Are We Near Peak Gold? Why Supply Struggles Could Drive Prices Higher

Money Metals News Service
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Are We Near Peak Gold? Why Supply Struggles Could Drive Prices Higher

(Money Metals News Service) Mike Maharrey opened this week’s Money Metals Midweek Memo with an anecdote about metal detecting—a light segue into a serious look at gold scarcity. He recounted the 1979 discovery of the Golden Beauty, a nearly 10-pound gold nugget found in Western Australia, now up for auction with an opening bid of $400,000. At current gold prices, the nugget’s melt value is closer to $481,800.

But such discoveries are rare. In fact, experts say that even finding a one-ounce gold nugget is harder than finding a five-carat diamond. This underscores gold’s enduring scarcity—a defining feature that gives it monetary value, in stark contrast to fiat currencies that can be printed at will.

The Finite Supply of Gold

To date, humanity has mined approximately 216,265 metric tons of gold, according to the World Gold Council. Two-thirds of that total has been extracted since 1950 thanks to improved mining technologies. Though this number sounds substantial, if melted into a cube, it would only measure about 22 meters on each side—not even half the length of an Olympic swimming pool.

In physical terms, all the world’s gold stacked as 400 kg bars next to the Statue of Liberty would only reach her waist.

Flattening Mine Production

Global gold mine output has plateaued since 2018, raising questions about whether the world is approaching “peak gold”—the point where annual gold production begins to decline.

In 2023, miners produced 3,661 metric tons of gold—a record, but only three tons higher than the 2018 record. After rising consistently for decades, output dipped 1% in 2019, the first absolute decline since 2008.

Analysts point to diminishing returns in mining: declining ore grades, aging mines, and fewer major new discoveries. The World Gold Council warned in 2022 that production is “close to plateauing.”

Concerns about peak gold have circulated for over a decade. In 2016, Mining.com observed there were “no more easy gold discoveries,” while MarketWatch warned of an impending production cliff.

Randall Oliphant of the World Gold Council echoed these warnings in 2017, predicting that production would plateau or decline. In 2018, Goldcorp Chairman Ian Telfer stated bluntly: “We’re right at peak gold.”

Since 2020, only five major discoveries totaling 17 million ounces have been reported. In the past decade, the number of new deposits has dwindled: 132 discoveries in the 1990s, 93 in the 2000s, just 25 in the 2010s, and none in the past three years. Of the 278 discoveries since 1990, roughly half remain undeveloped.

South Africa, once the top gold producer, offers a cautionary tale: in 2020 it fell out of the global top 10. A 2017 South African government study projected the country could exhaust accessible gold reserves within four decades.

Technological Hope—But Long Timelines

There is reason for cautious optimism. New technologies may allow miners to access deeper and harder-to-reach ore. Rising gold prices also incentivize exploration.

Paul Manalo of S&P Global projects gold supply could peak in 2026, calling the outlook a “mixed bag.” Exploration budgets have risen since 2017, but translating new finds into production takes years.

Meanwhile, demand remains strong, with global central banks continuing to add gold to reserves—though net buying slowed to 12 tons in April due to a major sale by Uzbekistan.

Investment demand is critical for future price growth. Bank of America projects that gold could reach $4,000 per ounce and silver $40 per ounce by late 2025 or early 2026. To achieve this, gold investment demand would need to rise 18% year-over-year—a level surpassed in both 2016 and 2020.

Currently, gold prices have hovered between $3,000 and $3,300 after hitting $3,500 in April. BofA’s Francisco Blanch sees this as a consolidation phase, expecting prices to resume their upward trajectory in the second half of 2025.

Silver’s Parallel Path

Silver, too, is poised for gains. Though Blanch described it as “half precious, half industrial,” Maharrey argued that industrial demand—especially for green energy applications like solar—is driving the market.

Industrial silver demand hit a record last year and is projected to remain robust despite tariff uncertainties. Over time, silver historically tracks gold, albeit with more volatility. When Western investors return to the market in earnest, silver may see significant upside.

The Bigger Picture: Currency Devaluation

Ultimately, Maharrey reminded listeners that rising gold and silver prices reflect the declining value of fiat currency. With U.S. national debt surpassing $37 trillion and little political will to curb spending, he contends that Treasuries are becoming riskier, while gold and silver remain true safe havens.

Bank of America concurs, stating: “Gold could end up being a less risky investment than Treasuries.”

A Call to Action

Maharrey closed by urging listeners to consider diversifying into physical gold and silver—especially through Money Metals’ monthly savings program, which allows investors to build positions starting at $100 per month.

As the gold bull run continues and global monetary risks mount, Maharrey’s message was clear: now is the time to prioritize sound money.

Judge Blocks Order to Deport Boulder Suspect’s Family

Headline USA Editor
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Judge Blocks Order to Deport Boulder Suspect’s Family

(, The Center Square) The family of the suspect in the Boulder, Colo. “terror attack” have been given a reprieve from “immediate” deportation after a federal judge blocked their deportation order.

Judge Gordon Gallagher of the U.S. District Court of Colorado ordered the Department of Homeland Security to halt the deportation of the wife and five children of Mohamed Soliman, an Egyptian national charged in Sunday’s firebombing.

The family members of Soliman were detained by U.S. Immigration and Customs Enforcement officials Tuesday. At the time, the White House claimed the family members could be deported immediately.

However, Gallagher granted a request from the family to block their deportation, citing due process.

“The court finds that deportation without process could work irreparable harm and an order must issue without notice due to the urgency this situation presents,” the judge wrote in his order.

None of the family members have been charged in connection to the attack, which left 12 people injured.

The FBI said Soliman used a “makeshift flame thrower and threw an incendiary device into the crowd” during a pro-Israel event organized by Run for Their Lives. The group was advocating for the return of Israeli hostages being held by Hamas following the Oct. 7, 2023, attack on a Jewish music festival in Gaza.

In a social media post on Tuesday afternoon, Homeland Security Secretary Kristi Noem said Soliman’s family is also under investigation.

“We’re also investigating to what extent his family knew about this horrific attack, if they had any knowledge of it, or if they provided support to it,” Noem said.

Following the attack, DHS confirmed that Soliman had overstayed his visa and had remained in the country “illegally.”

“He entered the country in August 2022 on a B2 visa that expired in February 2023. He filed for asylum in September 2022,” according to Tricia McLaughlin, assistant secretary for Public Affairs at the Department of Homeland Security.

According to reports, Soliman was heard yelling, “Free Palestine” during the attack.

Soliman reportedly told law enforcement that “he wanted to kill all Zionist people and wished they were all dead.”

“At least 14 unlit Molotov cocktails and a backpack weed sprayer, potentially containing a flammable substance, were found nearby,” according to a release from the U.S. Attorney’s Office District of Colorado.

Soliman faces multiple felony charges in addition to a federal hate crime charge. He is being held in the Boulder County Jail on a $10 million bond. Soliman could face hundreds of years behind bars if convicted on all charges.

House Oversight Committee Expanding Investigation into Biden ‘Cover-Up’

Headline USA Editor
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House Oversight Committee Expanding Investigation into Biden ‘Cover-Up’

(, The Center Square) The U.S. House Committee on Oversight and Government Reform Committee is expanding its investigation into the “cover-up” of former President Joe Biden’s “mental decline.”

U.S. Rep. James Comer, R-Ky., sent letters to five former senior Biden White House aids, “demanding they appear for transcribed interviews.”

Letters have been sent to Michael Donilon, former senior advisor to the president; Anita Dunn, former senior advisor to the president for communications; Ronald Klain, former chief of staff; Bruce Reed, former deputy chief of staff for policy; and Steve Ricchetti, former counselor to the president.

In addition to the former president’s reported mental decline, Comer is seeking answers on the “potentially unauthorized issuance of sweeping pardons and other executive action.” Critics, including the Trump administration, have questioned whether an autopen was used to sign pardons and possibly other executive actions.

There is debate as to whether the pardons and actions could be voided if it is proven that an autopen was used.

Comer argues the need for transparency, calling the “cover-up” a significant scandal in American history.

“The American people deserve full transparency and the House Oversight Committee is conducting a thorough investigation to provide answers and accountability. The cover-up of President Biden’s mental decline is one of the greatest scandals in our nation’s history. These five former senior advisors were eyewitnesses to President Biden’s condition and operations within the Biden White House. They must appear before the House Oversight Committee and provide truthful answers about President Biden’s cognitive state and who was calling the shots,” said the congressman. 

Comer’s focus on the five individuals stems from a book by Jake Tapper and Alex Thompson, Original Sin, which the congressman quoted as claiming, “five people were running the country, and Joe Biden was at best a senior member of the board.”

This isn’t the first time Comer has subpoenaed key Biden White House aides. The congressman served Annie Tomasini, Anthony Bernal, and Ashley Williams with subpoenas after claiming the trio “ran interference” for the former president.

In addition, Comer has requested a transcribed interview with Dr. Kevin O’Connor, Biden’s physician. The congressman claims the “Biden White House obstructed the Committee’s investigation and refused to make the aids available to depositions or interviews.”

The congressman says he “expects the witnesses to voluntarily comply with the investigation.” He added that if they fail to agree to the interview, he will issue subpoenas “this week to compel their appearance.”

Creep Arrested at Mar-a-Lago after Attempt to ‘Marry’ Kai Trump

Luis Cornelio
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Creep Arrested at Mar-a-Lago after Attempt to ‘Marry’ Kai Trump

(Luis Cornelio, Headline USA) The Secret Service arrested a 23-year-old man after jumping a wall to unlawfully enter President Donald Trump’s Mar-a-Lago estate on Tuesday morning. His goal? Wed the president’s teen granddaughter. 

The suspect, Anthony Thomas Reyes, confessed to entering the West Palm Beach resort to “spread the gospel” and marry Kai Trump, Donald Trump Jr.’s oldest daughter, who turned 18 in May. 

This was Reyes’s second attempt to enter Mar-a-Lago; the first incident took place on New Year’s Eve, according to the New York Post. He now faces state charges of trespassing and could also face federal indictment. 

“The President is aware of this incident and has been briefed,” the White House said in a press statement, clarifying that Trump was not on Mar-a-Lago grounds at the time. 

Reyes’s alleged trespass is shocking, given that Mar-a-Lago is heavily guarded by federal law enforcement. At the time, the club was closed to guests, all of whom are subject to thorough security and background checks. 

Reyes’s attempt comes less than a year after Ryan Wesley Routh allegedly tried to assassinate Trump at the Trump International Golf Club, roughly 10 minutes from the Trump residence. 

Kai has gained national attention after addressing the Republican National Convention in July 2024—days after Trump narrowly escaped an assassination attempt at a Butler, Pennsylvania rally. 

“I’m speaking today to share the side of my grandpa that people don’t often see,” Kai said. “To me, he’s just a normal grandpa. He gives us candy and soda when our parents aren’t looking.” 

Addressing the assassination attempt, she added: “It was heartbreaking that someone would do that to another person. A lot of people have put my grandpa through hell and he’s still standing. Grandpa, you are such an inspiration and I love you.” 

Kai, a rising high school senior, is an aspiring professional golfer and a social media influencer, boasting of nearly 3 million followers on YouTube and Instagram combined. 

BREAKING: North Carolina Mass Shooter Given Bail—Twice!

Headline USA Editor
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BREAKING: North Carolina Mass Shooter Given Bail—Twice!

(Headline USA) A suspect in Sunday’s North Carolina mass shooting was inexplicably released on $200,000 bond Wednesday. Moreover, the suspect was already out on bond over another shooting in April

Garon Nathaniel Killian, 20, of Lenoir, was arrested Tuesday and accused of one count of attempted first-degree murder related to the shooting in a residential neighborhood about 7 miles south of Hickory. Killian remained in the Catawba County jail after a hearing Wednesday before a district court judge who said he could be released awaiting trial if a $200,000 bond was posted. Prosecutors had requested that no bond be allowed, media outlets reported.

The judge who gave Killian bail was not named by the outlets that broke the story.

By late Wednesday, authorities had announced they were seeking to apprehend three additional suspects — two each wanted on a charge of attempted first-degree murder and one facing three charges of helping someone under age 21 possess alcoholic beverages. Another suspect on identical alcohol counts has been arrested and jailed, according to the Catawba County Sheriff’s Office. Killian also is expected to face additional charges, sheriff’s Maj. Aaron Turk said.

A previous Hickory Police Department press release said Killian and another young man had been charged with several counts — including attempted first-degree murder and assault with a deadly weapon with intent to kill — for an April 6 altercation in a parking lot that led to shots being fired into a crowd. No one was injured.

The Charlotte Observer, citing court records, said that Killian had been free on a $100,000 bond. Killian’s attorney now and for the April case didn’t respond to phone and email messages Wednesday.

Catawba County Sheriff Don Brown told reporters that he was “outraged” by Wednesday’s $200,000 bond.

“I believe he should have never went back on the street after Hickory Police Department charged him with those crimes,” Brown said. “This is frustrating. It’s infuriating.”

Hickory police chief Reed Baer also expressed similar concerns.

At least 80 shots were fired beginning early Sunday shortly after midnight in a crime scene that spanned several properties along a neighborhood road, authorities said. People reported running, ducking for cover and scrambling to their cars for safety. FBI agents were still at the scene Wednesday working to determine the trajectories of the bullets that were fired.

Shawn Patrick Hood, 58, of Lenoir, was killed in the gunfire. He was the oldest of the victims, who ranged in age from as young as 16, the sheriff’s office said. Turk said that most of those injured were shot, but he didn’t immediately have information Wednesday on whether any of the injured were still in the hospital.

Turk said the investigation has determined that the shooting began from an elevated area in a yard neighboring the house where the party was happening. Other gunfire then erupted around the home, the home’s front yard and by the road.

The pending alcohol-related charges against two suspects are related to the planning and promotion of the house party, the sheriff’s office said.

Adapted from reporting by the Associated Press



Migrant Children Were Used to Sex-Traffic Other Migrant Children, Sen. Grassley Reveals

Jose Nino
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Migrant Children Were Used to Sex-Traffic Other Migrant Children, Sen. Grassley Reveals

(José Niño, Headline USA)  More than 65,000 reports of concern, including over 7,300 allegations of migrant child sex-trafficking, were ignored or dismissed under the Biden-Harris administration, according to Senate Judiciary Committee Chairman Chuck Grassley, R-IA. 

Grassley released a criminal referral he sent to the FBI and DHS late last month, revealing that these complaints were left unresolved for years. Grassley’s referral summarized the abuse of HHS’s Unaccompanied Alien Children (UC) program, which is responsible for the care and placement of migrant minors who arrive at the U.S. border without a parent or legal guardian.

Some of the cases highlighted in the Grassley’s criminal referral are shocking. For instance, whistleblowers told Grassley that a whopping 19 unaccompanied minor children were sent to the same apartment address. When the same address is used for numerous children, that’s an indicator of fraud.

In another case, a woman used a fraudulent birth certificate to sponsor Guatemalan children. When investigators researched the women, they found an image of “a female laying in a pool of blood with slash marks in various places on her scantily dressed body,” Grassley’s referral states, adding that officials also found evidence of child pornography when investigating the case.

Grassley’s referral also alleged that unaccompanied migrant children in the U.S. were sometimes used as sponsors for other migrant children in an apparent sex-trafficking scheme.

“Former UCs sometimes sponsor other children in a scheme to draw them to the United States for either labor or sex trafficking, and to pay off their own former sponsors or coyotes, who helped bring them to the U.S.,” his referral states.

Now, the Trump administration has begun tackling the backlog, processing more than 28 percent of the cases in just over 100 days. This renewed effort has already generated 528 investigative leads, 36 cases accepted for prosecution, seven indictments, 25 arrest warrants, 11 arrests, and three convictions.

In one prosecution, the DOJ announced charges last month against a Guatemalan illegal immigrant who lied about being the father of two unaccompanied children. That case highlighted the absurdity of what took place under the Biden regime, as it shows that the man used an incredibly poorly photoshopped image as part of his fraud scheme.

Grassley commended the Trump administration for its swift action and pledged to work with HHS Secretary Robert F. Kennedy Jr. to ensure justice.

This controversy is not new for Grassley, who has spent over a decade advocating for the protection of migrant children. Headline USA has previously reported on Grassley’s release of documents showing that HHS sent at least two unaccompanied children to homes with connections to the El Salvadoran gang, La Mara Salvatrucha, more popularly known as MS-13.

Ken Silva contributed to this report.

José Niño is the deputy editor of Headline USA. Follow him at x.com/JoseAlNino 

 

Lawmakers to Take up Rescissions Package Codifying $9.4 Billion in DOGE Cuts

Headline USA Editor
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Lawmakers to Take up Rescissions Package Codifying $9.4 Billion in DOGE Cuts

(, The Center Square) Congress will soon vote on the White House’s rescissions package that would pull billions in taxpayer dollars from foreign aid and public broadcasting programs.

The package, compiled by the Office of Management and Budget, requests the cancellation of $9.4 billion in already appropriated spending. This includes $8.3 billion for non-life saving foreign assistance and $1.1 billion for public broadcasting systems. Only a majority vote is needed in both chambers in order for the measure to pass.

OMB Director Russell Vought said the rescissions would eliminate “programs that are antithetical to American interests” and a “politically biased” public media system. These goals are consistent with the Department of Government Efficiency’s controversial efforts to slash federal spending.

Among other foreign assistance programs, the rescissions package rescinds $2.5 billion from total funds appropriated for Developmental Assistance and $1.7 billion from the Economic Support Fund, which OMB says have in practice conflicted with American interests and subsidized ideological projects.

Global Health Programs run by the U.S, Agency for International Development (USAID) would lose a total of $900 million. OMB says the decisions would not reduce treatment for HIV, AIDS, infectious diseases, or child and maternal health.

Instead, it would eliminate programs “that are antithetical to American interests and worsen the lives of women and children, like ‘family planning’ and ‘reproductive health,’ LGBTQI+ activities, and ‘equity’ programs,” the proposal says.

The Clean Technology Fund, which invests in renewable energy projects like electric buses and solar panels in developing countries, would also lose $125 million in funding.

DOGE and the Trump administration have zeroed in on what they view as wasteful foreign aid programs, especially those related to gender and climate initiatives.

Foreign aid experts have mixed opinions on how foreign aid cuts have impacted vulnerable populations globally. The rescissions package repeals $800 million, or nearly a third of the Migration and Refugee Assistance — which provides overseas humanitarian assistance through the State department — fiscal year 2025 budget. OMB argues that American taxpayers should not have to shoulder the brunt of overseas assistance.

OMB also argues that taxpayers should not have to subsidize the “politically biased” Corporation for Public Broadcasting, calling it an “unnecessary expense.” The package pulls back roughly $1.1 billion from the CPB budget appropriated for fiscal years 2024 through 2027.

The nonpartisan Committee for a Responsible Federal Budget praised the package as “a first step toward the major deficit reduction this country needs.”

“Rescissions packages can reduce the amount we spend and actually put that money to deficit reduction,” CRFB President Maya MacGuineas said. “They offer a way to actually codify some of the ‘DOGE’ savings into law, giving the President the opportunity to identify spending cuts and the Congress the chance to enact them.”

DOJ Finally Drops Case against Trump Adviser Peter Navarro

Headline USA Editor
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DOJ Finally Drops Case against Trump Adviser Peter Navarro

(Headline USA) The Justice Department is dropping a lawsuit that it filed against White House trade adviser Peter Navarro, a case in which he was accused of using an unofficial email account for government work and wrongfully retaining presidential records during the first Trump administration, according to a Tuesday court filing.

The joint filing by the Justice Department and an attorney for Navarro doesn’t explain why they are abandoning a case that was filed in 2022, during President Joe Biden’s term in office. The one-page filing says each side will bear their own fees and costs.

The lawsuit accused Navarro of using at least one “non-official” email account — a ProtonMail account — to send and receive emails. The legal action came just weeks after Navarro was indicted on criminal charges after refusing to cooperate with a congressional investigation into the Jan. 6, 2021, Capitol Hill uprising. That congressional investigation has since been revealed to be mired in its own illegalities.

Navarro was convicted of two misdemeanor contempt of Congress charges in September 2023, and sentenced to four months imprisonment.

The former director of the Office of Trade and Manufacturing Policy under the Trump administration had argued that he didn’t flagrantly violate the law, but instead invoked executive privilege as his reason for not complying with the subpoena. Navarro noted that the courts are still reviewing the legal question of whether his actions were legal.

Nevertheless, an Obama-appointed federal judge ordered him to serve his sentence, and the DC appeals court upheld that order.

The civil case filed laster alleges that by using the unofficial email account, Navarro failed to turn over presidential records to the National Archives and Records Administration.

The government notified the court of the lawsuit’s dismissal a day before U.S. Magistrate G. Michael Harvey was scheduled to preside over a status conference for the case.

A Justice Department spokesperson declined to comment. A lawyer for Navarro didn’t immediately respond to an email seeking comment.

Navarro served as a trade adviser during President Donald Trump’s first term. A longtime critic of trade arrangements with China, he has been named senior counselor for trade and manufacturing for Trump’s second administration.

Adapted from reporting by the Associated Press

 

73-Year-Old Man Indicted for ‘Threatening’ Trump

Ken Silva
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73-Year-Old Man Indicted for ‘Threatening’ Trump

(Ken Silva, Headline USA) In August 2023, the FBI killed 75-year-old Utah man Craig Robertson in an armed raid, which was launched in response to online “threats” he made against then-President Joe Biden and other government officials.

At the time, Republicans were outraged—and rightly so. A 300-pound elderly man unable to walk without a cane, Robertson hardly posed a legitimate threat to Biden or any other public official.

But nearly three years later, the Trump administration’s Justice Department is continuing to pursue cases similar to the one that led to Robertson’s death. On Tuesday, the DOJ announced an indictment against 73-year-old Thomas Eugene Streavel, who allegedly made “threatening” Facebook posts against Trump last year, before the president took office.

Like Robertson, Streavel’s Facebook posts read like they were written by a typical Boomer.

For example, on Oct 15 he posted: “Today is the perfect day to blow his brains out and I’d love to be the one to pull the trigger. I’m sick and tired of listening to the piece of shit lying through his fucking teeth. We need to kill him for the good of our nation. ‘GOD BLESS AMERICA US’ Have a great day today.”

On Nov. 3, he posted again, this time privately where none of his Facebook “friends” could read.

“I’m praying [emoji] that someone like me will blow his fucking brains [emoji] out. . . . trump’s a dead piece of shit walking for the time being until a patriot kills the spineless mother fucker,” he said.

The last post that has Streavel in trouble came from Nov. 29, when he allegedly said, “Your president-elect is a dead piece of shit and I hope to be the assassin. It would be my pleasure to kill the worthless mother fucker. I’m not going to rest until he’s six feet under and off the face of the earth. ‘GOD BLESS AMERICA US.’ FUCK TRUMP AND MAGA!’”

The Secret Service investigated the case. Agents apparently never interviewed Streavel or took steps to see if his threats were legitimate. Instead, they indicted him behind closed doors and arrested him this week. He pled not guilty on Tuesday.

The senior citizen now faces 15 years in prison.

The DOJ sought pretrial detention for Streavel—arguing that the 73-year-old is a flight risk—but he was released on $10,000 bond.

Ken Silva is the editor of Headline USA. Follow him at x.com/jd_cashless.

Report: Jeffrey Epstein Invested w/ JD Vance’s Mentor

Ken Silva
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Report: Jeffrey Epstein Invested w/ JD Vance’s Mentor

(Ken Silva, Headline USA) Billionaire Peter Thiel, who co-founded PayPal and Palantir Technologies, was notably one of the first tech moguls to support President Donald Trump’s 2016 presidential campaign. He later bankrolled Vice President JD Vance’s run for U.S. Senate, and Vance has called Thiel his “mentor.”

Before he did any of that, Thiel received millions of dollars from the late accused sex trafficker Jeffrey Epstein, according to a new report from the New York Times.

“In 2015 and 2016, Mr. Epstein put $40 million into two funds managed by Valar Ventures, a New York firm that was co-founded by Mr. Thiel. Today that investment is worth nearly $170 million,” the Times reported Wednesday, citing a confidential financial analysis of Epstein’s estate.

“The investment in Valar, which specializes in providing start-up capital to financial services tech companies, is the largest asset still held by Mr. Epstein’s estate.”

Another Thiel-started venture firm, Mithril Capital, hired Vance in 2015 as a partner, and he wrote his book, Hillbilly Elegy, while working there. Vance called Thiel his “pretty good mentor” while promoting the book in 2016.

As far as Epstein’s estate goes, the executors of Epstein’s will initially projected that it would shrink to less than $40 million from its original $600 million once all the payments to his victims were made.

However, the Times revealed in January that the estate remade nearly all of the $165 million it paid to 135 Epstein victims. That’s because the Internal Revenue Service provided Epstein’s estate with a $111.6 million tax refund last fall. The Times reported in January the total assets of Epstein’s estate were valued at $145 million, and that figure has apparently grown to $170 million over the last roughly six months.

Adding insult to injury for the victims, none of the tax return will go to the victims. Instead, it will likely go to  the estate’s coexecutors, Richard Kahn and Darren Indyke, along with other beneficiaries chosen by Epstein before his death—most of whose identities remain largely shrouded in secrecy, according to the Times.

Meanwhile, the firm Thiel co-founded, Palantir, has reportedly received more than $113 million in federal government spending since Trump took office.

Palantir, a data analytics company, is reportedly implementing a product called “Foundry” into numerous federal agencies, which will allow them to more effectively spy on Americans and others. Republicans raised concerns about the expanding domestic surveillance state over the last four years, but largely went silent once Trump took office.

Ken Silva is the editor of Headline USA. Follow him at x.com/jd_cashless.

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