SchiffGold Friday Gold Wrap Podcast

SchiffGold

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/

  • 15 minutes 49 seconds
    Gold Record Rise: Reaching for $2600: SchiffGold Friday Gold Wrap 9.13.2024
    Gold closed the week at $2,577 (up $82 since last week) and silver at $30.71 (up $3.18). This episode covers the cause of gold's new record high, big interest news next week, the Trump-Harris debate, and a retrospect of the year for precious metals. OTHER TOPICS DISCUSSED -Core CPI above expectations at 0.3% month-on-month -ECB lowers rates target rate to 3.5% -Banking buzz from Berkshire sales and Ally's tanking stock -Gold up 25% this year Key headlines to look out for in week ahead Quote of the Week: "I would dedicate my life to this country but I see it as being a mean life, and I also see it that somebody with strong views and somebody with the kind of views that are maybe a little bit unpopular, which may be right, but may be unpopular, wouldn't necessarily have a chance of getting elected against somebody with no great brain but a big smile and that's a sad commentary for the political process." -Donald Trump 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 above references an opinion and is for information purposes only. It is not intended to be investment advice.
    13 September 2024, 12:00 am
  • 16 minutes 29 seconds
    US Jobs Disaster?: SchiffGold Friday Gold Wrap 9.6.2024
    Gold closed the week at $2,495 (down $8 since last week) and silver at $27.89 (down about $1). This episode unwraps layers of poor jobs data, yield curve inversion and the coming recession, and what this could mean for gold and silver prices. OTHER TOPICS DISCUSSED -ADP jobs report 99k new jobs in August, short of 144k forecast -BLS non-farm payroll show disappointing increase of 142k -NYT challenge the BLS -US treasury yield inversion forewarns of recession -Should you buy at all-time highs? Key headlines to look out for in week ahead Quote of the Week: The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty." -Proverbs 21:5 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 above references an opinion and is for information purposes only. It is not intended to be investment advice.
    6 September 2024, 12:00 am
  • 13 minutes 25 seconds
    A September Sell-off?: SchiffGold Friday Gold Wrap 8.30.2024
    Gold closed the week at $2,502 (down $10 since last week) and silver at $28.83 (down about $1). This episode we discuss recent price action, the historic volatility in September and October, and economic weakness from Germany to China. OTHER TOPICS DISCUSSED -US Consumer confidence reaches 6-month high at 103.3 -Q2 GDP numbers revised upward to 3% -US jobless claims about at expectations at 231,000 -German business climate index drops to lowest level since summer 2020 -Chinese retailer Temu's parent company suffers $50b+ market cap wipeout  -Key headlines to look out for in week ahead Quote of the Week: "The four most dangerous words in investing are: 'This time it's different.'" -Sir John Templeton 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 above references an opinion and is for information purposes only. It is not intended to be investment advice.
    31 August 2024, 12:01 am
  • 14 minutes 35 seconds
    Powell Surrenders And Gold Gains: SchiffGold Friday Gold Wrap 8.23.2024
    Gold closed the week again near an all-time high at $2,512 (up $6 since last week) and silver at $29.82 (up $0.82). This episode we discuss Powell's interest rate declaration, precious metals prices, a major BLS jobs mistake, and gloom for the boomer generation. OTHER TOPICS DISCUSSED -Fed Minutes and Powell Jackson Hole Speech -Demand spikes for comex gold deliveries -BLS: Job since 2023 overstated by 818,000 -57% of S&P 500 firms miss revenue expectations -June-July US auto sales down 10% -Fed: 43% of boomers have no retirement savings Quote of the Week: "It’s not the return on my investment that I’m concerned about; it’s the return of my investment." -Will Rogers 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 above references an opinion and is for information purposes only. It is not intended to be investment advice.
    24 August 2024, 4:49 am
  • 17 minutes 15 seconds
    Gold Above $2500: SchiffGold Friday Gold Wrap 8.16.2024
    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. OTHER TOPICS DISCUSSED -Dollar hits 5-month low -July deficit reaches whopping 42.5% of federal spending -Home Depot suffers 3.6% sales decline -Luxury goods decline as doom spending rises -Anniversary of closing of gold window -Powell and Jackson Hole -Key headlines to look out for in week ahead Quote of the Week: "Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." -John Maynard Keynes The above references an opinion and is for information purposes only. It is not intended to be investment advice. 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
    17 August 2024, 12:47 am
  • 13 minutes 58 seconds
    Behind the Market Panic: SchiffGold Friday Gold Wrap 8.9.2024
    Gold closed the week at $2,430 (down $12 since last week) and silver at $27.45 (down $1.09). Last week's bad jobs news cascaded with a Japanese economic crisis resulting in a selloff across global markets. At one point the S&P dropped over 200 points and the Dow plummeted more than 1,000 points. We discuss this week's market panic, consider whether it has recovered and whether something worse looms ahead. OTHER TOPICS DISCUSSED -VIX Fear gauge hits highest level since start of COVID -Japanese stock market has worst day since 1987 -Brokerage companies have issues with outages -Iran-backed militia attacks US airbase in Iraq -Berkshire Hathaway sells $75+ billion in stocks -Key headlines to look out for in week ahead Quote of the Week: "There is no asset as secure as physical gold held in your own possession. It is not someone else's liability or promise to pay. It has no counterparty risk." -Rick Rule The above references an opinion and is for information purposes only. It is not intended to be investment advice. 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
    10 August 2024, 1:28 am
  • 16 minutes
    Terrible Jobs News Strikes Fear: SchiffGold Friday Gold Wrap 8.2.2024
    Gold closed the week at $2,442 (up $56) and silver at $28.54 (up $0.64). Terrible jobs numbers this week struck fear in the markets and in the Fed. As recession warnings flash, precious metals are up. Could they go even higher soon? OTHER TOPICS DISCUSSED -VIX Fear gague spikes above 30 -Intel down 30% and ready to cut 15,000+ jobs -Olympics pistol shooting -Fed keeps interest rates unchanged at 5.25% - 5.50% -Nonfarm payroll at 114k jobs vs. 176k expected -Trump and SEC chairman Gary Gensler Quote of the Week: In the short run, the market is a voting machine, but in the long run, it is a weighing machine." -Benjamin Graham 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
    3 August 2024, 12:47 am
  • 12 minutes 37 seconds
    GDP Gives False Optimism: SchiffGold Friday Gold Wrap 7.26.2024
    Gold closed the week at $2,387 (down $13) and silver at $27.91 (down 4.7%). This week's GDP numbers give the illusion of a strong economy. In reality, the economy remains insecure. The Fed must cut rates; the recent dip in precious metals prices is unlikely to last. OTHER TOPICS DISCUSSED -Why gold and silver prices are down this week -Record high home prices amid inflation slow sales -Consumer sentiment hits 8-month low -US stocks fall after Tesla's earnings miss -Experian: Average American debt reaches $104k -SECURE Act 2.0 reveals economic insecurity Quote of the Week: "Beware of little expenses; a small leak will sink a great ship." -Benjamin Franklin  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
    27 July 2024, 5:35 am
  • 11 minutes 29 seconds
    Just Below All-Time Highs: SchiffGold Friday Gold Wrap 7.19.2024
    Gold closed the week at $2,405 (down $5) and silver at $29.30 (down 5%). The US Federal Reserve is growing increasingly worried about the economy as recent data flash even more warning signs. Investors are rushing to gold and silver, pushing prices to all-time highs. The recent dip creates a buying opportunity, especially for silver. OTHER TOPICS DISCUSSED -Friday's global tech crash -Why small changes to interest rates cause big changes to asset prices -The Trump assassination attempt -Leading economic indicators (LEI) slide 0.2% in June, signaling slowing economy -6.6 Score in NY Manufacturing survey signals 8-month manufacturing contraction -Jobless claims rise by 243,000 (14,000 more than expected) -Builder confidence wanes: Home prices fall to seven-month low CME FedWatch tool shows September rate cut odds at 98.1% Quote of the Week: Economic freedom is the foundation of all other freedoms.”  -Frederic Bastiat 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
    20 July 2024, 5:28 am
  • 27 minutes 50 seconds
    The Man Behind Utah's $140 Million Precious Metals Fund: SchiffGold Friday Gold Wrap 7.12.2024
    Gold closed the week at $2,410 (up $19) and silver at $30.77 (down $0.43). JD and Joel interview Representative Ken Ivory, the man behind Utah's recently-passed HB 348 law. This law enables the state to invest 10% of its $1.4 billion rainy day fund into gold and silver, stored in Brinks Salt Lake City. They also unpack the big CPI news and Fed rate cut expectation. OTHER TOPICS DISCUSSED -Official June inflation data comes in below estimates (Core CPI reads 0.1%) -CME FedWatch tool shows September rate cut odds at 96% -Wholesale prices increased (PPI data at 0.2%, above 0.1% forecast) -Consumer sentiment at 8-month low due to frustration with inflation Quote of the Week: “Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.”  -Henry Kissinger 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
    13 July 2024, 3:14 am
  • 14 minutes 54 seconds
    What's Fueling Silver's Upswing: SchiffGold Friday Gold Wrap 7.5.2024
    Gold closed the week at $2,391 and silver closed up 7% at $31.20. JD and Joel explain what's beneath this massive price upswing, drill into recent US jobs reports, and ponder the hypocrisy of power-hungry politicians. OTHER TOPICS DISCUSSED -Investors give 72.5% chance of a September interest rate cut -ISM manufacturing numbers show biggest contraction since COVID -Jobs: ADP jobs report reveals 10,000 jobs less than expected; US unemployment data higher than expected (4.1% vs. 4.0%) -UK Labour Party landslide victory -Politicians who mandated masks now ban them -Vacation financing at vicious interest rates Quote of the Week: If liberty means anything at all, it means the right to tell people what they do not want to hear."​ George Orwell 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
    5 July 2024, 11:53 pm
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