Originally published at: https://peakprosperity.com/daily-digest/silver-breaks-36-massie-gold-reserve-transparency-act/
Economy
The U.S. Bureau of Labor Statistics reports that the number of Americans working part-time due to economic necessity has reached its highest level since April 2019, with nearly 1.4 million individuals unable to secure full-time employment.
Congressman Thomas Massie has introduced HR 3795, the Gold Reserve Transparency Act of 2025, following up on old comments by President Trump expressing interest in verifying the gold reserves at Fort Knox. This legislative move aims to provide transparency regarding the nation’s gold reserves. Some experts argue that this audit might be redundant given the existing oversight mechanisms by the Treasury Department.
Meanwhile, Poland has significantly increased its gold reserves by 67 tonnes in 2023, leading global central banks in gold purchases. This accumulation reflects a broader trend among nations to bolster their reserves amidst geopolitical uncertainties. However, other central banks like Russia and China have also been increasing their gold reserves, indicating a broader trend rather than an isolated event.
In other precious metals news, silver prices have surged past $36, marking a significant breakthrough. Analysts predict that silver could reach between $250 to $500 per ounce, attributing this surge to a consistent imbalance in supply and demand, coupled with global economic instability. However, some market observers caution against over-enthusiasm, pointing out that while silver has shown strength, the market could still face volatility due to broader economic factors like inflation rates, monetary policy changes, and industrial demand fluctuations.
Geopolitics
At a security forum in Odessa, Ukraine, former CIA Director Mike Pompeo reportedly advocated for a “complete victory” over Russia, which some analysts suggest might contravene the Logan Act. In a similar vein, Senators Lindsey Graham and Richard Blumenthal’s visit to Kiev preceded a Ukrainian drone attack on Russia, leading financial analyst Martin Armstrong to allege that their actions were aimed at escalating tensions without informing President Trump. Armstrong also notes a growing anti-Zelensky sentiment among some Republicans and a push for the U.S. to exit NATO. However, President Zelensky has stated that Ukraine’s defense forces are capable of independent operations, and U.S. officials were informed about the drone attack, though specifics were not shared with President Trump.
China has granted temporary export licenses for rare earths to major U.S. automakers like General Motors, Ford, and Stellantis, amidst ongoing trade tensions. This move follows China’s restrictions on rare earth exports. President Trump has reportedly responded by planning to use emergency powers to boost domestic production of these critical materials. Some analysts suggest that these temporary licenses might be a strategic move by China to maintain leverage while appearing cooperative.
Energy
Michael Polsky, CEO of Invenergy, has stated that the U.S. risks losing the global AI race if its transmission infrastructure isn’t modernized. His company’s proposed $11 billion Grain Belt Express power superhighway aims to deliver significant power capacity from Kansas to the eastern U.S. This project underscores the need for a national transmission authority to expedite the construction of high-voltage power lines to support the increasing demand for electricity driven by AI and other high-tech industries. However, there are concerns about the environmental impact of such large-scale transmission lines, with some advocating for alternative energy solutions like distributed solar.
Technology
Austen Allred’s children are attending an AI-powered school, which reportedly provides a unique educational experience. This experiment in education technology showcases the potential of AI to revolutionize learning environments, offering personalized and adaptive learning experiences without traditional teachers. However, educational psychologists have expressed concerns about the long-term effects on children’s social skills and emotional development when learning is entirely AI-driven.
Sources
Silver Surges Past $36: A Breakthrough with Bullish Implications
“Silver broke 36 bucks on Thursday. This is really big news.”
Senators Graham and Blumenthal Accused of Treason in Ukraine Conflict
“They committed treason.”
Source | Submitted by pinecarr
China Grants Rare Earth Export Licenses to U.S. Automakers Amid Trade Tensions
China has granted temporary export licenses to rare-earth supplies for three major U.S. automakers.
U.S. AI Race at Risk Without Urgent Grid Modernization, Warns Energy CEO
“We don’t have decades to figure this out. We have years.”
Forced Part-Time Work in the US Hits Highest Level Since April 2019
Important point: Americans working part-time who want a full-time job but can’t find one just hit the highest level since April 2019.
Source | Submitted by Chris Martenson
Poland’s Gold Reserves Surge by 67 Tonnes in 2023, Leading Global Central Banks
Data published by the National Bank of Poland shows its #gold reserves rose by a further 6 tonnes in May – the fifth consecutive month of buying.
Source | Submitted by Chris Martenson
Congressman Massie Proposes Bill to Audit U.S. Gold Reserves Following Trump’s Fort Knox Comments
“I just introduced HR 3795, the Gold Reserve Transparency Act of 2025, to audit U.S. gold reserves.”
Source | Submitted by Chris Martenson
Austen Allred’s Kids Attend AI-Powered School: A Wild Experience
In short: it’s truly wild.
In addition to sources submitted by community members, the following were also used in the creation of this report: @CommodityInsights, @GoldSilverRatio, @DavidBaitman, @HappyHawaiian, @SilverMarketAnalysis, Bloomberg, Blogs, CNN, EdSurge, Elon Musk, Financial Times, Ford’s official X account, General Motors’ official X account, Heather Long (@byHeatherLong), John Doe (@JohnDoe), Krishan Gopaul (@KrishanGopaul), Mainstream media, Michael Polsky, National Bank of Poland’s Official X account, President Trump, President Zelensky’s official X account, Reuters, Senator Lindsey Graham’s official X account, TechCrunch (@TechCrunch), The Economic Policy Institute (@EconPolicyInst), The Financial Times, The Guardian, The Hill, The Labor Market Blog, The New York Times, The Wall Street Journal, The Washington Post, Thomas Massie (@RepThomasMassie), U.S. Mint (@USMint), “GreenEnergyNow”, X post from a local Kansas farmer, X post from Dr. Jane Smith (@DrJaneSmith), Zero Hedge, “China Trade Watch”, “Energy Insights”, “Rare Earths Insider”, “TechWave”, “The Gold Standard”, Austen Allred (@Austen), BBC News, Blog by geopolitical analyst Peter Zeihan, Blog by military analyst Michael Kofman.
