White House Proposes New Taxes as Inflation Rages
(Mike Gleason, Money Metals News Service) As inflation continues to put the squeeze on consumers, precious metals markets are back on the move. A solid close above the $2,400 level should set the stage for another push to new record highs. We’ll see if that is in the cards in the days ahead as it…
Will the United States Become the Next Argentina?
(Stefan Gleason, Money Metals News Service) Let’s give credit where credit is due. Facing down a record-high budget deficit and an entrenched inflation problem, the government is finally embracing fiscal responsibility in a significant way. Thanks to sweeping spending cuts enacted this year, the government has posted three consecutive monthly budget surpluses – leading to…
Platinum Market Faces Decade-High Supply Shortage
(Mike Maharrey, Money Metals News Service) I’ve written extensively about supply shortfalls in the silver market. Silver demand outstripped the supply of the metal for the third straight year in 2023. But silver isn’t the only metal facing market deficits. Analysts expect the platinum market to chart its largest shortfall in a decade in 2024.…
U.S. Government Ran Big Surplus in April But Don’t Get Excited
(Mike Maharrey, Money Metals News Service) The U.S. government ran a rare surplus in April, but don’t get too excited. The Biden administration hasn’t slowed down the spending train, and more budget shortfalls loom on the horizon. The Biden administration ran a $209.5 billion surplus in April thanks to an influx of revenue as people…