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Money Metals News Alert
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January 19, 2026
– The silver market continues to be a sight to behold, with prices rising
above $94 this morning, more than triple the price of just one year ago.
Volatility is increasing and upward
momentum in both gold and silver remains strong. And so does retail demand in the
United States.
Money Metals continues to staff up
while extending operating hours to handle record-level volumes on both the buy
and sell side.
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Our inventory position
remains extremely strong – even as most of Money Metals' competitors are out
of stock or quote long minting delays on many (if not most) silver products.
That said, we continue to
quote multi-day processing delays on both shipping and receiving. But we remain
confident we can maintain reasonable service levels – especially as compared
to the struggles we see unfolding elsewhere.
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We have not put in place any order
size minimums as other dealers have either. (But there is no guarantee we will not
be forced to do so at some point.)
Thank you for your business, patience,
and trust!
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Gold : Silver Ratio (as of
Friday's closing prices) – 51 to
1
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Report: DOJ Launched Federal Reserve Probe in
Response to Central Bank???s Stonewalling
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When Federal Reserve Chair Jerome
Powell announced Sunday that the Justice Department
had served the central bank with subpoenas, he portrayed the DOJ???s actions as a
???threat??? intended to undermine the Fed???s independence when it comes to setting
interest rates.
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But according to the Washington Post, the DOJ???s investigation
was only launched after the Fed ignored emails in a non-criminal probe.
Citing six anonymous
sources with knowledge of the matter, the Post reported Friday that the DOJ
sent two emails to the Federal Reserve in December as part of a non-criminal
inquiry launched the month prior.
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???The messages sought a meeting or
phone call to discuss renovations at the central bank???s headquarters,??? the Post
reported. ???Fed officials opted not to respond to [the emails], choosing to avoid
informal engagement on a matter that could carry criminal implications.???
The Fed???s silence reportedly led
Jeanine Pirro, the U.S. attorney in Washington, to believe that the Fed was hiding
something. That???s when she decided to issue subpoenas, according to the Post.
???The claim that ???Oh, they didn???t
think it was a big deal??? is naive and almost malpractice,??? a DOJ official told
the Post. ???We gave them a deadline. We said the first week of January.???
Powell has retained outside counsel at
the law firm Williams & Connolly—a firm that???s represented former presidents
Bill Clinton, Barack Obama, and George W. Bush, as well as a slew of other
powerful characters. The FBI is reportedly not involved in the investigation.
The subpoenas relate to Powell???s
testimony before the Senate Banking Committee in June, when he spoke about the
Fed???s $2.5 billion renovation of two office buildings—a project that
President Donald Trump has criticized as excessive.
At that hearing, Senate Banking
Committee Chair Tim Scott, R-SC, said the Fed???s building renovation included
???rooftop terraces, custom elevators that open into VIP dining rooms, white marble
finishes, and even a private art collection.???
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Powell disputed those
details in his testimony, saying ???there???s no new marble. … there are no
special elevators??? and added that some of the controversial items are ???not in the
current plan.??? In July, Russell Vought, director of the Office of Management and
Budget, said in a letter to Powell that his testimony about changes to the
building plans ???raises serious questions about the project???s compliance??? with
previous plans approved by a planning commission.
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Still, later that month, Trump visited
the building site and, while standing next to Powell, overstated the cost of the
renovation. Later that day, Trump, speaking to reporters, downplayed any concerns
with the renovation. He said, ???They have to get it done,??? and added, ???Look,
there???s always Monday morning quarterbacks. I don???t want to be that. I want to
help them get it finished.???
When asked if it was a firing offense,
Trump said, ???I don???t want to put that in this category.???
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This week's Market Update was
authored by Money Metals Contributing Writer Ken Silva.
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This copyrighted material may not
be republished without express permission. Offer only available through email
promotion. Offer does not apply to previous orders and may not be combined with
any other offer or program. Special shipping rates or other restrictions may apply
to international orders. The information presented here is for general educational
purposes only. Money Metals Exchange and its staff do not act as personal
investment advisors. Nor do we advocate the purchase or sale of any regulated
security listed on any exchange for any specific individual. While our track
record is excellent, investment markets have inherent risks and there can be no
assurance of future profits. You are responsible for your investment decisions,
and they should be made in consultation with your own advisors. By purchasing from
Money Metals, you understand our company is not responsible for any losses caused
by your investment decisions, nor do we have any claim to any market gains you may
enjoy. Money Metals Exchange is not a regulated trading ???exchange??? as defined by
the CFTC and the SEC.
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