GDP Gives False Optimism: SchiffGold Friday Gold Wrap July 26 2024
Gold closed the week at $2,387 (down $13) and silver at $27.91 (down 4.7%). This week’s GDP numbers give the illusion of a strong economy. In reality, the economy remains insecure. The Fed must cut rates; the recent dip in precious metals prices is unlikely to last.
OTHER TOPICS DISCUSSED
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- Why gold and silver prices are down this week
- Record high home prices amid inflation slow sales
- Consumer sentiment hits 8-month low
- US stocks fall after Tesla’s earnings miss
- Experian: Average American debt reaches $104k
- SECURE Act 2.0 reveals economic insecurity
Quote of the Week:
Beware of little expenses; a small leak will sink a great ship.”
-Benjamin Franklin
TOP ARTICLES THIS WEEK
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- CME Gold and Silver Delivery Update July 2024
- 13 Week Money Supply Suggests a Flat Stock Market For Now
- The False Promise of ESG Funds: Why They Fail Investors
- Boeing, Money Printing, and the Military-Industrial Complex
- Biden Just Dropped an Economic Bombshell
- Washington Is Behind A Major Real Estate Crisis
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.
