Money Metals' Weekly Market Wrap Podcast

Mike Maharrey interviews highly respected economist Daniel Lacalle, fund manager, professor of Global Economy at the IE Business School in Madrid, Spain, and author of Escape from the Central Bank Trap, among other books.| 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 debasement trade continues to gain momentum with more countries and investors spurning dollars for gold. It's a question of trust. Do you trust dollars, or gold? As host Mike Maharrey explains, more people are losing faith in fiat dollars, and they're turning to the yellow metal as a safe haven for their wealth. In this episode of the Midweek Memo podcast, Mike highlights two stories that broke last week, illustrating the whats and whys behind the debasement trade.  First, he covers the world's largest sovereign wealth fund announcing a reduction in Treasury holdings. He follows that up by highlighting another example of gold repatriation.  Along the way, he makes the case for a "forever" gold bull market.

This week, Brien Lundin explains why Fed rate-hike fears may be overblown. He sees debt, rising yields, and currency debasement fueling the gold and silver bull market.   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, Federal Reserve Chairman Kevin Warsh talked gold and silver down during his Jackson Hole speech, playing the tough guy facing down inflation.  But as Mike Maharrey reminds listeners in this week's Midweek Memo, Warsh & Co. still hasn't done a darn thing to tackle inflation.  Why not? Mike says the Fed is stuck on a highway with no off-ramp. It's traveling in a direction it doesn't really want to go because the debt black hole is dominating the economy. In this episode, Mike explains the 40 trillion reasons for the lack of action by the Warsh Fed so far, the ramifications if the Fed finally bites the bullet and raises rates, and why this puts gold and silver on an uphill highway with no off-ramp.

Peter Krauth, author of the book The Silver Bull and publisher of Silver Stock Investor, tells us why he believes that even with the recent advance in the silver price over the last several weeks the white metal is still undervalued 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/

Last week, Treasury Secretary Scott Bessent announced plans to buy back long-dated Treasuries to lower yields. The markets got a different message. The Treasury move reignited the debasement trade and sent both gold and silver sharply higher. In this episode of the Midweek Memo podcast, host Mike Maharrey explains what the Treasury Department hoped to do and the message it sent the markets instead. Meanwhile, some people regret missing out on the last gold bull run. If you're one of them, Mike explains why it's not too late to get in on the next move up.

David Morgan of The Morgan Report, tells us why he believes we're witnessing the playing out of a battle between gold & silver and the U.S. Treasury & credit markets as the safest and most trusted investment vehicle 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/

There is a giant debt black hole, and it is warping everything around it in the economy.  When we mention the debt black hole, you probably think of the national debt first. It is on the verge of eclipsing $40 trillion. But consumers and corporations are also leveraged to the hilt. In this episode of the Midweek Memo podcast, host Mike Maharrey exposes the ramifications of the debt problem by highlighting the growing risk of a private credit market meltdown and explaining how it could impact the broader financial markets and the economy.  He also proposes four reasons why central banks are piling up gold and replacing dollars. (These two themes overlap!)

This week, Michael DiRienzo, President and CEO of The Silver Institute, provides an update on how things look when it comes to the industrial demand side of things for silver, and how the years-long structural supply deficit is likely going to continue to be a factor worth watching as we move forward here in the silver market.

Dollar dominance is eroding. And recent moves by the U.S. and Japan to support the yen underscore this reality. On this week's Midweek Memo podcast, Mike Maharrey explains the recent intervention to support the yen and why it signals the dollar ain't what it used to be. He explains the mechanics of the intervention, what it tells us about the state of the bond market, why it looks bad for the greenback, and what it could mean for gold.  In this episode, Mike also talks about Rand Paul's field trip to Fort Knox and why his insistence that he knows the gold is all there is ridiculous.

Coming up don't miss our exclusive interview with Edward Sterck of the World Platinum Investment Council. Mike Maharrey and this week's guest dive into the Platinum Group Metals and in particular discuss why we've seen a divergence between the price of platinum and the price of palladium and what's behind that dynamic.

A Vote of No Confidence! Are the Markets Losing Faith in the Fed's Inflation Fight? Federal Reserve Chairman Kevin Warsh and his minions are talking tough on inflation. But they haven't done anything. At the July Fed meeting, the central bank elected to hold rates steady for the sixth time, despite price inflation remaining persistently well above the stated 2 percent target. Based on the market reaction, investors are beginning to think the Fed is surrendering to inflation and will not raise rates again.  In this week's Midweek Memo podcast, host Mike Maharrey talks about the dichotomy between the Fed's words and its actions, explains why the markets are right to lack confidence in the Fed, and how a surrender to inflation will impact the precious metals markets.

In this week's interview, Frank Holmes, CEO of U.S. Global Investors, believes we're about to see some real movement in the gold market and you'll certainly want to hear which direction he believes it'll be heading next over the upcoming months.

Officially, the U.S. has far more gold than China. But does it really? In this week's Midweek Memo podcast, Mike Maharrey explains why there is reason to doubt this claim. In fact, we don't really know how much gold the U.S. or China holds. We have official claims, but the U.S. refuses to audit its reserves, so there could be far less than advertised. And it's evident China is accumulating gold faster than it claims. Why this dichotomy? And what are the ramifications?

Coming up don't miss another wonderful interview with Greg Weldon of Weldon Financial. Greg weighs in on the ongoing correction and consolidation in the precious metals and shares why he thinks this may be a "back up the truck" type of opportunity for metals buyers and where he sees silver going in particular. 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/

Many analysts believe we are in the early stages of a secular bear market in bonds. In this episode of the Midweek Memo podcast, host Mike Maharrey talks about the possible ramifications of this bond bear market, arguing that it could not only fundamentally alter the investment landscape, but it could also hamstring the Fed's efforts to fight price inflation.  This scenario could cause a significant shakeup in the world economy and financial system.  It's also extremely bullish for precious metals. 

Interview with Will  Thompson founder and portfolio manager of Massif Capital – a privately held,  value-oriented hedge fund with a focus on the energy, mining, materials and infrastructure  sectors.| Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

If you followed the headlines, you know that the June CPI report was even cooler than expected. This generated optimism that maybe, just maybe, the Fed is finally getting inflation under control.  But there's more to the story. In this episode of the Midweek Memo, host Mike Maharrey tells you the rest of the story, revealing that despite falling CPI, inflation is alive and well. On top of that, the good CPI news may green-light even more inflation.  Mike also points out a very interesting trend in the gold market. Gold is up during Asian trading sessions through the first half of the year, even as the yellow metal sold off during North American sessions. What is this telling us? 

This week, we interview Ralph Benko, gold standard advocate, author of The Ten Commandments of Capitalism, co-author of The Capitalist Manifesto and the editor of the 500th Anniversary Edition of Nicolaus Copernicus' book titled On the Minting of Money. 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 political class wants you to hate gold. That's why politicians and their enablers in the mainstream media and academia constantly badmouth it.  But have you noticed that government people actually love gold? You don't need to look any further than the recent central bank gold-buying spree to make this case.  So, why does the political class want to have gold, but it doesn't want you to have gold? Control.  As host Mike Maharrey explains in this episode of the Midweek Memo podcast, you are harder to control when you have sound money. In other words, gold supports liberty. Mike explains exactly how sound money undergirds freedom and, along the way, highlights government efforts around the world to get more gold to increase their power.

Michael Pento of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse, tells us why he believes the current market expectation of Fed rate hikes is not only wrong, but why he believes we will actually see the Fed cut rates in future months to combat a slowing economy. 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/

There's a new boss over at the Federal Reserve. Is he going to be any different than the old boss? Midweek Memo host Mike Maharrey delved into that question this week. He notes that Warsh certainly sounds different. But he's stepping into the same situation that Jerome Powell left. Mike explains why that will likely limit Warsh's options, meaning the old new boss may end up acting just like the old boss when it's all said and done.  Mike also highlights the ever-growing Debt Black hole by breaking down the May federal budget deficit numbers.

We've seen wild swings in the markets based on the latest headlines. How do we cut through the noise and make good investment decisions? In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains that you need a good recipe.  A plan.  A process.  But to formulate a plan, you need good data. That's tricky when the primary source of data is the government. Mike breaks down the inflation of the pandemic era using a new AI tool to reveal just how sketchy that government data is. This underscores the fact that when we have a realistic view of the economy, all roads lead to gold and silver.

This week's interview is with Axel Merk, president of Merk Investments and a frequent commentator in the financial news media and here on our Money Metals podcast. Merk offers a different take on the recent gold correction, arguing that markets are treating the Iran conflict as a temporary shock rather than a lasting structural change.  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/

They say history doesn't necessarily repeat, but it often rhymes. With that in mind, Midweek Memo host Mike Maharrey looks back at the inflationary era of the 1960s and 1970s and finds some interesting parallels to today. Inflation didn't rise in a straight line back then. It came in three distinct waves. We've seen one wave in the currency inflationary cycle, and it appears we're setting up for a second. And there are other similarities between then and now - including the trajectory of interest rate policy and government spending.  Mike also reveals just how badly this price inflation is impacting the American consumer, who is broke, stressed, and buried in debt. 

Mike Maharrey dives into a range of topics with Kai Hoffmann, CEO of Soar Financial, as they discuss what's really happening in the precious metals market given the ongoing headwinds of the Iran war 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/

What's wrong with this picture? The mainstream has built a bearish narrative around the gold and silver markets. According to this storyline, the Fed will have to keep interest rates higher due to inflationary pressure introduced by the war with Iran. That's negative for gold and silver, non-yielding assets. In this week's Midweek Memo podcast, host Mike Maharrey points out the problems with this picture painted by mainstream pundits. He reveals two dynamics they seem to be missing and explains why the future of gold and silver may not be as bearish as advertised. He then proceeds to expose the deeper flaws with the current fiat money system.

Coming up we'll hear an interview between Chris Marcus of Arcadia Economics and Money Metals CEO Stefan Gleason. Don't miss this revealing interview as Stefan digs into some unanswered questions surrounding America's gold reserves at Fort Knox -- issues brought back into the news headlines by Donald Trump last week. 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/

This week, Mike lets listeners run the show! It's an "Ask Mike Anything" episode where our intrepid host tackles questions asked by listeners.  Here are the questions covered in this episode.  At what point do we start trading in metals instead of paper currency? What does that timeline look like, and where are we currently on that timeline? How will the higher price of oil impact overall consumer price inflation? Higher oil prices cause higher prices in certain goods, but will it also lessen demand and prices in other areas? I heard an ad for a gold seller that said, "Some experts claim that gold could hit 6 thousand this year." I'm typically dubious of ads that say "some experts", rather than citing specific experts. 1 - Do you know of any reputable experts making this claim? 2 - Do you agree? 3 - Do you think the January peak is likely the highest we'll see this year? Why or why not? As SHTF scenarios become more likely, metals will be a life-saving alternative to fiat. Dealers put a high premium on rare collectible coins, whereas I only value the metal content of coins. Will these collectibles retain extra value when Mad Max hits town? Does AI feel like a bubble to you based on the huge valuations of these companies? Should people consider trading the gold/silver ratio? If so, when? And if the refiners get backed up, will it be even possible? Silver has been significantly outpacing gold. Do you see this continuing, and should we expect a rate cut with the new Fed Chair, even if inflation rises? Texas established a precious metals depository with the ability to conduct transactions within the depository. Can you give us an update on how that's progressing and if any other states have done something similar? What is a realistic way of making it normal to trade and pay for items in precious metals? Are there good precious metal-backed currencies that you like? Maybe talk a little bit about the lead time between cause and effect. Related to the old saying health is wealth, you managed to play goalie and do it well long after younger (and lesser) men have hung up their skates. How do you manage to do this? To be clear, no joking, I'd very much like to hear the answer.

Find out what Michael  Oliver of Momentum Structural Analysis has to say now given the backdrop of the Iran War, which many have blamed on keeping a lid of silver here in recent months since that big run up and subsequent correction earlier this year. | 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 dollar is getting smaller.  It's not just that it's rapidly losing purchasing power. It's also losing status on the world stage.  In this episode of the Midweek Memo podcast, host Mike Maharrey considers both aspects of the shrinking dollar and their ramifications. He breaks down the recent CPI data, noting that it tells only part of the inflation story. Mike also highlights the ongoing global de-dollarization trend through the eyes of some mainstream analysts. 

Coming up don't miss an incredibly informative interview with Rhona O'Connell, Head of Market Analysis with StoneX Financial – a global leader when it comes to financial services, commercial hedging, foreign exchange and physical commodities. Rhona has over 40 years of experience as a commodities analyst and is a recognized authority in the precious metals sector.   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 Fed met last week and once again took no action. As usual, the headlines were generated by the things Powell & Company said and didn't say.  In this episode of the Midweek Memo podcast, host Mike Maharrey analyzes the meeting and the messaging that came out of it. He explains why the rhetoric has very little connection to reality because everybody seems to be ignoring the proverbial elephant in the room - the Debt Black Hole. That has significant ramifications for the economy and the precious metals markets, as Mike explains. In this episode, Mike also shares some things he saw on his recent field trip to the Money Metals facility in Idaho. 

This week's Money Metals exclusive interview with Dominic Frisby, a man of many talents – a British comedian, an esteemed financial writer and commentator and author of the book The Secret History of Gold.   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/

Decision 2024 is in its final stages. So, who is the winner? Money Metals' Midweek Memo host Mike Maharrey says that no matter who ends up occupying the White House next year (At this point it looks like Trump),  gold and silver are already the big winners. In this episode of the podcast, Mike argues that the practical impact of the presidential election will be less significant than many people imagine because the system itself is the problem as much as the people running it. That means a lot of things will continue on the same trajectory. He goes on to highlight gold and silver as the big winners in 2024 using some of the third quarter data. You might be surprised to learn that silver and gold are the best-performing assets so far this year.

This week we hear from our good friend David Morgan of The Morgan Report. Hear the Silver Guru's take on the recent fireworks in the metals markets, where he sees silver going in the near term. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

There's been a lot of talk about the demise of the dollar. Has the treat of de-dollarization been greatly exaggerated? Or is the greenback's role as the global reserve currency threatened? In this episode of the Money Metals' Midweek Memo, host Mike Maharrey takes a hard look at the dollar's status in the context of the recent BRICS summit. He argues that while it doesn't look like the dollar will go down any time soon, it's a little early to breathe a sigh of relief.

Today we have a special interview with former economic advisor to President Donald Trump Judy Shelton. Judy is known for her advocacy for a return to the gold standard and for her criticisms of the Federal Reserve. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

Washington D.C. has a problem! A $35.7 trillion problem. And yet most people don't seem concerned about excessive government spending, massive budget deficits, and the growing national debt. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains why people should be concerned. He digs deep into the numbers and points out some signs that the ramifications of the government's borrow-and-spend addiction and the spiraling debt are already reverberating through the economy.

This week we interview with the newest addition to MoneyMetals.com's content team, columnist and gold market analyst Jan Nieuwenhuijs.   Join Jan and Mike Maharrey as they breakdown the latest on gold, why the Chinese are so secretive about their gold accumulation strategy, what it all means for the markets, and so much more...

Hurricanes Helene and Milton ripped through the southeastern U.S. leaving destruction in their wakes. They also gave new life to at least two economic fallacies. In this episode of the Money Metals Midweek Memo, host Mike Maharrey explains why anti-price gouging laws don't help in a disaster situation, and why the money spent cleaning up isn't some kind of stimulative economic boom.

This week, a fascinating interview with Kai Hoffman, CEO of Soar Financial and host of the well-known and highly regarded Soar Financially podcast. Mike Maharrey dives into a range of topics with Mr. Hoffman and taps into his expertise in the metals and the resource sectors specifically.

Industrial demand for silver is at record levels. Can mine production keep up? As Money Metals' Midweek Memo host Mike Maharrey explains, that's easier said than done. In this episode, he focuses on the supply side of the silver supply and demand equation and explains why miners can't quickly step in to fill the shortfall. He also shares some interesting news from Russia that could drive even more silver demand in the future.

Today's podcast features a special interview between Mike Maharrey and Money Metals content manager Josh Glawson, talking about all the features and resources available at MoneyMetals.com as well as some updates on Money Metals Depository and the Sound Money Defense League. Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

Zimbabwe created a gold-backed currency in an effort tho shore up its financial system. Just six months later, the government has already devalued the currency. It goes to show that the problem isn't the money - it's the government that issues it.  In this episode of the Money Metals Midweek Memo, host Mike Maharrey explains why government fiat currencies aren't worth the paper they're printed on, why governments constantly devalue their currencies, and how to protect yourself from the pernicious effects. 

This week, Gerald Celente of the Trends Journal joins us for an explosive interview on a range of topic, including gold's rise, the pending death of the dollar and why Gerald is more concerned now than ever that we're on the verge of World War III.  In fact, he believes that it's already begun. 

The central bankers at the Federal Reserve are saying one thing and doing another. They're telling us that the economy is great and inflation isn't completely dead. But they're acting like the economy is crashing and inflation doesn't matter. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey breaks Federal Reserve officials' words and actions and reminds us that actions speak louder than words.  He also delves into the impact of the recent pivot in Fed monetary policy on financial markets, including gold, silver, and stocks.

Special interview with Money Metals CEO Stefan Gleason, who appeared recently on the Investing News channel. Stefan discussed the massive expansion of Money Metals Depository, which just opened literally the largest gold vault in North America. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan

Has the weaponization of the dollar put it in danger? The short answer is yes. De-dollarization sounds like a wild conspiracy theory, but it is happening. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains what's driving de-dollarization, the possible ramifications, and why gold is a big part of the equation.

Greg Weldon of Weldon Financial, discusses a range of topics, including how he sees a big shift occurring in global geopolitics where more and more countries around the world are telling the U.S. to mind its own business -- and how U.S. elitism is driving more and more countries to team up with BRICS countries. | Do you own precious metals you would rather not sell, but need access to cash? Get Started Here: https://www.moneymetals.com/gold-loan