Biden’s Super Bowl Blunder: SchiffGold Friday Gold Wrap 2.16.24
JD and Joel discuss this week: why gold is down, Peter Schiff’s best takes on Biden’s Super Bowl shrinkflation ad, and thoughts about “the best time” to sell gold.
OTHER TOPICS DISCUSSED
- Gold traded Friday morning at $2,000/ounce (-$27 weekly)
- Silver traded Friday morning at $22.83/ounce (+$0.25 weekly)
- January inflation comes in at 0.3% or an annualized rate of 3.7%
- US producer prices (PPI) rise the most in 5 months
- What Biden gets backward about inflation and shrinkflation
- The week ahead:
- Banks are closed next Monday
- LEI indicators released next Tuesday at 10:00AM
- Fed FOMC January Meeting Minutes released next Wednesday at 2:00PM
Quote from Frederic Bastiat:
Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.”
TOP ARTICLES THIS WEEK
- Peter Schiff: Inflation and Biden’s Blame Game
- Gold & Silver in the Bible
- Gold – When to Exist? $2k, $5k, $10k?
- The Gold/Silver Ratio Says Silver’s Still Cheap
- Federal Budget: Interest Payments Reach $750B
- Peter Schiff: We Are On The Brink of A Catastrophe
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
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The above references an opinion and is for information purposes only. It is not intended to be investment advice.
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