The yield on the 10-year Treasury hit its highest level in seven years this week. In other words, interest rates are going up. This isn't good news in a world flooded with debt. But most of the mainstream still seems pretty unconcerned, especially Trump supporters. They're convinced the president has fixed the economy. Unfortunately, they don't understand all of the dynamics and they are tripping down a primrose path to ruin. It's not all about tax cuts. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey offers a simple seven-point breakdown of what's actually going on. He also covers the latest in gold demand news and tells you about another country that is buying gold.

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