SchiffGold Friday Gold Wrap Podcast SchiffGold

In light of the recent pullback and low premiums, now is a unique opportunity to buy silver with prices 40% below their historic highs. JD and Joel also discuss the cause of the price pullback this week, the shocking Berkshire's stock price fumble, and the 8-figure-fortunes of a GameStop day-trader.

OTHER TOPICS DISCUSSED
-Gold is trading at $2,294 (down $33 since last week's close)
-Silver is trading at $29.16 (down $1.21 since last week's close)
-ADP employment below expected but BLS employment came out 82,000 jobs above expected, delaying expectations of a Fed rate cut
-AI falsely reports 99.73% drop in Berkshire Hathaway stock price

Quote of the week from Peter Lynch:

Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.

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

As silver holds above $30 per oz, Joel and JD discuss disastrous Chicago manufacturing, Howard Marks, Trump's conviction, and the current shortage in platinum.

OTHER TOPICS DISCUSSED
-Gold is trading at $2,327 (down $7 since last week's close)
-Silver is trading at $30.37 (up $0.04 since last week's close)
-Chicago PMI at lowest level since COVID (35.4 vs 40.8 expected)
-Legendary investors fear US equities are in a bubble
-Trump's conviction moves (betting) markets

Quote of the week from Peter Lynch:
"The person that turns over the most rocks wins the game."

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

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