Personal Finance
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India Reports Record Gold Imports in August
(Mike Maharrey, Money Metals News Service) India reported record gold imports in August after the country slashed its import duty the month before. India ranks as the world’s second-largest gold consumer behind China. In July, the Indian government cut taxes on gold and silver imports by more than half, lowering duties from 15 percent to…
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Leftist Rhetoric Promotes Efforts of 2nd Assassination Shooter
(Victoria Cook, Headline USA) Following the second attempt on President Donald J. Trump’s life, leftist reporters and followers were quick to place the blame of the incident on Trump’s controversial character. They failed to take into account that their vitriolic rhetoric has played a part in the violent attacks against Trump. On July 3, Vice…
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MAHARREY: Actions Speak Louder Than Words: Fed Supersizes Rate Cut
(Mike Maharrey, Money Metals News Service) Jerome Powell says the economy is in “solid shape.” Jerome Powell says inflation is still elevated. Jerome Powell says he doesn’t see a recession risk. And yet the Federal Reserve just supersized its rate cut, indicating that the central bankers are more worried about the impact of higher interest…
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Hedge Fund Billionaire Says He’d Pull Money from Market and Go to Gold If Harris Wins
(Mike Maharrey, Money Metals News Service) Hedge fund billionaire John Paulson said he would pull his money out of the stock market and go into cash and gold if Kamala Harris wins the election. The Paulson and Co. founder and CEO has been called “one of the most prominent names in high finance.” He’s best…
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American Consumers Spending More, Getting Less
(Mike Maharrey, Money Metals News Service) Retail sales beat expectations in August, rising by 0.1 percent month-on-month. You might assume this means American consumers did better this month than last month. A deeper look into the context of these numbers offers another perspective. The retail sales data only tells us that Americans spent more last…
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Greg Weldon on Inflation, Debt, and the Rise of BRICS: Insights for Savvy Investors in 2024
(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey interviewed Greg Weldon, founder and CEO of Weldon Financial, to discuss the latest trends in inflation, central bank policy, consumer debt, and the global shift led by BRICS nations. Weldon, a 40-year market veteran, offered insights into how these…
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August CPI: The Good, the Bad, and the Uh-Oh
(Mike Maharrey, Money Metals News Service) How you read the August Consumer Price Index (CPI) report is a matter of perspective. There is some good news in there for the optimist. There’s some bad news in there for the pessimist. And there’s a lot of “uh-oh” for the realist. The CPI report was certainly good…
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ING Bank: This Gold Rally Is Just Getting Started
(Mike Maharrey, Money Metals News Service) ING Bank has revised its short and midterm gold price forecast higher, saying the gold rally is “just getting started.” The Dutch financial group cites the prospect of a Federal Reserve rate-cutting cycle, geopolitical risks, and uncertainty going into the presidential election as potential catalysts to drive gold to…
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Consumer Debt Surges Again as Broke Americans Try to Make Ends Meet
(Mike Maharrey, Money Metals News Service) Despite ridiculously high interest rates, Americans can’t seem to put their credit cards away. That’s probably because their savings are gone. They have to make ends meet somehow. After slowing for two straight months, consumer debt surged again in July, driven by an uptick in credit card spending and…
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Report: Secret Service Boss Pressuring Key Official to Retire ahead of DHS-OIG Probe
(Ken Silva, Headline USA) Fox News reported Tuesday that Secret Service Acting Director Ronald Rowe has asked Michael Plati, the assistant director of the agency’s office of protective operations, to retire from his position. Plati may have been the one signing off on denying Donald Trump, Robert F. Kennedy Jr., and others additional security resources.…
