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This week, gold prices pulled back by around $50 from last week’s levels, and silver dropped roughly a dollar. These movements coincided with the recent election of Donald Trump as the 47th President of the United States.
Full-time jobs are shrinking while part-time positions rise. With recession alarms blaring, the Fed only has two choices: create inflation or cause recession.
Gold closed the week at $2,495 (down $8 since last week) and silver at $27.89 (down about $1). This episode covers layers of poor jobs data, treasury yield curve inversion and the coming recession, and what this could mean for gold and silver prices.
The idea of ‘wage slavery’ unfairly compares today’s suffering job market to historical chattel slavery, using outdated 19th-century arguments to criticize modern work. This oversimplification overlooks the significant improvements in workers’ freedom and their right to work. Some will choose to work at a lower wage than accept a worse alternative.
JD and Joel discuss gold’s new record high and silver’s tear upwards, an earthquake in NYC, headline jobs numbers, and Peter’s most recent podcast.
In a recent interview, Peter Schiff was featured on Real America with Dan Ball.
The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the headline number, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.
The story of America’s job growth is more complex and nuanced than the government wants us to believe. In a world where job numbers wield significant influence over perceptions of economic health, it’s crucial to scrutinize the data—and the methods behind their presentation—closely. In his latest podcast, Peter Schiff delves into the murky waters of […]
In this week’s Friday Gold Wrap Podcast, JD and Joel discuss why gold is down today, why the Fed could replay 2008, and other market and precious metals news.
A startling disconnect as we edge closer to the 2024 general election: On one hand, so-called “experts” parade optimistic economic reports, but for the average American, the story is starkly different. In heated debates, economists squabble over whether the public is hoodwinking pollsters or if mysterious forces are at play. Our guest columnist explains how […]
In this week’s Friday Gold Wrap Podcast, JD and Joel discuss why gold is up today, “doom spending,” and other market and precious metals news.
