Powell Surrenders And Gold Gains: SchiffGold Friday Gold Wrap August 23 2024
Gold closed the week again near an all-time high at $2,512 (up $6 since last week) and silver at $29.82 (up $0.82). This episode we discuss Powell’s interest rate declaration, precious metals prices, a major BLS jobs mistake, and gloom for the boomer generation.
OTHER TOPICS DISCUSSED
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- Fed minutes and Powell Jackson Hole Speech
- Demand spikes for Comex gold deliveries
- BLS: Jobs since 2023 overstated by 818,000
- 57% of S&P 500 firms miss revenue expectations
- June-July US auto sales down 10%
- Fed: 43% of boomers have no retirement savings
- Key headlines to look out for in week ahead
Quote of the Week:
It’s not the return on my investment that I’m concerned about; it’s the return of my investment.”
-Will Rogers
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.
