FINANCE

Russian Gold Reserves Down 62 Tonnes This Year as They Support the Wartime Economy

(Mike Maharrey, Money Metals News Service) Russia is demonstrating that gold's role as money has not diminished. It remains a critical monetary reserve asset that can be utilized when conventional revenue and financing are restricted. Russia drew down its gold holdings by another 6.2 tonnes in September. That dropped the...

Monetary Lessons from the Spanish Scholastics

(Ben Seevers, Money Metals News Service) It is becoming more common for those on the right to be skeptical or downright hostile to free markets. Since President Trump entered the political scene over a decade ago, conservatives have increasingly abandoned free market principles. The same is true for the religious...

Trump Says US Oil Companies Are Making a ‘Fortune’ Due to the Iran War

(Dave DeCamp, Antiwar.com) President Trump on Saturday boasted that US oil and gas companies are making a “fortune” due to the shipping disruptions in the Strait of Hormuz caused by his war with Iran, and dismissed the high gas prices that Americans are facing at the pump. “While oil prices are...

Trump Announces at a Georgia Rally That Audi Will Build a New Factory There

(Headline USA) President Donald Trump on Saturday announced that Audi will build an automobile plant in Georgia as he tries to deliver on his promise to bolster American manufacturing in the final days before the midterm elections. Speaking at a campaign rally in Perry, Georgia, where he sought to boost Republican...

Gold’s $4,000 Test: Przemyslaw K. Radomski

(Money Metals News Service) Gold and silver may face more near-term pressure, but precious metals analyst Przemyslaw K. Radomski, CFA, does not believe the long-term bull market is over. In an interview with Money Metals podcast host Mike Maharrey, Radomski discussed technical warning signs, rising interest rates, the Federal Reserve’s...

Pentagon to Develop Deep-Cover Espionage Capabilities Against China

(Kyle Anzalone, Libertarian Institute) The Department of War is seeking to build a more robust deep-cover spying program to wage economic warfare against China and other nations deemed adversaries of the United States.  A half-dozen sources familiar with the matter told The Washington Post that the Pentagon hopes to develop...

Melania Trump Helps Broker Local Ceasefire in Ukraine

(Headline USA) Ukraine’s top negotiator involved in a humanitarian mission led by U.S. first lady Melania Trump reportedly said that a local ceasefire with Russia will start Tuesday — two days before the mission begins — and last several days. Ukrainian, Russian and U.S. negotiators reached a deal Friday to...

Trump Calls on Omar to Resign Amid Federal Investigation

(Elyse Apel, The Center Square) President Donald Trump is calling on U.S. Rep. Ilhan Omar to resign amid the ongoing federal investigation into the Democratic congresswoman from Minnesota. “It was just revealed just a little while ago that . . . her name is not Ilhan Omar, the one that...

DOJ Reportedly Scrutinizing Corey Lewandowski Amid Democratic Demands

(Luis Cornelio, Headline USA) The Trump-led DOJ is reportedly examining allegations that Corey Lewandowski, one of President Donald Trump's longtime allies, may have profited from his senior adviser role at DHS when Kristi Noem led the department, according to The Wall Street Journal. The allegations against Lewandowski stem from a referral...

Ancient Gold Earrings Discovered in Roman Cemetery

(Mike Maharrey, Money Metals News Service) Need a gift that stands the test of time? Get gold! Gold stud earrings are always a good choice. They are beautiful, classic, and will last, well, forever! Or at least a really long time. How long have people been getting gold earrings as gifts? At least...

Debt Black Hole: Car Loan Payments Hit Record Level

(Mike Maharrey, Money Metals News Service) The Debt Black Hole keeps getting bigger. American auto loan payments just hit an all-time high of $787 per month. Pile that on record credit card debt and relentless price inflation, and it’s no wonder American consumers feel stressed! Rapidly rising vehicle prices (thanks, inflation!) combined...

Cook Report Shifts Minnesota U.S. Senate Race in Favor of Republican

(Elyse Apel, The Center Square) With less than two weeks until Election Day, the Minnesota U.S. Senate race has shifted in favor of Republican and former sports broadcaster Michele Tafoya. The Cook Political Report shifted its rating in the race from “Likely Democrat” to “Lean Democrat.” The shift comes as fraud,...
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