Gold Record Rise: Reaching for $2600: SchiffGold Friday Gold Wrap September 13 2024
Gold closed the week at $2,577 (up $82 since last week) and silver at $30.71 (up $3.18). This episode covers the cause of gold’s new record high, big interest news next week, the Trump-Harris debate, and a retrospect of the year for precious metals.
OTHER TOPICS DISCUSSED
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- Core CPI above expectations at 0.3% month-on-month
- ECB lowers rates target rate to 3.5%
- Banking buzz from Berkshire sales and Ally’s tanking stock
- Gold up 25% this year
- Key headlines to look out for in week ahead
Quote of the Week:
I would dedicate my life to this country but I see it as being a mean life, and I also see it that somebody with strong views and somebody with the kind of views that are maybe a little bit unpopular, which may be right, but may be unpopular, wouldn’t necessarily have a chance of getting elected against somebody with no great brain but a big smile and that’s a sad commentary for the political process.”
-Donald Trump
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.
