(Mike Maharrey, Money Metals News Service) India has brought more of its gold home. Last spring, the Reserve Bank of India repatriated 100 tons of gold, moving it from the UK to vaults within India's borders.
According to a report by the New Indian Express, the RBI recently moved another 102 tons...
(Headline USA) The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week.
The rate cut follows a larger half-point reduction in September, and it...
(Julianna Frieman, Headline USA) MSNBC’s Joe Scarborough was visibly stunned Thursday morning when he learned the price of butter far exceeded his assumption.
The Morning Joe host attempted to argue that the economy was a major factor in Vice President Kamala Harris’s loss against President-elect Donald Trump, citing an interaction he...
(Mike Maharrey, Money Metals News Service) ETF gold holdings globally increased for the sixth straight month in October. Big flows of gold into North American and Asian ETFs offset outflows from European-based funds.
Collective ETF gold holdings rose by 43 tons. Gold-backed funds now hold 3,244 tons of metal.
Global assets...
(Brien Lundin, Money Metals News Service) A clear-cut win by Trump negates the risk of political turmoil and sends gold and silver plunging.
But this bull market was never built on geopolitical risk — it’s a decades-long trend of ever-easier money and ever-greater debt that has sent gold to record heights.
The markets...
(Money Metals News Service) In this week’s Money Metals Midweek Memo, host Mike Maharrey dives deep into the broader economic landscape as the U.S. approaches another pivotal election.
Despite the usual hype of each election cycle being “the most important,” Maharrey offers a different perspective, suggesting that regardless of the outcome,...
(Mike Maharrey, Money Metals News Service) The votes are counted, and the results are in! Donald Trump will occupy 1600 Pennsylvania Avenue for the next four years.
The GOP will also control both houses of Congress.
Much will change in the next four years. But it’s also important to consider the...
(Jp Cortez, Money Metals News Service) As the United States braces for the aftermath of a decisive Trump victory for the Presidency, the principles of sound money seem destined to take a backseat to what is politically expedient – at least at the federal level.
This is due to the inherent nature...
(Headline USA) The U.S. stock market, Elon Musk’s Tesla, banks and bitcoin all stormed higher Wednesday as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world.
Among the losers the market sees: the renewable-energy industry and foreign currencies.
The S&P 500...
(Brien Lundin, Money Metals News Service) Gold was smashed last Thursday, dropping over $50 an ounce at one point during the trading session.
Since then, the price has traded sideways as investors contemplate the potential outcome of the U.S. presidential election, with results expected tomorrow evening...or at some point over the weeks...
(Mike Maharrey, Money Metals News Service) After slowing in August, central bank gold buying rebounded in September.
On net, central banks globally added 40 tons of gold to their reserves. This compares to an 8-ton increase in global central bank gold holdings in August, according to the latest data compiled...
(Mike Maharrey, Money Metals News Service) Gold and silver have been on a tremendous run in 2024. In fact, they are the two best-performing assets this year.
As of the end of October, silver was up by 42.4 percent, and gold was up by 33.7 percent. This compares to a...