BRICS and Bank Failures: SchiffGold Friday Gold Wrap October 25 2024
Gold closed this week at $2,746 (up $24 since last week) and silver at $33.69 (about the same). What could the second US bank failure of 2024 and the global BRICS Summit mean for gold and silver?
OTHER TOPICS DISCUSSED
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- US Leading economic indicators fell by 0.5% in September
- Citibank and Goldman Sachs analysts warn of slower growth
- ECB Hints at continued Eurozone rate cuts
- Bank of Canada lowers interest rates to to 3.75%
- IMF downgrades global growth forecast
- OCC shuts down First National Bank of Lindsay
- CME tightens margin requirements on gold and silver
- Key headlines for next week
Quote of the Week:
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
– Henry Ford
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- After Halloween, the Economy Could Get Spooky
- Peter Schiff: Gold is Exposing the Phony Economy
- Money Supply Grows for 11 Straight Months
- Why Central Banks Won’t Truly Fight Inflation
- The Technicals: Gold Still Looks Good, Silver Looks Even Better
- Patently Absurd: Why U.S. Innovation Protection Falls Short
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.
