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Saturday, January 4, 2025

FINANCE

A Next-Level Gift: Gold!

(Mike Maharrey, Money Metals News Service) An anonymous "elf" in New Albany, Indiana, took the Christmas-giving spirit to the next level by dropping a gold nugget into a Salvation Army kettle. Almost every year, I read about somebody gifting the Salvation Army gold. It always makes the news because getting...

Budget Deal Avoids Government Shutdown But Exposes Bigger Problem

(Mike Maharrey, Money Metals News Service) The federal government “averted disaster” as it continued to hurdle toward the edge of a cliff. Last week, Congress approved a bill to fund the government through March 14 and avoided a “government shutdown.” However, it did nothing to address the ever-growing national debt,...

Gold-Backed Scholarship Program Awards $11,500 to Nine Students

(Jp Cortez, Money Metals News Service) Nine bright young scholars earned $11,500 to put towards the cost of college through a scholarship program promoting the sound money cause. The Sound Money Scholarship is an annual essay contest organized by Money Metals Exchange (the U.S. precious-metals dealer ranked “Best Overall”) and the Sound Money...

India Gold Imports at Record Levels in November

(Mike Maharrey, Money Metals News Service) Gold imports into India surged to record levels in November as strong demand continued in the wake of government tax cuts. India ranks as the second-largest gold market in the world. Gold demand got a big boost in July after the Indian government cut taxes on...

Yukon Cornelius & His Quest for Silver & Gold Wasn’t What You Think!

(Mike Maharrey, Money Metals News Service) It’s the Friday before Christmas, and as my gift to you, I’m going to wreck one of your childhood holiday memories. Yes. I am a grownup. But I still love Christmas specials. Snoopy decorating his doghouse. The Grinch folding up the Christmas tree like...

Trump Wants to Stop Biden’s Sale of Border Wall

(Dmytro “Henry” Aleksandrov, Headline USA) President-elect Donald Trump recently filed an amicus brief on Thursday in support of a legal effort by Texas and Missouri to "immediately" stop Joe Biden and his administration from selling the border wall materials. Fox News reported that earlier this week, Texas and Missouri filed...

Color-Haired Dem Loses It After Musk Exposes Secret Wishlist in CR Bill

(Luis Cornelio, Headline USA) Rep. Rosa DeLauro, D-Conn., threw a temper tantrum on the House floor, railing against Elon Musk for persuading Republicans to abandon a funding bill plagued with several wish list items from the Democratic Party.  DeLauro, known for her signature purple-dyed haircut, aired her grievances during Thursday’s debate over...

U.S. Taxpayers Spending MILLIONS to Maintain Superyacht Seized from Russian Billionaire

(Ken Silva, Headline USA) On the heels of Russia invading Ukraine, the Justice Department announced in May 2022 that it seized a 348-foot luxury vessel owned by sanctioned Russian billionaire Suleiman Kerimov—touting the move as a major win against Russia’s corrupt oligarchy. “This yacht seizure should tell every corrupt Russian...

MSNBC Hosts Who Pushed Trump-Nazi Comparisons Face Pay Cuts

(Luis Cornelio, Headline USA) MSNBC may soon slash the salaries of some of the network’s leftist hosts if they want to keep their anchoring positions. This decision dealt yet another blow to the already-struggling legacy media apparatus following President-elect Donald Trump’s landslide victory.  According to The Ankler newsletter, MSNBC executives are...

Inflation Bites: The $38 Million Man

(Mike Maharrey, Money Metals News Service) It's easy to think of "inflation" as an abstract economic principle and forget that it has real impacts on real people. Federal Reserve Chairman Jerome Powell acknowledged the pain of price inflation during his press conference at the close of the December FOMC meeting. "We understand...

Fed Keeps Party Going w/ Rate Cut But Threatens to Cool Shindig Down

(Mike Maharrey, Money Metals News Service) Daddy poured more punch into the punchbowl even as he threatened to cool the party down. Whether Papa Powell follows through on the threat remains to be seen. The Federal Reserve delivered another interest rate cut at its December meeting, trimming the federal funds...

Scarcity, Gold, and Inflation: Lessons for Navigating a Volatile Economy

(Money Metals News Service) The Money Metals Midweek Memo celebrates its milestone 50th episode with host Mike Maharrey delivering an in-depth analysis of economic principles, investment trends, and the current state of the gold market. This episode offers valuable guidance for navigating an increasingly volatile financial landscape. The Economic Principle of Scarcity Maharrey begins...
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