SchiffGold Friday Gold Wrap Podcast SchiffGold

Imagine a bedroom. It looks clean and safe, but there is a monster under the bed that nobody notices. As host Mike Maharrey explains in this episode of the Friday Gold Wrap, that's basically the condition of the US banking system right now. It appears "sound," but a closer look reveals a financial crisis is still bubbling under the surface. He also talks about the recent run-up in the price of gold.

You can visit the show notes page here: https://bit.ly/47SiWXG

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.

TOPICS DISCUSSED

- A monster under your bed
- Gold holds above $2,000
- Deutsche Bank predicts bigger Fed rate cuts in 2024
- US Banks suffer big unrealized losses in Q3
- Balances in the Fed's bank bailout program suddenly spiked in November

Did you know Thanksgiving almost didn't happen thanks to the Pilgrims' experiment with socialism? It didn't work. Fortunately, they figured out some economic truths and the rest is history. In this episode of the Friday Gold Wrap, host Mike Maharrey tells the Thanksgiving story you almost certainly didn't hear in school. He also explains why today is called Black Friday.

You can visit the show notes page here: https://bit.ly/3QWwafp

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.

TOPICS DISCUSSED

- Why is this "Black" Friday?
- Gold takes another run at $2,000
- The shrinkflation problem
- The CPI formula is messed up
- How socialism nearly killed the Pilgrims

Everybody seems convinced that the Federal Reserve has won the inflation fight, there will be no more rate hikes, and rate cuts are right around the corner. But as Friday Gold Wrap host Mike Maharrey reminds us, it's not over until the fat lady sings. And she hasn't sung a note. In this episode, he breaks down the latest CPI data and explains why the victory dance might be premature.

You can visit the show notes page here: https://bit.ly/49Jm1Lu

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.

TOPICS DISCUSSED

- CPI comes in slightly cooler than expected
- The market's gleeful reaction to the CPI data
- Three reasons the war on inflation victory dance might be premature
- The US government kicks off fiscal 2024 with another big deficit
- Interest was the second-biggest expense for the federal government last month

Mainstream pundits and government officials keep talking about the strong economy and resilient consumers while ignoring what's driving them - borrowing. To listen to them, you would think the road to prosperity is paved with credit cards. In this episode of the Friday Gold Wrap host Mike Maharrey breaks down the recent household debt data and explains why this isn't the sign of a strong economy. He also highlights some interesting silver demand news.

You can visit the show notes page here: https://bit.ly/3QwuIA7

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.

TOPICS DISCUSSED

- You don't borrow your way to prosperity
- Household debt at record levels
- Delinquency levels on the rise
- An overview of the week's gold price action
- Silver demand expected to grow in three major sectors
- Silver is underpriced based on supply-demand dynamics

Federal Reserve Chairman Jerome Powell said he's not confident interest rates are high enough to slay price inflation. He also said he's not confident they aren't. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey wonders out loud why we should have any confidence if Powell doesn't. Along the way, he breaks down the November Fed meeting and talks about the "colossal" year for central bank gold buying.

Visit the show notes page here: https://bit.ly/3tWz2Rv

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.

TOPICS DISCUSSED

- Jerome Powell isn't confident
- The Fed maintains the status quo
- Is the economy really "too strong?"
- Market reaction to the Fed meeting
- Central banks on track for record gold buying year
- Gold hits stiff resistance at $2,000

When it comes to economic data, context matters. In this episode of the Friday Gold Wrap, host Mike Maharrey explains how the Fed, many mainstream economists, and financial network talking heads get a lot wrong because of bad data, shoddy economic frameworks, and ignorance of history. Along the way, he covers the GDP and the latest price action for gold.

You can visit the show notes page here: https://bit.ly/3FyCkwR

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.

TOPICS DISCUSSED

- Economic data needs economic context
- Some common sense would be nice
- How the CPI formula understates healthcare costs
- Q3 GDP comes in strong
- Is the consumer really "resilient?
- Comparing 2007 with today
- Gold knocks on the door of $2,000
- Chinese gold demand is hot