December gave us another big jump in consumer prices. But despite a lot of talk about an inflation war, accommodative monetary policy remains in play. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data, Jerome Powell's Senate testimony, and Joe Biden's plan to fix rising meat prices. That story has a fun plot twist.

You can visit the show notes page here: https://bit.ly/33FkSHy

Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Hopes And Prayers Economic Policy: SchiffGold Friday Gold Wrap 01.14.22

JD and Joel discuss Peter's take on the recent bitcoin craze driven by ETF demand. Is there a limit to Bitcoin's upside? Plus, what's driving higher gold prices this week?

OTHER NEWS 

-Breaking news: Oil tops $80 per barrel
-UMichigan survey shows consumers feel gloomy about economy, pushing gold up.
-Gold is trading at $2070 (up $42 on the week)
-Silver is trading at $22.65 (down $0.14 on the week)
-Dallas Fed Manufacturing February reads -11.3
-Peter Schiff's latest podcast
-The week ahead

Quote from Milton Friedman:
"Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless."

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Gold Gains, Bitcoin Blasts Off: SchiffGold Friday Gold Wrap 3.1.24

JD and Joel discuss the new all-time highs in gold, Peter's recent podcast, the Fed's next move, and why silver is an especially good deal.

OTHER TOPICS DISCUSSED

-Gold is trading at $2178 (up $126 on the week)
-Silver is trading at $24.30 (up $1.65 on the week)
-Last Friday's Fed policy reports warned of risks to the financial sector
-Nonfarm payrolls rose 275,000 for the month topping the forecast of 198,000
-CME Fedwatch tool shows significantly increasing expectations of lower interest rates
-Peter Schiff's Podcast

Quote from Noam Chomsky:

The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum."

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Gold Reaches New All-Time High: SchiffGold Friday Gold Wrap 3.8.2024

JD and Joel discuss hotter-than-expected inflation data, Peter's recent podcast, TikTok, Twitter, and price action.

OTHER TOPICS DISCUSSED

-Gold is trading at $2155 (down $23 or about 1% on the week).
-Silver is trading at $25.17 (up $0.87 or 3.5% on the week).
-Q4 GDP grew $334 billion as national debt grew $834 billion, more than twice as much.
-US House passes bill banning Tiktok unless it is sold.
-Michael Saylor's wild Bitcoin speculation.
-Peter Schiff reaches 1 million Twitter followers.
-Peter Schiff's latest podcast.

-Quote from Hayek:
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."

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. 

Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit schiffgold.com/news.

SchiffGold on Instagram:   https://www.instagram.com/schiffgoldnews
SchiffGold on Twitter:   https://twitter.com/SchiffGold
SchiffGold on Facebook:  https://www.facebook.com/schiffgold
SchiffGold's website: https://www.schiffgold.com

Spring Inflation Blooms: SchiffGold Friday Gold Wrap 3.15.2024

JD and Joel discuss this week's Fed announcement. It caused new all-time highs in gold, but this all but confirms a coming inflation bloodbath. We also discuss ways the dollar can stay "strong" even amid high inflation.

OTHER TOPICS DISCUSSED

-Gold is trading at $2165 (up $11 or about 1% on the week).
-Silver is trading at $24.66 (up $0.51 or 2% on the week).
-Fed doubles down on 3 interest rate cuts in 2024.
-Existing home sales in Feb. reach 4.38 million (versus the expected 3.95 million).
-U.S. Leading economic indicators better-than-expected at 0.1 (versus -0.1%).
-Peter Schiff's latest podcast.

Quote from Jeffrey Tucker:

“Freedom is the foundation for all wonderful things in life.”

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.

Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit schiffgold.com/news.

SchiffGold on Instagram: www.instagram.com/schiffgoldnews
SchiffGold on Twitter: twitter.com/SchiffGold
SchiffGold on Facebook: www.facebook.com/schiffgold
SchiffGold's website: www.schiffgold.com

Fed Speaks, Inflation Spikes: SchiffGold Friday Gold Wrap 3.22.2024

JD and Joel discuss gold's breakout past the $2,200 resistance level. Higher prices are driven by a dovish Fed, weakness in the dollar, and poor economic data. This week they also discuss Peter's most recent appearance.

OTHER TOPICS DISCUSSED

-Gold is trading at $2,233 (up $78 or about 3.5% on the week).
-Silver is trading at $24.79 (up $0.31 or over 1% on the week).
-Consumer confidence dips on popular pessimism about US -economic future
-PCE inflation comes in at around expectations (0.3% vs. 0.4% expected)
-The dollar has lost a fifth of its value in just four years.
-DOJ Lawsuit against Apple
-Francis Scott Key Bridge disaster
-Peter Schiff's appearance on Anthony Scaramucci’s Show

Quote from the Book of Proverbs:
A false balance is an abomination to the Lord: but a just weight is his delight.”

TOP ARTICLES THIS WEEK

-What the Baltimore Bridge Disaster Could Mean for The Economy
-Piketty's Inequality Con
-Money Supply Dips For First Time Since November
-New Peter Schiff Interview: We're Paying the Price for Deficits
-Dollar Down 20% Since 2020, Biden Blames Greed
-CFTC CoTs Report: Managed Money Still Driving Prices

Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit schiffgold.com/news.

SchiffGold on Instagram: www.instagram.com/schiffgoldnews
SchiffGold on Twitter: twitter.com/SchiffGold
SchiffGold on Facebook: www.facebook.com/schiffgold
SchiffGold's website: www.schiffgold.com

Gold Closes Above $2200: SchiffGold Friday Gold Wrap 3.29.24

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.

OTHER TOPICS DISCUSSED

-Gold is trading at $2,329 (up $100 on the week)
-Silver is trading at $27.46 (up about 10% on the week)
-Fed governor Adriana Kugler's dovish comments push gold above $2300)
-Nonfarm payrolls come in above expectations (303,000 vs. 200,000)
-The recent spike in commodities
-Peter Schiff's recent podcast
-Alan Greenspan's affinity for Rothbard


Quote from Murray Rothbard:

It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.”

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.

SchiffGold on Instagram: www.instagram.com/schiffgoldnews
SchiffGold on Twitter: twitter.com/SchiffGold
SchiffGold on Facebook: www.facebook.com/schiffgold
SchiffGold's website: www.schiffgold.com

Earthquakes & Gold Rallies Above $2300: SchiffGold Friday Gold Wrap 4.5.2024

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.

OTHER TOPICS DISCUSSED

-Gold is trading at $2,335 (about the same as last week)
-Silver is trading at $27.91 (up about 2% on the week)
-CPI inflation data comes out at 3.5% year-on-year (exceeding the expected 3.2%)
-UMichigan Survey shows consumers gloomier than expected (77.9 vs. expected 79.3)
-Why waiting for lower spot prices might mean higher premiums

Quote from Ron Paul:
"When monetary policy destroys the currency, it always destroys the middle class.”


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.

SchiffGold on Instagram: www.instagram.com/schiffgoldnews
SchiffGold on Twitter: twitter.com/SchiffGold
SchiffGold on Facebook: www.facebook.com/schiffgold
SchiffGold's website: www.schiffgold.com

Media Silent As Gold Surpasses $2400: SchiffGold Friday Gold Wrap 4.12.2024

JD and Joel interview Dr. Charles Steele, Chairman of Economics, Business, and Accounting, at Hillsdale College. We discuss national debt, dollar default, Austrian economics, Von Mises, green energy bills, and space economics.

OTHER TOPICS DISCUSSED

-Gold is trading at $2,392 (up $57 since this time last week)
-Silver is trading at $28.66 (up about 3% on the week)
-Powell admits "lack of further progress" with inflation
-S&P 500 down 3% since this time last week
-NY Manufacturing down for the fifth straight month

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.

SchiffGold on Instagram: www.instagram.com/schiffgoldnews
SchiffGold on Twitter: twitter.com/SchiffGold
SchiffGold on Facebook: www.facebook.com/schiffgold
SchiffGold's website: www.schiffgold.com

Top Hillsdale Economist Warns of US Default: SchiffGold Friday Gold Wrap 4.19.2024

JD and Joel unpack Peter's latest podcast and the economy's current path toward stagflation. We look at this week's price action, macroeconomic data, dragons, Jordan Peterson and gold.

OTHER TOPICS DISCUSSED

-Gold is trading at $2,337 (up $55 since this time last week)
-Silver is trading at $27.20 (down about 5% on the week)
-CME Fedwatch tool slates the Fed to lower rates first in November
-Q1 GDP came out at just 1.6% (versus the expected 2.2%)
-Core PCE (year-over-year) came out higher than expected at 2.8% 

Quote of the week from Jordan Peterson:
 If you run from the things you are afraid of, you run from exactly what you need to find. Dragons hoard gold because the thing you most need is always to be found where you least want to look.

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.

SchiffGold on Instagram: www.instagram.com/schiffgoldnews
SchiffGold on Twitter: twitter.com/SchiffGold
SchiffGold on Facebook: www.facebook.com/schiffgold
SchiffGold's website: www.schiffgold.com

Economy Is Barreling Toward Stagflation: SchiffGold Friday Gold Wrap, 4.26.24

Joel and JD unravel the shocking economic turmoil of the week, spotlighting the catastrophic collapse of Republic First Bank, alarming jobs data, and Powell's foreboding speech. With the Fed confessing anxiety about inflation and pulling rate cuts off the path, it's now clear: we're in dangerous territory with no guard rails in sight!

OTHER TOPICS DISCUSSED

-Gold is trading at $2,302 (down $35 since this time last week)
-Silver is trading at $25.60 (down about $0.65 on the week)
-Economy adds 175,000 jobs in April (25,000 less than expected)
-Unemployment rises to 3.9%

Quote of the week from Ron Paul:

If people think the gold price up and down is a reflection of something wrong with gold, no - I say it is something wrong with the dollar.

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.

SchiffGold on Instagram: www.instagram.com/schiffgoldnews
SchiffGold on Twitter: twitter.com/SchiffGold
SchiffGold on Facebook: www.facebook.com/schiffgold
SchiffGold's website: www.schiffgold.com

The Guard Rails Are Off!: SchiffGold Friday Gold Wrap May 3, 2024

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week's precious metals news with some thoughtful commentary. For more, visit schiffgold.com/news/

Hopes And Prayers Economic Policy: SchiffGold Friday Gold Wrap 01.14.22

SchiffGold

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