Thursday, May 8, 2025

FINANCE

Buy Gold to Hedge Against Everything!

(Mike Maharrey, Money Metals News Service) You often hear gold referred to as an “inflation hedge.” Jim Rickards argues that we should really consider gold the “everything hedge.” Rickards is an investment banker and a well-known commentator and market analyst. Gold has been on a tear for well over a year....

Amazon Launches Its First Internet Satellites to Compete Against SpaceX’s Starlinks

Amazon’s first batch of internet satellites rocketed into orbit Monday, the latest entry in the mega constellation market currently dominated by SpaceX's thousands of Starlinks. The United Launch Alliance's Atlas V rocket carried up 27 of Amazon's Project Kuiper satellites, named after the frigid fringes of our solar system beyond Neptune. Once released in orbit, the...

Kenya Considering Gold to Diversify Away from Dollar

(Mike Maharrey, Money Metals News Service) The Central Bank of Kenya (CBK) is considering adding gold to its reserves to “diversify away from other currencies.” Given that the Kenyan central bank holds most of its foreign reserves in dollars, this appears to be yet another step toward global de-dollarization. During an interview...

Gold Isn’t Going Up

(Jesse Colombo, Money Metals News Service) Inflation is caused by the growth of the money supply, and gold is a strong hedge because it rises alongside it. Whenever gold rises and I get excited as a gold investor, I’m often met with the familiar refrain: "Gold isn’t really going up—the dollar...

Scammer Steals $500,000 in Gold Coins from Oregon Woman

(Mike Maharrey, Money Metals News Service) Here's a way to avoid 90 percent of scams. Don't answer the phone, and don't click links in emails. It's pretty simple, really. If you don't interact with scammers, they can't scam you. It's highly unlikely that a crook will show up at your door...

Red Warning Light Blinking in U.S. Treasury Market

(Mike Maharrey, Money Metals News Service) While most market watchers have focused on the wildly yo-yoing stock market over the last few weeks, the Treasury bond market has been flashing warnings. Higher yields and relatively weak Treasury auctions this week, with a notable drop in foreign buyers, indicate sagging demand...

Amazon Isn’t Planning to Show Tariff Costs Next to its Online Product Listings

(Headline USA) Amazon is not planning to list added tariff costs next to product prices on its site — despite speculation spanning from a report that claimed the e-commerce giant would soon show new import charges, as well as fiery comments from President Donald Trump's White House denouncing such a...

Wall Street Journal Urges Trump to Open the Gates for Legal Migrants

(José Niño, Headline USA) With the border under control, the question remains: Should America open its doors to more legal immigrants for economic reasons? According to Customs and Border protection data, February 2025 saw only 8,347 illegal alien border crossings along the southwest border, representing a 71% decrease from January...

‘60 Minutes’ Reporter Accuses Parent Company of Corruption on Air

(Headline USA) “60 Minutes” correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show's executive producer who resigned last week, saying on the air that “none of us is happy” about the extra supervision that corporate leaders are imposing. Pelley made his comments at the end of the evening's CBS...

Questions Swirl Around Rep. Vindman’s $38,783 ‘Fundraising’ Expense

(José Niño, Headline USA) Another Democrat is under fire for questionable campaign spending, this one involving Rep. Eugene Vindman,D-VA., and a hefty payment to a Florida bookstore, according to a bombshell report from the New York Post. Recent financial disclosures show Rep. Vindman’s campaign spent $38,783 last month, labeling it...

Voters Focused on Prices, Tariffs as Trump Finishes 1st 100 Days

(Brett Rowland, The Center Square) American voters are focused on prices, tariffs and illegal immigration as President Donald Trump approaches the 100-day mark of his second term in the White House, which is Tuesday. The Center Square Voter's Voice poll found that immigration issues, which helped put Trump win the...

Education Dept. Opens Investigation on UC Berkeley over Foreign Funding

(Headline USA) The Trump administration launched an investigation into the University of California, Berkeley, on Friday centered on foreign funding, making it the latest university to be targeted by the federal government. The investigation revives criticism from several years ago about the university’s partnership with China’s Tsinghua University. It comes after...
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