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A Second Chance for Silver: SchiffGold Friday Gold Wrap June 7 2024

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In light of the recent pullback and low premiums, now is a unique opportunity to buy silver with prices 40% below their historic highs of $50 per oz. JD and Joel also discuss the cause of the price pullback this week, the shocking Berkshire’s stock price fumble, and the 8-figure-fortunes of a GameStop day-trader.

OTHER TOPICS DISCUSSED

    • Gold is trading at $2,294 (down $33 since last week’s close)
    • Silver is trading at $29.16 (down $1.21 since last week’s close)
    • ADP employment below expected but BLS employment came out 82,000 jobs above expected, delaying expectations of a Fed rate cut
    • AI falsely reports 99.73% drop in Berkshire Hathaway stock price

Quote of the week from Peter Lynch:

Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.

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.

Listen on Youtube

 

SchiffGold on Soundcloud

SchiffGold on Facebook

SchiffGold on Instagram: SchiffGoldNews

SchiffGold on MeWe

The Friday Gold Wrap on Apple Podcasts

The Friday Gold Wrap on Stitcher

The Friday Gold Wrap on Spotify

The Friday Gold Wrap on Google Podcasts

The above references an opinion and is for information purposes only. It is not intended to be investment advice.

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