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POSTED ON February 26, 2021  - POSTED IN Friday Gold Wrap

Jerome Powell was on Capitol Hill this week (at least virtually) to talk to Congress. During his two days of testimony, the Fed chair insisted that there is no inflation. In fact, he claimed it will take years for the central bank to reach its 2% target. SchiffGold Friday Gold Wrap podcast host Mike Maharrey says Powell is lying. But if you listen closely and read between the lines, you can dig a bit of truth out from the lies.

POSTED ON February 24, 2021  - POSTED IN Key Gold Headlines

Some policy shifts recently announced by the Indian government in its Union Budget will likely have a positive impact on the country’s gold market. India ranks as the second-largest gold-consuming country in the world, second only behind China.

The three key policy changes that will likely affect the gold market are:

POSTED ON February 23, 2021  - POSTED IN Key Gold Headlines

Is Jerome Powell the most dovish Fed chair yet?

Peter Schiff said he wasn’t when he first took the position and was raising interest rates. But he is now. The minutes from the January FOMC meeting released last week bear this out.

“We’re all doves now. That is the problem, the Fed gets progressively more dovish,” Peter said in a recent podcast.

POSTED ON February 21, 2021  - POSTED IN Key Gold Headlines

A bill introduced in the Kansas House would recognize gold and silver specie as legal tender and repeal all taxes levied on it. The legislation would pave the way for Kansans to use gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.

POSTED ON February 19, 2021  - POSTED IN Fun on Friday

If you are a longtime follower of SchiffGold news, you may recall that back in 2016, a piano tuner in Shropshire England discovered 13 pounds of gold stashed inside a piano. At the time, I said the story should be filed under the category of “worst places to store your gold.” I haven’t changed my mind on that, by the way.

Anyway, this week, there was a story about this find that updates some of the details.

POSTED ON February 19, 2021  - POSTED IN Friday Gold Wrap

The Federal Reserve released the minutes from its January meeting this week. It featured some pretty thick Fed-speak. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey translates and tells you what the Fed is telling you about inflation. He also talks about why he thinks gold and silver are both struggling in an economic environment that should be bullish for precious metals.

POSTED ON February 15, 2021  - POSTED IN Peter's Podcast

Last week, Federal Reserve Chairman Jerome Powell said he wasn’t worried at all about inflation. But there are signs that inflation is heating up everywhere, from surging commodity prices to rising bond yields. In his podcast Friday (Feb 12) Peter Schiff talked about increasing inflation and the unreasonable expectations Wall Street has when it comes to the Fed’s willingness or ability to do anything about it.

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