SchiffGold Friday Gold Wrap Podcast SchiffGold

Silver broke $30 per ounce and gold $2,500 this past week. Joel and JD unpack the recent breakout and Peter Schiff's analysis, and what to look out for in the leg up.

OTHER TOPICS DISCUSSED

-Gold is trading at $2,334 (down $80 since this time last week)
-Silver is trading at $30.30 (down $1.20 since this time last week)
-Death of Iranian president
-New home sales dip below expectations
-The value of Junk Silver

Quote of the week from Ronald Reagan:

If words cannot repay the debt we owe these men, surely with our actions we must strive to keep faith with them and with the vision that led them to battle and to final sacrifice.

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

Gold and silver are up again this week and poised to sail away once the Fed lowers interest rates. Joel and JD discuss recent price action, meme stocks, Fed policy, and what to look out for before prices rise further.

OTHER TOPICS DISCUSSED

-Gold is trading at $2,376 (up $16 since this time last week)
-Silver is trading at $29.59 (up $1.45 since this time last week)
-BLS Inflation figures for April below expectation (0.3% vs. 0.4% expected)
-Meme stocks are on the rise; Game stop and AMC up nearly 4x and 3x, respectively.

Quote of the week from Charlie Munger:

A lot of people with high IQ’s are terrible investors, because they have terrible temperaments.

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

With mother's day around the corner, gold is up almost $60 on the week after bad jobs numbers and terribe consumer sentiment sours economic expectations. The Fed is more likely to lower interest rates sooner, but it's too late to save the economy from the inflation to come.

OTHER TOPICS DISCUSSED

-Gold is trading at $2,360 (up $58 since this time last week)
-Silver is trading at $28.14 (up $1.60 since this time last week)
-Jobless claims rise 22,000 to 231,000, well above expectations
-UMich consumer sentiment dips to 67.4, a one-month decline of 12.7%

Quote of the week from Mises:

The classical or orthodox gold standard alone is a truly effective check on the power of the government to inflate the currency. Without such a check all other constitutional safeguards can be rendered vain.

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

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

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

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