Trade Deficit Delivers Record Blow to US Economy as GDP Falls 0.2%
The US economy contracted by 0.2% in the first quarter of 2025, slightly better than the initially reported 0.3% decline. Consumer spending, which drives most economic growth, increased only 1.2% – the weakest pace in nearly two years. The main drag on the economy came from trade, with net exports…
Trump’s Monetary Reset: Is A Gold-Backed Dollar On The Horizon?
Trump’s Monetary Reset: Is A Gold-Backed Dollar On The Horizon? Authored by Nick Giambruno via InternationalMan.com, “More and more people are asking if a gold standard will end the financial crisis in which we find ourselves. The question is not so much if it will help or if we will resort to gold, but when. All great inflations end with […]
Florida Legalizes Gold and Silver Coins for Everyday Use
Florida Governor Ron DeSantis signed a groundbreaking bill (HB 999) allowing gold and silver coins to be used for everyday transactions. Coins that meet specific purity standards can now be used alongside traditional currency, marking Florida as the first major state to implement this. The law empowers money services businesses…
Global Bond Markets Rebound on Debt Issuance Shifts
Global bond markets have recently experienced extreme volatility, with long-term debt initially shunned by investors, only to see a rapid rebound. This instability was sparked by signals from Japan and the U.K. about potential changes in long-term debt issuance. Japan’s finance ministry’s hint at reducing 30- and 40-year bond issuance…
US To Have ‘Golden Share’ In Nippon Steel Partnership With US Steel: Sen. McCormick
US To Have ‘Golden Share’ In Nippon Steel Partnership With US Steel: Sen. McCormick Authored by Katabella Roberts via The Epoch Times, The United States will have a “golden share” in Japan-owned Nippon Steel’s acquisition of U.S. Steel, giving it veto power over some key decisions, Sen. Dave McCormick (R-Pa.) said on May 27. Speaking […]
Why Now Could Be the Perfect Time to Buy Silver
Brandon Sauerwein, Editor New Customers Unlock Up to $1,500 in Free Bonus Silver Time’s running out for new GoldSilver customers to claim up to $1,500 in free silver when you make your first purchase. Here’s how it works: ✅ Open your account by Friday, May 30th ✅ Invest $1,000+ in gold…
Goldman Downgrades Booz Allen Hamilton To ‘Sell’ Amid DOGE Contract Cancellations
Goldman Downgrades Booz Allen Hamilton To ‘Sell’ Amid DOGE Contract Cancellations Management consulting firm Booz Allen quietly evolved into a government-wide contracting behemoth over the past few decades. By 2024, an astounding 98% of its revenue came directly from government agencies. Now, enter the DOGE era: Goldman analysts have downgraded Booz Allen from “Neutral” to […]
Gold Prices Climb Ahead of Fed Minutes and Economic Data
Spot gold prices ticked up as traders sought bargains after Tuesday’s drop, with markets bracing for the Federal Reserve’s meeting minutes. Gold gained 26% this year and hit record highs in April, bolstered by global trade tensions and central bank buying. Goldman Sachs highlighted gold’s appeal amid U.S. economic uncertainty,…
Gold Rebounds Amid Strong U.S. Data and Trade Talk Uncertainties
Gold prices experienced a modest rebound on May 28, 2025, following a previous decline, as investors weighed positive U.S. economic data against ongoing trade discussions. The U.S. dollar strengthened, bolstered by robust consumer confidence figures, while global markets remained cautious ahead of upcoming job reports and Nvidia’s earnings. Despite initial…
Swiss Gold Imports from U.S. Soar to 12-Year High
Swiss gold imports from the U.S. jumped to a record 63 metric tons in April, marking the highest level since 2012, thanks to the exclusion of precious metals from U.S. import tariffs. Although Switzerland’s total gold exports fell by 31% month-on-month, deliveries to India and China increased slightly. Some gold…