Gold closed the week again near an all-time high at $2,512 (up $6 since last week) and silver at $29.82 (up $0.82). This episode we discuss Powell's interest rate declaration, precious metals prices, a major BLS jobs mistake, and gloom for the boomer generation.
OTHER TOPICS DISCUSSED
-Fed Minutes and Powell Jackson Hole Speech
-Demand spikes for comex gold deliveries
-BLS: Job since 2023 overstated by 818,000
-57% of S&P 500 firms miss revenue expectations
-June-July US auto sales down 10%
-Fed: 43% of boomers have no retirement savings
Quote of the Week:
"It’s not the return on my investment that I’m concerned about; it’s the return of my investment."
-Will Rogers
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.