August 16, 2024・Friday Gold Wrap
Gold Above $2500: SchiffGold Friday Gold Wrap August 16 2024
Gold closed the week near a new all-time high at $2,506 (up $76 since last week) and silver at $29.00 (up $1.55). We discuss gold prices, the strong PPI and inflation data, why the deficit situation is even worse than it seems, and whether the Fed will be forced to return to QE.