Money Metals' Weekly Market Wrap on iTunes

After increasing annually for nearly 50 years, gold mine output has plateaued. Some analysts believe this signals we are close to "peak gold," the point at which mine output will begin to decrease annually.  In this episode of the Money Metals Midweek Memo podcast, host Mike Maharrey looks at the historical and current gold supply dynamics and presents the case for peak gold. He also highlights one big bank's bullish forecast for both gold and silver. 

An incredible interview with Greg Weldon of Weldon Financial. Greg tells us why he sees the U.S. bond market facing a tsunami of new debt issuance that will push yields higher, and tariffs and market uncertainity.   Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

The national debt recently hit the headlines after Moody's downgraded the U.S. credit rating. But does the national debt really matter? A lot of people think not and most don't seem overly concerned about it. In this episode of the Money Metals' Midweek Memo podcast, host Mike Maharrey argues that they should be worried, and he explains why. He specifically addresses how exploding government debt could impact the markets and urges gold and silver investors not to focus exclusively on the daily tariff news. 

U.S. Credit Downgrade Doesn't Even Factor Inflation Risks | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

Money. We all want it. We spend our lives scrambling for it.  But what exactly is money? In this episode of the Money Metals' Midweek Memo podcast, host Mike Maharrey talks all things money. He explains exactly what money is, why we need it, and how it evolved. He also compares and contrasts sound money - gold and silver - with fiat money run by governments.

This week, Juan-Carlos Artigas, Head of Global Research at the World Gold Council joins us. Juan-Carlos and Mike Maharrey also discuss the growing divergence between the demand for gold in Asia as compared to the U.S. Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

Information comes at us at a dizzying pace. We live in a 30-second news cycle, and the latest headline tends to drive markets.  Are investors missing the big picture in this deluge of data and headlines? In this episode of the Money Metals' Midweek Memo podcast, host Mike Maharrey argues that many are, and he encourages more big-picture thinking to put the latest headlines into perspective. To kickstart the process, he covers three long-term trends that he thinks investors should pay attention to. 

Coming up in a moment, we have an exclusive interview with Nomi Prins, renowned market commentator, author and founder and CEO of Prinsight Global. Nomi sheds light on what has been driving gold recently and much more. Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

With gold prices at record levels, investment demand for the yellow metal surged in the first quarter. But not in the United States. Asian markets primarily drove gold coin and bar demand. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey digs into the demand data for Q1, focusing specifically on physical investment demands and highlighting the dichotomy between Asian and American markets. Along the way, he explains the difference between investing in gold-backed ETFs and physical metal, and explains how the value of gold scrap is determined.

Jim Grant joins us this week to tell us why he believes the current low interest rate environment is unsustainable and much more.  Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/  

Today, the price of gold is just over $3,300 per ounce. But where does that number come from? And why do different sources quote different prices? In this episode of the Money Metals' Midweek Memo podcast, host Mike Maharrey takes a deep dive into the sometimes confusing world of gold pricing. He explains the difference between the spot, futures, and fixed prices, and what each price tells you about the market.  This week, Mike also covers another milestone for gold and offers some tips on navigating and making sense of the markets in these chaotic times when prices whipsaw with the latest post on social media.

Don't miss this week's interview with Keith Neumeyer, president and CEO of First Majestic Silver Corp. Keith, is somewhat of a lone wolf when it comes to mining executives because he regularly holds gold and silver on the company's balance sheet, rather than always selling his mining output onto the open market. Keith discusses this strategy and why he is a firm believer in his product.  Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

Gold has been hogging the spotlight, surging higher and setting new records on what seems like a daily basis. Meanwhile, silver has been kind of lost in the shadows. When will it be silver's turn to shine? In this episode of the Money Metals' Midweek Memo podcast, host Mike Maharrey takes deep dive into both the fundamentals and the technicals of the silver market and argues that the white metal is poised to upstage gold in the spotlight with an explosive move higher. It's just a matter of time. 

Coming up we'll hear from our good friend David Morgan of The Morgan Report. You won't want to miss Mike Maharrey's discussion with the man they call the Silver Guru, who tells us why he believes the underlying economic issues go beyond just trade wars and tariffs and how they are actually much deeper concerns when it comes to America's dependence on China for critical resources, among other things. Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

Last week was a wild roller coaster ride on Wall Street. When the dust settled and the cars came to a stop on Friday, gold was the last safe haven standing.  In this week's Money Metals' Midweek Memo podcast, host Mike Maharrey examines gold's performance and contrasts it with other havens, including the Treasuries and the U.S. dollar.  He also puts recent market and economic volatility driven by the trade war into a broader context—the bubble economy. Mike notes that the mainstream can't even ignore the bubble anymore, but they still seem relatively clueless about what caused it and why it will ultimately pop. 

Coming up we'll hear from Jp Cortez, Executive Director of the Sound Money Defense League. Mike Maharrey and his interview guest this week discuss the state of sound money in our nation, some exciting news on the policy front regarding gold and silver and then also talk about the nation's gold at Fort Knox and what it will take to finally get an audit on the gold that Uncle Sam supposedly owns.

Tariffs and rumors of tariffs are driving the markets right now. But is there something bigger going on? Are tariffs just one plotline within a bigger story?  In this episode of the Money Metals' Midweek Memo, host Mike Maharrey puts the current market chaos into context, zooming in to focus on what he believes is a much bigger narrative.  He argues that the stock market is a big fat bubble just waiting for a pin. Tariffs might be that pin. But even if they're not, there's a pin out there. Mike explains how we got to this place, focusing on Federal Reserve monetary policy and the broader boom-bust business cycle using the Dow-to-Gold ratio as a map to the broader narrative.

Coming up don't miss an exclusive interview with Peter Krauth, author of the book The Great Silver Bull. Money Metals' Mike Maharrey talks to Peter about a range of topics, including the disconnect we're seeing between the gold price and the silver price. Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

You folks ask a lot of questions. Well, Mike has a lot of answers! And he guarantees they will be the correct answers or your money back! It's back to the basics this week on the Midweek Memo podcast as host Mike Maharrey answers some of the most common questions he's asked about gold, silver, investing, and economics.

This week, a tremendous interview with Chris Powell of the Gold Anti-Trust Action Committee, or GATA. Chris tells how the rapid rise to $3,000 gold is an indication that central bank manipulation of gold is falling apart, and more.  Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

According to the headlines, the Federal Reserve didn't really do anything at its March meeting. But it did. True, the central bank held interest rates steady, however, it still made a very significant move. It dramatically slowed balance sheet reduction.  What does this mean and why did the Fed do it now?  In this week's Money Metals' Midweek Memo podcast, host Mike Maharrey explains the move and its potential impact, and puts it in the context of Fed monetary policy history. He also talks about what we should make of Jerome Powell's insistence that the economy is "fine."

This week, we have the incredible honor of talking to the man who wrote a book on the origins of the Fed called The Creature from Jekyll Island. G. Edward Griffin joins us this week and you will not want to miss the incredible and sketchy story of how the Federal Reserve came to be over a century ago.    Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

Gold hit a major milestone last week eclipsing $3,000 an ounce for the first time. Perhaps even more impressive was how fast gold pushed to that much-anticipated level.  So, can this gold bull run continue? In this episode of the Money Metals' Midweek Memo podcast, host Mike Maharrey talks about it, highlighting several factors driving gold higher and explaining why he thinks this gold can keep pushing higher. 

Coming up we'll hear a fascinating interview with Stuart Englert, award-winning and veteran journalist and the author of nine books including Rigged: Exposing the Largest Financial Fraud in History, which you can find on MoneyMetals.com. Don't forget to also follow us on social media for more important precious metals updates! https://www.youtube.com/@Moneymetals | https://www.facebook.com/MoneyMetals | https://instagram.com/moneymetals/ | https://twitter.com/moneymetals | https://www.pinterest.com/moneymetals/

Is the dollar in trouble? Is it doomed? People are starting to talk about a growing trend of "de-dollarization." But what does that mean? And why does it matter?  In this episode of the Money Metals' Midweek memo, host Mike Maharrey talks about de-dollarization, why it's happening, and the potential ramifications. He explains how the weaponization of the dollar has hastened de-dollarization and why even a small decline in the dollar's global reserve status could be disastrous. He also discusses how the de-dollarization trend could drive gold much higher than most people realize.

This week, we have an exclusive interview with Jordan Roy-Byrne, a chartered market technician and master of financial technical analysis, editor and publisher of The Daily Gold and Gold and Silver: The Greatest Bull Market Has Begun. Jordan lays out the case for gold having broken out of a 13-year long trading range, signaling the start of a new long-term uptrend. And why Silver might outperform Gold.

Federal Reserve monetary policy significantly impacts the economy, incentivizing malinvestments, sparking recessions, and creating inflation.  Most people know the Fed is important but they tend to focus on interest rate policy. As Money Metals' Midweek Memo host Mike Maharrey explains, they're missing a big part of the picture.  The central bank's balance sheet is as important as interest rates -- if not more-so.  In this episode, Mike highlights some interesting things going on with the balance sheet and how it could mean even more inflation coming down the pike.  In this episode, he also talks about the current volatility in the precious metals markets.

The rise in mortgage costs has had a significant chilling effect on the housing market in the U.S. Sales of existing homes plunged by 4.9% month-on-month in January and were only 2% higher than a year ago. To put it into some context, 2024 was the worst year for existing home sales since 1995. Compared to January 2021, home sales were down by 36%. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

"For every action, there is an equal and opposite reaction." This is a principle in physics but it applies to economics as well.  In this episode of the Money Metals' Midweek Memo podcast, host Mike Maharrey delves into the impacts of Federal Reserve interest rate policy past and present on the economy using the current state of the housing market as an example. He demonstrates the profound problem the central bank currently faces and how it's impacting your money.  This week, Mike also delves into the recent movements and dynamics in the gold and silver markets.

Coming up we'll hear an interesting interview with MoneyMetals.com columnist and gold market analyst Jan Nieuwenhuijs. Join Jan and Mike Maharrey as they discuss the topic of gold revaluation; exactly what that means and how central banks might use it to their advantage to further inflate the money supply and more... | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

President Trump recently ordered the U.S. Mint to stop producing pennies. This may not seem like a big deal in the big scheme of things, but as Mike Maharrey explains in this episode of the Money Metals' Midweek Memo podcast, the demise of the 1-cent coin is indicative of a much bigger problem. The government is destroying all of your money. And not just the penny. Starting with the January CPI report and the sudden revelation that price inflation isn't dead, Mike explains exactly what the government and the central bank are doing to your money.

Coming up don't miss another incredible interview with Greg Weldon of Weldon Financial. Greg has some very interesting things to say about the U.S. consumer and what that means about the health of the overall economy and much more. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

Some records were made to be broken. Last year, gold hit record highs 40 times! Those weren't the only records relating to gold that fell in 2024. Gold demand also set a record, despite the higher prices. In this episode of the Money Metals' Midweek Memo podcast, host Mike Maharrey breaks down the gold demand data and reveals some interesting trends supporting the gold bull market.

Coming up don't miss a wonderful interview with Peter St Onge, economist at the Heritage Foundation and a Fellow at the Mises Institute, for terrific back-and-forth commentary on a range of topics including how the national debt poses a major threat to the economy, with interest payments alone now exceeding what the entire federal budget was under President Clinton. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

The powers that be may have found a new scapegoat for price inflation -- tariffs.  But while tariffs will raise some prices, they don't cause "inflation" in the true sense of the word. Governments and their central banks do that, but they don't want you to know it.  In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains why tariffs won't cause inflation (as properly defined) and spotlights the true cause of our inflationary woes - fiat money systems. He goes on to explain how this answers the question, "Why do I want gold and silver?"  Because it's sound money in a world of fiat money chaos.

This week we have a special interview with Helen Viljoen, founder and CEO of Nebu bullion jewelry. Nebu is the company behind the gold and platinum jewelry available at MoneyMetals.com that is actually worth what you pay. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

Gold set multiple records last year while silver remained well below its all-time highs. This created the impression that silver underperformed even though it was up over 20 percent. But we're starting to see some bullish sentiment for silver, even in the mainstream. In fact, some people are projecting 2025 could be silver's year to shine. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains why the supply and demand dynamics, along with technical indicators, justify this bullish sentiment. 

Coming up we'll hear from our good friend David Morgan of The Morgan Report. David has some important advice for investors on the difference between owning physical precious metals as compared to paper derivatives such as silver and gold ETFs.

Worries about tariffs on importing gold and silver into the U.S. are creating a potential opportunity in the gold and silver markets. As Midweek Memo host Mike Maharrey explains, the movement of metal into the U.S. incentivized by tariff fears is depleting London vaults and setting up a potential squeeze. This has ramifications for the price of gold and silver.  In this episode, Mike also points out some things investors should keep in mind as we move into the Trump era.

Exclusive interview with Axel Merk of Merk Investments. Money Metals' Mike Maharrey and Axel breakdown the Trump effect and how the second Trump administration is likely to sway markets, especially precious metals. Axel also highlights the broader global instability he's seeing and the rise of populism as factors that could boost demand for gold as a safe haven asset. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

Federal Reserve Chairman Jerome Powell has indicated interest rates probably need to stay higher for longer. President Donald Trump says we need deeper rate cuts now. Who is right? Both! And as Mike Maharrey explains in this episode of the Midweek memo, the difference of opinion between Trump and Powell underscores an ugly reality -- the Fed is stuck between a rock and a hard place. He also explains why this matters to gold and silver investors.

This Week, we have an exclusive interview with Brien Lundin, editor of Gold Newsletter and the CEO of the renowned New Orleans Investment Conference. Money Metals' Mike Maharrey and Brien discuss the gold and silver markets and the ever-growing importance of sound money. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

Most people realize that gold and silver had a pretty good year in 2024. But just how good was it?  In this episode of the Money Metals' Midweek Memo, host Mike Maharrey gives an overview of gold and silver's performance last year and highlights some of the factors that drove the markets. He also looks ahead to what might be in store for 2025. 

This week, we have a special interview with Money Metals CEO Stefan Gleason. Stefan gives our listeners an inside look at the market from our perch atop the retail U.S. bullion industry – including some interesting changes in both buying and selling patterns we've been seeing lately. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

Another incredible interview with Michael Pento of Pento Portfolio Strategies. Michael clues us in on why the Fed is actually cutting rates and reminds us of who they ultimately answer to. He also tells us why the counter-intuitive move recently in the bond market following those Fed rate cuts should be very worrisome and may be quite detrimental for the economy and the broader financial markets.

Coming up don't miss our exclusive interview with Frank Holmes of U.S. Global Investors. Frank and Mike Maharrey cover a lot of ground as they dive into the divergence between physical bullion and minting stocks and whether Frank expects the underperformance in mining stocks to continue into the new year. 

Gold has been selling off with increasing worries that price inflation isn't quite under control and the Federal Reserve might have to slow the pace of monetary easing. Is this a mistake? Or should we follow the crowd? Money Metals' Midweek Memo host Mike Maharrey thinks it is, and in this episode, he explains why. He also talks about a fundamental economic principle that we all need to reckon with - scarcity.

Coming up don't miss our interview with Jeff Clark – founder of TheGoldAdvisor.com newsletter and a globally recognized authority on precious metals. Jeff and Mike Maharrey break down the incredibly difficult and time-consuming process of bringing a mine from the beginning stages all the way to becoming a producing entity and actually getting ounces out of the ground.

Having broken through $100,000, Bitcoin has garnered a lot of attention. Federal Reserve Chairman Jerome Powell recently said the cryptocurrency is "the same" as gold and neither is in competition with the U.S. dollar. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey dissects Powell's assertions and explains why he's wrong on both counts. 

Don't miss our exclusive interview with Philip Newman, managing director of Metals Focus. Money Metals' Mike Maharrey and Philip break down the silver supply deficit and how that dynamic still very much exists and try to help connect the dots for what that will mean for pricing moving forward. 

The Federal Reserve is losing billions of dollars every month. And do you know whose problem that is? Yours. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains why the Fed is losing money, why it matters, and why you -- the American taxpayer -- are on the hook for the bill.  He also covers the recent correction in gold and silver prices and explains why it was a bit of an overreaction.