Is There Really a Shortage in Silver?
Money Metals Exchange
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2d ago
<p>The Silver Institute released its <a href="https://www.silverinstitute.org/all-world-silver-surveys/&quot; >2024 World Silver Survey</a> last week. According to the data, silver demand outstripped supply in 2023, for the fifth year in a row.</p> <p>The deficit was just over 142 million ounces. And the forecast for 2024 indicates that the annual production shortfall will nearly double to 265 million ounces.</p> <p>Silver prices have finally begun playing some catchup to gold. Perhaps speculators in the futures market have finally begun paying att ..read more
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Silver Demand Outstrips Supply for Third Straight Year
Money Metals Exchange
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5d ago
<p>Silver demand outstripped supply for the third straight year in 2023.</p> <p>Silver mine output fell by 1 percent to 830.5 million ounces last year, according to the final data released by the Silver Institute.&nbsp;</p> <p>Meanwhile, total silver demand also dropped, declining about 7 percent to 1.2 billion ounces. But the decline came off a record year in 2022.&nbsp;</p> <p>Even with softer overall demand, the silver market charted a significant structural deficit of 184.3 million ounces.</p> <p>This comes on the heels of&n ..read more
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China Is Dumping U.S. Treasuries and Buying Gold
Money Metals Exchange
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5d ago
<p>As the Chinese <a href="https://www.moneymetals.com/gold-price&quot;>accumulate more and more gold</a>, they&rsquo;re dumping U.S. Treasuries.</p> <p>That raises an important question: who is going to keep funding the federal government&rsquo;s borrowing spree?</p> <p>China offloaded another $22.7 billion in U.S. Treasuries in February, according to the latest data from the Federal Reserve. That dropped its total holdings to $775 billion.</p> <p>China still ranks as the second-largest foreign holder of U.S. debt, but the U.K ..read more
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Gold Prices Are on Fire
Money Metals Exchange
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5d ago
<p><span >In case you've been living under a rock, Gold prices have been on fire, <a href="https://www.moneymetals.com/gold-price&quot;>jumping 20% in just the past 2 months</a>.</span></p> <p><span >That takes gold to a near-doubling since pre-pandemic, when it was meandering along at just $1500. Yesterday it closed above $2400.</span></p> <p><span ><img src="https://www.moneymetals.com/uploads/content/Gold-Prices-are-on-fire-Peter-St-Onge-5-Year-Gold-Price-Money-Metals-Exchange.webp&quot; /></span>< ..read more
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An Insightful Discussion on Silver and the Economy with Peter Krauth
Money Metals Exchange
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5d ago
<p><span >In a recent interview on Money Metals with Mike Maharrey, Peter Krauth, author of the book </span><i><span >The Great Silver Bull: Crush Inflation and Profit as the Dollar Dies</span></i><span >, discussed the intricacies of silver as both a commodity and an investment. Maharrey commended Krauth on the well-organized structure of his book, which allows readers to delve into topics selectively, appreciating its concise and impactful writing style.</span></p> <p><span >(Interview Begins Around the 4:30 mark)</sp ..read more
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Silver Institute Reveals Another Huge Supply Deficit
Money Metals Exchange
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5d ago
<p>Welcome to this week&rsquo;s Market Wrap Podcast, I&rsquo;m Mike Gleason.</p> <p>Coming up don&rsquo;t miss an exclusive interview with Peter Krauth, author of the book The Silver Bull. Money Metals&rsquo; Mike Maharrey talks to Peter about a range of topics, including the slow death of the dollar, the future for silver and why he believes poor man&rsquo;s gold is critical to our modern world. So be sure to stick around for a wonderful interview with Peter Krauth, coming up after this week&rsquo;s market update.</p> <p>Gold and silver ar ..read more
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Court Filing: Officials Lost Federal Welfare Funds to African Gold Scam
Money Metals Exchange
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5d ago
<p>Federal<span>&nbsp;</span><a href="https://headlineusa.com/tag/welfare&quot; >welfare</a><span>&nbsp;</span>funds intended for Mississippi&rsquo;s poorest residents were diverted into an African heiress<span>&nbsp;</span><a href="https://headlineusa.com/tag/gold&quot; >gold</a><span>&nbsp;</span>bar scam, according to a<span>&nbsp;</span><a href="https://www.documentcloud.org/documents/24219639-answer-to-complaint_121223&quot; >recent court filing</a>< ..read more
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Is the Biden Administration Trying To Destroy the Dollar?
Money Metals Exchange
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6d ago
<p><span >Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia. Doing so likely would sound the death knell for the dollar and eventually the euro.</span></p> <p><span >Treasury Secretary Janet Yellen, who has worked for literally decades to undermine the strength of the dollar, recently urged world leaders to take this </span><a href="https://www.moneymetals.com/news/2023/10/09/how-pap ..read more
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Hamilton vs. Jefferson: Is the Federal Reserve Constitutional?
Money Metals Exchange
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6d ago
<p>Is the Federal Reserve constitutional?</p> <p>The Fed was conceived during a secret meeting of bankers and politicians at a private club on Jekyll Island, Georgia. Using a blueprint drawn up during this clandestine meetup, Congress created the Federal Reserve in 1913 via the Federal Reserve Act. Woodrow Wilson signed the bill into law on Dec. 23, 1913. &nbsp;</p> <p>The stated purpose of the legislation was to &nbsp;"provide the nation with a safer, more flexible, and more stable monetary and financial system." In the years since its founding, the Fed&a ..read more
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Americans Throw Away Millions of U.S. Coins Because American Money Is Junk!
Money Metals Exchange
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6d ago
<p>Americans throw away millions of dollars in coins every year.</p> <p>That's because American money is junk.</p> <p>But that wasn&rsquo;t always the case.</p> <p>In <a href="https://www.msn.com/en-us/money/markets/americans-throw-away-up-to-68-million-in-coins-a-year-here-is-where-it-all-ends-up/ar-BB1lMi8d?ocid=weather-verthp-feeds&quot; >an article published by the <em>Wall Street Journal</em></a>, Reworld, a Pennsylvania waste management facility, claimed that Americans toss about <strong>$68 million</stron ..read more
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