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Sunday, November 24, 2024

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Russians Using Gold to Do Business, Skirt Sanctions

(Mike Maharrey, Money Metals News Service) Russian businesses are using gold to pay Chinese suppliers as a way to skirt economic sanctions. According to the Russian website Russia’s Pivot to Asia, Russian businesses are buying physical gold in Russia and then transporting it to Hong Kong via courier. There, the...

Bucking Gold Repatriation Trend, Argentina Sends More Gold to London

(Jan Nieuwenhuijs, Money Metals News Service) In July, the Central Bank of Argentina (BCRA) shipped another 3 tonnes of gold to the U.K. to swap for foreign exchange. A month prior, BCRA also transported 3 tonnes to the U.K. BCRA is now estimated to have 37 tonnes (60% of...

Instagram Enacting Strict New Privacy Settings for All Teen Accounts

(Headline USA) Instagram is making teen accounts private by default as it tries to make the platform safer for children amid a growing backlash against how social media affects young people's lives. Beginning Tuesday in the U.S., U.K., Canada and Australia, anyone under under 18 who signs up for Instagram...

Don’t Forget About Silver

(Clint Siegner, Money Metals News Service) Silver exploded higher last week, gaining nearly $3/oz (over 10%). Despite the big move, the ratio of the gold price to the silver price is still around 84 to 1. The long-term average for the gold/silver ratio is under 50, but it has...

The High Stakes of Silver: A Billy the Kid Poker Parable

(Jon Forrest Little, Money Metals News Service) An old Sunday school story may be the best metaphor for the risks of today's high paper-to-silver ratio. Let me take you back to the Old West, New Mexico specifically. There are over 15,000 abandoned mining sites in New Mexico, a state which boasts...

Founding Father Edmund Randolph vs. The Federal Reserve

(Mike Maharrey, Money Metals News Service) After Congress passed a bill to establish the first national bank -- a forerunner of the modern Federal Reserve -- President George Washington asked Attorney General Edmund Randolph to prepare an opinion on the bill’s constitutionality. Randolph came down firmly against the measure,...

Nassim Taleb: People Aren’t Seeing the Real De-Dollarization

(Mike Maharrey, Money Metals News Service) It's not a "black swan" event. In fact, it's playing out right before our eyes and was entirely predictable. The world is slowly but surely spurning the dollar.  But most people haven't noticed. De-dollarization might seem like a wild conspiracy theory, but it is happening....

Greg Weldon on Inflation, Debt, and the Rise of BRICS: Insights for Savvy Investors in 2024

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey interviewed Greg Weldon, founder and CEO of Weldon Financial, to discuss the latest trends in inflation, central bank policy, consumer debt, and the global shift led by BRICS nations. Weldon, a 40-year market veteran,...

TV: Stefan Gleason on ‘Fort Knox West’ and Why Miners Should Hold Gold

(Money Metals News Service) In a recent interview with Charlotte McLeod of Investing News, Stefan Gleason, president and CEO of Money Metals Exchange, shared his insights on key trends in the precious metals market, the company's latest developments, and the increasing role of gold and silver as economic insurance. Money...

Deluzio, Lieu Introduce ‘Full Cost of War’ Act

(Christen Smith, The Center Square) Congressional war declarations should include funding for future veteran benefits, according to legislation introduced Thursday. The Full Cost of War Act, sponsored by Democratic U.S. Reps. Chris Deluzio of Pennsylvania and Ted Lieu of California, would require more funding for the Department of Veterans Affairs...

Americans May Foot $3.4B Bill for Haitian Benefits Under Biden-Harris

(Luis Cornelio, Headline USA) American taxpayers may soon be responsible for up to $3.4 billion in costs due to the Biden-Harris administration's benefit program for Haitian nationals, a new study by the Daily Mail has found.  This staggering figure stems from the scandal-embroiled administration’s controversial CHNV program, which flies 30,000 Haitian...

Calif. Not Paying Released Inmates $200 Could Cost Taxpayers $5B

(Kenneth Schrupp, The Center Square) San Francisco’s former district attorney is leading a class action lawsuit requiring the state to follow through on a 1973 statute signed into law by then-governor Ronald Reagan to pay prisoners who have served more than six months $200 upon their release as “gate...
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