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Gold closed the week at $2,405 (down $5) and silver at $29.30 (down 5%). The US Federal Reserve is growing increasingly worried about the economy as recent data flash even more warning signs. Investors are rushing to gold and silver, pushing prices to all-time highs. The recent dip creates a buying opportunity, especially for silver.
Beneath the veneer of headline job gains, the American economy teeters on the brink: native employment dwindles as part-time and immigrant jobs surge. Government hiring camouflages looming recession warnings. Inflation and political blunders worsen the crisis, fueling public outrage at the establishment’s mishandling of the economy.
JD and Joel discuss gold’s underrated new all-time high, silver nearing $30 per oz, higher-than-expected inflation, the Fed’s response, and why buyers today can expect to pay lower premiums.
