A Second Chance for Silver: SchiffGold Friday Gold Wrap June 7 2024
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
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- 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
- You Need to Look at the Household Jobs Survey
- China’s RE Crisis: A New Experiment in State Intervention
- The Bank of Japan Just Contradicted Itself
- Did an AI-Generated Bloomberg Report Just Send Berkshire Hathaway to Zero?
- Why People Value Worthless Paper Money
- 5 Ways Fed Medicine Is Worse Than The Disease
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.
