Saturday, May 2, 2026

FINANCE

HSBC: Gold Is Behaving Like a Risk Asset But Bullish Case Remains

(Mike Maharrey, Money Metals News Service) After an initial safe-haven boost at the onset of the Iran war, gold corrected and has behaved more like a risk asset. However, HSBC analysts say the de-dollarization trend still makes the yellow metal a good long-term investment. As I have noted, wars in the modern era...

Just How Much Gold Is There?

(Mike Maharrey, Money Metals News Service) One of the things that makes gold valuable is its scarcity. But just how rare is gold? Based on best estimates, geologists at Metals Focus estimate that there are 219,890 tonnes of gold currently above ground. That sounds like a lot, but if you melted...

Trump Threatens To ‘Blow Up’ Iran’s Desalination Plants

(Dave DeCamp, Antiwar.com) President Donald Trump on Monday added Iran’s desalination plants to the list of infrastructure he may “blow up” if a deal isn’t reached to end the war, threatening attacks on the country’s water supply, a clear war crime under international law. “The United States of America is...

Trump Says He Wants To Invade Iran’s Kharg Island To ‘Take the Oil’

(Dave DeCamp, Antiwar.com) President Donald Trump told the Financial Times on Sunday that he wants to “take” Iran’s oil in an operation that could involve the US seizing and occupying Kharg Island, a major Iranian oil export hub deep inside the Persian Gulf. The US president said that his “preference...

Founder of ‘Orgasmic Meditation’ Company Gets 9 Years in Prison in Forced Labor Case

(Headline USA) The leader of a sex-focused women’s wellness company that promoted “orgasmic meditation” was sentenced Monday to nine years in federal prison on forced labor charges, federal prosecutors said. Nicole Daedone, co-founder of OneTaste Inc., was also ordered to forfeit $12 million during the hearing in Brooklyn. That was...

What’s the Real Inflation Rate?

(Mike Maharrey, Money Metals News Service) Based on the CPI, inflation is relatively cool. Don't be fooled. It's much higher than advertised, and you can see it clearly if you look at the right data. When talking heads on CNBC or Fox Business talk about inflation, they always reference the...

Swiss Bankers Association: Despite Current Volatility Gold Will Continue to Gain Relevance

(Mike Maharrey, Money Metals News Service) Despite price volatility and the recent dip in gold prices, the Swiss Bankers Association says the yellow metal will continue to become more important as a store of value in an increasingly fragmented and politically uncertain global economy. Swiss Bankers Association advisor for regulation...

Taxpayers Fund Hundreds of Thousand in Private jets for Some U.S. Senators

(Jared Strong, The Center Square) U.S. senators collectively spend more than a million taxpayer dollars each year for pricey flights on private planes for themselves and their staff, even though Senate rules greatly discourage the practice, an investigation by The Center Square found. The spending includes a Midwestern senator who...

U.S. Senators Who Opposed Housing Bill Got Thousands from Blackstone

(Thérèse Boudreaux, The Center Square) Only 10 U.S. senators voted against the bipartisan housing bill that restricts large institutional investors from buying up single family homes and requires investors to sell build-to-rent homes within seven years. Those lawmakers also each received tens or sometimes hundreds of thousands of dollars in...

Gold Pullback Sparks Debate as War Narrative Dominates Markets

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with renowned precious metals analyst Jeff Clark to unpack the sharp pullback in gold prices and the dominant narratives driving market sentiment. As of their Thursday afternoon recording, gold had declined again, with...

Trump Again Says He’s Delaying Attacks To Destroy Iran’s Power Plants

(Dave DeCamp, Antiwar.com) President Donald Trump on Thursday again said he was delaying his plan to order major strikes on Iran’s power plants, claiming that negotiations with Iran were going well despite Tehran’s continued insistence that talks with the US aren’t even happening. “As per Iranian Government request, please let...

Report: US Preparing for Ground Troops in Iran

(Dave DeCamp, Antiwar.com) The Pentagon is developing options for a potential major escalation against Iran that could involve ground troops and an intensified bombing campaign, Axios reported on Thursday. US officials and other sources speaking to Axios reporter Barak Ravid, a former IDF intelligence officer, described the potential escalation as...
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