Gold Holds Amid Disastrous Debate: SchiffGold Friday Gold Wrap June 28 2024
Gold closed the week about the same at $2,326 as silver closes down $0.40 at $29.13. JD and Joel explain what’s behind the institutional demand for gold, recent upswing in money supply, and the catastrophic presidential debate.
OTHER TOPICS DISCUSSED
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- Pending home sales drop more than expected (-2.1% vs expected -0.4%)
- Money supply begins to expand yet again
- COTs report show institutional gold demand driving prices higher
- Walgreens to close a “meaningful percent” of its 8,700+ stores
- Trumps reelection odds rise rapidly after Biden’s disastrous debate performance
Quote of the Week:
“We pay billions – hundreds of billions of dollars to supporting other countries that are in theory wealthier than we are” Donald Trump
TOP ARTICLES THIS WEEK
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.
