The Guard Rails Are Off!: SchiffGold Friday Gold Wrap May 3, 2024

Joel and JD unravel the shocking economic turmoil of the week, spotlighting the catastrophic collapse of Republic First Bank, alarming jobs data, and Powell’s foreboding speech. With the Fed confessing anxiety about inflation and pulling rate cuts off the path, it’s now clear: we’re in dangerous territory with no guard rails in sight!

OTHER TOPICS DISCUSSED

• • Gold is trading at $2,302 (down $35 since this time last week)
  • Silver is trading at $25.60 (down about $0.65 on the week)
  • Economy adds 175,000 jobs in April (25,000 less than expected)
  • Unemployment rises to 3.9%

Quote of the week from Ron Paul:

If people think the gold price up and down is a reflection of something wrong with gold, no – I say it is something wrong with the dollar.

TOP ARTICLES THIS WEEK

• Jobs: Household Report is Way Below a Weak Headline Number
• Inflation Brewing: Is Coffee the Next Cocoa?
• New Peter Schiff Interview: Gold, not Bitcoin, is the Solution to National Debt
• California’s Single-Family Zoning Exemplifies the Market-Intervention Problem
• The Technicals: Something Else is Driving Gold
• New Peter Schiff Interview: Proposed Taxes Are Blatantly Illegal
• New Peter Schiff Interview: Rates are Still Too Loose
• Chocolate Prices Reflect Rampant Inflation

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.