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Wednesday, November 20, 2024

FINANCE

Nebraska Sen. Introduces Measure to Eliminate Income Taxes on Gold, Silver

(Money Metals News Service) The Nebraska State Senate will consider a measure that explicitly states that Central Bank Digital Currencies are not money in the state of Nebraska, as well as eliminating capital gains taxes from gold and silver. Senator Ben Hansen (R-16) has introduced LB 1305 in the 2024 legislative season....

In-N-Out to Close Oakland Location Due to Rampant Crime

(Headline USA) In-N-Out Burger’s only location in Oakland, Calif., announced this weekend that it would be closing its doors due to rampant crime. The fast food joint is one of the only burger spots still turning a profit and has been in the community for 18 years. But continuing operations has...

MAHARREY: Would Another Precious Metal Yield Better ROI than Kanye’s Titanium Teeth?

(Michael Maharrey, Money Metals New Service) Kanye West recently posted a picture of himself on Instagram sporting titanium dentures.   View this post on Instagram   A post shared by DONDA TIMES (@dondatimes) In the post, Ye (as Kanye now refers to himself) referenced Jaws, the iconic James Bond nemesis featured in The Spy...

Republicans, Democrats Team Up to Saddle Americans with More Debt

(Money Metals News Service) Bullion investors are naturally concerned about unsound monetary and fiscal policy. Many of them buy precious metals, in part, because they recognize the federal government is out of control when it comes to borrowing and spending. This makes the most recent betrayal by the Republicans in...

Chinese Gold Demand Up in 2023 Even With Soaring Prices

(Money Metals News Service) Chinese gold demand improved in 2023 even as the price in yuan soared. China ranks as the world’s biggest gold market, and Chinese demand has a significant impact on the global gold market. Gold charted a 17 percent increase in yuan terms and was the second-best-performing asset...

Trump Vows to Block Central Bank Digital Currency Schemes

In this week's Money Metals’ Weekly Market Wrap update with Mike Gleason, the podcast covers several key financial topics Stock Market Trends  The S&P 500 index is approaching record highs, suggesting a bullish trend in the stock market. Precious Metals Market  There has been a rally in the gold and silver markets, partly...

Hawaii House to Reconsider Ending Sales Tax on Sound Money

(Money Metals New Service) Representatives in the Ahola State have reintroduced legislation to end the sales tax on purchases of gold and silver. Introduced by Representatives Diamond Garcia, David Alcos, Lauren Matsumoto, Elijah Pierick, and Gene Ward, House Bill 1724 removes general excise tax on purchases of gold and silver coins and bullion in...

Which Countries Have the Most Gold?

(Money Metals News Service) Central banks around the world have aggressively added gold to their reserves over the last several years. In 2022, central bank gold buying came in at 1,136 tons. It was the highest level of net purchases on record dating back to 1950, including since the suspension...

NJ Governor Vetoes Popular Gold and Silver Sales Tax Exemption Bill

(Money Metals News Service) - New Jersey Governor Phil Murphy has unilaterally killed a bill that would have exempted the sales tax on purchases of gold and silver. A5294/S1825 had passed out of both committees and both chambers of the New Jersey legislature without a single "no" vote. This popular bill had...

‘Squad’ Fire-Alarm Puller Demands $14 TRILLION for Reparations

(Headline USA) “Squad” Rep. Jamaal Bowman, D-N.Y., unveiled a federal reparations package this week that would cost the U.S. government $14 trillion, the Daily Mail reported. For context, the amount would be roughly the same as the amount that the Trump and Biden administrations combined had increased the national debt since...

Jamie Dimon, ‘Davoisie’ Admit Trump Was Right, Warn of Overreacting

(Headline USA) JPMorgan Chase CEO Jamie Dimon warned Democrats and the media this week to stop belittling supporters of former President Donald Trump. “I wish the Democrats would think a little more carefully when they talk about MAGA,” Dimon told CNBC’s Squawk Box Wednesday in an interview from the World...

The Goldilocks Economy Is a Fairytale

(Money Metals News Service) The mainstream psyche has latched onto a Goldilocks scenario where inflation dies, interest rates fall, and the economy glides to a soft landing. People should probably read the end of the story because Goldilocks dies. Also – it’s a fairytale. When they hear the name Goldilocks, most people...
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