The DOGE Days: SchiffGold Friday Gold Wrap 11.29.2024

Gold closed this week at $2,655 (down $60 since last week) and silver at $30.65 (down $0.70). Joel discusses troubling retail sales, Musk’s meteoric rise and the department of government efficiency (DOGE).

OTHER TOPICS DISCUSSED:

• FedWatch predicts 66% chance of rate cut December 18.
• U.S. GDP grew 2.8% quarter-over-quarter, meeting expectations.
• October new home sales fell below expectations to 610,000.
• October money supply rose 5.1%, highest in 15 months.
• Tesla stock surged 40%, boosting Musk’s net worth $70 billion.The most terrifying words in the English language are: I’m from the government, and I’m here to help”

– Ronald Reagan

TOP ARTICLES THIS WEEK

• • Peter Schiff: Bitcoin Can’t Buy Me
  • Happy BanksGiving: What Thanksgiving Might Cost in 2025
  • Money Supply Growth Continues to Accelerate
  • Peter Schiff: It’s Time for Downward Revisions
  • Will December Comex Delivery Confirm Election Sell-Off Is Over?

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

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.