(Money Metals News Service) In this week’s Money Metals Midweek Memo, host Mike Maharrey draws a sharp parallel between preparing for hurricanes and preparing for financial storms.
Using his own recent investment in hurricane panels as a jumping-off point, he warns that most Americans are dangerously unprepared for economic upheaval—whether...
(Brett Rowland, The Center Square) Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time.
Experts expected the U.S. to pass the $37 trillion mark months ago. The Treasury Department marked the milestone in...
(Thérèse Boudreaux, The Center Square) On the day before Social Security’s 90th anniversary, fiscal watchdogs are urging Congress to seriously address the program’s impending funding shortfalls – particularly in light of the now $37 trillion national debt – even as lawmakers met Wednesday to discuss increasing benefits.
“The looming shortfalls...
(Mike Maharrey, Money Metals News Service) The July CPI data indicated moderate price inflation and boosted optimism for a September interest rate cut, even though monetary inflation is on the upswing.
There were no big surprises in the July CPI data, with the numbers generally coming in as forecast. Markets...
(Kenneth Schrupp, The Center Square) California’s annual state spending is up 50% per capita, or $106.3 billion, since 2019, the first year Gov. Gavin Newsom took office, highlighting the state’s growing budget woes.
According to taxpayer advocates, the state government has increased spending, despite the state’s constitutionally-mandated balanced budget requirement,...
(Andrew Rice, The Center Square) The deadline to enact further reciprocal tariffs against China will be extended by 90 days, President Donald Trump announced Monday night.
“ continues to take significant steps toward remedying non-reciprocal trade arrangements and addressing the concerns of the United States relating to economic and national...
(Mike Maharrey, Money Metals News Service) Indian jewelry dealers remain upbeat despite headwinds created by higher prices. They expect demand to rebound in the latter half of the year and are aggressively stocking inventory as the fall festival and wedding season approaches.
India ranks as the second-largest gold market in...
(Jesse Colombo, Money Metals News Service) I wanted to post a quick follow-up to the recent tariff saga that has whipsawed the gold market in recent days—and, by extension, silver, due to their close correlation. I first covered this on Saturday, and yesterday brought the latest development.
After some back-and-forth over...
(Andrew Rice, The Center Square) Nvidia will pay the United States 15% of the money it makes from selling artificial intelligence chips to China, President Donald Trump said in a press conference on Monday.
Trump said he allowed Nvidia CEO Jensen Huang to sell H20 chips to China while the...
(Headline USA) Billionaire SpaceX, Tesla and X owner Elon Musk says he plans to sue Apple for not featuring X and its Grok artificial intelligence chatbot app in its top recommended apps in its App Store.
Musk posted the comments on X late Monday, saying, “Hey @Apple App Store, why do...
(Clint Siegner, Money Metals News Service) There are hints that at least a few within the federal government are toying with the idea of revaluing U.S. gold reserves.
The 261.5 million ounces of gold reportedly owned by the U.S. Treasury have been held on the books at just $42.22/oz since the last...
(Jesse Colombo, Money Metals News Service) What to know about last week’s tariff-driven spike and drop in COMEX gold futures, and what it means for gold’s next move.
What began as a quiet week for gold took an unexpected turn on Thursday afternoon when speculation emerged that gold bullion imports into the...