Gold and Governments Move in Right Direction: SchiffGold Friday Gold Wrap June 21 2024
Gold closed this week slightly down but remains up 12.5% year-to-date. Silver is up 25% year-to-date. This week's political news show governments around the world moving right and central banks adding on more gold.
OTHER NEWS
-Japanese Norinchukin bank expects loss of $9.5 billion
-India's Nifty 50 stock index outperforms S&P 500
-Weakening US-Saudi Petrodollar agreement
-Gold Surpasses Euro in Global Reserves
-Short Selling Banned in South Korea
Quote of the Week:
"It doesn't matter when the Fed cuts interest rates. The economy will weaken and inflation will strengthen regardless of the timing of the cuts. What's important is that interest rates are still too low and government spending is still excessive. High inflation is here to stay! "
-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.
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
OTHER NEWS
-Japanese Norinchukin bank expects loss of $9.5 billion
-India's Nifty 50 stock index outperforms S&P 500
-Weakening US-Saudi Petrodollar agreement
-Gold Surpasses Euro in Global Reserves
-Short Selling Banned in South Korea
Quote of the Week:
"It doesn't matter when the Fed cuts interest rates. The economy will weaken and inflation will strengthen regardless of the timing of the cuts. What's important is that interest rates are still too low and government spending is still excessive. High inflation is here to stay! "
-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.
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
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