2024 Wrapped: SchiffGold Friday Gold Wrap 12.27.2024
Gold closed this week at $2,625 (about the same as last week) and silver at $29.35 (down about $0.20). Joel recaps this year’s biggest economic events and precious metal performance before looking ahead to 2025. Market commentary begins at 4:51.
OTHER TOPICS DISCUSSED:
- Gold up 26.9%, silver gains 23.7% in 2024.
- Poor consumer confidence at 104.7 (versus 112.9 forecast).
- US economic indicators and mortgages are worse than expected.
- Russia keeps interest rates steady at 21%.
- US debt hits $36 trillion, bank failures rise.
- Hurricanes Milton, Helene caused $200B in damages.
- Stock markets performed well in 2024; volatility expected in 2025.
QUOTE OF THE WEEK
He who is unfit to serve his fellow citizens wants to rule them.”
– Ludwig Von Mises
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.
