Gold Nears $2,800 New All Time High: SchiffGold Friday Gold Wrap 11.1.2024
Gold hit an all-time high of nearly $2,800 this week, closing at $2,735 (down $11 since last week) and silver at $32.44 (down $1.25). JD and Joel discuss gold's new all-time high, how economic weakness, elections, and central bank moves are impacting demand for gold and silver.
APPROXIMATE TIMESTAMPS
00:00 - Introduction and Seasonal Reflections
02:23 - Economic Data Overview
06:43 - Market Reactions and Predictions
10:55 - Gold's Performance and Central Bank Strategies
15:42 - Understanding Intrinsic and Melt Value
20:38 - Looking Ahead: Upcoming Economic Indicators
Quote of the Week:
The fundamental problem is that, while we might wish to delegate all problems to government, there are many which the government is simply incapable of solving. A government can enforce rules and provide a framework within which people can work together, but it can neither foresee nor direct all of the effects of individual choices within the market.”
- Friedrich Hayek
The SchiffGold Friday Gold Wrap pod
APPROXIMATE TIMESTAMPS
00:00 - Introduction and Seasonal Reflections
02:23 - Economic Data Overview
06:43 - Market Reactions and Predictions
10:55 - Gold's Performance and Central Bank Strategies
15:42 - Understanding Intrinsic and Melt Value
20:38 - Looking Ahead: Upcoming Economic Indicators
Quote of the Week:
The fundamental problem is that, while we might wish to delegate all problems to government, there are many which the government is simply incapable of solving. A government can enforce rules and provide a framework within which people can work together, but it can neither foresee nor direct all of the effects of individual choices within the market.”
- Friedrich Hayek
The SchiffGold Friday Gold Wrap pod
Activity