

(Mike Maharrey, Money Metals News Service) James Madison called public debt “a public curse.” We're currently cursed to the tune of $35.9 trillion and counting. To make matters worse, the size of the debt is exacerbating the debt. Uncle Sam paid $1.13 trillion in interest expense in fiscal 2023. It was the first...

Taxpayers Stuck with $15M Bill for ‘Mr.’ Fauci’s Security, Chauffeur After Retirement

(Luis Cornelio, Headline USA) American taxpayers are footing “Mr.” Anthony Fauci’s multimillion-dollar bill for private security and chauffeur services nearly two years after his retirement.  The federal government granted Fauci, now a private citizen, $15 million in taxpayer-funded security through a baffling arrangement between the Biden-led U.S. Marshals Service and the...

MSNBC and CNN Ratings Tank Following Election

(Matthew Doarnberger, Headline USA) Ratings for both CNN and MSNBC have plummeted since election night according to recent numbers. Viewership from Thursday indicated a decline of 40% for CNN and 23% for MSNBC, according to data obtained by Mediaite. As bad as those numbers were, the primetime ratings for both networks...

Dem. Operative Who Raised $50M for Clinton, Obama Explains Why She Voted for Trump

(Julianna Frieman, Headline USA) Former Democrat operative Evan Barker, who raised roughly $50 million in funds for Democrats throughout her career, recently revealed why she broke from the party and cast her ballot for Republican President-elect Donald Trump. Barker admitted she was “one of those people who laid in bed for...

Sound Money Movement: A New Path to Monetary Freedom

(Money Metals News Service) In an era marked by fiscal uncertainty, JP Cortez, the Executive Director of the Sound Money Defense League, sits down with Lynette Zang of Zang Enterprises to discuss the urgent need for sound money principles in the United States. Cortez's passion for the principles of Austrian...

Understanding the Bullish Case for Silver: Insights from Peter Krauth

(Money Metals News Service) In a recent interview on the Money Metals podcast, host Mike Maharrey sat down with Peter Krauth, a seasoned precious metals expert and author of The Great Silver Bull. During their discussion, Krauth shared valuable insights on the current and future state of the silver market, highlighting...

Gold Demand in Tech and Industry Up in Q3

(Mike Maharrey, Money Metals Exchange) Gold is fundamentally money, but there is demand for the yellow metal in industry and technology.  Industrial and tech demand accounted for 83 tons of gold in the third quarter, a 7 percent year-on-year increase. It was a 2-ton increase quarter to quarter. So far, in...

Average Rate on 30-year Mortgage in U.S. Rises for 6th Straight Week

(Headline USA) The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. The rate ticked up to 6.79% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the...
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