World in Flames, Currencies in Freefall: SchiffGold Friday Gold Wrap 01.17.2025
The world was aflame this week with political and economic turmoil, including California’s wildfires, India’s currency crisis and the freefall in the Chinese Yuan. How are precious metals faring? Gold closed this week at $2,705 (up $10) and silver at $30.45 (unchanged). Joel gives the full price commentary at 14:46.
OTHER TOPICS DISCUSSED:
• 01:37 Biggest Economic Headlines
QUOTE OF THE WEEK
Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.”
– Barry Goldwater
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- Peter Schiff: All the Data Confirms Stagflation
- Schiff on Schwab Network: The Markets Have Mispriced the Dollar
- Gold Rallies as December Inflation Prompts Unease
- States Move to Fortify Precious Metals Policies
- Rising Inflation Expectations Spark Concerns Over Tariffs and Consumer Confidence
- If We Have a Strong Economy, Why Are Americans Struggling?
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.
