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The Fed Is Out of Patience; Gold Breaks Out! SchiffGold Friday Gold Wrap June, 21, 2019

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The Federal Reserve held its June Open Market Committee Meeting this week and it looks like Powell and company are fresh out of patience. In fact, that word didn’t come up once. And while the Fed held pat on interest rates, for now, virtually everybody is betting on a rate cut in the near future. This has caused gold to surge to prices not seen in nearly six years. Meanwhile, American consumers are still running up debt and the Chinese are shedding it. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about it.

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.

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SHOW NOTES

The latest Federal Reserve Consumer Credit Report

China Urges International Community to Find Alternatives to ‘Weaponized’ US Dollar

 The latest US Treasury Department Treasury holding data

Gold IRA Rollover to 401k

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