Gold Projected to Hit Higher Highs: SchiffGold Friday Gold Wrap October 4 2024

Gold closed the week at $2,652 (down $6 since last week) and silver at $32.19 (up $0.57). Investment banks are setting higher targets for gold as new monetary warning signs flash.

OTHER TOPICS DISCUSSED

• • ADP jobs below 200k for sixth straight month
  • Unemployment rate drops to 4.1%
  • Reverse repo cash surges $465b in New York Fed
  • Goldman Sachs announces new $2,900/oz gold target
  • August PCE is down, suggesting even more rate cuts to come
  • Key headlines for next week

Quote of the Week:

Inflation is the number one issue that people are feeling across this country. It’s hurting middle-class families. It’s hurting working-class families. And it’s going to be the big factor in the 2024 election.”

-Florida Governor Ron DeSantis

TOP ARTICLES THIS WEEK

• • The True Injustice: Inequality of Opportunity, Not Income
  • Dollar vs. Yen: A Race to the Bottom
  • Schiff: Debt will Hit $50 trillion by 2028
  • Schiff: Gold Just Getting Started
  • Schiff with Burack: Even 2008 is Preferable to 2024
  • Peter Schiff: Gold on Its Way to 2700

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.

Listen on Youtube

SchiffGold on Soundcloud

SchiffGold on Facebook

SchiffGold on Instagram

SchiffGold on MeWe

The Friday Gold Wrap on Apple Podcasts

The Friday Gold Wrap on Stitcher

The Friday Gold Wrap on Spotify

The Friday Gold Wrap on Google Podcasts

The above references an opinion and is for information purposes only. It is not intended to be investment advice.