Biden's Super Bowl Blunder: SchiffGold Friday Gold Wrap 2.16.24
Here is why gold is down this week, Peter Schiff's best takes on Biden's Super Bowl shrinkflation ad and Joel's thoughts on "the best time" to sell gold.
OTHER TOPICS DISCUSSED
-Gold traded Friday morning at $2,000/ounce (-$27 weekly)
-Silver traded Friday morning at $22.83/ounce (+$0.25 weekly)
-January inflation comes in at 0.3% or an annualized rate of 3.7%
-US producer prices (PPI) rise the most in 5 months
-What Biden gets backward about inflation and shrinkflation
-The week ahead:
Quote from Frederic Bastiat:
"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone."
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 schiffgold.com/news.
OTHER TOPICS DISCUSSED
-Gold traded Friday morning at $2,000/ounce (-$27 weekly)
-Silver traded Friday morning at $22.83/ounce (+$0.25 weekly)
-January inflation comes in at 0.3% or an annualized rate of 3.7%
-US producer prices (PPI) rise the most in 5 months
-What Biden gets backward about inflation and shrinkflation
-The week ahead:
Quote from Frederic Bastiat:
"Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone."
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 schiffgold.com/news.
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