Economy Is Barreling Toward Stagflation: SchiffGold Friday Gold Wrap April 26, 2024
JD and Joel unpack Peter’s latest podcast and the economy’s current path toward stagflation. We look at this week’s price action, macroeconomic data, and a quote from Jordan Peterson.
OTHER TOPICS DISCUSSED
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- Gold is trading at $2,337 (up $55 since this time last week)
- Silver is trading at $27.20 (down about 5% on the week)
- CME Fedwatch tool slates the Fed to lower rates first in November
- Q1 GDP came out at just 1.6% (versus the expected 2.2%)
- Core PCE (year-over-year) came out higher than expected at 2.8%
Quote of the week from Jordan Peterson:
If you run from the things you are afraid of, you run from exactly what you need to find. Dragons hoard gold because the thing you most need is always to be found where you least want to look.”
TOP ARTICLES THIS WEEK
- Made in America: The Dark Forces Promoting American Manufacturing
- If 10-Year Yields Surpass 5%, Say Hello to QE (and Massive Inflation)
- California’s New Minimum Wage: A Cure that Exacerbates the Sickness
- Money Supply Sees Major Jump in Recent Weeks
- $5 Wrench Attack: Bitcoin vs Gold in a Real Collapse
- Peter Schiff: Wall Street Due for Correction
- How Nvidia Uses Gold
- Why and How US Debt Will End in Catastrophe
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.
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