A New Inflation Phase: SchiffGold Friday Gold Wrap September 20 2024
Gold closed the week at $2,621 (up $43 since last week) and silver at $31.15 (up $0.44). This episode explains in-depth the massive Fed interest rate cut announcement. A new phase of surging inflation and higher metals prices begins now.
OTHER TOPICS DISCUSSED
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- Global central banks target lower rates
- Leading indicators for US Economy sink 0.2% in August
- Monthly Jobless claims fell modestly (219,000 vs. 229,000 expected)
- Amazon and Walmart change to adopt to government anti-trade order
- Key headlines to look out for in week ahead
Quote of the Week:
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value”
-Alan Greenspan
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- Powell’s Cut Signals Recession Is Coming
- The Case for Free Market Economics in Space Exploration
- Schiff on Fox Business: Inflation Ain’t Dead Yet
- Peter Schiff: Fed Announces More Price Controls
- Schiff on Impact Theory: Inflation is an Intentional Tax
- Peter Schiff: Gold Soars Before Inflation Resumes
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.
