BRICS and Bank Failures: SchiffGold Friday Gold Wrap 10.25.2024
Gold closed this week at $2,746 (up $24 since last week) and silver at $33.69 (about the same). What could the second US bank failure of 2024 and the global BRICS Summit mean for gold and silver?
OTHER TOPICS DISCUSSED
-US Leading economic indicators fell by 0.5% in September
-Citibank and Goldman Sachs analysts warn of slower growth
-ECB Hints at continued Eurozone rate cuts
-Bank of Canada lowers interest rates to 3.75%
-IMF downgrades global growth forecast
-OCC shuts down First National Bank of Lindsay
-CME tightens margin requirements on gold and silver
Key headlines for next week
Quote of the Week:
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
- Henry Ford
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 an
OTHER TOPICS DISCUSSED
-US Leading economic indicators fell by 0.5% in September
-Citibank and Goldman Sachs analysts warn of slower growth
-ECB Hints at continued Eurozone rate cuts
-Bank of Canada lowers interest rates to 3.75%
-IMF downgrades global growth forecast
-OCC shuts down First National Bank of Lindsay
-CME tightens margin requirements on gold and silver
Key headlines for next week
Quote of the Week:
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
- Henry Ford
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 an
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