A New Lost Decade, JD’s Farewell: SchiffGold Friday Gold Wrap 11.22.2024
Gold closed this week at $2,715 (up $153 since last week) and silver at $31.33 (up $1.10). Joel and JD discuss recent price action, 100k Bitcoin and why Goldman Sachs predict just 1% annual returns to the S&P 500 over the next decade.
OTHER TOPICS DISCUSSED:
- Initial jobless claims came out at 213,000, beneath expectations.
- Leading Economic Indicators down for 8th straight month
- Consumer sentiment remains stagnant at 71.8.
- Household savings are dwindling while credit card debt is skyrocketing.
- Goldman Sachs analysts predict just 1% annual returns in S&P 500 over next decade
There is an old saying, If you’re not a liberal by the time you’re 22, you don’t have a heart. If you’re not a conservative by the time you’re 28, you don’t have a head. Well, a lot of 22-year-olds are buying Bitcoin, and Trump got their vote. He got their vote by pandering to their most important issue, which was getting rich off their Bitcoin”
– Peter Schiff
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.
