Gold closed the week at $2,621 (up $43 since last week) and silver at $31.15 (up $0.44). This episode explains in-depth the massive Fed interest rate cut announcement. A new phase of higher inflation and metal prices begins now.
OTHER TOPICS DISCUSSED
-Global central banks target lower rates
-Leading indicators for US Economy sink 0.2% in August
-Monthly Jobless claims fell modestly (219,000 vs. 229,000 expected)
-Amazon and Walmart change to adopt to government anti-trade order
-Key headlines to look out for in week ahead
Quote of the Week:
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value"
-Alan Greenspan
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
The above references an opinion and is for information purposes only. It is not intended to be investment advice.