Media Silent As Gold Surpasses $2400: SchiffGold Friday Gold Wrap April 12, 2024
JD and Joel discuss gold’s underrated new all-time high, silver nearing $30 per oz, higher-than-expected inflation, the Fed’s response, and why buyers today can expect to pay lower premiums.
OTHER TOPICS DISCUSSED
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- Gold is trading at $2,335 (about the same as last week)
- Silver is trading at $27.91 (up about 2% on the week)
- CPI inflation data comes out at 3.5% year-on-year (exceeding the expected 3.2%)
- UMichigan Survey shows consumers gloomier than expected (77.9 vs. expected 79.3)
- Why waiting for lower spot prices might mean higher premiums
Quote from Ron Paul:
When monetary policy destroys the currency, it always destroys the middle class.”
TOP ARTICLES THIS WEEK
- CPI vs Rate Cuts: The Fed’s Mission Impossible
- The Educational Gap in Economics
- Central Banks Are Buying the Gold Top
- The Passive Investor Problem
- New Peter Schiff Interviews: We’re in a Stealth Bull Market for Gold
- Peter Schiff: Gold Rises, Even with Bad News
- Prices Up 2500% Since FDR Abandoned Gold
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.
