(Mike Maharrey, Money Metals News Service) Rapidly increasing industrial and military demand for silver could deplete global inventories by as early as next year. Silver demand has outstripped supply for three straight years and the Silver Institute projects another market deficit this year. In 2023, the silver market charted a structural deficit of 184.3 million…
(Chris Powell, Money Metals News Service) This week, the brilliant journalist and financial analyst Mike Maharrey of Money Metals revisited the recent dream of inflationists… …to increase the U.S. money supply by means of the U.S. government’s creation of one or two platinum coins with trillion-dollar denominations. The idea would have the U.S. Treasury Department…
(Money Metals News Service) The Western United States now has its very own Fort Knox, only substantially larger. After three years of planning and construction, Money Metals has opened its state-of-the-art 37,000-square-foot vaulting and fulfillment facility in Eagle, Idaho. Nestled into the base of the Boise Foothills, Money Metals’ high-security gold and silver storage compound…
(Mike Maharrey, Money Metals News Service) A couple of weeks ago, the national debt blew past $35 trillion. There were a few articles bemoaning the ballooning debt, but no substantive calls to rein it in. Meanwhile, the Biden administration continues to spend America into oblivion. The July deficit came in at $243.7 billion, according to…
(Mike Maharrey, Money Metals News Service) Many central banks are opting for a “stateless currency” – gold. That’s how a recent article published by Nikkei Asia put it, noting that “central banks are diversifying away from the dollar and yuan.” The article notes that the proportion of greenbacks in foreign reserves has dropped significantly from…
(Ken Silva, Headline USA) Journalist Susan Crabtree reported Monday that a Secret Service agent involved in security preparations for the deadly July 13 Trump rally is under investigation for posting work-related content on social media. “The agent is now under the microscope not only for her role in devising the security plan for the rally. She’s…
(Orphe Divounguy, The Center Square) A higher-than-expected increase in the unemployment rate caused significant panic last week. However, data from the Institute for Supply Management indicated that the services sector expanded in July, while the commerce department data showed initial jobless claims fell. The stock market also made a modest recovery, partially erasing some of…
(Spencer Pauley, The Center Square) The Seattle-based real estate company Zillow has named a new chief executive officer as the U.S. housing market continues slowly falling. Zillow announced Chief Operating Officer Jeremy Wacksman has been promoted to the CEO position on Wednesday. Wacksman first joined Zillow in 2009 and has been promoted multiple times throughout…
(Bethany Blankley, The Center Square) U.S. House Republicans and military veterans are demanding answers from the Pentagon and Minnesota Gov. Tim Walz on his military record after several claims have resurfaced. Walz was picked as Vice President Kamala Harris’ running mate; the two are the presumed Democratic nominees for president and vice president. Criticisms of…
(Greg Bishop, The Center Square) An Illinois County sheriff says a recent sexual assault of a minor allegedly at the hands of an illegal immigrant reveals the problems with Illinois being a “sanctuary state.” Kankakee County Sheriff Mike Downey shared recently a 6-year-old girl was sexually assaulted. The suspect was referenced as a step father…