A New Lost Decade, JD's Farewell: SchiffGold Friday Gold Wrap 11.22.2024

Gold closed this week at $2,715 (up $153 since last week) and silver at $31.33 (up $1.10). Joel and JD discuss recent price action, 100k Bitcoin and why Goldman Sachs predict just 1% annual returns to the S&P 500 over the next decade. OTHER TOPICS DISCUSSED -Initial jobless claims came out at 213,000, beneath expectations. -Consumer sentiment remains stagnant at 71.8. -Household savings are dwindling while credit card debt is skyrocketing. -Goldman Sachs analysts predict just 1% annual returns in S&P 500 over next decade Quote: There is an old saying, If you’re not a liberal by the time you’re 22, you don’t have a heart. If you’re not a conservative by the time you’re 28, you don’t have a head. Well, a lot of 22-year-olds are buying Bitcoin, and Trump got their vote. He got their vote by pandering to their most important issue, which was getting rich off their Bitcoin – Peter Schiff 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. The above references an opinion and is for information purposes only. It is not intended to be investment advice.