A Monster Under the Bed: SchiffGold Friday Gold Wrap December 1

Imagine a bedroom. It looks clean and safe, but there is a monster under the bed that nobody notices. As host Mike Maharrey explains in this episode of the Friday Gold Wrap, that’s basically the condition of the US banking system right now. It appears “sound,” but a closer look reveals a financial crisis is still bubbling under the surface. He also talks about the recent run-up in the price of gold.

TOPICS DISCUSSED

A monster under your bed
Gold holds above $2,000
Deutsche Bank predicts bigger Fed rate cuts in 2024
US Banks suffer big unrealized losses in Q3
Balances in the Fed’s bank bailout program suddenly spiked in November

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.

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