Money Metals Exchange
Are Interest Rates Too High?
Are interest rates too high? A lot of people think they are, and a growing chorus of voices is calling on Federal Reserve Chairman Jerome Powell to cut rates.
Price Inflation Accounts for Entire Increase in Retail Sales Since Pandemic
Do you feel like you spend more and more money every month but get less and less for it? That’s because you are.
Despite Mainstream Pessimism, Gold Still Shines: Why the Bull Market Isn’t Over
Money Metals Midweek Memo host Mike Maharrey isn’t buying the recent bearish turn in gold forecasts from Wall Street.
Fed Holds Rates Steady as Stagflation Worries Mount
Powell & Company at the Federal Reserve sees an elevated stagflation threat. In response, they decided to do nothing.
Business as Usual: Another Big Budget Deficit in May
After running a surplus in April thanks to tax day, the federal government was back to business as usual in May, spending massive amounts of money and charting another big budget deficit.
Time to Audit the Gold: Why Congress Is Finally Asking Hard Questions
The Gold Reserve Transparency Act of 2025 (House Bill 3795), calls for a full, modern audit of America's gold holdings—something that hasn't occurred in over 65 years.
Will the Trump Tax Cuts Pay for Themselves?
Supporters of tax cuts argue that they eventually "pay for themselves" and lower deficits through economic growth and increased revenue, even without significant spending cuts.
Gold ETF Momentum Eased in May With Modest Outflows
For the first time in five months, gold-backed ETFs globally reported modest outflows in May as investors took profits.
The Debt Spiral, Gold’s Rise, and the Dollar’s Fall
Gold’s recent surge to $3,500 was quickly followed by a sharp correction. Each tariff update or diplomatic rumor sends markets into a frenzy—rallying stocks, selling gold, or reversing course the next day.
The U.S. Dollar is at a Critical Inflection Point
The U.S. Dollar Index is at a critical inflection point, and how it behaves from here will have a major impact on the direction of gold, silver, and commodities.
Why the Real Threat to Your Wealth Isn’t Tariffs — It’s the Exploding U.S. Debt
While headlines scream about the latest deal or tariff suspension, Maharrey argues that investors are dangerously distracted from the real threat: America’s exploding national debt and the systemic consequences that follow.
Warren Buffett’s Gold Blind Spot
The Oracle of Omaha, Warren Buffett, recently announced he will be stepping down as CEO of Berkshire Hathaway.
Gold Correction?
Gold remains firmly in correction mode — even I will readily agree with that.
Chinese Gold Imports Surge as Demand Continues to Grow
Over the past four months, the price of gold in yuan terms has climbed by 24 percent, the strongest January to April performance on record. The Shanghai Benchmark Gold Price rose 6.9 percent in April alone. It was the fifth consecutive monthly gain.
Why Americans Stopped Saving Money
During last month's tariff war, a big driver of stock-market declines was foreigners selling.
Beyond the Headlines: Why Gold Still Matters in a Debt-Soaked, Dollar-Weary World
With financial markets whipsawing on every tweet and press release, Maharrey urged listeners to step back, take a breath, and consider the big picture — particularly on the issues of debt, inflation, and de-dollarization.
What Is the Current Inflation Situation?
While the CPI has dipped close to the mythical 2 percent target, core CPI remains elevated.
A Surge of Gold into Asian ETFs Drove Global Holdings Higher in April
Flows of gold into Asian ETFs exploded in April, driving global ETF gold holdings higher for the fifth straight month.
Fed Chair Powell Tells the Truth: "We Don't Know!"
In a rare moment of honesty, Federal Reserve Chairman Jerome Powell admitted he and his fellow central bankers don’t know what they’re doing as they wrapped up the May Federal Open Market Committee (FOMC) meeting.
Global Gold Bar and Coin Demand Rose in Q1 But Not in the U.S.
China drove the surge in retail investment demand, charting the second strongest quarter on record.
Central Banks Continued Stockpiling Gold in Q1
Central banks continued to stockpile gold in the first quarter.
First Quarter Gold Demand at Highest Level Since 2016
Record gold prices drove first-quarter demand in 2025 to the highest level since 2016.
Gold Isn't Going Up - Your Money is Just Losing Value
Inflation is caused by the growth of the money supply, and gold is a strong hedge because it rises alongside it.
Buy Gold to Hedge Against Everything!
Conventional wisdom is that investors should hold gold as an inflation hedge. Over the long term, this is a wise strategy.ok,
Red Warning Light Blinking in U.S. Treasury Market
While most market watchers have focused on the wildly yo-yoing stock market over the last few weeks, the Treasury bond market has been flashing warnings.
Gold Outperforms... Will that Continue?
There are plenty of frustrated silver bugs. Gold is outperforming once again, and they wonder when silver will finally catch up.
Fed Continues Tough Talk; Silver & Platinum Look Most Undervalued
CNBC Journalist Laments How the Fed Now Essentially Controls the Market.
What Happens to Gold When Bonds Are No Longer a Safe Haven?
U.S. Treasury debt has long been considered a “risk free” asset. Gold bugs hold a different definition of risk free, but for most of Wall Street and the investing public the assumption has been that there’s zero chance the U.S. government will ever default on its debt.
Metals Markets May be Frustrating but the Alternatives Are Worse
Gold and silver prices slid lower to close out the third quarter. Entering trading for the fourth quarter, the metals are back, once again, in the middle of the range where they have languished for more than three years.
Biden Administration Expands War on Critical Natural Resources
Energy and Gold Produces Face Increasing Pressures, Crimping Supply.
Leveraged Assets Beginning to Buckle under High Rates
Forced deleveraging to be chaotic, causing a new Fed and banking panic.
4 Ways Young People Can Hedge against Inflation
When money becomes less valuable and costs rise, the money you have saved affords you exponentially less. In the short term, you may not notice the difference.
Must-Know Facts About Insuring Your Precious Metals
Making an investment in physical gold and silver is easy. Insuring these new valuables stored at home is more difficult. It may be outright impossible in larger amounts.
Monetary Elite from Multiple Camps Plot Currency Strategies
As investors look for clues about what monetary central planners are thinking at Jackson Hole, the BRICS countries – Brazil, Russia, India, China, and South Africa – are holding a summit of their own in Johannesburg.
Talking Heads Predict No Recession While Shrinkflation Clips Consumers
Precious metals markets are extending their losing streak as the U.S. dollar pushes higher.
Can Gold and Silver Ever Return to Circulation?
There aren’t many bullion investors who haven’t thought about using their stash to buy groceries one day.
Gold Versus Silver - Which Is the Wisest Investment?
One of the most common questions we get from clients is whether they should buy either gold OR silver. Anyone researching an investment in bullion can find good arguments for owning either metal.
Four Precious Metals Megatrends Are Rapidly Unfolding
As the world continues to be rocked by inflation and financial instability, four precious metals “megatrends” have emerged largely undetected by the mainstream – central bank gold buying, rapidly expanding silver uses, a platinum supply breakdown, and capital control schemes.
Can We Live in a World without Silver?
The World Silver Survey is an annual report published by The Silver Institute since 1990. It provides market participants with supply and demand statistics for critical sectors of the silver market, along with price and trade data.
Asset Managers, Industry Aggressively Snap Up Silver
Top Silver Mining CEO: "On the demand side, it’s pretty phenomenal…"
Looming Debt Ceiling Deal to Leave Dollar Locked in Downtrend
As the debt ceiling fight in Washington heads down to the wire with the risk of a technical default looming, investors are growing nervous.
Why Gold Is a Must-Have During a Banking Crisis
There are many reasons to buy and hold physical gold. The lack of counterparty risk, the diversification, and the hedge against inflation are among the top reasons to own the monetary metals.
More Bailouts for Bankers Won't Fix a Broken Financial System
The Federal Reserve Board reduced banking reserve requirements to zero in March 2020. So banks in the United States are technically not required to back customers' deposits with anything.
Fed Hikes Rates as Bank Worries Spread Globally
As interest rates show signs of peaking, gold prices are nearing new all-time highs.
Could Bank Runs Lead to a Run on Gold & Silver?
Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week.
Investors Aren’t Buying the Fed’s Hawkish Posturing
As warning signs for the economy mount, investors are cheering for more bad news. That's because they expect economic weakness will force the Federal Reserve to stop raising interest rates and eventually re-embrace loose monetary policy.
Economic Conditions, Market Performance Worsen after Fed Rate Hike
Precious metals markets are trying to tough this week despite another large rate hike by the Federal Reserve.
Biden Administration Announces Framework for Digital Dollar
The Biden administration is working on plans to herd the public into digital currency controlled by the Federal Reserve.
Silver Fever, or Silver Fading?
The silver market scarcity has begun to resolve. We discuss what the data in the silver market is saying and why the market has become a Keynesian Beauty Contest.
Will Trump Bring Inflation to America’s Shores?
Something is brewing in the economy. Since the election of Donald Trump, interest rates have spiked, copper prices have surged, and various sectors of the stock market have swung “bigly” on speculation of what “Trumponomics” will bring.
Forget about Fake News – Worry about Fake Money
Post-election airwaves and publications today are filled with bad news, good news, and fake news.
Trump World: What Happens to Your Investments Now?
Donald Trump’s victory came as the first surprise for many around the world. The reaction in the markets was the second surprise.
Election Uncertainty Now Influencing Gold & Silver Prices
Most of us consider this year’s presidential election as the wildest and most unpredictable we’ve ever seen, but you wouldn’t know it by looking at the markets. Gold and silver spent most of the past three weeks going nowhere fast.
Regardless of Who Wins the Election, Confidence in Washington DC Is ALREADY Shattered
It just doesn’t matter much whether Hillary Clinton or Donald Trump wins the election, at least in terms of gold and silver market fundamentals.
How Big Is Your Gold and Silver Picture?
Whether you surf the Internet for information about the precious metals and mining stocks or receive newsletters by snail mail, you're exposed to predictions by all and sundry.
Frank Holmes: “Chindia” Buying Gold on Dips, 20% Corrections Are “Non Events”
We recently had the pleasure of interviewing Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. He talks about a seasonal norm he sees playing out in the gold market over the next few months...
Preparing for Post-Election Social Unrest
The 2016 election year is bringing out the worst among some elements of society.
How Will the Election Outcome Impact Precious Metals?
Metals investors wonder what this presidential election will mean for gold and silver markets. Since Nixon closed the gold window in 1971 and the years of price inflation that followed, presidents have largely ignored gold, the Federal Reserve, and other issues related to sound money.
What in the World Happened to Gold and Silver Prices Last Week?
Gold and silver prices charged higher during the first 6 months of the year. They fell into a rut over the summer, and then hit the skids last Tuesday.
A Short Course on Fear and Greed: Successful Investors Wrote the Book
Are you a millionaire yet? Me neither.
We might have been by now, had we better understood the finer points of “fear” and “greed” during our investing lives.
Fed Chair Yellen’s Plan B: “Intervene Directly” in Stock Market
October could see a ramping up of volatility across all asset markets. The month is notorious on Wall Street for the 1987 stock market crash. Fall crashes also occurred in 2002 and 2008.
