Money Metals - Buy Gold, Silver & Precious Metals for Investment

“Silver and gold are the embodiment of human effort and liberty.” -Peter Krauth Money Metals - Buy Gold, Silver & Precious Metals for Investment Sound Money Defense League #Silver #Gold #Liberty #PreciousMetals #Economics

Have you ever thought, "I'd give my eye teeth for some money?" Apparently, some people in the United Kingdom have gotten to that level of desperation. According to an article in The Sun, people are selling gold dental work to pay bills. Jon White said the gold company he works for is buying as much as £100,000 in gold a day as the price climbs, and many Brits are struggling economically.  “Some have resorted to removing gold crowns to raise cash to pay bills, which is distressing.” He went on to explain that many people's bills go up in April, and they are strapped for cash. "Trading in their gold is a good option.” Along with "a steady increase in gold teeth," Gold Traders is buying wedding rings, gold chains, bracelets, and gold sovereign coins. Michael Maharrey Money Metals - Buy Gold, Silver & Precious Metals for Investment #Britain #UnitedKingdom #Gold #Dentist #Economy #England

That’s becoming a pertinent question as the U.S. government’s fiscal situation continues to deteriorate. The national debt surged over $36 trillion last fall, and despite some cutting by DOGE, there is no sign that the spending is going to slow down. The proposed federal budget for next year would add trillions to the already massive deficits. This malfeasance has grabbed the attention of the folks over at Moody's Ratings. Last week, Moody's released a pessimistic report on America’s creditworthiness. Michael Maharrey Money Metals - Buy Gold, Silver & Precious Metals for Investment Moody's Moody's Ratings Moody's Corporation #Moodys #Economy #Economics #NationalDebt #Credit

Washington D.C. is still a prime breeding ground for bad ideas. One of the dumbest, and more dangerous, is the idea of swapping U.S. gold reserves for Bitcoin. In fairness, we should first mention we are encouraged by the growing acceptance by a handful of policymakers of alternative, non-government forms of currency. U.S. Senator Cynthia Lummis of Wyoming began advocating for swapping U.S. gold for Bitcoin shortly after Donald Trump won the election last fall. It was music to the ears for a number of young crypto enthusiasts who, in their overwhelming zeal, have attempted to position Bitcoin as a superior alternative to gold. Bitcoin and gold may share some of the honest money fanbase, but that is about as far as any similarities go. One is tangible and time-tested. The other is entirely digital and relatively brand new. Both assets have their own strengths and weaknesses. However, it’s a little bizarre to see people pitching Bitcoin as a replacement for gold, and it’s a little suspicious. Clint Siegner Money Metals - Buy Gold, Silver & Precious Metals for Investment #Gold #Bitcoin #Cryptocurrency #PreciousMetals #SoundMoney

Three Kentucky taxpayers and one of America’s largest precious metals dealers today filed a class-action lawsuit against Governor Andrew Beshear, the Commonwealth of Kentucky, and the Kentucky Department of Revenue for their illegal sales tax collections in connection with retail purchases of physical gold and silver. Money Metals Exchange, Jill Stahl Huston, Stacie Earl, and Karen Strayer filed the state court complaint in the Boone Circuit Court on behalf of themselves and all similarly situated Kentucky taxpayers and precious metals dealers across America. The class-action suit comes immediately on the heels of overwhelming votes by both the Kentucky House and Senate to override Gov. Beshear’s veto this week of House Bill 2, a measure which expanded last year’s new sales tax exemption for precious metals purchases. Money Metals - Buy Gold, Silver & Precious Metals for Investment Sound Money Defense League Stefan Gleason Commonwealth of Kentucky Kentucky Department of Revenue #Kentucky #Lawsuit #AndyBeshear #Taxes #Law #PreciousMetals

Long before fiat currency, digital dollars, or cryptocurrency, America’s Founders sought to anchor the young nation’s economy in gold and silver, i.e. sound money. In fact, on April 2, 1792 – 233 years ago – President George Washington signed legislation that established America’s monetary system. Also known as the Mint Act and officially titled An Act Establishing a Mint and Regulating the Coins of the United States, The Coinage Act of 1792 is regarded as one of the most foundational laws in U.S. history. Joshua D. Glawson Money Metals - Buy Gold, Silver & Precious Metals for Investment Sound Money Defense League #CoinageAct #USConstitution #Founders #History #Law

Gold has broken above $3,000 and appears poised to push even higher. So far, platinum has not followed gold’s lead but seems to be watching from the sidelines. What is causing this divergence? Over the last two years, platinum has shown a moderate correlation with gold (+0.47), however, the yellow metal has recently left its cousin in the dust. In early 2023, platinum was trading around $1,080, while gold was in the $1,820s. Since then, gold has surged by 65 percent, while platinum has remained rangebound between $843 and $1,153. As of today, platinum is trading at around $985. To put the platinum price into perspective, the metal hit an all-time high of $2,213 an ounce in March 2008. This was higher than the record price gold hit in 2011. Michael Maharrey Money Metals - Buy Gold, Silver & Precious Metals for Investment Metals Focus Ltd #Gold #Platinum #PreciousMetals #Commodities #Investing

A former official for the Federal Reserve Bank of Richmond was sentenced on Tuesday to 24 months imprisonment for misappropriating internal Fed information to engage in insider trading. The defendant, Robert Brian Thompson, 43, of Moseley, worked as a bank examiner and senior manager with supervisory duties for the Federal Reserve—giving him access to confidential information about financial institutions under the Fed’s supervision, including confidential supervisory information. Ken Silva Headline USA Money Metals - Buy Gold, Silver & Precious Metals for Investment Federal Reserve Board Federal Reserve Bank of Richmond U.S. Department of Justice #FederalReserve #Prison #Law #Government #Liberty

(AUDIO AVAILABLE) In this week’s episode of the Money Metals Midweek Memo, host Mike Maharrey issued a stark warning about the state of the U.S. economy, monetary policy, and the Federal Reserve’s quiet but significant moves. Maharrey argued that the economy is addicted to easy money, comparing it to a drug dependency that requires larger and larger doses to maintain the same high. He used this metaphor to describe the Federal Reserve’s increasingly desperate efforts to keep the economy afloat through artificial stimulus. According to Maharrey, the Fed’s latest policy shift may indicate that it is already out of control—and setting the stage for a larger financial crisis. Michael Maharrey Money Metals - Buy Gold, Silver & Precious Metals for Investment Federal Reserve Board #FederalReserve #USEconomy #Economics #Inflation #Money

Copper broke out to a new all-time high yesterday, signaling the start of a powerful bull market—one that’s likely to unfold as part of a broader, long-term commodities supercycle. Of course, I’ve been bullish on copper for several months. My view was that copper would emerge from its late 2024 slump and begin a long-term bull market. At the time of my initial call, copper was struggling to hold the $4.00 per pound level. Today, it has surged to a new all-time high of $5.21 — a breakout that signals the start of a powerful new bull cycle. Given copper’s strong historical correlation with silver, and the role of arbitrage algorithms that reinforce this relationship, I believe silver is poised to follow copper’s lead higher. Copper’s weekly chart reveals a major resistance zone between $5.00 and $5.20 — a level that has held firm for the past three years. Yesterday, copper began to push above this critical zone, which is a strong bullish signal. However, for full confirmation of the breakout, I’d like to see a decisive weekly close at or above this level. Jesse Colombo Money Metals - Buy Gold, Silver & Precious Metals for Investment #Copper #Investing #Economy #PreciousMetals #StockMarket