Trump’s Debt Dilemma: SchiffGold Friday Gold Wrap November 15 2024

Gold closed this week at $2,562 (down $123 since last week) and silver at $30.23 (down $1.20). Joel discusses recent price action, recent USD gains, and why Trump faces a terrible dilemma around inflation.

OTHER TOPICS DISCUSSED:

• (1:52) Official inflation rose to 2.6%, with core CPI still above target.
• (2:15) Rate cut chance in December dropped from 65% to 27%.
• (4:12) Retiree Debt Rises: 68% of retirees now carry credit card debt
• (8:00) Dollar Hits 1-Year High: Dollar index climbed to 106.47
• (10:15) Why Trump must cut spending to curb inflation

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

– Winston Churchill

TOP ARTICLES THIS WEEK

• • Schiff on Corner office: Bitcoin is a Sideshow
  • Why Congress Should Remove Jerome Powell
  • Schiff With David Lin: Trump Must Slash Spending
  • Federal Budget: Trump Inherits an Absolute Fiscal Mess
  • Peter Schiff: Powell Can’t Address Stagflation

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.