The Road to Prosperity Is Paved With Credit Cards? SchiffGold Friday Gold Wrap Nov. 10, 2023
Mainstream pundits and government officials keep talking about the strong economy and resilient consumers while ignoring what’s driving them – borrowing. To listen to them, you would think the road to prosperity is paved with credit cards. In this episode of the Friday Gold Wrap host Mike Maharrey breaks down the recent household debt data and explains why this isn’t the sign of a strong economy. He also highlights some interesting silver demand news.
TOPICS DISCUSSED
- You don’t borrow your way to prosperity
- Household debt at record levels
- Delinquency levels on the rise
- An overview of the week’s gold price action
- Silver demand expected to grow in three major sectors
- Silver is underpriced based on supply-demand dynamics
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.
Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.
LISTEN
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SHOW NOTES
Mounting Government Debt Marks America’s Road to Ruin
Peter Schiff: The Recession May Have Already Started
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