Friday, April 18, 2025

FINANCE

Silver Set to Explode as Gold Breaks Records

(Money Metals News Service) In the latest episode of the Money Metals podcast, host Mike Maharrey welcomes Peter Krauth—veteran resource market analyst, publisher of Silver Stock Investor and Silver Advisor, and author of The Great Silver Bull. Together, they explore the rapid acceleration in gold prices, silver’s current lag, and why both metals may be poised for...

OPINION: As Tariffs Tank Markets, Economy Thirsts for Tax Cuts

(Deroy Murdock, Headline USA) More carrots, please! Feeling flogged by sticks, Wall Street greeted President Donald J. Trump’s Liberation Day with a bellowing Bronx cheer. On Wednesday, Trump unveiled 10% across-the-board tariffs on all imports, plus reciprocal taxes tailored to foil foreign tariffs on U.S. goods. Financial markets opened Thursday and...

CA Fails Audit of Federal Programs, 66% of COVID Unemployment Benefits in Question

(Kenneth Schrupp, The Center Square) California did not materially comply with the requirements for seven of the 22 federal programs the state auditor examined, including “pervasive” noncompliance in its unemployment benefits program, which could put essential federal funding at risk. “This report concludes that the State did not materially comply...

2 States Poised to be First Since 1980 to Eliminate Income Tax

(Headline USA) About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their economies keep growing. The push to zero out the income tax...

A Dollar’s Not Worth Much But It Makes Good Wallpaper

(Mike Maharrey, Money Metals News Service) Is a dollar worthless? No. Well, not quite. Dollars make good wallpaper. If you visit Charleston, S.C., stop by The Griffon - English Style Pub. You’ll find the inside wallpapered with dollar bills. There are dollar bills on the walls. There are dollar bills on...

Central Banks Gobbled Up More Gold in February

(Mike Maharrey, Money Metals News Service) Record prices haven't dulled central banks' appetites for gold. Globally, central banks officially added another net 24 tonnes of gold to their reserves in February, according to the latest data released by the World Gold Council. Poland was the biggest buyer in February, adding...

U.S. Adds 228,000 Jobs in March, Surpassing Expectations

(​Dan McCaleb, The Center Square) The U.S. added 228,000 jobs in March, the U.S. Department of Labor reported Friday, nearly double what was forecast. Employment gains occurred in the health care, transportation, warehousing and retail trade industries, according to the Labor department. The overall gains come despite significant layoffs in the...

Indians Turning to Gold as Stocks Sag

(Mike Maharrey, Money Metals News Service) Indian investors are turning to gold as the domestic stock market tanks. This isn't a surprise, but there is a twist. Indians are increasingly turning to ETFs to gain exposure to the yellow metal. Indians have a long love affair with gold. The country ranks...

Dollar’s Reserve Status Losing Ground to Gold and Other Currencies

(Mike Maharrey, Money Metals News Service) The U.S. dollar's status as the global reserve currency continues to erode, with gold and “non-traditional” reserve currencies gaining ground. According to recently released IMF data, the dollar’s share of global reserve currencies slid further last year. Total holdings of dollar-denominated securities by central banks...

Gold at Record Highs, Silver Lags, and the Future of Sound Money

(Money Metals News Service) In the latest Money Metals Midweek Memo, host Mike Maharrey tackles the most frequently asked questions from investors, precious metals enthusiasts, and citizens concerned about the state of the economy. This episode functions as a deep-dive AMA (Ask Me Anything), unpacking the implications of gold’s historic surge,...

China’s Gold Reserves Going Through the Roof

(Jan Nieuwenhuijs, Money Metals News Service) The People’s Bank of China (PBoC) continues to buy unprecedented amounts of gold as the global financial is deleveraging (i.e. investors exchange credit assets for gold). In 2024, the Chinese central bank covertly bought 570 tonnes, encouraging gold’s ascent in global international reserves by 4%, the...

Moody’s Warns of Deteriorating U.S. Creditworthiness

(Mike Maharrey, Money Metals News Service) Would you loan money to Uncle Sam? That’s becoming a pertinent question as the U.S. government’s fiscal situation continues to deteriorate. The national debt surged over $36 trillion last fall, and despite some cutting by DOGE, there is no sign that the spending is going to...
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