by Ron Paul, Ron Paul Institute:
Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a quarter percent cut in interest rates. Following this announcement, Fed Chairman Jerome Powell held a press conference where he said that he would not comply with any presidential request that he step down before his term ends in May of 2026.
from Birch Gold Group:
After shattering 30 all-time high price records, global demand for gold also hit an all-time high this year. Is massive demand causing record high prices? Or are high prices causing fear of missing out? Let’s dive into the forces behind record gold demand…
Your News to Know rounds up the most important stories about precious metals and the overall economy. This week, we’ll cover:
by Craig Hemke, Sprott Money:
It’s going to be a busy week for gold and silver prices as the U.S. holds its presidential election. Will Trump win? Will Harris win? No one can say for certain, but one thing we do know: The price of gold will rise over the next four years regardless of who becomes the next president.
And why do we know this for certain? Because neither candidate has put forth a proposal to manage the runaway fiscal debt and deficit of the United States. As such, the only plan is to continue on the same course. Borrow, spend, and hope that the system can continue indefinitely.
by Richard Mills, Ahead Of The Herd:
Gold’s rally, which started in mid-February, has been underpinned by increased geopolitical risks, the upcoming US election, central bank buying, and slowing ETF sales. It last traded at $2,744 an ounce, up 37% so far in 2024.
But silver has done even better, notching a YTD gain of 46%. Spot silver is now worth $33.67, as of Monday, 20:30 New York time. Last Tuesday it hit $34, the highest level since 2012.
by Uriel Araujo, Global Research:
Earlier this month Brazil’s Supreme Court lifted its ban on X (formerly Twitter) after Elon Musk finally complied with the court orders. It was the end of a months-long standoff between Justice Alexandre de Moraes and Musk (X was suspended on August 31). The matter has often been addressed as an issue of “free speech”, but with the recent BRICS Summit Declaration on digital sovereignty, one can clearly see that the discussion here should not be just about “censorship”. The BRICS Summit in Kazan, held from October 22 to 24 (2024), for the first time held a meeting with its expanded format, now including new member states such as Iran, Saudi Arabia, Egypt, and Ethiopia.
