Gold closed the week at $2,391 and silver closed up 7% at $31.20. JD and Joel explain what's beneath this massive price upswing, drill into recent US jobs reports, and ponder the hypocrisy of power-hungry politicians.
OTHER TOPICS DISCUSSED
-Investors give 72.5% chance of a September interest rate cut
-ISM manufacturing numbers show biggest contraction since COVID
-Jobs: ADP jobs report reveals 10,000 jobs less than expected; US unemployment data higher than expected (4.1% vs. 4.0%)
-UK Labour Party landslide victory
-Politicians who mandated masks now ban them
-Vacation financing at vicious interest rates
Quote of the Week:
If liberty means anything at all, it means the right to tell people what they do not want to hear."​ George Orwell
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