SchiffGold Friday Gold Wrap Podcast: Recent Episodes
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The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week's precious metals news with some thoughtful commentary. For more, visit schiffgold.com/news/
at 2%.Gold closed the week at $4,508 with silver at $75.39, both pressured by rising bond yields — with the 30-year still above 5% and the 10-year above 4.5%. Schiff argues these pullbacks are buying opportunities as real rates continue to collapse. Bitcoin dropped below Michael Saylor's $75,700 average cost basis for the first time, meaning five years and $64 billion of buying has produced zero return — while the Stretch preferred stock continues to compound an 11.5% annual obligation regardless. Schiff dissects Trump's lies about job creation, tariff benefits, government spending cuts, and the claim that fired federal workers are now earning double or triple in the private sector.
PPI hit 6%, yields hit 19-year highs, and gold dropped 4%. Traders are selling on the most bullish data gold has ever seen.Gold fell 4% and silver dropped 10.5% on the week despite the most bullish inflation data in years. Peter Schiff explains why traders have it exactly backwards: April PPI surged 1.4% month-over-month — nearly the entire 2% annual target in a single month — pushing producer prices to 6% year-over-year. Core PPI tripled expectations at 1.0%, annualizing to 12.5%. Import prices jumped 1.9% on the month, proving Americans are paying every cent of the tariffs, while export prices exploded 3.3%, signaling internal US inflation pressure across the board.The 30-year Treasury yield closed at 5.12%, a 19-year high, while the 10-year hit 4.59%. Algorithms are selling gold because they see rising yields as bearish — but Schiff argues they're completely missing that real interest rates are collapsing because inflation is rising faster than nominal rates. The Fed's easing bias in the face of 6% PPI is itself a form of monetary easing. Oil closed at $105 with no end to the Iran war in sight, Bitcoin is down 12.5% year-to-date, and the AI/crypto bubble is one bond market shock away from popping. Schiff's call: back up the truck on gold, silver, and mining stocks while traders are giving them away.
CPI triples to 0.9%, consumer sentiment hits an all-time low, and the Fed is quietly running QE — stagflation isn't coming, it's here.Gold ended the week at $4,745 with silver at $75.76 and mining stocks up 5%, all buoyed by the Taco Tuesday ceasefire that sent markets surging mid-week. Peter Schiff argues the ceasefire is a win for Iran and that Trump was looking for a way out of threats he could never carry out — but the real story is the inflation data.March CPI came in at 0.9% month-over-month, tripling February's reading and pushing year-over-year inflation to 3.3%. The Fed's balance sheet has quietly expanded by nearly $200 billion in 2026 — quantitative easing in everything but name. Q4 GDP was revised down to 0.5%, making 2025's full-year growth just 2.1% — lower than any year under Biden. Consumer sentiment plunged to 47.6, the lowest reading in the history of the survey. Schiff connects the dots: M2 money supply growing at 5%, a proposed 50% defense budget increase, and a Fed that will be forced to cut rates regardless of inflation all point to a stagflation environment where gold and silver are headed substantially higher.
Peter Schiff reviews a volatile week in markets, arguing gold and silver likely put in a bottom after briefly breaking prior lows and closing higher. He contrasts that with major stock indexes sliding deeper into correction territory, which he says could turn into a bear market if the war drags on. Schiff focuses on oil as the key driver, tying price spikes to bond selloffs, rising Treasury yields, and renewed inflation pressure.He criticizes shifting public messaging around the conflict and argues the economic and political costs will force an eventual endgame driven more by markets than diplomacy. Schiff also challenges the “Bitcoin as digital gold” narrative, pointing to Bitcoin’s weakness versus gold and warning of a sharper breakdown if key levels fail.He closes by framing larger deficits, money printing, and policy responses as structurally bullish for precious metals, while warning that higher yields and inflation could stress housing, stocks, and the dollar.
Peter Schiff explains why gold’s worst week since 1983 could be the best buying opportunity yet as inflation, war, and housing risks mount.Peter Schiff argues that the sharp collapse in gold and silver is being misread by traders who still believe hotter inflation and tougher Fed talk are bearish for precious metals. He says the real signal is the opposite: producer prices are reaccelerating, oil is surging because of the Iran war, the Fed is trapped, and real interest rates are set to fall as inflation outruns any politically tolerable rate response.He also links the selloff to a broader macro breakdown, including rising Treasury yields, a weakening labor market, an overvalued housing market, looming trouble for Fannie Mae and Freddie Mac, expanding war deficits, and renewed money printing ahead. Schiff’s view is that the current pullback in gold, silver, and mining stocks is not the end of the bull market, but a rare buying opportunity before stagflation, de-dollarization, and a deeper dollar crisis push precious metals much higher.
Gold falls as war drives oil higher, but Peter Schiff says stagflation, deficits, and a weaker dollar are setting up gold’s next major surge.Peter Schiff explains why the latest pullback in gold, silver, and mining stocks is not a sign that the bull market is over, but a temporary reaction to rising oil prices, higher bond yields, and a stronger dollar. He argues that markets are focusing too narrowly on delayed Fed rate cuts while missing the bigger picture: war-driven deficits, stubborn inflation, a weakening economy, and mounting pressure on the Federal Reserve to eventually monetize even more debt.He also breaks down soft GDP growth, rising PCE inflation, weakness in housing, and what he sees as the widening gap between Trump’s economic claims and the underlying data. Schiff’s core thesis is that stagflation, war spending, and long-term dollar weakness remain strongly bullish for gold and silver, while the current selloff is creating another buying opportunity.
Peter discusses the Iran war, the market reaction in gold and silver, the plunge in mining stocks, the surge in oil, Bitcoin’s dead-cat bounce, weak jobs data, rising inflation risks, the coming recession, de-dollarization, and why he believes this selloff is an opportunity to buy, not a reason to panic.
Gold just hit its highest monthly close ever at $5,278—up 21.5% in just two months—while Bitcoin crashes 27% and the stock market barely moves, proving precious metals are where the real money is flowing as central banks accelerate their de-dollarization strategy.
Gold just broke above $5,100 — and almost no one is talking about it.While politicians argue over tariffs, the real story is accelerating stagflation. GDP growth collapsed from 4.4% to 1.4%. Core PCE inflation is rising again. The Fed is openly debating rate cuts while inflation runs 50% above target.
The Dow Jones just closed above 50,000 for the first time ever – but is that really something to celebrate?In this live Friday Gold Wrap, Peter Schiff explains why the Dow’s milestone is meaningless when measured in real terms. Priced in gold, the Dow has lost roughly 75% of its value since 1999. Inflation, not prosperity, is driving asset prices higher, masking a deep affordability crisis caused by government spending and monetary expansion.
Gold and silver just experienced one of the most violent paper selloffs in history—but does it actually change the bull market? In this special Sunday night edition of the Schiff Gold Market Wrap, Peter Schiff explains why this crash was driven by coordinated futures selling, not fundamentals, and why it represents an opportunity rather than a turning point.
In this Schiff Gold Friday Market Wrap, Peter Schiff breaks down the explosive start to 2026 for precious metals after a historic 2025: gold surged, silver and platinum ripped higher, and mining stocks finally confirmed the bull market by outperforming the metals. Peter explains why this is no longer “just a gold story,” why silver’s breakout likely reset support far above the old $50 ceiling, and why miners still look cheap despite massive gains.
Silver just did the unthinkable: it blew through $100 and closed around $102.50—an all-time record high. Gold is right behind it near $4,980, and Peter Schiff expects the $5,000 level to break soon (possibly Sunday night when global markets open).
Gold and silver just posted historic record highs, and Wall Street is still asleep.In this week’s Schiff Gold Friday Market Wrap, Peter Schiff breaks down the biggest one-day dollar rally in gold history, silver’s surge above $90 an ounce, and why recent volatility is consolidation at extreme highs — not a top.
The Federal Reserve claims quantitative easing is over — but this week proved otherwise.In this SchiffGold Friday Market Wrap, Peter Schiff explains why the Fed’s new Treasury-buying program is QE in everything but name, and why this shift is already sending gold and silver sharply higher. Despite rate cuts, long-term yields are rising, the dollar is weakening, and inflation pressures are building again.Gold closed the week above $4,300, silver surged past $60, and mining stocks are now confirming the bull market. Meanwhile, Bitcoin continues to lag as real money takes center stage.Peter breaks down:Why the Fed had to restart QEWhy bond yields are rising anywayWhy inflation is not going back to 2%Why gold, silver, and miners are leading the next leg higherWhy waiting for “the dip” is a mistakeIf you’re still sitting on the sidelines, this is the week that changed everything.
Peter Schiff presents his 'Friday Gold Market Wrap,' starting with a reflection on Thanksgiving and an unexpected but critical analysis of gold and silver markets. Despite intentions to skip the wrap, the dramatic movements in gold and silver prices warranted attention. Schiff highlights record highs in silver, mentioning silver's substantial year-to-date increase of 95% and anticipating it could reach $100 an ounce next year. Gold also showed significant gains, with predictions of surpassing $5,000 next year. Schiff affirms his long-term bullish stance on silver outperforming gold, urging investors to buy both metals. He also discusses the impressive performance of gold and silver mining stocks, which are now gaining traction over crypto investments. Emphasizing the bullish environment for precious metals, Schiff underscores the importance of purchasing gold and silver as strategic investments, particularly during the holiday season.
Peter Schiff says this week marks a major unraveling of risk assets. After Nvidia’s earnings spark a brief bump, tech, AI, and especially crypto collapse. Bitcoin plunges and crypto-linked stocks get wiped out, showing the bubble is deflating fast unless Trump bizarrely bails it out.Gold and silver stay firmly above key levels ($4,000 and $50) despite volatility, proving the bull market is intact. Schiff highlights Asian buying, a weakening yen carry trade, and the possibility of Japan dumping Treasuries—adding pressure to U.S. markets.He argues 2026 will bring huge institutional and retail rotation into gold, with central banks already leading the way. With crypto and tech breaking down, Schiff says the only bull market still standing is precious metals, and the move is just beginning.
Wild week for precious metals: despite violent intraday swings, gold still closed up ~2.2% around $4,080 and silver up ~4.7% above $50—with silver briefly tagging $54+ overnight. The key: $4,000 is acting as gold’s new floor (just like $3,000 became the new $2,000), and $50 is emerging as support for silver. Meanwhile, risk is coming off across markets: NASDAQ down ~4–5%, Treasuries selling (yields up), and crypto cracked back below 100K. Capital is rotating toward real safe havens and cash-generating miners.In this wrap: Asian session buying vs U.S. session selling, why the biggest drops happen late-week, how Fed indecision + sticky inflation support metals, and why policy gimmicks (tariff “dividends,” selective tariff cuts, attacks on producers, mortgage backstops) are bullish for gold in the real world. I also cover gap-up risk into Sunday night/Monday, and why the miners’ earnings torque is still being mispriced.
In this episode of Schiff Gold Friday Market Wrap, hosted by Peter Schiff, the focus is on the latest developments in the gold and silver markets as Halloween approaches. Schiff discusses the recent scare that shook gold and silver investors, particularly those in mining stocks, who experienced a sharp decline after a period of bullish sentiment. He explores the concept of mainstream investors entering the gold market and emphasizes the natural corrections in a bull market that eliminate weaker players. Schiff details gold’s price action, noting a recent drop from nearly $4,400 to around $4,000, which he identifies as a support zone. He also highlights silver's similar trajectory, with prices correcting below $50 after breaking through this level. Schiff introduces a new initiative on the Schiff Gold website, promoting the TGold platform that allows users to trade, store, and eventually transact in gold and silver. He elaborates on the development of debit and credit cards linked to gold accounts and the broader vision of creating a gold-based monetary system that offers a secure, valuable alternative to fiat currencies. Schiff underscores the importance of converting and saving in gold to protect purchasing power against inflation. Additionally, he touches on the Federal Reserve's recent rate cut and how it affects market dynamics. Closing with plans for further enhancements to the platform, Schiff invites listeners to join the movement towards a self-imposed gold standard.
Peter Schiff presents a detailed analysis of the precious metals market in this week's Schiff Gold Friday wrap-up. He highlights a historic week for gold and silver, noting gold's record high surpassing $4,000 and silver's rise above $50. Schiff discusses the market's reaction to these increases, the nervousness of investors, and the subsequent stock sell-offs, emphasizing the strength of precious metals as safe-haven assets compared to Bitcoin. He attributes the current volatility to geopolitical tensions, specifically Trump's new tariffs on China and the resulting impacts on various markets, including a significant drop in Bitcoin. Schiff emphasizes the enduring value of gold and silver as stores of wealth and critiques media narratives that downplay these commodities' importance. He advises immediate investment in precious metals before further price hikes, anticipating continued upward trends fueled by global economic concerns and investor behavior. Lastly, Schiff urges viewers to subscribe to his YouTube channels for more insights.
Join Peter Schiff for this week’s Schiff Gold Friday Market Wrap as gold and silver reach new record highs! Discover why gold closed just below $3,900 and silver hit a 14-year high, and what these moves mean for investors. Peter breaks down the latest trends in precious metals, mining stocks (GDX, GDXJ), and the impact of inflation, central banks, and the ongoing government shutdown.
Peter Schiff presents the SchiffGold Friday market wrap, where he delves into the significant movements in the precious metals market, particularly gold and silver. Emphasizing the importance of timely investments, Schiff highlights the dramatic price increases in gold and silver, urging immediate purchases before further spikes. He discusses the newfound bullish stance of Wall Street on precious metals, the extraordinary performance of gold and silver mining stocks, and the broader implications of continued inflation on these assets. Schiff also touches on the economic strategies of central banks and the Trump administration, forecasting continued high inflation and the resulting benefits for precious metals. He concludes by encouraging viewers to subscribe to his channels for ongoing insights and to make purchases through SchiffGold.
In this episode of the Schiff Gold Friday Market Wrap, Peter Schiff reviews a week of significant volatility in the precious metals markets. Key highlights include the FOMC meeting, quadruple witching day, and impressive gains in gold and silver. Gold rose by 1.1%, closing near $3,685, while silver surged 2.8% in a single day, ending the week 1.8% higher. Gold and silver mining stocks outperformed, with the GDX and GDXJ indices achieving remarkable gains. Schiff discusses the impact of the Federal Reserve's rate cuts on gold and other markets, emphasizing the bullish outlook for precious metals. He also covers notable financial developments, such as Morgan Stanley's updated 60/40 portfolio to include gold, signaling a potential shift away from US Treasuries. Schiff encourages viewers to invest in gold and silver now, ahead of further market movements, and highlights the long-term bullish prospects for precious metals and mining stocks. Subscribe for more insights and recommendations.
In this week's Schiff Gold Friday Market Wrap, Peter Schiff delves into the significant rise in precious metals, noting that gold closed the week around $3,643 and silver at $42.16, marking new highs. Schiff emphasizes that gold and silver remain undervalued when adjusted for true inflation, urging investors to act swiftly. He criticizes the Federal Reserve's anticipated rate cuts amidst rising inflation and a weakening labor market, predicting dire consequences for the dollar's value and long-term interest rates. Schiff warns of impending stagflation and advocates for investing in precious metals. The episode critically assesses government labor reports and Trump’s influence on the Fed, underscoring the urgency of buying gold and silver now before prices escalate further.
Gold just traded above $3,600 for the first time ever, and silver is surging past $41! In this short Shift Gold Friday Market Wrap, Peter Schiff breaks down the incredible gains this week: - Gold up 37% YTD, silver up 41%- Gold mining stocks doubled – GDX +100% YTD- Why the dollar is collapsing and precious metals are soaring- Why buying now is crucial before the next gap upPeter highlights the key catalysts behind this leg of the bull market and why the fourth quarter could be the strongest yet. Don’t wait for Monday – the highs keep moving, and dollars keep losing value.
💥 Dollar Crashing? Gold Soaring! Here’s What You Need to Know.Peter Schiff breaks down why the U.S. economy is heading for stagflation, the dollar is tanking, and inflation is on the rise. Learn why gold, silver, and gold stocks could be your best move right now.
💥 Dollar Crashing? Gold Soaring! Here’s What You Need to Know.Peter Schiff breaks down why the U.S. economy is heading for stagflation, the dollar is tanking, and inflation is on the rise. Learn why gold, silver, and gold stocks could be your best move right now.
Join Peter Schiff in this week's Gold Wrap as he discusses the significant rise in gold and silver prices, the decline of the US dollar and Treasury yields, and the impact of recent legislative and trade developments on the market. Plus, get insights on future investment strategies and upcoming changes at SchiffGold.
Peter Schiff returns to the Schiff Gold Friday Gold Wrap, discussing major weekly moves in gold and silver, market trends, and geopolitical impacts on precious metals. Gain valuable investment insights now!
Gold closed this week at $2,562 (down $123 since last week) and silver at $30.23 (down $1.20). Joel discusses recent price action, recent USD gains, and why Trump faces a terrible dilemma around inflation.OTHER TOPICS DISCUSSED:(1:52) Official inflation rose to 2.6%, with core CPI still above target.(2:15) Rate cut chance in December dropped from 65% to 27%.(4:12) Retiree Debt Rises: 68% of retirees now carry credit card debt(8:00) Dollar Hits 1-Year High: Dollar index climbed to 106.47(10:15) Why Trump must cut spending to curb inflationQuote: The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.– Winston ChurchillThe 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.The above references an opinion and is for information purposes only. It is not intended to be investment advice.
This week, gold prices pulled back by around $50 from last week's levels, and silver dropped roughly a dollar. These movements coincided with the recent election of Donald Trump as the 47th President of the United States.In this episode, things are a bit different with JD away, so Joel takes over to discuss the election results, share some exciting updates, and give a brief commentary on this week’s economic data.Quote of the Week:When the righteous [a]are in authority, the people rejoice;But when a wicked man rules, the people groan.– Proverbs 29:2The 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.comThe above references an opinion and is for information purposes only. It is not intended to be investment advice.
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 TIMESTAMPS00:00 - Introduction and Seasonal Reflections02:23 - Economic Data Overview06:43 - Market Reactions and Predictions10:55 - Gold's Performance and Central Bank Strategies15:42 - Understanding Intrinsic and Melt Value20:38 - Looking Ahead: Upcoming Economic IndicatorsQuote 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 HayekThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.comThe above references an opinion and is for information purposes only. It is not intended to be investment advice.
Gold closed this week at $2,746 (up $24 since last week) and silver at $33.69 (about the same). What could the second US bank failure of 2024 and the global BRICS Summit mean for gold and silver?OTHER TOPICS DISCUSSED-US Leading economic indicators fell by 0.5% in September-Citibank and Goldman Sachs analysts warn of slower growth-ECB Hints at continued Eurozone rate cuts-Bank of Canada lowers interest rates to 3.75%-IMF downgrades global growth forecast-OCC shuts down First National Bank of Lindsay-CME tightens margin requirements on gold and silverKey headlines for next weekQuote of the Week:It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”- Henry FordThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Gold closed the week at $2,722 (up $65 since last week) and silver at $33.71 (up $2.19). We discuss the metals recent meteoric rise amid weak economic data and growing stress on major banks. We also unveil a new series on ancient wisdom.OTHER TOPICS DISCUSSED-Department of Labor reports 241,000 new unemployment claims-Empire State manufacturing index falls to -11.9-Recent surveys shows 66% of voters view economy as "very or somewhat poor"-Junk silver sale at $1.95 above spot-Key headlines for next week-Modern Finance, Ancient Wisdom, www.schiffgold.com/research-analysis/old-testamentQuote of the Week:Get wisdom, and whatever you get, get insight. Prize her highly, and she will exalt you."- Proverbs 4:7-8The 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Gold closed the week at $2,657 (up $5 since last week) and silver at $31.52 (up $0.67)! We discuss the economic aftermath of Hurricane Milton, crashing Chinese stocks, and terrifying credit card interest rates.OTHER TOPICS DISCUSSED-September Core CPI data above expectations at 0.2%-Jobless claims jump 33,000 to 258,000-Consumer sentiment falls to 68.9-Credit card interest rates reach average of 30.45% -The economic impact of Hurricane Milton and Helene-Key headlines for next weekQuote of the Week:Whoever eats up, robs, and steals the nourishment of another, that man commits as great a sin as if he had strangled or starved such a person to death... such is the sin of usury."-Martin LutherThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.comThe above references an opinion and is for information purposes only. It is not intended to be investment advice.
Gold closed the week at $2,652 (down $6 since last week) and silver at $32.19 (up $0.57). Investment banks are setting higher targets for gold as monetary warning signs flash faster.OTHER TOPICS DISCUSSED-ADP jobs below 200k for sixth straight month-Unemployment rate drops to 4.1%-Reverse repo cash surges $465b in New York Fed-Goldman Sachs announces new $2,900/oz gold target-August PCE is down, suggesting even more rate cuts to come-Key headlines for next weekQuote of the Week:Inflation is the number one issue that people are feeling across this country. It’s hurting middle-class families. It’s hurting working-class families. And it's going to be the big factor in the 2024 election."-Florida Governor Ron DeSantisThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.comThe above references an opinion and is for information purposes only. It is not intended to be investment advice.
Gold closed the week at $2,658 (up $37 since last week) and silver at $31.62 (up $0.47). We discuss the drivers of this week's new highs, stalling homebuying, and key news next week.OTHER TOPICS DISCUSSED-Consumer confidence plunges to lowest level since 2021-US GDP revision reports 3.0% growth in spring-August PCE is down, suggesting even more rate cuts to come-Survey shows 82% of 2024 homebuyers express doubts-China announces $280 billion bond campaign to save collapsing real estate-Swiss National Bank cuts rates, following ECBQuote of the Week:Gold is money. It's still, by all evidence, a premier currency, where central bankers hold it."-Ron PaulThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.comThe above references an opinion and is for information purposes only. It is not intended to be investment advice.
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 aheadQuote 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 GreenspanThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.comThe above references an opinion and is for information purposes only. It is not intended to be investment advice.
Gold closed the week at $2,577 (up $82 since last week) and silver at $30.71 (up $3.18). This episode covers the cause of gold's new record high, big interest news next week, the Trump-Harris debate, and a retrospect of the year for precious metals.OTHER TOPICS DISCUSSED-Core CPI above expectations at 0.3% month-on-month-ECB lowers rates target rate to 3.5%-Banking buzz from Berkshire sales and Ally's tanking stock-Gold up 25% this yearKey headlines to look out for in week aheadQuote of the Week:"I would dedicate my life to this country but I see it as being a mean life, and I also see it that somebody with strong views and somebody with the kind of views that are maybe a little bit unpopular, which may be right, but may be unpopular, wouldn't necessarily have a chance of getting elected against somebody with no great brain but a big smile and that's a sad commentary for the political process."-Donald TrumpThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.comThe above references an opinion and is for information purposes only. It is not intended to be investment advice.
Gold closed the week at $2,495 (down $8 since last week) and silver at $27.89 (down about $1). This episode unwraps layers of poor jobs data, yield curve inversion and the coming recession, and what this could mean for gold and silver prices.OTHER TOPICS DISCUSSED-ADP jobs report 99k new jobs in August, short of 144k forecast-BLS non-farm payroll show disappointing increase of 142k-NYT challenge the BLS-US treasury yield inversion forewarns of recession-Should you buy at all-time highs?Key headlines to look out for in week aheadQuote of the Week:The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty."-Proverbs 21:5The 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.comThe above references an opinion and is for information purposes only. It is not intended to be investment advice.
Gold closed the week at $2,502 (down $10 since last week) and silver at $28.83 (down about $1). This episode we discuss recent price action, the historic volatility in September and October, and economic weakness from Germany to China.OTHER TOPICS DISCUSSED-US Consumer confidence reaches 6-month high at 103.3-Q2 GDP numbers revised upward to 3%-US jobless claims about at expectations at 231,000-German business climate index drops to lowest level since summer 2020-Chinese retailer Temu's parent company suffers $50b+ market cap wipeout -Key headlines to look out for in week aheadQuote of the Week:"The four most dangerous words in investing are: 'This time it's different.'"-Sir John TempletonThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.comThe above references an opinion and is for information purposes only. It is not intended to be investment advice.
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 savingsQuote of the Week:"It’s not the return on my investment that I’m concerned about; it’s the return of my investment."-Will RogersThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.comThe above references an opinion and is for information purposes only. It is not intended to be investment advice.
Gold closed the week near a new all-time high at $2,506 (up $76 since last week) and silver at $29.00 (up $1.55). We discuss gold prices, the strong PPI and inflation data, why the deficit situation is even worse than it seems, and whether the Fed will be forced to return to QE.OTHER TOPICS DISCUSSED-Dollar hits 5-month low-July deficit reaches whopping 42.5% of federal spending-Home Depot suffers 3.6% sales decline-Luxury goods decline as doom spending rises-Anniversary of closing of gold window-Powell and Jackson Hole-Key headlines to look out for in week aheadQuote of the Week:"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."-John Maynard KeynesThe above references an opinion and is for information purposes only. It is not intended to be investment advice.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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Gold closed the week at $2,430 (down $12 since last week) and silver at $27.45 (down $1.09). Last week's bad jobs news cascaded with a Japanese economic crisis resulting in a selloff across global markets. At one point the S&P dropped over 200 points and the Dow plummeted more than 1,000 points. We discuss this week's market panic, consider whether it has recovered and whether something worse looms ahead.OTHER TOPICS DISCUSSED-VIX Fear gauge hits highest level since start of COVID-Japanese stock market has worst day since 1987-Brokerage companies have issues with outages-Iran-backed militia attacks US airbase in Iraq-Berkshire Hathaway sells $75+ billion in stocks-Key headlines to look out for in week aheadQuote of the Week:"There is no asset as secure as physical gold held in your own possession. It is not someone else's liability or promise to pay. It has no counterparty risk."-Rick RuleThe above references an opinion and is for information purposes only. It is not intended to be investment advice.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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Gold closed the week at $2,442 (up $56) and silver at $28.54 (up $0.64). Terrible jobs numbers this week struck fear in the markets and in the Fed. As recession warnings flash, precious metals are up. Could they go even higher soon?OTHER TOPICS DISCUSSED-VIX Fear gague spikes above 30-Intel down 30% and ready to cut 15,000+ jobs-Olympics pistol shooting-Fed keeps interest rates unchanged at 5.25% - 5.50%-Nonfarm payroll at 114k jobs vs. 176k expected-Trump and SEC chairman Gary GenslerQuote of the Week:In the short run, the market is a voting machine, but in the long run, it is a weighing machine."-Benjamin GrahamThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Gold closed the week at $2,387 (down $13) and silver at $27.91 (down 4.7%). This week's GDP numbers give the illusion of a strong economy. In reality, the economy remains insecure. The Fed must cut rates; the recent dip in precious metals prices is unlikely to last.OTHER TOPICS DISCUSSED-Why gold and silver prices are down this week-Record high home prices amid inflation slow sales-Consumer sentiment hits 8-month low-US stocks fall after Tesla's earnings miss-Experian: Average American debt reaches $104k-SECURE Act 2.0 reveals economic insecurityQuote of the Week:"Beware of little expenses; a small leak will sink a great ship."-Benjamin Franklin 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Gold closed the week at $2,405 (down $5) and silver at $29.30 (down 5%). The US Federal Reserve is growing increasingly worried about the economy as recent data flash even more warning signs. Investors are rushing to gold and silver, pushing prices to all-time highs. The recent dip creates a buying opportunity, especially for silver.OTHER TOPICS DISCUSSED-Friday's global tech crash-Why small changes to interest rates cause big changes to asset prices-The Trump assassination attempt-Leading economic indicators (LEI) slide 0.2% in June, signaling slowing economy-6.6 Score in NY Manufacturing survey signals 8-month manufacturing contraction-Jobless claims rise by 243,000 (14,000 more than expected)-Builder confidence wanes: Home prices fall to seven-month lowCME FedWatch tool shows September rate cut odds at 98.1%Quote of the Week:Economic freedom is the foundation of all other freedoms.” -Frederic BastiatThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Gold closed the week at $2,410 (up $19) and silver at $30.77 (down $0.43). JD and Joel interview Representative Ken Ivory, the man behind Utah's recently-passed HB 348 law. This law enables the state to invest 10% of its $1.4 billion rainy day fund into gold and silver, stored in Brinks Salt Lake City. They also unpack the big CPI news and Fed rate cut expectation.OTHER TOPICS DISCUSSED-Official June inflation data comes in below estimates (Core CPI reads 0.1%)-CME FedWatch tool shows September rate cut odds at 96%-Wholesale prices increased (PPI data at 0.2%, above 0.1% forecast)-Consumer sentiment at 8-month low due to frustration with inflationQuote of the Week:“Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.” -Henry KissingerThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
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 ratesQuote of the Week:If liberty means anything at all, it means the right to tell people what they do not want to hear." George OrwellThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Gold closed the week about the same at $2,326. Silver closes down $0.40 at $29.13. JD and Joel explain what's behind the institutional demand for gold, recent upswing in money supply, and the catastrophic presidential debate.OTHER TOPICS DISCUSSED-Money supply begins to expand yet again.-COTs report show institutional gold demand driving prices higher.-Walgreens to close a "meaningful percent" of its 8,700+ stores.-Trumps reelection odds rise rapidly after Biden's disastrous debate performance.Quote of the Week:"We pay billions - hundreds of billions of dollars to supporting other countries that are in theory wealthier than we are" - Donald TrumpThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Gold closed this week slightly down but remains up 12.5% year-to-date. Silver is up 25% year-to-date. This week's political news show governments around the world moving right and central banks adding on more gold.OTHER NEWS-Japanese Norinchukin bank expects loss of $9.5 billion-India's Nifty 50 stock index outperforms S&P 500-Weakening US-Saudi Petrodollar agreement-Gold Surpasses Euro in Global Reserves-Short Selling Banned in South KoreaQuote of the Week:"It doesn't matter when the Fed cuts interest rates. The economy will weaken and inflation will strengthen regardless of the timing of the cuts. What's important is that interest rates are still too low and government spending is still excessive. High inflation is here to stay! "-Peter SchiffThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
This week flashed early warning signs of a recession as gold and silver prices rose yet again. Despite an inflationary environment, non-essential goods are getting price cuts as the Fed reassures the public that rates won't go higher.OTHER TOPICS DISCUSSED-Gold is trading at $2,332 (up $38 since last week's close)-Silver is trading at $29.55 (up $0.39 since last week's close)-CPI data came it below expectations (0.0% vs. 0.1% expected)-Walgreens announced price cuts on over 1,300 items-Home prices up 28% from 329k in Q1 2020 to 420k in Q1 2024-S&P 500 hit new high of 5450-BlackRock and Citadel Securities back Texas Stock ExchangeQuote of the week from Paul Volker:"The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation."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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
In light of the recent pullback and low premiums, now is a unique opportunity to buy silver with prices 40% below their historic highs. JD and Joel also discuss the cause of the price pullback this week, the shocking Berkshire's stock price fumble, and the 8-figure-fortunes of a GameStop day-trader.OTHER TOPICS DISCUSSED-Gold is trading at $2,294 (down $33 since last week's close)-Silver is trading at $29.16 (down $1.21 since last week's close)-ADP employment below expected but BLS employment came out 82,000 jobs above expected, delaying expectations of a Fed rate cut-AI falsely reports 99.73% drop in Berkshire Hathaway stock priceQuote of the week from Peter Lynch:Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
As silver holds above $30 per oz, Joel and JD discuss disastrous Chicago manufacturing, Howard Marks, Trump's conviction, and the current shortage in platinum.OTHER TOPICS DISCUSSED-Gold is trading at $2,327 (down $7 since last week's close)-Silver is trading at $30.37 (up $0.04 since last week's close)-Chicago PMI at lowest level since COVID (35.4 vs 40.8 expected)-Legendary investors fear US equities are in a bubble-Trump's conviction moves (betting) marketsQuote of the week from Peter Lynch:"The person that turns over the most rocks wins the game."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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Silver broke $30 per ounce and gold $2,500 this past week. Joel and JD unpack the recent breakout and Peter Schiff's analysis, and what to look out for in the leg up.OTHER TOPICS DISCUSSED-Gold is trading at $2,334 (down $80 since this time last week)-Silver is trading at $30.30 (down $1.20 since this time last week)-Death of Iranian president-New home sales dip below expectations-The value of Junk SilverQuote of the week from Ronald Reagan:If words cannot repay the debt we owe these men, surely with our actions we must strive to keep faith with them and with the vision that led them to battle and to final sacrifice.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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Gold and silver are up again this week and poised to sail away once the Fed lowers interest rates. Joel and JD discuss recent price action, meme stocks, Fed policy, and what to look out for before prices rise further.OTHER TOPICS DISCUSSED-Gold is trading at $2,376 (up $16 since this time last week)-Silver is trading at $29.59 (up $1.45 since this time last week)-BLS Inflation figures for April below expectation (0.3% vs. 0.4% expected)-Meme stocks are on the rise; Game stop and AMC up nearly 4x and 3x, respectively.Quote of the week from Charlie Munger:A lot of people with high IQ’s are terrible investors, because they have terrible temperaments.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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
With mother's day around the corner, gold is up almost $60 on the week after bad jobs numbers and terribe consumer sentiment sours economic expectations. The Fed is more likely to lower interest rates sooner, but it's too late to save the economy from the inflation to come.OTHER TOPICS DISCUSSED-Gold is trading at $2,360 (up $58 since this time last week)-Silver is trading at $28.14 (up $1.60 since this time last week)-Jobless claims rise 22,000 to 231,000, well above expectations-UMich consumer sentiment dips to 67.4, a one-month decline of 12.7%Quote of the week from Mises:The classical or orthodox gold standard alone is a truly effective check on the power of the government to inflate the currency. Without such a check all other constitutional safeguards can be rendered vain.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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
Joel and JD unravel the shocking economic turmoil of the week, spotlighting the catastrophic collapse of Republic First Bank, alarming jobs data, and Powell's foreboding speech. With the Fed confessing anxiety about inflation and pulling rate cuts off the path, it's now clear: we're in dangerous territory with no guard rails in sight!OTHER TOPICS DISCUSSED-Gold is trading at $2,302 (down $35 since this time last week)-Silver is trading at $25.60 (down about $0.65 on the week)-Economy adds 175,000 jobs in April (25,000 less than expected)-Unemployment rises to 3.9%Quote of the week from Ron Paul:If people think the gold price up and down is a reflection of something wrong with gold, no - I say it is something wrong with the dollar.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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
JD and Joel unpack Peter's latest podcast and the economy's current path toward stagflation. We look at this week's price action, macroeconomic data, dragons, Jordan Peterson and gold.OTHER TOPICS DISCUSSED-Gold is trading at $2,337 (up $55 since this time last week)-Silver is trading at $27.20 (down about 5% on the week)-CME Fedwatch tool slates the Fed to lower rates first in November-Q1 GDP came out at just 1.6% (versus the expected 2.2%)-Core PCE (year-over-year) came out higher than expected at 2.8% Quote of the week from Jordan Peterson: If you run from the things you are afraid of, you run from exactly what you need to find. Dragons hoard gold because the thing you most need is always to be found where you least want to look.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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
JD and Joel interview Dr. Charles Steele, Chairman of Economics, Business, and Accounting, at Hillsdale College. We discuss national debt, dollar default, Austrian economics, Von Mises, green energy bills, and space economics.OTHER TOPICS DISCUSSED-Gold is trading at $2,392 (up $57 since this time last week)-Silver is trading at $28.66 (up about 3% on the week)-Powell admits "lack of further progress" with inflation-S&P 500 down 3% since this time last week-NY Manufacturing down for the fifth straight monthThe 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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
JD and Joel discuss gold's underrated new all-time high, silver nearing $30 per oz, higher-than-expected inflation, the Fed's response, and why buyers today can expect to pay lower premiums.OTHER TOPICS DISCUSSED-Gold is trading at $2,335 (about the same as last week)-Silver is trading at $27.91 (up about 2% on the week)-CPI inflation data comes out at 3.5% year-on-year (exceeding the expected 3.2%)-UMichigan Survey shows consumers gloomier than expected (77.9 vs. expected 79.3)-Why waiting for lower spot prices might mean higher premiumsQuote from Ron Paul:"When monetary policy destroys the currency, it always destroys the middle class.”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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
JD and Joel discuss gold's new record high and silver's tear upwards, an earthquake in NYC, headline jobs numbers, and Peter's most recent podcast.OTHER TOPICS DISCUSSED-Gold is trading at $2,329 (up $100 on the week)-Silver is trading at $27.46 (up about 10% on the week)-Fed governor Adriana Kugler's dovish comments push gold above $2300)-Nonfarm payrolls come in above expectations (303,000 vs. 200,000)-The recent spike in commodities-Peter Schiff's recent podcast-Alan Greenspan's affinity for RothbardQuote from Murray Rothbard:It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.”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/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
JD and Joel discuss gold's breakout past the $2,200 resistance level. Higher prices are driven by a dovish Fed, weakness in the dollar, and poor economic data. This week they also discuss Peter's most recent appearance.OTHER TOPICS DISCUSSED-Gold is trading at $2,233 (up $78 or about 3.5% on the week).-Silver is trading at $24.79 (up $0.31 or over 1% on the week).-Consumer confidence dips on popular pessimism about US -economic future-PCE inflation comes in at around expectations (0.3% vs. 0.4% expected)-The dollar has lost a fifth of its value in just four years.-DOJ Lawsuit against Apple-Francis Scott Key Bridge disaster-Peter Schiff's appearance on Anthony Scaramucci’s ShowQuote from the Book of Proverbs:A false balance is an abomination to the Lord: but a just weight is his delight.”TOP ARTICLES THIS WEEK-What the Baltimore Bridge Disaster Could Mean for The Economy-Piketty's Inequality Con-Money Supply Dips For First Time Since November-New Peter Schiff Interview: We're Paying the Price for Deficits-Dollar Down 20% Since 2020, Biden Blames Greed-CFTC CoTs Report: Managed Money Still Driving PricesTune 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.SchiffGold on Instagram: www.instagram.com/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
JD and Joel discuss this week's Fed announcement. It caused new all-time highs in gold, but this all but confirms a coming inflation bloodbath. We also discuss ways the dollar can stay "strong" even amid high inflation.OTHER TOPICS DISCUSSED-Gold is trading at $2165 (up $11 or about 1% on the week).-Silver is trading at $24.66 (up $0.51 or 2% on the week).-Fed doubles down on 3 interest rate cuts in 2024.-Existing home sales in Feb. reach 4.38 million (versus the expected 3.95 million).-U.S. Leading economic indicators better-than-expected at 0.1 (versus -0.1%).-Peter Schiff's latest podcast.Quote from Jeffrey Tucker:“Freedom is the foundation for all wonderful things in life.”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.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.SchiffGold on Instagram: www.instagram.com/schiffgoldnewsSchiffGold on Twitter: twitter.com/SchiffGoldSchiffGold on Facebook: www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
JD and Joel discuss hotter-than-expected inflation data, Peter's recent podcast, TikTok, Twitter, and price action.OTHER TOPICS DISCUSSED-Gold is trading at $2155 (down $23 or about 1% on the week).-Silver is trading at $25.17 (up $0.87 or 3.5% on the week).-Q4 GDP grew $334 billion as national debt grew $834 billion, more than twice as much.-US House passes bill banning Tiktok unless it is sold.-Michael Saylor's wild Bitcoin speculation.-Peter Schiff reaches 1 million Twitter followers.-Peter Schiff's latest podcast.-Quote from Hayek:The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."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. 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.SchiffGold on Instagram: https://www.instagram.com/schiffgoldnewsSchiffGold on Twitter: https://twitter.com/SchiffGoldSchiffGold on Facebook: https://www.facebook.com/schiffgoldSchiffGold's website: https://www.schiffgold.com
JD and Joel discuss the new all-time highs in gold, Peter's recent podcast, the Fed's next move, and why silver is an especially good deal.OTHER TOPICS DISCUSSED-Gold is trading at $2178 (up $126 on the week)-Silver is trading at $24.30 (up $1.65 on the week)-Last Friday's Fed policy reports warned of risks to the financial sector-Nonfarm payrolls rose 275,000 for the month topping the forecast of 198,000-CME Fedwatch tool shows significantly increasing expectations of lower interest rates-Peter Schiff's PodcastQuote from Noam Chomsky:The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum."SchiffGold on Instagram: https://www.instagram.com/schiffgoldnews/ SchiffGold on Twitter: https://twitter.com/SchiffGoldSchiffGold on Facebook: https://www.facebook.com/schiffgoldSchiffGold's website: https://schiffgold.com/
JD and Joel discuss Peter's take on the recent bitcoin craze driven by ETF demand. Is there a limit to Bitcoin's upside? Plus, what's driving higher gold prices this week?OTHER NEWS -Breaking news: Oil tops $80 per barrel-UMichigan survey shows consumers feel gloomy about economy, pushing gold up.-Gold is trading at $2070 (up $42 on the week)-Silver is trading at $22.65 (down $0.14 on the week)-Dallas Fed Manufacturing February reads -11.3-Peter Schiff's latest podcast-The week aheadQuote from Milton Friedman:"Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless."SchiffGold on Instagram: https://www.instagram.com/schiffgoldnews/SchiffGold on Twitter: https://twitter.com/SchiffGoldSchiffGold on Facebook: https://www.facebook.com/schiffgold/SchiffGold's website: https://schiffgold.com/
JD and Joel discuss Peter's take on the record-breaking highs in stocks, driven by chip company NVIDIA's $277 billion Thursday rally. Is there a stock bubble driven by AI hype and low-interest rates? How might the Fed respond and what does this mean for gold?OTHER TOPICS DISCUSSED-Gold is trading at $2028 (up $28 on the week)-Silver is trading at $22.79 (down $0.04 on the week)-CME Fedwatch shows 97.5% of investors expect unchanged interest rates in March-Peter Schiff's latest podcast-What makes stock-picking riskier than ever-Wisdom from Charlie Munger-The week aheadQuote from Munger:"People calculate too much and think too little."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.SchiffGold on Twitter: https://twitter.com/SchiffGoldSchiffGold on Facebook: https://www.facebook.com/schiffgoldSchiffGold's website: www.schiffgold.com
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.
In this week's Friday Gold Wrap Podcast, JD and Joel discuss why gold is down this week, Powell's comments on 60 Minutes about the debt, and some Valentine's Day thoughts inspired by Austrian economist Carl Menger.OTHER TOPICS DISCUSSED-The VIX "Fear Index" and how it's measured-Gold and silver technicals-What makes Powell different from past Fed chairmen-Debt monetization-Gold vs. diamonds-Record central bank gold buying-The week aheadTune 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.
In this week's Friday Gold Wrap Podcast, JD and Joel discuss why gold is down today, why the Fed's game could replay 2008, and other market and precious metals news.OTHER TOPICS DISCUSSED-January jobs number at 353k vs. 180k expected-Leading Economic Indicators (LEI) negative past 20 months-Disastrous manufacturing data from the Dallas Fed, Philly Fed, and other-Georgia, Kentucky, Wisconsin, and Kansas consider dropping precious metals tax-The week ahead-Quote from Hayek: The more the state “plans” the more difficult planning becomes for the individual."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.
In this week's Friday Gold Wrap Podcast, JD and Joel discuss why gold is down this week, soaring tech stocks and plummeting gold stocks, and other market and precious metals news.OTHER TOPICS DISCUSSED• Tech stocks push indices to all-time highs • Q4 2023 GDP rose higher than expected • Gold holds steady as gold stocks get crushed• Fool's gold (Bitcoin) dips below $40k• US manufacturing enters the dark ages with contraction in 18 of 20 previous months• Trump dominates in Iowa and New Hampshire• The week ahead• Quote from Hayek: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.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.
In this week's Friday Gold Wrap Podcast, JD and Joel discuss why gold is up today, "doom spending," and other market and precious metals news.OTHER TOPICS DISCUSSED-Silver, the dollar index, and the VIX-Lowering premiums for physical precious metals-Failing Social Security trust funds-December's better-than-expected retail sales figures-Debt-saddled "doom spenders"-Wisdom from Ludwig von Mises-The week aheadThe 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.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.
In this week's Friday Gold Wrap Podcast, JD and Joel discuss recent gold price action and market news. They also cover last Friday's non-farm payroll numbers, the strike on Houthi rebels, and the SEC's fumble with Bitcoin ETFs.OTHER TOPICS DISCUSSED- Why gold is up today- Joseph Brown on dramatic declines in US tax revenue(https://www.youtube.com/watch?v=QcDeHaqHMPQ)- Mainstream vs. Austrian definition of inflation- What to look out for next week- How JD and Joel are doing with their New Year's resolutionsThe 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. 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.
At the start of a new year, we're excited to announce new co-hosts to the Friday Gold Wrap Podcast: JD and Joel Bauman. In this episode, JD and Joel discuss recent gold price action and key factors affecting gold in 2024 such as interest rates and global elections.You can visit the show notes page here: https://schiffgold.com/friday-gold-wrapTOPICS DISCUSSED- How Joel and JD learned about Peter Schiff- 2023 recap: A good year for gold?- Interest rates in 2024- Free money necessary for true freedom- Our New Year's resolutionsTune 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.
We've reached the end of another year. A new year is always a good time for reflection. And maybe even some resolutions. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the trajectory of gold as we enter the new year, explains an economic truth, offers some thoughts on New Year's resolutions, and makes a big announcement.You can visit the show notes page here: https://bit.ly/3NIosER- Dollar weakness boosting gold- Gold's roller-coaster ride- Banks aren't as sound as advertised- January historically good for gold- The minimum wage is always zero- It's time for New Year's Resolutions -- or is it?- The EndTune 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 https://schiffgold.com/news.
US stocks surged with the promise of interest rate cuts. Then stocks tanked when some Fed officials tried to walk that promise back. Then they surged again when some weak economic data put rate cuts back on the table. As Friday Gold Wrap host Mike Maharrey put it, easy money is one heck of a drug! In this episode, he explains the impact of easy money on the economy and the markets, and he speculates about the future.Visit the show notes page here: https://bit.ly/3RSMUpuTune 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 https://schiffgold.com/news.TOPICS DISCUSSED- If I could print money- The world is buried in debt- The impact of high interest rates- The Fed walks the dove back- Stocks rally- Stocks tank with an outside reversal- Stocks rally again- Bank bailout program borrowing surges again
Two weeks ago, Federal Reserve Chairman Jerome Powell said it would be "premature" to conclude that monetary policy is sufficiently restrictive. This week, the Fed indicated rate cuts are on tap for next year. What a difference two weeks makes! In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down this week's Fed meeting and the status of the inflation fight.You can visit the show notes page here: https://bit.ly/3NqkzUITune 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 https://schiffgold.com/news.TOPICS DISCUSSED- Jerome Powell's big flip-flop- Fed signals rate cuts next year- A so-so CPI report with a lot of hype- Are financial conditions really tight?- The Fed didn't win; it surrendered- Why did the Fed pivot?- Fed pivot jumpstarts gold rally
It's not a good idea to argue about things you don't know anything about. Most people realize this -- until it comes to economics. A lot of people argue economics from a position of ignorance. President Biden is one of those people. In this episode of the Friday Gold Wrap, host Mike Maharrey dissects a couple of comments Biden made last week and teaches some economics along the way. He also talks about the significance of gold's record-breaking week.Visit the show notes page here: https://bit.ly/488rMANTune 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.TOPICS DISCUSSED- Stay in your lane, bro- Gold sets new record- Gold sells off but holds $2,000 support- Central banks still buying gold- Greedy corporations cause inflation?- Tax billionaires will solve all our problems?
Imagine a bedroom. It looks clean and safe, but there is a monster under the bed that nobody notices. As host Mike Maharrey explains in this episode of the Friday Gold Wrap, that's basically the condition of the US banking system right now. It appears "sound," but a closer look reveals a financial crisis is still bubbling under the surface. He also talks about the recent run-up in the price of gold.You can visit the show notes page here: https://bit.ly/47SiWXGTune 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 https://schiffgold.com/news.TOPICS DISCUSSED- A monster under your bed- Gold holds above $2,000- Deutsche Bank predicts bigger Fed rate cuts in 2024- US Banks suffer big unrealized losses in Q3- Balances in the Fed's bank bailout program suddenly spiked in November
Did you know Thanksgiving almost didn't happen thanks to the Pilgrims' experiment with socialism? It didn't work. Fortunately, they figured out some economic truths and the rest is history. In this episode of the Friday Gold Wrap, host Mike Maharrey tells the Thanksgiving story you almost certainly didn't hear in school. He also explains why today is called Black Friday.You can visit the show notes page here: https://bit.ly/3QWwafpTune 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 https://schiffgold.com/news.TOPICS DISCUSSED- Why is this "Black" Friday?- Gold takes another run at $2,000- The shrinkflation problem- The CPI formula is messed up- How socialism nearly killed the Pilgrims
Everybody seems convinced that the Federal Reserve has won the inflation fight, there will be no more rate hikes, and rate cuts are right around the corner. But as Friday Gold Wrap host Mike Maharrey reminds us, it's not over until the fat lady sings. And she hasn't sung a note. In this episode, he breaks down the latest CPI data and explains why the victory dance might be premature.You can visit the show notes page here: https://bit.ly/49Jm1LuTune 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 https://schiffgold.com/news.TOPICS DISCUSSED- CPI comes in slightly cooler than expected- The market's gleeful reaction to the CPI data- Three reasons the war on inflation victory dance might be premature- The US government kicks off fiscal 2024 with another big deficit- Interest was the second-biggest expense for the federal government last month
Mainstream pundits and government officials keep talking about the strong economy and resilient consumers while ignoring what's driving them - borrowing. To listen to them, you would think the road to prosperity is paved with credit cards. In this episode of the Friday Gold Wrap host Mike Maharrey breaks down the recent household debt data and explains why this isn't the sign of a strong economy. He also highlights some interesting silver demand news.You can visit the show notes page here: https://bit.ly/3QwuIA7Tune 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 https://schiffgold.com/news.TOPICS DISCUSSED- You don't borrow your way to prosperity- Household debt at record levels- Delinquency levels on the rise- An overview of the week's gold price action- Silver demand expected to grow in three major sectors- Silver is underpriced based on supply-demand dynamics
Federal Reserve Chairman Jerome Powell said he's not confident interest rates are high enough to slay price inflation. He also said he's not confident they aren't. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey wonders out loud why we should have any confidence if Powell doesn't. Along the way, he breaks down the November Fed meeting and talks about the "colossal" year for central bank gold buying.Visit the show notes page here: https://bit.ly/3tWz2RvTune 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 https://schiffgold.com/news.TOPICS DISCUSSED- Jerome Powell isn't confident- The Fed maintains the status quo- Is the economy really "too strong?"- Market reaction to the Fed meeting- Central banks on track for record gold buying year- Gold hits stiff resistance at $2,000
When it comes to economic data, context matters. In this episode of the Friday Gold Wrap, host Mike Maharrey explains how the Fed, many mainstream economists, and financial network talking heads get a lot wrong because of bad data, shoddy economic frameworks, and ignorance of history. Along the way, he covers the GDP and the latest price action for gold.You can visit the show notes page here: https://bit.ly/3FyCkwRTune 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 https://schiffgold.com/news.TOPICS DISCUSSED- Economic data needs economic context- Some common sense would be nice- How the CPI formula understates healthcare costs- Q3 GDP comes in strong- Is the consumer really "resilient?- Comparing 2007 with today- Gold knocks on the door of $2,000- Chinese gold demand is hot
The economy is strong. The American consumer is resilient. Everything is great. At least that's the mainstream narrative. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why it's all just an illusion of prosperity. Along the way, he covers the September retail sales data, Federal Reserve Chairman Jerome Powell's most recent speech, and the recent gold rally.You can visit the show notes page here: https://schiffgold.com/friday-gold-wrap/the-illusion-of-prosperity-schiffgold-friday-gold-wrap-oct-20-2023/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 https://schiffgold.com/news.TOPICS COVERED- The illusion of prosperity- Retail sales surprise to the upside- Increasing retail sales doesn't necessarily mean what the mainstream says it means- Gold rallies- Jerome Powell channels his inner hawk- Global debt shoots through the roof
But he's playing tricks with the data and making assumptions that are meaningless in the real world. In this episode of the Friday Gold Wrap, host Mike Maharrey dissects Krugman's claims in light of the September CPI data. He also talks about market reaction to the CPI and shares some interesting gold news from Zimbabwe.You can visit the show notes page here: https://bit.ly/48LoEMxTune 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 https://schiffgold.com/news.TOPICS DISCUSSED- Krugman writes inflation's eulogy- What is Krugman missing?- September CPI data comes in hotter than expected- The CPI formula understates shelter costs- Producer prices flashing inflation warning- Bidenomics requires a lot of borrowing and spending- Zimbabwe launches gold-backed digital token
The mainstream wasn't just wrong about inflation in 2020. It was wildly wrong. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey dissects a 2020 video produced by CNBC to show just how wrong they were. He explains why they were wrong and teaches some economics along the way. He also discusses the carnage in the bond market and tells you who is buying gold.You can visit the show notes page here: https://bit.ly/3tjtlNgTune 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 https://schiffgold.com/news.TOPICS DISCUSSED-Not just wrong; wildly wrong-Gold still facing headwinds-Carnage in the bond market and why it matters-Central banks are still buying gold-How did they get inflation so wrong?-Economic fundamentals matter
The economy is great! Inflation is dead! We're on our way to a soft landing! We keep hearing messages like this over and over again from Fed officials, the Biden administration, academics, and financial news pundits. But doesn't the spin seem a little detached from reality? In this episode of the Friday Gold Wrap, host Mike Maharrey exposes the political class's gaslighting operation. He also talks about the big selloff in gold this week.You can visit the show notes here: https://bit.ly/3RDhJ1CTune 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 https://schiffgold.com/news.TOPICS DISCUSSED- What is gaslighting?- Gold sells off- Are we at the beginning of a generational bear market in bonds?- Oil keeps spiking- GDP revisions- Consumers aren't confident- The disconnect between government spin and consumer perception- We're being gaslit
The Federal Reserve wrapped up its September meeting on Wednesday and left interest rates unchanged. But Powell and Company had plenty to say. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the Fed's rhetoric and prognostications, and argues that what the Fed says and what it will do are two different things.You can visit the show notes page here: https://bit.ly/3ZuiTP0Tune 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 https://schiffgold.com/news.TOPICS DISCUSSED- Why talk so much about the Fed?- Fed leaves rates unchanged but up the hawkish talk- Paul Krugman deserves the middle finger- Fed dot-plot indicates tighter policy for longer- Fed claims the economy looks good- Why shouldn't we believe what the Fed says?- Don't wait too long to buy gold
The economy is in a slow burn. You can't even see the flames. But there is some smoke. In this episode of the Friday Gold Wrap, host Mike Maharrey calls attention to that smoke with a breakdown of August's CPI and some other data that came out this week. He also busts a myth about silver.You can visit the show notes page here: https://bit.ly/3rgY1OyTune 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 https://schiffgold.com/news.TOPICS DISCUSSED- We're in a slow burn- CPI throws cold water on the disinflation narrative- "Healthy American consumers" are burying themselves in debt- August federal budget surplus was not what it seems- Silver isn't scarce?
We're fed up -- fed up with the Federal Reserve. After all, it is the engine that drives the biggest government in history. In this episode of the Friday Gold Wrap, host Mike Maharrey explains what the Fed is, how it came to be, and how it enables reckless government borrowing and spending. He also talks about one reason why the recent drop in the CPI is likely transitory.You can visit the show notes page here: https://bit.ly/3EAwV7STune 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 https://schiffgold.com/news.TOPICS DISCUSSED- Why is Mike fed up?- Gold's performance this week- Gasoline prices are about to undercut falling CPI- The latest on central bank gold buying- The Federal Reserve explained
We're kicking off Labor Day weekend. That means you're going to hear a lot of rhetoric about how the government needs to do more for workers. But as Friday Gold Wrap host Mike Maharrey explains, we don't really need better government policies for workers. We need better money for everybody. He also talks about tanking consumer confidence in this bubble economy.You Can Visit the show notes page here: https://bit.ly/3PlsG6BTune 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 https://schiffgold.com/news.TOPICS DISCUSSED-We live in an upside-down world where bad news is good news- Consumer confidence tanks- The biggest problem facing American workers- How going off the gold standard killed hourly wage gains- The minimum wage in silver quarters
The BRICS economic bloc announced it will add six new members, including Saudi Arabia. The growing influence of BRICS could ultimately dent Western economic power and undermine the dollar's role as the world's reserve currency. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the ramifications of BRICS expansion, de-dollarization, and the possibility of a BRICS currency. He also talks about how silver is inexcusably low.
You can visit the show notes page here: https://bit.ly/3Pb5GWL
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 https://schiffgold.com/news.
-What is BRICS? -BRICS expansion and the ramifications -De-dollarization -Will BRICS create a new currency to compete with the dollar? -The price is silver is inexcusably low
There is a growing consensus that the Federal Reserve can successfully slay price inflation and bring the economy to a soft landing. After all, the economy appears to be chugging along. But as Friday Gold Wrap host Mike Maharrey explains, there are a lot of things bubbling under the surface that should temper that optimism. In fact, what we're seeing today looks a lot like 2007.
You can visit the show notes page here: https://bit.ly/3sgKYNf
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 https://schiffgold.com/news.
TOPICS DISCUSSED
- A tough few weeks for gold
- This looks eerily similar to 2007
- Banks still borrowing billions from Fed bailout program
- The US government spent more on interest payments than national defense in July
- Another gut punch for the US dollar
Credit cards are great until the bill comes due. And the US economy has about maxed out the plastic. The Federal Reserve incentivized borrowing and the economy is buried under trillions of dollars in debt. As Friday Gold Wrap host Mike Maharrey explains in this episode, the bill is about to come due. He also goes over the July CPI data and digs into some of the ramifications.
You can visit the show notes page here: https://bit.ly/3Ov8u0q
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 https://schiffgold.com/news.
TOPICS DISCUSSED
-US credit rating downgraded -Moody's downgrades bank credit ratings -How the Fed blew up a massive debt bubble -The bill will come due -July CPI breakdown -Price inflation is down but not out
In this special episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listeners' questions. He covers topics including the precious metals markets, investment strategies, the trajectory of the economy, the future of the US dollar, central bank digital currencies (CBDCs), and more.
You can visit the show notes page here: bit.ly/3KlLD60
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 https://schiffgold.com/news.
The Fed raised interest rates yet again during its July meeting. So, what's next? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and the weird messaging, and then speculates about the central bank's next move given the current economic backdrop. He also talks about a lucky Oklahoma woman and her bag of "junk" silver.
You can visit the show notes page here: https://bit.ly/451Trlx
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 https://schiffgold.com/news.
TOPICS DISCUSSED
-No worries! The weather is fine! -Fed hikes rates again -Jerome Powell and the power of Fed-Speak -Malinvestments -Gold sells off on stronger-than-expected Q2 GDP -An old lady's silver windfall
Janet Yellen recently said she doesn't think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn't think we should put a lot of stock on Janet's prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening up under the surface.
You can visit the show notes page here: https://bit.ly/3pWklfB
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 https://schiffgold.com/news.
-No Recession! Janet Yellen says so. -Gold hits 2-month high -Leading economic indicators drop again -Major default reveals cracks in the commercial real estate market -Massive Bank of America paper losses reveal financial crisis is still simmering -Jerome Powell is no Captain Sully
As the saying goes, there's no place like home. And more and more countries think that's the case when it comes to their gold. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about why many central banks and sovereign wealth funds are bringing their gold home. He also talks about gold's performance through the first half of 2023 and the June CPI data.
You can visit the show notes page here: https://bit.ly/44uH3un
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 https://schiffgold.com/news.
TOPICS DISCUSSED
-More countries are repatriating their gold -Gold was one of the best-performing assets during H1 2023 -What drove the gold price through the first six months of the year? -June CPI data -What does the latest CPI mean for the Fed? -When will high-interest rates crack something else in the economy?
Despite doing nothing at the June meeting, Fed officials continue to talk tough about fighting inflation. But Friday Gold Wrap host Mike Maharrey thinks something is amiss. In this episode, he talks about the disconnect between rhetoric and the Fed's actions. Are they clueless or running scared? This week, he also talks about another big jump in the national debt and the latest on central bank gold buying.
You can visit the show notes page here: https://bit.ly/3Q3TSHV
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 https://schiffgold.com/news.
TOPICS DISCUSSED
-Hawkish Fed drove markets this week -Is there a disconnect between Fed rhetoric and Fed actions? -The Fed March 2021 "dot-plot" was wildly wrong -More than 1/3 of US businesses are in debt trouble -The national debt surge -- an amazing freak show -Central banks still buying gold -The June job numbers
There was a lot of economic data this month that seems to signal a strong economy. Does it though? Is everything really fine? In this episode of the Friday Gold Wrap, host Mike Maharrey digs deeper into the data and reveals a less sanguine reality. He also explains the inner workings of the spot price for gold, how it's determined, and the factors that influence it.
You can visit the show notes page here: https://bit.ly/3Pzi3gP
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 https://schiffgold.com/news.
TOPICS DISCUSSED
-"Strong" economic data isn't so strong -Fed paper admits rate hikes could "hammer" economy -Things happen slowly and then all of a sudden -What is the spot price and how is it determined -Factors influencing the spot price -Market manipulation?
Fed Chair Jerome Powell went to Capitol Hill this week and talked. His open-mouth operations dominated the financial news and drove gold lower. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into Powell's comments, reads between the lines, and points out a couple of things Powell got completely wrong. He also talks about some actual economic news that most people just ignored.
You can visit the show notes page here: https://bit.ly/3Jq6bKg
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 https//schiffgold.com/news.
TOPICS DISCUSSED
-National debt eclipses $32 trillion -Why the national debt is a ticking time bomb -Leading economic indicators tank again -Powell keeps up hawkish talk -Reading between the lines on two Powell comments -Two things the Fed chair got wrong
There is the mainstream and market perception of what going on in the economy and financial system. And then there's the underlying economic reality. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the growing divergence between the two in the context of the June Federal Reserve meeting and the latest CPI data.
You can visit the show notes page here: bit.ly/3N4b1xS
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 https://schiffgold.com/news.
TOPICS DISCUSSED
-The mainstream economic model is flawed -Inflation myths -What the mainstream thinks will happen -The economic realities -May CPI data breakdown -The Fed pauses rate hikes -Powell's hot air
In this episode of the Friday Gold Wrap, host Mike Maharrey engages in a little "I told you so!" discussing a couple of things he got right, including his assertion that the real problems would start after the debt ceiling deal and that it was important to keep your eye on the commercial real estate market. He also talks about the yo-yoing gold price this week.
You can visit the show notes page here: https://bit.ly/43Sl5kc
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 https://schiffgold.com/news.
-Gold on a yo-yo string -Bank of Canada un-pauses rate hikes -A looming recession -National debt spikes just one day after debt ceiling deal -Treasury Secretary Janet Yellen warns about problems in the commercial real estate market
If buy gold or silver, you're going to pay a premium. So, what exactly is a premium and how is it determined? In this episode of the Friday Gold Wrap, host Mike Maharrey answers common questions about premiums. He also discusses the debt ceiling deal and where Americans rank gold as a long-term investment.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 https://schiffgold.com/news.TOPICS DISCUSSED-The debt ceiling deal-When a spending increase is called a cut-Where do Americans rank gold as a long-term investment?-What is a premium?-Why have premiums been high lately?-Is a premium a sunk cost?
The debt ceiling "crisis" is coming to a head. We're pretty confident Republicans and Democrats will strike a deal and raise the debt ceiling. That's supposed to solve the problem. But Friday Gold Wrap podcast host Mike Maharrey says the solution is the problem. In this episode, he also offers some bullish perspective on silver.You can visit the show notes page here: https://bit.ly/3MtLmOQTune 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 https://schiffgold.com/news.TOPICS DISCUSSED-Gold and silver face more downward pressure-Citigroup projects $30 silver in the next 6 to 12 months-Silver fundamentals-The fake debt ceiling fight-Why raising the debt ceiling is the problem
There are a few things that Friday Gold Wrap host Mike Maharrey writes about that don't seem to garner much interest. In this show, Mike is going to talk about two of those things, why they matter, and why you should care. He also talks about the recent drop in the price of gold and what the markets are getting wrong.You can visit the show notes page here: https://bit.ly/42ORVCzTune 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 https://schiffgold.com/news.TOPICS DISCUSSED-The gold selloff-Fed-speak-Is a "soft landing" in the cards?-The national debt and budget deficits-Household debt at record levels-Why do these things matter?
The CPI data for April came out this week. The mainstream spin was that it was more good news for the Fed's inflation fight. But the actual data tells a different story. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the CPI report and the disconnect between the mainstream narrative and reality. He also highlights some interesting Q1 gold demand numbers.You can visit the show notes page here: https://bit.ly/3MlkJwETune 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 https://schiffgold.com/news.TOPICS DISCUSSED-What drives mainstream media narratives?-The mainstream spin on the April CPI report-The actual CPI data-Market reaction-The Fed's conundrum-Physical gold demand in Q1
The Federal Reserve raised rates yet again during its May FOMC meeting. Now everybody is trying to decipher the messaging coming out of the Fed to figure out what's next. But what if the words Powell and Company are saying don't really matter? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the latest moves by the Fed and suggests we should focus on the realities over the rhetoric.You can visit the show notes page here: https://bit.ly/42pP2HNTOPICS COVERED-Fed raises interest rates again-Jerome Powell's messaging-Inflation is far from beat-Powell claims we can still have a "soft landing"-Gold close to new record highs-What's going to break next?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 https://schiffgold.com/news.
Many people are concerned about a possible move toward central bank digital currency and we're starting to see organized pushback on the idea. But as Friday Gold Wrap host Mike Maharrey explains, a lot of people are so caught up in taking on CBDC that they're missing the more fundamental problem with government-issued fiat currency. Paper money isn't the solution. It is the parent of the problem.You can visit the show notes page here: https://bit.ly/3oQTpNyTOPICS DISCUSSED-Is $2,000 gold support or resistance?-What is central bank digital currency (CBDC)?-The problems with paper money-Better ways to take on CBDCTune 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 https://schiffgold.com/news.
Most attention in the precious metals markets has focused on inflation and the Federal Reserve's response. The perception that the Fed will continue to tighten monetary policy to fight inflation has created headwinds for gold and silver. But as Friday Gold Wrap host Mike Maharrey explains, there is a silver lining in all this - the fundamentals for silver. In this episode, Mike highlights silver's supply and demand dynamics. He also covers some good news for gold and silver coming out of Arkansas.You can visit the show notes page here: https://bit.ly/3KOm7WETOPICS DISCUSSED-Keynesian claptrap and why the mainstream still doesn't get it-Lessons not learned-A volatile week in the gold market-The silver-gold ratio-Silver supply and demand dynamics-Arkansas makes gold and silver legal tender and repeals capital gains tax on precious metalsTune 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 https://schiffgold.com/news.
With the CPI coming in slightly cooler than expected and producer prices unexpectedly falling, a lot of people think the Fed pivot is now in play and we will soon see an end to monetary tightening. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the possibility of a pivot, market reaction, and most importantly, the possible ramifications.TOPICS DISCUSSED-Mainstream ignorance and Keynsian claptrap-NY Fed president either ignorant or lying-An overview of March CPI-Has the Fed really beaten inflation?-The Fed's nasty position-US budget deficit already over $1TTune 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 https://schiffgold.com/news.
The dollar may be king, but its throne is getting a little tippy. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the slow but steady erosion of the dollar's global dominance and the possible ramifications. He also explains how Federal Reserve monetary policy is like poison.You can visit the show notes page here: https://bit.ly/41av1EATOPICS DISCUSSED-Monetary poison-One big banker says the crisis isn't over-Gold cracks $2,000-Central banks are still buying gold-Dollar woesTune 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 https://schiffgold.com/news.
The Federal Reserve has added nearly $400 billion to its balance sheet in just two weeks while simultaneously claiming to still be in the inflation fight. While things seem pretty quiet after the bank bailout, Friday Gold Wrap host Mike Maharrey says it's only a matter of time before the next shoe drops. What will that be? In this episode, he talks about one possibility. He also covers some interesting demand news in the silver market.TOPICS DISCUSSED-The Fed balance sheet is getting bigger fast-The Fed has created a mess-What might break next?-The solar energy market is poised to drive silver demand drastically higherTune 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 https://schiffgold.com/news.
On Wednesday, the Federal Reserve raised interest rates again despite the problems in the banking system. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the Fed's inflationary efforts to paper over the problems in the financial system while still keeping up the pretense of an inflation fight. He says it's like trying to thread a needle with rope.You can visit the show notes here: https://bit.ly/3ZbSnrJTOPICS DISCUSSED-The most recent Fed rate hike-The messaging coming out of the Fed-Why the inflation fight is at odds with the bank bailouts-Why the Fed bailout didn't solve the real problem-What the bank failures should have taught usTune 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 https://schiffgold.com/news.
In this episode of Metal Exchange, host Mike Maharrey chats with SchiffGold analyst Tony about the recent bank failures, the bailouts, the reaction of the markets and what might happen next. They conclude that if you're betting that the Federal Reserve has everything under control, that's probably a bad bet!You can visit the show notes page here: https://bit.ly/42ue2OKTopics Discussed-Who could have predicted this?-The nuts and bolts of the bailouts-A brilliant move by the Fed?-Market Reaction-What's Next for Gold-The COMEX is in worse shape than the banks-Looking at the big pictureFor more information visit https://schiffgold.com/news.
Friday gold wrap host Mike Maharrey has been saying something is going to break in the economy for months due to the Fede's monetary tightening to fight inflation. Last Friday, something broke. It was the first crack in the dam. The Fed rushed in to plug the leak, but was it enough? In this episode of the podcast, Mike talks about the response to these bank failures and the possible ramifications.You can visit the show notes page here: https://bit.ly/3ZUbxDX-What caused SVB and Signature Bank to fail?-The nuts and bolts of the bank bailout program-The likely impact of the bank bailout program-Inflation is still winning-The next round of the inflation fight-Market impactsTune 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 https://schiffgold.com/news.
There has been a lot of talk about central bank digital currencies (CBDCs) lately. Supporters tell you they will provide a safe, secure, convenient alternative to cash. But in this episode of the Friday Gold Wrap, host Mike Maharrey digs deeper and explains that CBDCs are actually about more government control. He also talks about how Jerome Powell talked and tanked the markets this week.Visit the show notes page here: https://bit.ly/3mFogeQ-Jerome Powell performs "open-mouth" operations-Markets react to a hawkish Fed-What are central bank digital currencies?-The issue of control-Nigerians spurn government digital currencyTune 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 https://schiffgold.com/news.
Despite the hotter-than-expected CPI data for January, most people still seem confident that the Fed can win the inflation fight, drive CPI back to 2% in relatively short order, and then return to the easy monetary policy we all have come to expect. Friday Gold Wrap host Mike Maharrey does not share this optimism. In this episode, he outlines three reasons the Fed won't win the inflation fight.You can visit the show notes page here: https://bit.ly/3EUTCo1TOPICS COVERED-Disinflation is transitory-Recession warning signs-Three reasons the Fed won't win the inflation war-The recent correction in the gold and silver marketsTune 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 https:??https://schiffgold.com/news.
Why should you own gold in your investment portfolio? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about some reasons to own gold, including its historical wealth-preserving qualities and its role as a safe haven. He also talks about a new buzzword central bankers and politicians are using to make inflation seem less bad.Visit the show notes page here: https://bit.ly/3XWMRJ1TOPICS COVERED-The latest buzzword: "supercore" inflation-How as part of a well-balanced portfolio-Gold as a safe have in 2022-Gold and wealth preservation-Gold as an inflation hedge-Counterparty riskTune 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 https:??schiffgold.com/news.
Garbage in, garbage out. The phrase is usually associated with computers, but it also applies to the formulas used to generate government economic data. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey goes over the January CPI and retail sales data with that phrase in mind.You can visit the show notes page here: https://bit.ly/3S56b5FTOPICS COVERED-January CPI undercuts the disinflation narrative-Market reaction to the CPI data-More bad inflation news in PPI data-Disinflation is transitory-January retail sales blow past expectations-The dark side of the retail sales report-Why we should maintain a healthy skepticism when looking at all these numbersTune 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 https://schiffgold.com/news.
You've probably heard the saying that history might not repeat, but it often rhymes. If that's true, looking back at the runup to the 2008 financial crisis and Great Recession should cause concern. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at some of the parallels between then and now. He also digs deeper into the January jobs report and explains why you should be skeptical.You can visit the show notes page here: https://bit.ly/40N2OnATOPICS COVERED-Interest rate hikes then and now-Soft landing -- where have we heard that one before?-Should we change BLS to BS?-Five reasons to be skeptical of the non-farm payroll report-Central bank gold purchases set a record in 2022-Why are central banks buying gold?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 https://schiffgold.com/news.
Do you believe your eyes? Or do you believe your ears? That’s the dilemma you face as you try to make sense of the latest Federal Reserve meeting and Jerome Powell's messaging. It’s also a question to ask yourself if you’re evaluating the performance of gold over the last year. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explores this dilemma in both contexts.You can visit the show notes page here: https://bit.ly/3l4UrUbTOPICS DISCUSSED-The Fed's latest rate hike-Jerome Powell's messaging-Market Reaction to the Fed meeting-What will the Fed do next?-Gold demand in 2022Tune 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 https://schiffgold.com/news.
With a debt ceiling debate now underway, a dumb idea has once again raised its ugly head - the trillion-dollar coin. This week on the Friday Gold Wrap podcast, host Mike Maharrey uses this so-called "solution" to the debt ceiling problem as an opportunity to teach some economics. In this episode, he also touches on the GDP data that came out yesterday.You can visit the show notes page here: https://bit.ly/3j7gmcT-Q4 QDP-Is a "soft landing" in the cards?-The shrinking money supply-Comparing the runup to the Great Recession to the economic dynamics today-The economics of a trillion-dollar coin-Money isn't wealthTune 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 https://schiffgold.com/news.
Pop some popcorn and get ready for the next political dog and pony show. The US government bumped up against its statutory borrowing limit this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the looming debt ceiling fight and the deeper problems that will inevitably get ignored as everybody absorbs the political theater. He also talks about the growing bullishness in the gold market.You can visit the show notes page here: https://bit.ly/3J33yigTOPICS COVERED-Gold holds $1,900-The mainstream is getting bullish on gold-Why the mainstream is simultaneously right and wrong-Uncle Sam hits the debt ceiling-The history of the debt ceiling-How will the debt ceiling fight play out?-Why this is a big problem if you don't like inflationTune 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 https://schiffgold.com/news.
The headline numbers from December's CPI report give the impression that price inflation is continuing to cool. Markets are giddy at the prospect. But in this episode of the Friday Gold Wrap podcast, host Mike Maharrey argues that "cooling" price inflation is most likely transitory and the markets still don't really understand the Fed's position. He also gives an overview of gold's performance in 2022.You can visit the show notes page here: https://bit.ly/3QzJwgZTOPICS COVERED-A breakdown of the headline CPI numbers-A deeper dive into the data-The market perception of inflation and how it's wrong-How will the Fed play this?-An overview of gold's price performance in 2022Tune 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 https://schiffgold.com/news.
You have questions. Friday Gold Wrap host Mike Maharrey has answers. In this episode of the podcast, Mike answers questions submitted by listeners. He covers topics ranging from the American Silver Eagle shortage to the best states for sound money.Visit the show notes page here: https://bit.ly/3CpejXNTOPICS DISCUSSED-Is China manipulating the gold market?-What states are most friendly to gold and silver?-Why are American Silver Eagle premiums so high?-How will silver do in a stagflationary environment?-Why hasn't gold run higher?-What steps should people take to improve their financial solvency?-And more!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 https://schiffgold.com/news.
The Federal Reserve is trying to win a war against price inflation without tipping the economy into a recession. In this episode of the Friday Gold Wrap, host Mike Maharrey highlights two more reasons this is a game the Fed can't win. He also does a quick overview of the gold market in 2022 as we head toward the end of the year.You can visit the show note here: https://bit.ly/3WBa2IWTOPICS DISCUSSED-Gold in 2022-Another massive spending bill-Federal spending is the Fed's problem-The Fed's half-hearted balance reduction effortsTune 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 https://schiffgold.com/news.
Are the people who are predicting a big economic crash right? Or are they just crying wolf? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why it's hard to predict the exact timing of a crash even if you're certain it's on the horizon. He also talks about a couple of news items this week that caused the price of gold to yo-yo.You can visit the show notes page here: https://bit.ly/3jpvNNjTOPICS DISCUSSED-Gold rallies when the Bank of Japan makes a surprising policy adjustment-Gold sells off after better-than-expected weekly unemployed data.-Why fixating on jobs isn't the best way to gauge the health of the economy-The difficulty in timing economic events-How the run-up to 2008 looks a lot like todayTune 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.
It’s easy to get caught up in the day-to-day gyrations of the market, pronouncements of certain government or central bank officials, and the most recent data dump. So, it's important to keep your eye on the ball. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the latest inflation data and the Fed meeting with his eye firmly focused on that ball.You can visit the show notes page here: https://bit.ly/3Wlsq8mTOPICS DISCUSSED-November CPI data-The Fed's latest rate hike-Jerome Powell's hawkish talk-Why a recession is inevitable-Market reactionTune 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 https://schiffgold.com/news.
Mark Twain once said there are lies, damn lies, and statistics. The government excels in all three. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the recent jobs data. He reveals that the numbers just don't add up and explains why the labor market might not be as awesome as the mainstream keeps telling you. He also talks about the newest data on central bank gold buying.Visit the show notes here: https://bit.ly/3W1ECuHTune 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 https://schiffgold.com/news.
Fed ChairJerome Powell came out this week and indicated the central bank is set to pivot away from its aggressive rate hikes. But he couched the announcement in hawkish terms. The markets bought the pivot and ignored the hawkishness. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey puts Powell's remarks in a broader context and speculates about what might be coming down the pike.-Jerome Powell's speech -The Fed's "knowledge problem"-Gold breaks $1,800-The feckless inflation fight-Something in the economy is going to breakYou can visit the show note page here: https://bit.ly/3OUFmPPTune 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 https://schiffgold.com/news.
There are a lot of things they didn't teach you in school. In this episode of the Friday Gold Wrap, host Mike Maharrey tells you a Thanksgiving story you've probably never heard before - at least not from your school teacher. He also touches on the Fed minutes that came out this week that seem to confirm a soft pivot on rate hikes.
You can visit the show notes here: https://bit.ly/3gGn3Bf
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 https://schiffgold.com/news.
People in the financial media tend to talk about inflation as an academic exercise. As a result, it's easy to forget that rising prices cause real pain for real people. And Americans are feeling that pain today. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey highlights some ways inflation is impacting regular people. He also explains why he thinks stagflation is the most likely outcome of this inflation fight.
TOPICS COVERED
-Walmart reports strong sales with more affluent customers coming through the doors -Americans burying themselves in debt -Inflation is on purpose and it's anti-human -Why stagflation is more likely than disinflation
You can visit the show notes page here: https://bit.ly/3TP8kSe
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 https://schiffgold.com/news.
They say perception is reality. Based on the October CPI data, the perception is inflation has peaked. But what's the reality? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI data along with the markets' reaction to it and wonders if the inflation victory dance is a little premature. He also talks about the big rally in gold and central bank gold buying.
-An objective look at the CPI data -Market reaction to the CPI data -The trajectory of the dollar -The Fed's soft pivot -The gold rally -Central banks buying gold
You can visit the show notes page here: https://bit.ly/3GdC9c5
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 https://schiffgold.com/news.
The Federal Reserve delivered a 75-basis point rate hike at its November meeting, as expected. But what's next? That's a little harder to decipher. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the mixed messaging that came out of the Fed meeting and concludes the central bank's monetary policy is "a wing and a prayer." He also covers the recently released Q3 gold demand data.
Topics Discussed
-The Fed doesn't seem to have a real plan -Fed Chairman Jerome Powell's mixed messages -Market reaction to the Fed meeting -A comparison of rate hikes before the 2008 financial crisis to today -Third-quarter gold demand shows a healthy increase -The October labor market report
You can visit the show notes page here: https://bit.ly/3zJJegt
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 https://schiffgold.com/news.
The third quarter GDP data came out this week and it looks like the recession is over. (If there ever was one.) But in this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the data and says, "Not so fast!" He also talks about a mainstream economist who sounds a lot like Peter Schiff and a big problem brewing with diesel fuel.
Visit the show notes page here: https://bit.ly/3TJUTUg
Topics Covered
A breakdown of the Q3 GDP data Other economic indicators flashing recession Economist Nouriel Roubini says the Fed will "wimp out" on its inflation fight The dollar and gold A looming diesel fuel shortage and the future of green energy
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 https://schiffgold.com/news.
Inflation is raging. The economy is teetering on the brink. Government spending is out of control. All of this has a root cause. Our money is broken. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about what broke our money and the only way to fix it. He also reveals the illusion of rising wages and breaks down Whoopi Goldberg's inflation blame game.
You can visit the show notes page here: https://bit.ly/3sylesJ
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 https://schiffgold.com/news.
The September Consumer Price Index (CPI) data came out on Thursday. Once again, it was "hotter than expected," despite the Federal Reserve hiking rates by over 3% since March. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data in the context of the Fed's inflation fight and concludes "this is what losing looks like."
You can visit the show notes page here: https://bit.ly/3MwWYQI
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 https://schiffgold.com/news.
Last week, the Bank of England threw in the towel on its inflation fight and launched a quantitative easing program. Why? Because something broke in the UK financial system. That led to a rally in stocks and precious metals this week as many in the US realized the Fed might be closer to a pivot than previously thought. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about why he thinks something is going to eventually break in the US economy.
You can visit the show notes page here: https://bit.ly/3CF7P7O
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 https://schiffgold.com/news.
Americans have been laboring under the burden of inflation for well over a year. Mises Institute President Jeff Deist argues that inflation is an intentional policy and should be considered "state-sponsored terrorism."
In this Metal Exchange interview, host Mike Maharrey talks with Jeff about this assertion.
Mike and Jeff talk about Fed monetary policy and its impacts. They dig deep into the economic impact, but they also go deeper, talking about the pernicious effects it has on society.
With a hurricane barreling toward his home, Friday Gold Wrap podcast host Mike Maharrey called an audible and recorded this week's show ahead of time. And since the hurricane is in the news, as well as top-of-mind for his family, he uses it as a jumping-off point to talk about some economics including the concept of "price gouging" and the "broken window fallacy. He also touches on dollar strength and how it's impacting the gold and silver markets.
Visit the show notes page here: https://bit.ly/3fspYwy
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 https://schiffgold.com/news.
The September Federal Reserve meeting wrapped up this week with another 75 basis point rate hike. And Fed Chairman Jerome Powell admitted that there is going to be some pain as the central bank continues to fight inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey reacts to the meeting and the Fed's messaging. He said he thinks Powell & Co. are drastically understanding the coming pain.
You can visit the show notes page here: https://bit.ly/3feS3aD
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 https://schiffgold.com/news.
We got the August CPI data this week and it came in hotter than expected. Stocks suffered a big selloff. Everybody is betting on the Fed to get even more aggressive in its inflation fight. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the data and exposes a dirty little secret that the mainstream still hasn't come to grips with.
You can visit the show notes here: https://bit.ly/3eYOJ3n
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 https://schiffgold.com/news.
This week was the calm before the storm that will begin next week with the August CPI data and continue with the September FOMC meeting the following week. Friday Gold Wrap host Mike Maharrey takes advantage of the lull to cover some interesting topics including some more tough talk on inflation from Jerome Powell, the prospect of the Fed recording its first operating loss since 2023, and silver on sale.
You can visit the show notes page here: https://bit.ly/3qoqUnS
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 https://schiffgold.com/news.
The Kansas City Federal Reserve Bank published a rather surprising paper that swerves into the truth - the Fed can't win this inflation fight. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the paper. He also discusses the possibility of a dollar decline and gives his first impression of the August jobs report.
You can visit the show notes page here: https://bit.ly/3B3bXg7
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 https://schiffgold.com/news.
This week, President Biden announced a plan to forgive $10,000 to $20,000 in student loan debt. It sounds nice and some people will certainly benefit, but as SchiffGold Friday Gold Wrap podcast host Mike Maharrey explains, we're all going to pay for this. In this episode, Mike also talks about Jerome Powell's upcoming Jackson Hole speech, the state of the economy and some interesting gold market news.
You can visit the show notes page here: https://bit.ly/3QUwNoj
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 https://schiffgold.com/news.
Over the last several months, you may have noticed a new series of articles with a data-driven focus here at SchiffGold. In this Metal Exchange interview, host Mike Maharrey talks to the man behind those posts.
Mike and Tony dig into the ins and outs of technical, data-driven analysis and how it can expand our understanding of the gold and silver markets.
Topics Discussed
What is technical analysis?
What types of data can we analyze?
The benefits and limitations of this type of analysis?
What does a deeper look at the national debt tell us?
What is the COMEX?
How does COMEX activity impact the gold and silver markets?
What is the difference between ETFs and Future Contracts?
Is it really possible to short-squeeze the silver market?
What about price manipulation?
SchiffGold’s Metal Exchange features interviews with movers and shakers in the world of precious metals, investing, politics and economics.
It was a relatively slow news week in the financial realm. For once, the Fed didn't do anything particularly noteworthy. So, Friday Gold Wrap Host Mike Maharrey took advantage of the lull. Along with covering some economic data and media spin, he hit on a couple of subjects he hasn't been able to get to in recent weeks, including the fatal flaw in Keynesian economics and the prospect of manipulation in the gold and silver markets.
You can visit the show notes page here: https://bit.ly/3CekMpv
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 https://schiffgold.com/news.
The Consumer Price Index data for July cooled even more than expected. The question is how will the Federal Reserve play this? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data, talks about the Fed reaction, and speculates about the Fed's next move and its impact on the economy.
You can visit the show notes page here: https://bit.ly/3duJfg1
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 https://schiffgold.com/news.
Jobs are on everybody's mind as the July employment report comes out. Will the labor market show more cracks? Or will it give the pundits more room to spin the idea that we're not really in a recession? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the labor market and breaks the July jobs data news as it comes out. He also talks about the "health" of the American consumer and gold's flirtation with $1,800 an ounce.
You can visit the show notes page here: https://bit.ly/3SxnLPl
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 https://schiffgold.com/news.
This week, the Federal Reserve raised interest rates another 75 basis points despite a second straight quarter of negative GDP growth. Meanwhile, Congress is debating a big government spending bill to "reduce inflation." In this week's Friday Gold Wrap podcast, host Mike Maharrey tries to unspin all of the spin and government propaganda to make some sense of what's going on.
Visit the show notes page here: https://bit.ly/3PLNcuG
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 https://schiffgold.com/news.
We've heard all kinds of excuses for inflation. It was COVID. It was Putin's price hikes. It's greedy corporations. This week, we learned it's the millennials' fault. As host Mike Maharrey explains in this week's Friday Gold Wrap, all of these notions miss the mark. And they let the real culprit get off scot-free. How? They've redefined inflation. Words matter!
Visit the show notes page here: https://bit.ly/3opKfUS
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 https://schiffgold.com/news.
It happened again. The CPI data for June came in hotter than expected. Prices rose at the fastest pace in this inflationary cycle. That pushes the Fed ever closer to having to make a very difficult choice. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the most recent CPI data and talks about the "Sophie's choice" facing the Federal Reserve.
You can visit the show notes page here: https://bit.ly/3RzBqVN
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 https://schiffgold.com/news.
The Federal Reserve is putting on quite the tough guy act. Everybody is convinced the central bank is going to keep up the inflation fight even if the economy gets shaky. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed's hawkish messaging and wonders out loud if the central bankers are writing checks they can't cash.
You can visit the show notes page here: https://bit.ly/3OUFKwU
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 https://schiffgold.com/news.
Federal Reserve Chairman Jerome Powell continues to insist that the economy is strong enough to withstand tighter monetary policy to fight inflation. But the economy seems to be saying otherwise. So, how will this play out? In this week's Friday Gold Wrap podcast, host Mike Maharrey gazes into his crystal ball and speculates about what might happen over the next several months. He also tells the tale of two central bankers and discusses the current gold market.
You can visit the show notes page here: https://bit.ly/3OGQ5wr
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 https://schiffgold.com/news.
problem. But as host Mike Maharrey explains in this episode of the Friday Gold Wrap, all of their solutions are the equivalent of dumping buckets of water on a drowning man.
You can visit the show notes page here: https://bit.ly/3A2xKp3
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 https://schiffgold.com/news.
The Federal Reserve just gave us the biggest interest rate hike since 1994. A month ago, we were told a 75 basis-point hike wasn't on the table. It almost seems like the central bankers are winging it. Or as Friday Gold Wrap podcast host Mike Maharrey puts it, it's like they're playing darts while wearing blindfolds. In this episode, Mike breaks down the rhetoric coming out of this Fed meeting and speculates on what might be next.
You can visit the show notes page here: https://bit.ly/3xU7KK7
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 https://schiffgold.com/news.
The Consumer Price Index (CPI) data for May came out this morning. The projection was for another hot headline number but some relief in core CPI. This would seem to indicate we've passed peak inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharey explains why "good news" in the CPI data would be bad news for inflation. Then he reacts to the data in real-time. (Hint -- it wasn't good news.)
You can visit the show notes page here: https://bit.ly/3MFI9tm
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 https://schiffgold.com/news.
Why haven't gold and silver rallied as one would expect in such a high inflation environment? In this episode of the Friday Gold Wrap, host Mike Maharrey delves into some of the psychology driving the markets and explains why it could be blinding people to just how serious the economic situation has become. He also reports some news that indicates some people may be starting to figure it out.
You can visit the show notes page here: https://bit.ly/3aFxMZt
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 https://schiffgold.com/news.
When the Federal Reserve tinkers with interest rates, it creates all kinds of economic distortions. This is very obvious in the housing market. Over the last couple of years, the Fed blew up a giant housing bubble. Now, the central bank has pricked that bubble. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at the housing market as a microcosm of the broader economy.
You can visit the show notes page here: https://bit.ly/3GnnWHu
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 https://schiffgold.com/news.
There is a lot of spin out there when it comes to economic news. You get spin from the corporate media, You get spin from government officials. And you get spin from central bankers. In this episode of the Friday Gold Wrap, host Mike Maharrey spins the spin, breaking down the media take on the retail sales numbers and Jerome Powell's spin during a talk this week. Whom should we believe? Listen and decide.
You can visit the show notes page here: https://bit.ly/3wzsciy
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 https://schiffgold.com/news.
When we got the March CPI data last month, the mainstream crooned that it looked like we were at peak inflation. This was wishful thinking. The April CPI data that came out this week, along with the producer price numbers, indicate that we're still climbing that inflation mountain. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the data and discusses how it could impact the trajectory of Fed monetary policy and the economy.
You can visit the show notes page here: https://bit.ly/3Lbvfmm
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 https://schiffgold.com/news.
The Fed hiked rates 0.5% this week in an effort to stem the inflation tide. But the economy already looks shaky and the central bank has barely started this inflation fight. Friday Gold Wrap host Mike Maharrey breaks down the messaging that came out of the Fed meeting and concludes the central bank is getting closer and closer to a crossroads. What will the central bank do? And what will it mean for the economy?
Visit the show notes page here: https://bit.ly/3kNQEqR
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 https://schiffgold.com/news.
Jerome Powell and other policymakers at the Fed keep telling us they can raise interest rates and slay the inflation dragon because the economy is strong. But these central bankers have a long history of being wrong. And as host Mike Maharrey explains in this episode of the Friday Gold Wrap podcast, the recent GDP numbers undercut this latest Fed narrative. He also talks about a startling confession from the IMF director and Q1 gold demand.
You can visit the show notes page here: https://bit.ly/3EXp1VE
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 https://schiffgold.com/news.
The Fed faces a real conundrum. Bond yields continue to rise. The only thing that can stop it is a central bank pivot back to rate cuts and quantitative easing. But the Fed needs to raise rates and shrink its balance sheet to fight inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the bond market and Fed's conundrum. He also goes on a little rant about taxes.
You can visit the show notes page here: https://bit.ly/3v3G5pK
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 https://schiffgold.com/news.
We got the CPI data for March this week. As expected, prices spiked significantly again last month. A lot of people in the mainstream are calling it "Putin's price hike." Friday Gold Wrap podcast host Mike Maharrey says it would be more appropriate to call it Powell's price hike. In this episode of the podcast, he digs into the CPI data and explains why the blame for high prices is largely misplaced and inflation probably hasn't peaked.
Visit the show notes page here: Visit the show notes page here: https://bit.ly/3M6pfMG
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 https://schiffgold.com/news.
Earlier this week, Lael Brainard said the Federal Reserve will run off its balance sheet at a considerably more rapid pace than it did last time around. SchiffGold Friday Gold Wrap host Mike Maharrey thinks Brainard and the rest of the Fed officials suffer from delusions of grandeur if they think they can really pull this off. In this episode, he explains exactly why balance sheet reduction is doomed to fail.
You can visit the show notes page here: https://bit.ly/3jgtyIL
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 https://schiffgold.com/news.
When you change the definition of words, it can create confusion. This is exactly why politicians have worked so hard to change the definition of inflation. As a result, a lot of people are very confused. In this Friday Gold Wrap podcast, host Mike Maharey explains how the meaning of inflation has changed and why it matters. He also talks about signals flashing from the bond and real estate markets.
You can visit the show notes page here: https://bit.ly/3uLtshI
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 https://schiffgold.com/news.
The Fed threw a pretty weak first punch at inflation with a quarter-point interest rate hike last week. But Fed Chair Jerome Powell followed up with some tough talk this week. The question is what will he do when the economy punches him in the face? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about Powell's attempt to bully inflation and if it might backfire.
You can visit the show notes page here: https://bit.ly/3JGBy1k
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 https://schiffgold.com/news.
The Fed launched its much-anticipated war on inflation this week. It wasn't much of a first strike. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and what might come next. He also touches on the possibility of a "petroyuan."
You can visit the show notes page here: https://bit.ly/3wj86dP
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 https://schiffgold.com/news.
We got the February CPI data yesterday. There is some bad news in the report and then there is some really bad news. In this episode, SchiffGold Friday Gold Wrap Host Mike Maharrey breaks it all down. He also talks about gold's rollercoaster ride this week in the context of inflation and the Russia-Ukraine situation.
You can visit the show notes page here: https://bit.ly/3t1lC3F
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 https://schiffgold.com/news.
You're getting less for more every time you pull out your wallet. Inflation is chewing up the average person's paycheck. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the real pain of inflation. He also talks about Jerome Powell's testimony before Congres, the trajectory of monetary policy, the strength of the economy, and he breaks the February jobs report live.
You can visit the show notes page here: https://bit.ly/3hFU9hu
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 https://schiffgold.com/news.
You've probably heard people say inflation is being caused by "greedy corporations." They back up this increasingly popular narrative with tales of "excessive corporate profits." In this episode of the Friday Gold Wrap, host Mike Maharrey busts this myth. He also talks about the wild ride in the gold and silver markets after Russia invaded Ukraine.
You can visit the show notes page here: https://bit.ly/3M5beQe
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 https://schiffgold.com/news.
There was more bad inflation news this week. So, the Fed is about to ramp up the inflation fight, right? Not so fast. In this episode of the Friday Gold Wrap, host Mike Maharrey argues that the central bank isn't set to go to war with inflation because it can't. And he explains how St. Louis Fed President James Bullard let the cat out of the bag.
You can visit the show notes page here: https://bit.ly/3gX2rkS
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 https://schiffgold.com/news.
The Federal Reserve still seems to be hoping that inflation will just go away on its own or that it can jawbone it down by projecting a few little rate hikes. But the Consumer Price Index data keeps dashing its hopes. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the January CPI and the Fed's proposed "fight" against inflation. He also discusses the demand forecast for silver this year.
You can visit the show notes page here: https://bit.ly/3LtRfdk
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 https://schiffgold.com/news.
With little fanfare, the national debt crossed the $30 trillion threshold this week. That is an unfathomable number. And as host Mike Maharrey explains in this week's Friday Gold Wrap podcast, it's worse than that. Most people aren't concerned. Maharrey argues that they should be, likening the federal government's borrow and spend policy to a monetary Jenga game.
You can visit the show notes page here: https://bit.ly/3Ht0l81
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 https://schiffgold.com/news.
The Federal Reserve held its first FOMC meeting of 2022. The central bank didn't do anything, but the tone coming out of the meeting was widely perceived as even more "hawkish." Everybody is convinced the Fed really means it now. The inflation fight is on. Is it though? Host Mike Maharrey talks about the messaging and perceptions coming out of this meeting and calls it a big flim-flam.
Visit the show notes page here: https://bit.ly/3u8L2h4
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 https://schiffgold.com/news.
It is often said that perception is reality. Politicians spend a tremendous amount of time and energy trying to shape perceptions. So, how does the average American perceive the US economy? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about economic perceptions - both those the politicians are trying to create and those actually held by American consumers.
Visit the show notes page here: https://bit.ly/3Ir29yw
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 https://schiffgold.com/news.
December gave us another big jump in consumer prices. But despite a lot of talk about an inflation war, accommodative monetary policy remains in play. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data, Jerome Powell's Senate testimony, and Joe Biden's plan to fix rising meat prices. That story has a fun plot twist.
You can visit the show notes page here: https://bit.ly/33FkSHy
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 https://schiffgold.com/news.
The Federal Reserve released the minutes from the December FOMC meeting this week. They were even more hawkish than expected. That sparked a big taper tantrum in the markets. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey gives an overview of the minutes and then asks seven poignant questions they raise that aren't being asked by the mainstream.
Visit the show notes page here: https://bit.ly/33anih4
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 https://schiffgold.com/news.
We're on the cusp of a new year. We certainly had a wild ride in 2021 with continuing coronavirus drama, inflation that turned out to be not so transitory, and a record-breaking stock market bubble. So, what was the biggest story of 2021? Friday Gold Wrap host Mike Maharrey thinks it was a story that wasn't told - the story of real interest rates. He wraps up the year by telling that story.
Visit the show notes page here: https://bit.ly/3eBGjeC
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 https://schiffgold.com/news.
We got more bad inflation news this week as the Federal Reserve wrapped up its final FOMC meeting of the year. Supposedly, the central bank has launched its war on inflation. Has it though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about inflation and the Fed meeting and explains why it looks more like the Fed is taking a pea shooter into a bazooka fight.
You can visit the show notes page here: https://bit.ly/3q27LHW
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 https://schiffgold.com/news.
Pretty much everybody now expects the Federal Reserve to go to war against inflation, but the central bank has a problem not many people seem to be talking about - an economy buried under debt. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about consumer debt levels and their ramifications. He also discusses central bank gold-buying and breaks the November CPI data live.
You can visit the show notes page here: https://bit.ly/33kgfCv
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 https://schiffgold.com/news.
After President Biden announced he was reappointing Jerome Powell for a second term as Federal Reserve Chairman, Powell went hawkish, saying it's time to retire the word "transitory" when it comes to inflation and talking about speeding up the taper. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Powell transformation and questions whether a dove can really change his feathers.
You can visit the show notes page here: https://bit.ly/3ElNgfb
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 https://schiffgold.com/news.
Earlier this week, President Joe Biden announced Jerome Powell will serve a second term as chair of the Federal Reserve. In effect, Biden stuck with the status quo. But the markets reacted as if big changes are afoot. Gold sold off hard, falling back below $1,800 an ounce. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about Powell's appointment and the market's reaction to it.
You can visit the show notes page here: https://bit.ly/30W9GW1
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 https:schiffgold.com/news.
The retail sales numbers for October came in even better than expected. The mainstream reported this as fantastic news -- proof that the economy is booming. Meanwhile, Janet Yellen went on national TV and put a new spin on the transitory inflation narrative. In this week's Friday Gold Wrap, host Mike Maharrey explains why you shouldn't fall for all this mainstream and government spin.
You can visit the show notes page here: https://bit.ly/30F3qlk
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.
The October Consumer Price Index data came out this week. They expected it to come in hot. But not this hot. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI numbers, along with another inflation index that looks even worse, and he wonders out loud how anybody can still buy into this "transitory" inflation narrative.
You can visit the show notes page here: https://bit.ly/3C5qJkF
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 https://schiffgold.com/news.
The Federal Reserve wrapped up its FOMC meeting on Wednesday and finally announced the much-anticipated QE taper. The Fed will cut its bond-buying program by about $15 billion a month. But so what? In this episode of the Friday Gold Wrap, host Mike Maharrey digs into the Fed announcement and raises some very important questions.
You can visit the show notes page here: https://bit.ly/3bOCfpO
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 https://schiffgold.com/news.
Is inflation transitory, as Federal Reserve Jerome Powell has claimed for months? Or are we on the verge of hyperinflation, as Twitter CEO Jack Dorsey recently warned? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks inflation, digs into the data, and concludes that it's pretty clear we're in an inflationary spiral.
You can visit the show notes page here: https://bit.ly/3CGepZz
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 https://schiffgold.com/news.
In this episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listener questions. Some of the topics covered include bitcoin, fractional reserve banking, the silver/gold ratio, gold as a safe haven, precious metals in a crisis, and more.
You can visit the show notes page here: https://bit.ly/3Gkw6jw
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 https://schiffgold.com/news.
Last week's jobs numbers came in weaker than expected. September's CPI came in hotter than expected. That puts the Federal Reserve between a rock and a hard place. Does it tighten monetary policy to fight inflation? Or does it keep stimulating to boost the economy? In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the data and says it's about time for the central bank to pick its poison.
You can visit the show notes page here: https://bit.ly/30pdi1T
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 https://schiffgold.com/news.
Inflation continues to run hot. Even some of the folks over at the Fed are having a hard time peddling the "transitory" inflation narrative. But politicians and government officials lack the skill of self-reflection. As a result, they can't clearly see the problem. In this episode of the Friday Gold Wrap, host Mike Maharrey looks at some of the latest inflation data and the Fed's response to it. He also touches on the fake debt ceiling fight and breaks the September job report numbers.
You can visit the show notes page here: https://bit.ly/2WTcwc6
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 https://schiffgold.com/news.
The Federal Reserve wrapped up another FOMC meeting with a whole lot of talk and very little action. Interest rates remain at zero and quantitative easing continues unabated. The mainstream headlines are all focusing on the prospect of QE tapering. In this episode, Friday Gold Wrap host Mike Maharrey explains why he'd write a completely different headline about this Fed meeting.
You can visit the show notes page here: https://bit.ly/2XHG5xm
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 https://schiffgold.com/news.
CPI data came in slightly cooler than expected for August, giving new energy to the "transitory" inflation narrative. But can we really trust these numbers? In this episode, Friday Gold Wrap host Mike Maharrey takes a deep dive into the CPI and considers this question. He also touches on the big gold sell-off Thursday sparked by surprisingly good retail sales numbers.
You can visit the show notes page here: https://bit.ly/2Z6admS
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 https://schiffgold.com/news.
The government is always promising to fix things. It has policies to fix the economy, fix foreign countries, and even fix the pandemic. But as Friday Gold Wrap podcast host Mike Maharrey explains in this episode, instead of fixing things, the government wrecks pretty much everything it touches.
You can visit the show notes page here: https://bit.ly/38WBB8u
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 https://schiffgold.com/news.
Federal Reserve Chairman Jerome Powell spent most of his Jackson Hole speech continuing to try to convince everybody that inflation is transitory. As Friday Gold Wrap podcast host Mike Maharrey points out in this episode, whether it is or isn't transitory, inflation is a real thing that has a real impact on real people. In this show, he also breaks the news on the August jobs numbers and discusses taper talk.
You can visit the show notes page here: https://bit.ly/3yFthEn
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 https://schiffgold.com/news.
Jerome Powell will speak today at the Jackson Hole economic summit. Everybody is on pins and needles in anticipation of the Fed chairman's speech. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey discusses the Fed's messaging and then moves past the talk to discuss the "here and now" reality. He also spends some time talking more fundamentally about gold as part of an investment strategy.
You can visit the show notes page here: https://bit.ly/3DpEwEP
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 https://schiffgold.com/news.
This week marked the 50th anniversary of President Richard Nixon slamming shut the "gold window" and cutting the last tether between the dollar and gold. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains exactly what Nixon did and the impact of 50 years of monopoly money. He also covers some of the week's economic data and the release of the Fed's July minutes.
You can visit the show notes page here: https://bit.ly/3D2P6kP
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 https://schiffgold.com/news.
Gold and silver tanked after last Friday's job report. But both metals have rallied a bit since the July CPI numbers came in right at expectations. In this episode of the Friday Gold Wrap, host Mike Maharrey looks a little deeper at jobs and CPI. Then he goes off-script and addresses some listener comments.
You can visit the show notes page here: https://bit.ly/2VSbrR6
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 https://schiffgold.com/news.
When it comes to precious metals investing, gold tends to hog the spotlight. But silver is also important to investors, both as an industrial and a monetary metal.
In this Gold Exchange interview, host Mike Maharrey chats with Silver Institute Executive Director Michael DiRienzo about the current state of the silver market and where it's going in the future.
You can visit the show notes page here: https://bit.ly/3iI7tDE
Gold was solidly above $1,800 an ounce this week until Fed Vice Chair Richard Clarida mentioned the economy reaching the Fed's goals earlier than expected and raised the specter of monetary policy tightening. But is the economy really improving as much as everybody seems to think? In this week's Friday Gold Wrap, host Mike Maharrey digs into some of the economic numbers and determines they're faking it.
You can visit the show notes page here: https://bit.ly/3xvWnWl
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 https://schiffgold.com/news.
The Federal Reserve held its July meeting this week. Once again, it didn't do anything. But there was certainly plenty of talk to dissect. In this episode of the Friday Gold Wrap, host Mike Maharrey does just that with some analysis of the messaging coming out of the Fed meeting, along with a look at the newly released GDP numbers.
You can visit the show notes page here: https://bit.ly/3xdEWK2
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 https://schiffgold.com/news.
Pop some popcorn. It's time for some political theater. Congress is gearing up for another debt ceiling fight. In this episode of the Friday Gold Wrap, host Mike Maharey gives you a preview of the next big Washington DC blockbuster production, complete with some debt ceiling history and an explanation as to why we shouldn't need one. Maharrey also covers retail sales, inflation and the latest movement in the gold market.
Visit the show notes page here: https://bit.ly/2TtA6ue
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 https://schiffgold.com/news.
Consumer price index data came in hotter than expected. Again. The producer price index data also came in well above projections. But Fed Chair Jerome Powell continues to stick to his "inflation is transitory" story. On this episode of the Friday Gold Wrap, host Mike Maharry digs into the inflation data and highlights Powell's comments on Capitol Hill. He concludes the story is really all they've got.
You can visit the show notes page here: https://bit.ly/3hJuky7
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 https://schiffgold.com/news.
This week, the IMF undercut the Fed's "transitory" inflation narrative, warning about the possibility of sustained inflation in the US. But the real question remains unanswered - what will the Fed do about it? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the options on the table. None of them seem particularly good. That raises another question: how long can the politicians and central bankers keep this thing going?
You can visit the show notes page here: https://bit.ly/2VpvUMS
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 https://schiffgold.com/news.
Will the Federal Reserve tighten monetary policy to fight inflation? Or will it keep its loose monetary policy in place to support the fake recovery? The central bank has a profound influence on the economy, for better or for worse. But should the Federal Reserve even exist? In this episode of the Friday Gold Wrap, host Mike Maharrey argues that it shouldn't - not if you follow the original meaning of the Constitution. He makes his case with an interesting history lesson on the creation of the First Bank of the United States.
You can visit the show notes page here: https://bit.ly/3y8hiQ2
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 https://schiffgold.com/news.
Yesterday, President Joe Biden announced Republicans and Democrats have come up with a $1.2 trillion infrastructure deal. But where is Uncle Sam going to come up with the money? And what does this tell you about the likely trajectory of Federal Reserve monetary policy? Host Mike Maharrey talks about it in this episode of the Friday Gold Wrap podcast. He also discusses the latest talk, talk, talk coming out of the Fed.
You can visit the show notes page here: https://bit.ly/3d8Y7xt
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 https://schiffgold.com/news.
The Federal Reserve wrapped up its June meeting this week. The markets are convinced Jerome Powell has gone hawkish. Has he though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the messaging coming out of the FOMC meeting and reaches a completely different conclusion. He also compares and contrasts three competing narratives about the trajectory of Fed monetary policy.
You can visit the show notes page here: https://bit.ly/35y8WEX
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 https://schiffgold.com/news.
We got another round of hotter than expected CPI data this week. The mainstream financial media is spinning this as good news. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into the CPI data without the rose-colored glasses. He also talks about an announcement by a major restaurant chain that may well be a canary in the coal mine. His conclusion - in the end, economics wins.
You can visit the show notes page here: https://bit.ly/3vfrcxs
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 https://schiffgold.com/news.
With some positive economic data coming out this week, investors suddenly went bullish on the economy again and decided that the Fed is surely going to deal with inflation now. Will it though? In this Friday Gold Wrap Podcast episode, host Mike Maharrey speculates about the Fed's next move. He also looks ahead and talks about the long-term future of the dollar. Can we assume it will always be the reserve currency?
You can visit the show notes page here: https://bit.ly/3fQa2lt
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 https://schiffgold.com/news.
The Fed wants us to believe everything is under control. The economy is improving. Inflation is transitory. Good times are ahead. But behind the scenes, central bankers and government officials are scrambling to keep all the economic props in place. As they intervene in one area of the economy, they create problems in another. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about some of these interventions along with gold's recent rally above $1,900.
You can visit the show notes page here: https://bit.ly/2TtEHMV
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 https://schiffgold.com/news.
After last week's hotter than expected CPI data, gold sold off, following a pattern we've seen over the last few months. But in the last week, gold has rallied, knocking on the door of $1,900. In fact, there has been a broader pivot in the market that could indicate the mainstream is ready to face the reality of inflation. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the big pivot. He also discusses some bullish fundamentals in the silver market.
You can visit the show notes page here: https://bit.ly/3bJgNDe
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 https://schiffgold.com/news.
CPI came in much hotter than expected. Fed Vice Chairman Richard Clarida actually said, “We were surprised by higher than expected inflation data.” But should we really be surprised by this? In this episode, Friday Gold Wrap host Mike Maharrey talks about inflation and suggests maybe you shouldn't be shocked. He also discusses the whacked-out labor market.
You can visit the show notes page here: https://bit.ly/3boR0Qu
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 https://schiffgold.com/news.
Treasury Secretary Janet Yellen did a big flip-flop this week. Her comments and her subsequent attempt to walk them back were telling. She accidentally revealed the ugly truth about inflation and the central bank's ability to deal with it. In this episode of the Friday Gold Wrap, host Mike Maharrey takes Yellen to task. He also talks about the recent rally in both gold and silver.
You can visit the show notes page here: https://bit.ly/3uuh4RU
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 https://schiffgold.com/news.
What is the government doing to your money? And how can you protect yourself?
These are key questions facing every American today. In this bonus episode interview, Friday Gold Wrap Podcast host Mike Maharrey tries to dig out some answers with investment veteran and author E.B. Tucker.
Tucker is the author of "Why Gold? Why Now? The War Against Your Wealth and How to Win It."
As the title suggests, the book about investing in gold. But it's really about far more than that. It explains how government actors and central bankers are destroying your wealth through intentional policies that warp the economy and devalue your money.
But as Tucker explains in the book, once we understand the problem, we can take steps to protect our wealth.
In this interview, Mike and E.B. talk about the current state of the economy with a focus on dollar devaluation, inflation, and the power of gold as an investment to help win the war against your wealth. We also discuss gold royalty companies and how they fit into the broader gold market.
There was a lot of news and economic data that came out this week. The Fed held its April meeting. President Biden unveiled yet another tax and spend plan. And the Q1 GDP numbers came out. In this episode of the Friday Gold Wrap, host Mike Maharrey gives an overview of the week's news and draws a rather unsettling conclusion -- this economy is totally jacked up.
You can visit the show notes page here: https://bit.ly/3eJ610n
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.
There's been some chatter in the financial media about the decline of the gold market. Gold is a relic of the past and crypto will replace it as the go-to safe haven and inflation hedge, according to some. But as host Mike Maharrey explains in this episode of the Friday Gold Wrap podcast, the demise of the gold market is greatly exaggerated. A lot of people still want gold. Mike also touches on the national debt in this episode. It's even worse than most people think.
You can visit the show notes page here: https://bit.ly/3epyat9
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 https://schiffgold.com/news.
CPI came in even hotter than expected signaling rising inflation. The US government is running a massive record budget deficit. But we're told these things aren't a problem. Budget deficits don't really matter. Inflation is transitory. But how can we be so sure? On this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about it.
You can visit the show notes page here: https://bit.ly/3x0bqbN
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 https://schiffgold.com/news.
Gold hit its highest price in five weeks after the release of the March Federal Reserve meeting minutes and comments by Jerome Powell both reiterated the central bank's dovish position. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed's dovish cry and how this could play out. He also discusses a strange dichotomy in the unemployment numbers.
You can visit the show notes page here: https://bit.ly/3d1hkRR
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 https://schiffgold.com/news.
Joe Biden unveiled his massive infrastructure spending plan complete with tax increases this week. The president says it will create "opportunities." But what about the opportunities that will never be realized because Biden and company went on a spending spree with our money? Host Mike Maharrey talks about it in this week's Friday Gold Wrap podcast, along with the latest precious metals and Fed news.
You can visit the show notes page here: https://bit.ly/3fypKSr
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 https://schiffgold.com/news.
Every time the economy gets into trouble, governments and central banks react the same way. They slash interest rates and loosen monetary policy. This gooses the economy -- temporarily. But when the next crisis comes, it takes an even bigger dose of extraordinary monetary policy to revive the economy. The Fed has pushed things into the future several times, but as Friday Gold Wrap host Mike Maharrey explains, at some point you've got to pay the piper. In this episode, he also discusses the bond market and the latest Fed talk.
You can visit the show notes page here: https://bit.ly/3d63lct
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 https://schiffgold.com/news.
The Federal Reserve held its March FOMC meeting this week. There were no changes in monetary policy, but there was plenty of talk. The question is does anybody really believe what the Fed is saying? SchiffGold Friday Gold Wrap podcast says the mainstream doesn't seem to believe the Fed. And he doesn't either. But for very different reasons.
You can visit the show notes page here: https://bit.ly/2NA6AjG
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 https://schiffgold.com/news.
Do you feel stimulated? Congress got the deal done on a $1.9 trillion stimulus package this week. But the markets continue to behave as if there is no inflation threat with all this borrowing, spending and money printing. On this week's Friday Gold Wrap, host Mike Maharrey breaks down the stimulus bill. He tells you what's in it and who will pay for it. He also talks about rising prices the mainstream can't seem to find.
You can visit the show notes page here: https://bit.ly/30CVtJO
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 https://schiffgold.com/news.
Gold faced more selling pressure this week as the mainstream continues to labor under the misguided notion that the Federal Reserve is going to tighten monetary policy sooner than expected to deal with inflation. Friday Gold Wrap podcast host Mike Maharrey has been arguing the Fed is not going to tighten; it's going to ramp up quantitative easing to keep rates down. This week, he shares some insights from a mainstream analyst who gets it too.
You can visit the show notes page here: https://bit.ly/3qj46n7
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 https://schiffgold.com/news.
Jerome Powell was on Capitol Hill this week (at least virtually) to talk to Congress. During his two days of testimony, the Fed chair insisted that there is no inflation. In fact, he claimed it will take years for the central bank to reach its 2% target. SchiffGold Friday Gold Wrap podcast host Mike Maharrey says Powell is lying. But if you listen closely and read between the lines, you can dig a bit of truth out from the lies.
You can visit the show notes page here: https://bit.ly/3ksBk23
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 https://schiffgold.com/news.
The Federal Reserve released the minutes from its January meeting this week. It featured some pretty thick Fed-speak. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey translates and tells you what the Fed is telling you about inflation. He also talks about why he thinks gold and silver are both struggling in an economic environment that should be bullish for precious metals.
You can visit the show notes page here: https://bit.ly/2NjoLtC
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 https://schiffgold.com/news.
With Joe Biden in the White House and Democrats controlling both houses of Congress, it seems pretty certain we're going to get a federal $15 an hour minimum wage. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey discusses the economic ramifications of minimum wage laws. Hint -- they are not good. He also talks about Fed Chair Jerome Powell's comments this week and why they should make you even more bullish on gold.
You can visit the show notes page here: https://bit.ly/3acgq3y
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.
It's been a crazy, volatile week for precious metals. The Reddit Raiders pushed silver to over $29 an ounce and the white metal took gold up with it. But the run was short-lived and we saw a big sell-off in both metals later in the week. In this episode of the Friday Gold Wrap, host Mike Maharrey tries to cut through all the smoke and mirrors and talks about the underlying fundamentals in both the gold and silver markets.
You can visit the show notes page here: https://bit.ly/2O97KTc
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 https://schiffgold.com/news.
If you follow the markets at all, you've heard about the big surge in GameStop stock driven at least in part by retail investors informed by social media. Now the Reddit investors have turned their eyes to silver. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the GameStop phenomenon and argues that there are good reasons to be bullish on silver - not just the attention of the Reddit crowd. He also touches on this week's Fed meeting and gold demand dynamics.
Visit the show notes page here: https://bit.ly/3t7MZY0
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 https://schiffgold.com/news.
Joe Biden took the country's wheel on Wednesday. For some, it was a day of celebration. And for some, it was a day of mourning, depending on your political perspective. But what is really in store for us in the Biden years? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey considers the economic path that lies ahead. He argues that while the driver has changed, the car is still heading in the same direction with Biden's foot on the accelerator.
You can visit the show notes page here: https://bit.ly/397ao3E
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.
The US government ran the biggest December deficit in history last month and there is no end in sight to the borrowing and spending. President Biden unveiled a new $1.9 trillion stimulus plan this week. So what? Why does it matter? Can't this "rescue the economy?" Host Mike Maharrey talks about all of the spending and the money printing necessary to support it on this week's Friday Gold Wrap podcast.
You can visit the show notes page here: https://bit.ly/2LrbtKV
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 https://schiffgold.com/news.
Everybody was happy to get 2020 behind them. We figured it can't get any crazier. Then 2021 showed up and said, "Hold my beer!" During the first full week of 2021, we had surprise election results and protests that went sideways in Washington D.C. That produced strange reactions on Wall Street. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about a wild week one of the new year and ponders what might be coming down the pike.
You can visit the show notes page here: https://bit.ly/3q5kdoH
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 https://schiffgold.com/news.
The year 2020 is coming to a merciful end. As it was with pretty much everything, it was a nutty year for the economy and the precious metals markets. We all hope 2021 will be better, but it seems unlikely that it will be any less nutty. In this special Thursday episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a look back at 2020 and speculates on what could lie ahead in 2021.
You can visit the show notes page here: https://bit.ly/38ODlA3
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 https://schiffgold.com/news.
The Federal Reserve held its last meeting of the year this week. There were no big surprises policy-wise. But Jerome Powell and company made it clear that the easy-money spigot will remain wide open pumping trillions of dollars created out of thin air into the economy. In this episode of the Friday Gold Wrap podcast, Mike Maharrey talks about the Fed meeting and the ramifications of its monetary policy.
You can visit the show notes page here: https://bit.ly/2J7nrbq
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 https://schiffgold.com/news.
There is a lot of talk about student loan forgiveness. The idea is wildly popular and it would relieve a huge burden crushing millions of Americans. But is there any downside to this idea? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the student loan debacle and the possible downside of loan forgiveness. This week, he also touches on the shaky labor market and why the bond market can't tell us anything about inflation.
You can visit the show notes page here: https://bit.ly/3415Okw
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 https://schiffgold.com/news.
After a dismal November, gold and silver are starting to show some signs of life. But what caused the big drop in the price of precious metals last month? Was it warranted? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at the economic and monetary fundamentals and tries to bring us back to reality. He argues that despite the optimism about a coronavirus vaccine, nothing will fundamentally change.
You can visit the show notes page here: https://bit.ly/3ostVjR
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 https://schiffgold.com/news.
The Dow Jones cracked 30,000 this week and stocks continue to surge generally upward as investors are embracing risk-on sentiment based on high hopes a vaccine may put an end to the coronavirus pandemic. But there's more to it than that. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a deeper look at what's really driving this market mania, and he also takes down the myth that printing more money means more wealth.
You can visit the show notes page here: https://bit.ly/369tNQb
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 https://schiffgold.com/news.
The stock market continues to climb on coronavirus vaccine hopes. But why should it? After all, it didn't sell off because of the pandemic. It's at record levels despite COVID-19. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why this really isn't about a vaccine. He also talks about one of the pernicious effects of this super-loose monetary policy - the theft of our savings.
You can visit the show notes page here: https://bit.ly/3pLEr7w
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.
Gold and silver sold off big and the Dow surged Monday on the announcement the Pfizer had successful coronavirus vaccine trials. But Friday Gold Wrap host Mike Maharrey says investors should maybe tap the brakes on thinking that a coronavirus vaccine is a cure-all. In this episode, the looks a little deeper at the long-term ramifications of a vaccine. He also breaks down the newest budget deficit numbers.
You can visit the show notes page here: https://bit.ly/38EwDOJ
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 https://schiffgold.com/news.
All eyes have been on the presidential election this week. It's still not clear who will win - although it's looking more like a Biden victory. Meanwhile, the Federal Reserve held its November meeting this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey offers some analysis of both the election and the Fed meeting. And he argues that what's going on over at the Eccles Building might be more significant than who ends up in the White House.
You can visit the show note page here: https://bit.ly/32loTx3
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 https://schiffgold.com/news.
Gold and silver have had a tough week. So have stocks. In a lot of ways, it looked like March all over again, with worries about increasing COVID-19 cases and new lockdowns. But then we got the Q3 GDP number and that injected a dose of optimism. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the dynamics in the markets and provides a little reality check on that big GDP number.
You can visit the show notes page here: https://bit.ly/3emqHeh
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 https://schiffgold.com/news.
Gold has been trading sideways for several weeks. But there are all kinds of reasons to be bullish on the yellow metal. So why isn't the price of gold rising faster? Where are the gold bulls? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey tries to answer that question and discusses some of the reasons people should be buying gold.
You can visit the show notes page here: https://bit.ly/37y1nAi
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 https://schiffgold.com/news.
It's been months since the US started to reopen after the government-imposed coronavirus shutdowns and yet hundreds of thousands of Americans continue to file for unemployment every week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a close look at the labor market and concludes that a lot of these jobs are never coming back. He also talks a little about the upcoming presidential election and makes a prediction about the outcome.
You can visit the show note page here: https://bit.ly/3j0a1JX
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 https://schiffgold.com/news.
Regal Cinemas shut down all of its US theaters this week. The company said the closure is temporary, but it reveals the deeper strain in the retail sector. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs deeper into the retail mess and talks about what it is telling us about the broader economy. He also discusses the ongoing stimulus debate and the national debt news that nobody is talking about.
Visit the show notes page here: https://bit.ly/3nxp1Tg
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 https://schiffgold.com/news.
The September labor market report comes out today, but it may not tell the whole story when it comes to jobs. On this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the long-term prospects for the labor market in the wake of coronavirus lockdowns. He also discusses recent price moves in gold and silver, and talks a little about future prospects for the dollar.
Visit the show notes page here: https://bit.ly/34iBjG7
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 https://schiffgold.com/news.
Gold and silver got hammered (along with stocks) this week as the dollar strengthened with a sudden bout of risk-off sentiment. Rising numbers of coronavirus cases have ignited fears of new economic restrictions and markets have fretted about the lack of additional stimulus. Gold is at a 2-month low. So, is it time to panic? On this episode of the Friday Gold Wrap podcast, host Mike Maharry tries to answer that question and looks at all that you have to believe in order to claim the gold bull run is dead.
Visit the show notes page here: https://bit.ly/305GZC0
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 https://schiffgold.com/news.
The Federal Reserve wrapped up another FOMC meeting this week. The central bank delivered pretty much what was expected. The easy money will continue to flow unabated. But it looks like what is expected is no longer enough. The addict wants even more of the monetary drug. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and the market reaction.
You can visit the show notes page here: https://bit.ly/2FysGPH
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 https://schiffgold.com/news.
There was a tremendous amount of volatility in the stock market this week with the NASDAQ entering correction territory and then rebounding. Is this just a blip on the radar? Or is the biggest bubble ever running out of steam? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about it. He also digs into what's going on in the housing market and what it's telling us about the broader economy.
You can visit the show notes page here: https://bit.ly/33gSFTm
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 https://schiffgold.com/news.
After rising early in the week on the Fed's promise of more inflation, gold and silver dipped a bit late in the week with some positive economic data bolstering hopes of a quick economic recovery. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey reiterates that what's going on isn't fundamentally about the coronavirus. He takes a deep dive into the Fed's new inflation policy and makes the case that this was all in play long before the pandemic.
You can visit the show notes page here: https://bit.ly/31VI80y
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 https://schiffgold.com/news.
Peter Schiff has been saying that the economic problems we face weren't caused by the coronavirus pandemic -- at least not directly. We were already in deep trouble long before COVID-19 arrived on the scene. In this special episode of the Friday Gold Wrap podcast, host Mike Maharrey takes us on a journey back through time and lays out exactly how the Federal Reserve and government policies got us here and how the "cure" for the economic meltdown caused by government lockdowns is really just more of what made the economy sick in the first place.
You can visit the show notes page here: https://bit.ly/3jzZbLJ
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.
It was a volatile week in the gold and silver markets after last week's correction with big swings up and down. Early this week, gold enjoyed a rally back above $,2000 after we learned Warren Buffett has gotten into gold. In this week's Friday Gold Wrap podcast, host Mike Maharrey talks about Buffett's move into gold and what it means and why we shouldn't worry about big corrections during this bull run. He also highlights some of the economic data that makes him less than optimistic about a quick recovery.
You can visit the show notes page here: https://bit.ly/2Yk7GCo
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 https://schiffgold.com/news.
It was a tough week in the precious metals markets. On Tuesday, gold dropped well over 5% and silver plunged more than 13%. It was the worst single-day rout for gold in seven years. That led some to declare the gold bull dead. But SchiffGold Friday Gold Wrap podcast host Mike Maharrey doesn't see it that way. In this episode, he breaks down the reasons for the selloff and explains why there is no need to panic if you're keeping your eyes on the fundamentals.
You can visit the show notes page here: https://bit.ly/2PUq3Jg
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 https://schiffgold.com/news.
Last week, gold broke its all-time record. This week, the express elevator kept going right up taking both gold and silver with it. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about gold's push above $2,000 an ounce and silver's even bigger gains. He also talks about the dynamics driving precious metals higher and why he doesn't think we're anywhere near the top floor.
You can visit the show notes page here: https://bit.ly/2PzSDzI
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 https://schiffgold.com/news.
Gold broke its all-time price record on Monday and has held above that level through the week. What is this telling us? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the record-breaking week and what's driving it. He also speculates about where we may go from here. Along the way, he gives an overview of this week's Federal Reserve meeting and highlights some perspectives coming out of the mainstream.
You can visit the show notes page here: https://bit.ly/30gTE5I
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 https://schiffgold.com/news.
Gold is knocking on the door of its all-time record price. At this point, it's not a matter of if gold will break its record but when. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the dynamics that are driving both gold and silver higher and explains why he thinks gold has a long way to run even after it breaks the record. He also highlights some more economic data that undermines the "quick recovery" narrative.
You can visit the show notes page here: https://bit.ly/3g2fgs0
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 https://schiffgold.com/news.
Despite a resurgence in coronavirus in the US, most people still seem pretty optimistic about economic prospects. Stronger than expected retail sales last month boosted confidence. Most people seem to think if we can just conquer the virus, the economy will be fine. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a deeper look at the underlying economic dynamics and the government response to COVID-19. He argues that we're still living in a bubble economy and we need the anti-bubble -- gold.
You can visit the show notes page here: https://bit.ly/2ZF6dro
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 https://schiffgold.com/news.
Gold surged passed another key level this week, breaking above $1,800 an ounce for the first time since 2011. And the yellow metal is pulling silver up along with it. What's driving precious metals higher? And can we expect this bull run to continue? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a close look at both the gold and silver markets - what's driving them and where they might be heading next, and why this is different than 2011. He also touches on the escalating war on cash.
You can visit the show notes page here: https://bit.ly/3254EEM
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 https://schiffgold.com/news.
Gold just finished Q2 at its highest level in over 8 years, wrapping up its best quarter since 2016. The Fed monetary policy in response to the coronavirus pandemic has put a strong tailwind behind gold. But as host Mike Maharrey details in this week's Friday Gold Wrap podcast, gold has been on a bull run for quite some time - long before COVID-19 reared its ugly head. Why? And what might this tell us about what's ahead?
Visit the show notes page here: https://bit.ly/2YWSY52
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 https://schiffgold.com/news.
Gold staged a solid rally and finally broke above a key resistance level this week. The yellow metal hit an 8-year high on Wednesday and continues to hold above $1,750 an ounce. Meanwhile, we're suddenly starting to see some mainstream bullishness for gold. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the economic dynamics in play and highlights some of the mainstream attention suddenly being showered on the yellow metal.
You can visit the show notes page here: https://bit.ly/3813oDx
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 https://schiffgold.com/news.
Jerome Powell ventured to Capitol Hill - virtually - to talk to Congress this week. Powell did what he does best - blew a lot of smoke. Meanwhile, the central bank upped its stimulus ante yet again. In this episode of the Friday Gold Wrap podcast, host Mike Maharry talks about the impact the Fed is having on the economy, along with the news of the week in the gold market.
Visit the show notes page here: https://bit.ly/2YQN04b
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 https://schiffgold.com/news.
The Federal Reserve met this week and promised to keep pumping out monetary stimulus indefinitely. Meanwhile, the US government added another trillion dollars to the national debt in just 35 days, even as the president and congressional leaders talk about more fiscal stimulus. In this week's Friday Gold Wrap podcast, host Mike Maharrey talks about the ramifications of all this endless stimulus and reminds us that what can't go on forever, doesn't. He also covers the week's ups and downs in the gold market and reveals that the May unemployment report appears to be fake news.
You can visit the show notes page here: https://bit.ly/2XV2vsD
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 https://schiffgold.com/news.
The economy has gone through the quickest and arguably the deepest collapse in history, but the stock market has been rallying. How can this be? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey says look no further than the Federal Reserve. Despite the economic chaos, it has managed to blow up stock market bubble X.0 He also talks about a move China recently made that ups the ante in the "war on cash."
You can visit the show notes page here: https://bit.ly/30awu1b
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 https://schiffgold.com/news.
The Dow Jones is back of 25,000 and despite increasing tensions with China, people seem pretty optimistic about the economic future as states begin to open back up. SchiffGold Friday Gold Wrap host Mike Maharrey says people should know better. He makes his case by digging into some of the long-term ramifications of the economic shutdown and the government/central bank response to it. He also recaps the last month in the gold and silver markets.
You can visit the show notes page here: https://bit.ly/3ciyU01
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 https://schiffgold.com/news.
Jerome Powell went on 60 Minutes last week and said there was "no limit" to what the Fed could do to support the economy. Of course, that's not really true. All the central bank can really do is print more dollars. And the economy isn't just about dollars. It's about stuff. In this episode of the Friday Gold Wrap podcast, Mike Maharrey talks about the real problem facing the economy - Powell's "cure." He also puts silver in the spotlight.
You can visit the show notes page here: https://bit.ly/3gnRaIW
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 https://schiffgold.com/news.
Federal Reserve Chairman Jerome Powell dumped cold water on the notion that we're going to have a quick recovery during a speech this week and begged Congress for more fiscal stimulus. As Friday Gold Wrap host Mike Maharrey put it, Powell and the federal government are the arsonists trying to fight the fire they started. In this episode, Mike talks about Powell's speech and points out just how clueless he really is. He also covers some of the week's economic news and its impact on the gold market.
You can visit the show notes page here: https://bit.ly/2y9W0bu
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 https://schiffgold.com/news.
People keep talking about the "new normal" we'll all have to adjust to as we recover from the coronavirus pandemic. So, what does that mean for the economy? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks ahead at the new normal, the prospects of an economic recovery and speculates that we might have already caught a glimpse of the future last year. He also covers the gold market and looks at some of the economic data this week.
You can visit the show notes page here: https://bit.ly/2SHgMWX
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 https://schiffgold.com/news.
US stock markets just had their best month since 1987. Meanwhile, the economic data is as bad as it's ever been. It's almost like a tale of two cities. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into some of the data and explains why the damage to the economy caused by the coronavirus government shutdowns is deeper than a lot of people think. He also talks about silver. It's as cheap as it's ever been in human history.
You can visit the show notes page here: https://bit.ly/3cXDp10
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 https://schiffgold.com/news.
It was another crazy week on Wall Street with a lot more economic doom and gloom, punctuated by a complete meltdown of the oil futures market. In this week's Friday Gold Wrap podcast, host Mike Maharrey talks about some of the highlights - or lowlights - but he also injects a little optimism into the conversation and offers some constructive advice.
Visit the show notes page here: https://bit.ly/2yEMWLC
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 https://schiffgold.com/news.
Gold sold off overnight and stock futures soared after President Trump offered some guidelines to "reopen America." There was also news of a promising COVID-19 treatment. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey throws a bucket of cold water on all of the optimism. He explains why the economy won't likely just roar back to life even with an end to the economic lockdown.
You can visit the show notes page here: https://bit.ly/3afRYLI
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 https://schiffgold.com/news.
The economic lockdowns continued and another 6.6 million Americans joined the ranks of the unemployed this week. But the stock market rallied? How can this be a thing? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains what's going on. And then he asks the burning question: what's next? What is the exit strategy from all of these unprecedented government and central bank actions?
Visit the show notes page here: https://bit.ly/34rk2dz
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 https://schiffgold.com/news.
As the coronavirus economic lockdown drags on, there seems to be a lot of delusional thinking out there. Many people seem to believe that at some point, President Trump will snap his fingers and the economy will roar back to life. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at the numbers and makes the case that this is actually the early stages of an unprecedented economic meltdown. Everything is not going to be fine. He also takes on the myth of the non-essential worker.
You can visit the show notes page here: https://bit.ly/2JADz1x
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 https://schiffgold.com/news.
On Monday, the Fed announced QE infinity and by mid-week, Congress had agreed on a $2 trillion stimulus package to battle the economic impacts of the coronavirus. That launched us into a bizarro world where a weekly record of over 3 million unemployment claims led to a huge stock market rally. As Mike Maharrey put it in this Week's Friday Gold Wrap podcast, ladies and gentlemen, we've been stimulated! So, what exactly did the Fed do? What are the long-term ramifications? And can it work? Maharrey talks about all this and more in this week's Gold Wrap.
You can visit the show notes page here: https://bit.ly/2xtaBhv
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 https://schiffgold.com/news.
It's been another week of selloffs in the markets. It's not just stocks. Everything is selling off. The only thing really gaining right now is the US dollar. Meanwhile, the government is promising bailouts for all. In this episode of the Friday Gold Wrap, host Mike Maharrey looks ahead at the possible ramifications of all this "stimulus" money. He also puts the recent drop in the price of gold into some historical perspective.
Note: When Mike was quoting the current gold prices, he said it was at $1,518 an ounce. The actual price was $1,508.
You can visit the show notes page here: https://bit.ly/3bb6dlI
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 https://schiffgold.com/news.
It appears we've pretty much reached complete panic mode. The longest bull market in history came to an abrupt end on Wednesday. Wall Street followed up with another massive sell-off on Thursday. The S&P 500 had its worst day since Black Monday in 1987. Even gold was down. Meanwhile, the Fed tried to stem the tide, announcing a new round of quantitative easing. But the tide wasn't stemmed. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey gives an overview of the week's events and talks about the elephant in the room.
You can visit the show notes page here: https://bit.ly/2Wh04jw
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 https://schiffgold.com/news.
It's been a roller-coaster ride on Wall Steet. Stocks whipsawed up and down -- mostly down. Gold dipped and then rebounded. And the Fed cut rates in a move that looked an awful lot like a replay of 2008. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey gives an overview of the topsy-turvy week and tries to make sense out of what's going on and where it might lead us.
You can visit the show notes page here: https://bit.ly/2IrXiA5
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 https://schiffgold.com/news.
It's been a wild ride on Wall Street this week -- all downhill. Stocks entered correction territory Thursday and are on track for the worst week since the 2008 financial crisis. As Peter has put it, this stock market is a bubble looking for a pin. Is the coronavirus the pin? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about this chaotic week in the stock market, the bond market and the gold market.
You can visit the show notes page here: https://bit.ly/2wT8Ae1
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 https://schiffgold.com/news.
Gold broke out this week. The yellow metal pushed through the $1,600 level and continued to climb. Conventional wisdom tells us this is all about safe-haven buying due to fear that the coronavirus will stunt global economic growth. That is certainly a factor. But could there be more to it than that? On this week's Friday Gold Wrap podcast, host Mike Maharrey talks about what he thinks is at the root of this gold breakout. He also gets into the subject of inflation. There's more out there than the standard government numbers tell us.
You can visit the show notes page here: https://bit.ly/2uV52HO
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 https://schiffgold.com/news.
Jerome Powell went to Capitol Hill this week. During his testimony before a congressional committee, the Fed chair insisted, "There is nothing about this economy that is out of kilter or imbalanced." In this episode of the Friday Gold Wrap Podcast, host Mike Maharrey takes issue with Powell's assessment and points out some things that are, in fact, way out of kilter." He also touches on coronavirus and the markets, consumer debt, and Donald Trump.
You can visit the show notes page here: https://bit.ly/3bEPYys
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 https://schiffgold.com/news.
Gold took a hit on Tuesday but held a key support level and rebounded as the week went on, even as stocks set new records. Why does gold continue to keep showing strength even with all the headwinds? Is it just coronavirus? Or is something else going on? Host Mike Maharrey talks about it in this week's Friday Gold Wrap podcast.
You can visit the show notes page here: https://bit.ly/389uO9g
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 https://schiffgold.com/news.
The Federal Reserve held its first FOMC meeting of 2020. It was mostly met with yawns as the Fed held rates steady, and despite a somewhat dovish tone, indicated that it probably wouldn't make any moves on interest rates this year. We've grown so used to low interest rates that it barely registers that the Fed is actually engaged in extreme monetary policy. Extreme has become the new normal. In this week's Friday Gold Wrap podcast, host Mike Maharrey talks about it. He also touches on the Q4 GDP report and some interesting gold supply and demand trends.
You can visit the show notes page here: https://bit.ly/2OcjQYM
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 https://schiffgold.com/news.
While impeachment proceedings kicked off at home President Trump was in Davos, Switzerland, talking up the US economy. He called it the best economy in American history. Is it though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the economy, what's really driving it, and why this might be a good time to think about gold.
You can visit the show notes page here: https://bit.ly/2RoKiAz
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 https://schiffgold.com/news.
Donald Trump and Chinese Vice Premier Liu inked their signatures on the Phase 1 trade deal this week. But was it really a big deal? Or was it no deal? Mike Maharrey talks about it on this week's Friday Gold Wrap podcast. He also talks about why the gold market seems to be holding steady despite some strong headwinds and the outlook for the yellow metal in 2020.
Visit the show notes page here: https://bit.ly/362bVmT
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 https://schiffgold.com/news.
The sound of war drums dominated this week. After Iran launched missiles at US bases in Iraq in retaliation for an airstrike that killed an Iranian general, gold spiked to over $1,600 an ounce -- an eight-year high. But tensions seem to have eased and the price of gold with it, as the war drums have quieted. So, what did we learn from this and what's next for the gold market? Host Mike Maharrey talks about it in this episode of the Friday Gold Wrap podcast.
You can visit the show notes page here: https://bit.ly/2uDpkoD
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 https://schiffgold.com/news.
Gold had a pretty good run in 2019. In fact, it was the best year for the yellow metal in nearly a decade. So what's in the cards as we rush headlong into the 2020's? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks back at 2019 and highlights some of the things that drove precious metals markets. Then he pivots and looks ahead at 2020 and beyond. Where are we going and what will get us there?
You can visit the show notes page here: https://bit.ly/37Bffqv
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 https://schiffgold.com/news.
Gold is finishing up 2019 with a bang, pushing back above the psychologically significant $1,500 per ounce this week. Although there are a few trading days left, gold appears set to end the year with a better than 17% gain. In the last Friday Gold Wrap podcast of 2019, host Mike Maharrey takes us through a quick overview of what he considers to be the five biggest stories of the year driving precious metals.
You can visit the show notes page here: https://bit.ly/2ssUaj1
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 https://schiffgold.com/news.
It was an eventful week as far as news goes, but a rather quiet one in the gold and silver markets. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey covers impeachment and the phase 1 trade deal. He also talks about politicians and their propensity to break things and then woo us with promises to fix them. It's a little bit like an arsonist coming to the rescue and putting out the fire. Except in the case of government, the fire never really gets put out.
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.
We have a trade deal! Maybe. Meanwhile, the Fed wrapped up its last FOMC meeting of the year this week and did nothing. But Powell and Company did give us some indication about what we should expect next year. The week's news played tug-o-war with gold. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks it all down and says there's a lot to be skeptical about, both with the trade deal and the rhetoric coming out of the Fed.
Visit the show notes page here: https://bit.ly/2YIIfJH
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 https://schiffgold.com/news.
We've seen new records in the stock market in recent weeks. The headlines tell us it's all because of a potential trade deal, but Friday Gold Wrap host Mike Maharrey doesn't buy it. He says it's really all about Fed money printing. That may juice the stock market, but there's a downside - inflation. In this episode of the podcast, Mike talks about it along with the week's gold news.
You can visit the show notes page here: https://bit.ly/2Pi7TAI
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 https://schiffgold.com/news.
Do we even need the Federal Reserve?
Whether on the political left, right, or in the middle, virtually everybody thinks we do. After all, without the Fed, we'll have wild economic swings and crashes.
Economist Edward Stringham disagrees. In this It's Your Dime Interview, he talks about it with host Mike Maharrey and makes the case that the economy would function just fine without a central bank pulling strings. In fact, as he explains, the Fed actually stirs up economic chaos.
TOPICS DISCUSSED
How the Fed messes up our money. The Fed-induced business cycle The economic impact of the current easy-money policy. Private governance. Is that even possible?
You can visit the show notes page here: https://bit.ly/33FTQtT
Stock markets hit new highs again this week. If you believe the headlines, the bullishness on Wall Street is mostly a function of trade deal optimism. But there's another factor driving stocks higher - easy money courtesy of Federal Reserve (not) quantitative easing. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the impact QE4 is having on the markets and some delicious irony courtesy of a paper published by the central bank that admits its own policy might just be a problem.
You can visit the show notes page here: https://bit.ly/2R8XF8l
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 https://schiffgold.com/news.
It's been a pretty dreary week on Wall Street with another round of trade war pessimism. Otherwise, there hasn't been a lot of economic news to roil markets and precious metals have remained pretty much rangebound. But host Mike Maharrey has a silver lining for you on this episode of the Friday Gold Wrap podcast, along with a little Fed analysis.
You can visit the show notes page here: https://bit.ly/2qB43u0
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 https://schiffgold.com/news.
There was more optimism about a trade deal this week. There was also more pessimism about a trade deal this week. Markets reacted accordingly. But there was some other interesting news out there. Jerome Powell lectured Congress about the national debt and last month's inflation data came in hotter than expected. Host Mike Maharrey covers these stories and more, and basically ignores the trade war gossip, on this episode of the SchiffGold Friday Gold Wrap podcast.
You can visit the show notes page here: https://bit.ly/2OhTHHc
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 https://schiffgold.com/news.
It's been a tough week for gold and silver and a record week for stocks because of -- you guessed it -- optimism about a trade deal. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the news of the week. Along the way, he also compares fickle investors obsessed with the latest trade war headline to a delusional sports fan who can only fixate on his team's most recent game.
You can visit the show notes page here: https://bit.ly/34FdXcq
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 https://schiffgold.com/news.
As expected, the Federal Reserve cut rates for the third time this year. We're now down to 1.5%. The Fed hinted that cuts are likely on pause for now. But should we believe it? Was this the end of a mid-cycle adjustment? Or should we expect more moves by the central bank? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down rate cut 3.0 and what it could mean for the precious metals markets.
Visit the show notes page here: https://bit.ly/2WDycEz
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 https://schiffgold.com/news.
We've talked a lot about government debt and consumer debt. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey highlights the massive corporate debt bubble. As he explains, it's eerily similar to the mortgage debt bubble the blew up in the years prior to the 2008 crash. It's a little like deja vu all over again. He also covers another round of gloomy economic data that came out this week.
You can visit the show notes page here: https://bit.ly/2Jk5eEs
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 https://schiffgold.com/news.
News of a possible "phase 1 trade deal" and movement toward a resolution of the Brexit fiasco have buoyed stocks and put a lid on silver and gold this week. But positive vibes on these two fronts overshadowed a lot of economic data that came out this week that was less than ideal. It seems the American consumer might be getting close to being maxed out. In this episode of the SchiffGold Friday Gold Wrap podcast, host Mike Maharrey digs into a big pile of debt and more.
You can visit the show notes page here: https://bit.ly/2MR8F6f
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 https://schiffgold.com/news.
Everybody is talking about the possibility of a trade deal. Well, maybe not everybody. In this episode of the Friday Gold Wrap, host Mike Maharrey rehashes his standard trade war observations and then moves on to bigger news - Jerome Powell's announcement that the Fed is resuming QE. Of course, Powell didn't exactly say that. In fact, he tried to say the opposite in a statement that Mike describes as "word salad." In this episode, Mike breaks down what's going on with the Fed and why it matters a lot more than the possibility of a trade deal. He also covers some important gold-specific news that came out this week.
You can visit the show notes page here: https://bit.ly/33nQY58
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 https://schiffgold.com/news.
It was a bumpy ride in the markets this week. Right now, volatility is the name of the game - in both stocks and precious metals. People are getting nervous out there with some pretty grim economic data this week stirring up recession fears. Meanwhile, the US government just keeps spending money it doesn't have. Host Mike Maharrey talks about all of this and more in this week's episode of the Friday Gold Wrap podcast.
You can visit the show notes page here: https://bit.ly/30I6cAc
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 https://schiffgold.com/news.
Gold and silver are down this week. There was some more hopeful trade war news and stronger than expected economic data that drove markets this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey covers it, plus some news that's being mostly ignored. And he ponders a question: should we be looking at the economic glass as half-empty or half-full -- and why?
You can visit the show notes page here: https://bit.ly/2lG7cX2
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 https://schiffgold.com/news.
It was Fed week. As widely expected, the central bank cut interest rates another 25 basis points on Wednesday. But the real Fed action happened on Tuesday morning and most people didn't even notice. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about all of the Fed mechanizations - not just the rate cut - and what it all could mean.
You can visit the show notes page here: https://bit.ly/2mqOgLV
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 https://schiffgold.com/news.
The price of gold whipsawed this week, driven up and down by various headlines. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some of the big news that moved the markets. But he said that we need to keep our eyes on the big picture. All of this is happening in front of a backdrop of surging debt driven by central bank policy. How much do we owe and what does it mean for the future? Mike talks about it.
You can visit the show notes page here: https://bit.ly/2kfSe9n
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 https://schiffgold.com/news.
José Niño was born in Venezuela and his family has experienced the impacts of socialism first hand. But was it "real socialism?"
On this episode of It's Your Dime, José and host Mike Maharrey talk about it.
José had the good fortune of leaving Venezuela before it descended into chaos. After reading the tea leaves and realizing that the country was heading down the path of political turmoil, José’s parents brought his family to the US in search of better opportunities.
José is a long-time political activist and worked as a lobbyist battling against gun control. He's the author of two books, How Socialism Destroyed Venezuela and The 10 Myths of Gun Control. He has also written for several websites, including the Mises Institute, FEE and Ammo.com.
TOPICS DISCUSSED
Does Venezuela have “real socialism?” The economic history of Venezuela and its path to ruin The economic and moral failings of socialism Democratic socialism in the US Why so many young people in the US are enamored by socialism
You can visit the show notes page here: https://bit.ly/2lJlMwy
SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing, politics and economics.
NOTE: The opinions expressed by guests on It’s Your Dime do not necessarily reflect those of SchiffGold. Peter Schiff or Mike Maharrey
Here we go again! Gold and silver both took a tumble yesterday because US and Chinese officials are reportedly going to have a meeting. Hope that this might mean a thaw in the trade war boosted risk sentiment and drove profit-taking in the precious metals markets. We've seen this song and dance before. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about it. He also points out some very interesting Federal Reserve news that nobody in the mainstream has even mentioned.
You can visit the show notes page here: https://bit.ly/2lyvKAN
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 https://schiffgold.com/news.
Gold has had a pretty solid month, but silver has been going up like it's on rocket fuel. In this episode of the Friday Gold Wrap, host Mike Maharrey takes a close look at the silver market and what's going on there. He talks a little trade war, saying that maybe we shouldn't be talking so much about the trade war. And he also touches on some economic news that came out the week.
You can visit the show notes page here: https://bit.ly/2Pmlv0S
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 https://schiffgold.com/news.
This week has been relatively quiet in the markets. Gold has drifted up and down as traders wait to see what kind of message Fed Chair Jerome Powell will deliver during his Jackson Hole speech. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some tidbits of news and speculates about what Powell will say. Then he pivots and talks a little bit about President Trump and the strange economic tightrope that he’s trying to walk.
You can visit the show notes page here: https://bit.ly/2Hmusku
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 https://schiffgold.com/news.
The bond market flashed a major recession warning sign as the yield curve inverted this week. Meanwhile, Trump whipsawed markets when he appeared to blink in the never-ending trade war with China. That made for an interesting week for gold. In this week's Friday Gold Wrap podcast, host Mike Maharrey breaks down the events of the last few days and their impact on precious metals. He also remembers an important day in history that went mostly unnoticed in the mainstream.
You can visit the show notes page here: https://bit.ly/2Z7FMuY
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 https://schiffgold.com/news.
The price of gold surged this week, breaking all-time records in a number of currencies. It also did pretty well in dollar terms, hitting six-year highs and pushing above the key $1,500 level. Meanwhile, silver had its best single day in over three years. What drove this week's precious metals rally? And can we expect it to continue? Host Mike Maharrey talks about it in this week's Friday Gold Wrap.
You can visit the show notes page here: https://bit.ly/2GX2VFX
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 https://schiffgold.com/news.
The Federal Reserve came through with its first interest rate cut in more than a decade this week. But with Jerome Powell trying desperately to convince everybody that this wasn't the beginning of a long cutting cycle, the stock markets weren't pleased. And neither was President Trump. So, he decided to put his own fingerprint on the markets, announcing new tariffs on Chinese products. In this week's Friday Gold Wrap podcast, host Mike Maharrey breaks it all down and explains how it impacted the gold market.
You can visit the show notes page here: https://bit.ly/2YmibXK
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.
Markets are basically in "hurry up and wait" mode as they anticipate the Federal Reserve FOMC meeting next week. Will the central bank cut rates as anticipated? Or will Powell and company surprise everybody? In the meantime, there was some interesting economic and market news to digest this week. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the European Central bank meeting and the continuing surge in silver prices. He also looks ahead toward the next week's Fed meeting.
Visit the show notes page here: https://bit.ly/2McQJo9
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 https://schiffgold.com/news.
You would think folks on Wall Street would be pretty good at economics. Some of them are. But as Alex Merced will attest, just because somebody lands a job as a stockbroker doesn’t mean they’re a good economist.
Alex works as a Wall Street trainer. He also teaches economics. In fact, he’s produced hundreds of videos on economic topics ranging from basic to advanced. In this episode of It’s Your Dime, host Mike Maharrey and Alex talk about economics and investing.
Nobody will ever accuse Alex of slacking. Along with economics, he has also produced videos on libertarian philosophy, written three books and serves as the Vice-Chair of the Libertarian National Committee. Alex says he “aims to promote a positive message to create a world of simple boundaries, abundant reciprocity and endless possibility.”
SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing, politics and economics.
For more, visit https://schiffgold.com
As gold has rallied over the last few months, silver has lagged behind. The silver-gold ratio spread to near-record levels. This tells us that silver is extremely undervalued compared to gold. But last Tuesday, that spread began to narrow ever-so-slightly and silver crossed a key price level on Thursday. Could this be the beginning of the breakout in silver we've been expecting? On this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down what's going on in the silver market, along with the big leg-up in gold this week. He also highlights the ever-growing levels of consumer debt and tells you the latest on China's move to dump US bonds.
Visit the show notes page here: https://bit.ly/2Z0Uv7p
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 https://schiffgold.com/news.
Jerome Powell took center stage this week and the Federal Reserve chair didn't do anything to dampen expectations of a rate cut. That sent both stocks and gold higher. The yellow metal pushed back above $1,400 after tanking in the wake of last Friday's June jobs report and stocks swooned. Everybody seems to love Easy Street. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down what the Fed chair said and didn't say. He also debunks the "there is no inflation" myth and highlights some other interesting news in the gold markets.
You can visit the show notes page here: https://bit.ly/2XMZXcG
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 https://schiffgold.com/news.
Gold has gone through some wild mood swings this week. It plunged back below $1,400 per ounce on Monday only to rally and climb back above that key level on Tuesday. What's driving these fluctuations? And what should investors be focusing on? Mike Maharrey talks about it in this week's Friday Gold wrap. He also touches on some positive signs in the silver market, the global movement toward de-dollarization, and he remembers a friend of liberty who passed away this week.
You can visit the show notes page here: https://bit.ly/2LDZpU6
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.
And just like that, gold was over $1,400. Just a couple of weeks ago, we were talking about how gold was struggling to crack through the key $1,300 level. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the main drivers behind the gold market right now, including the trade war and central bank mechanizations. He also covers some supply and demand fundamentals.
You can visit the show notes page here: https://bit.ly/2xj7tS4
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 https://schiffgold.com/news.
The government is regulating you to death. Sometimes literally. But there are some things you can do about it. In this episode of It’s Your Dime, host Mike Maharrey talks about it with libertarian activist and author Mary Ruwart.
Dr. Ruwart is a research scientist, ethicist, and a libertarian author/activist. She received her B.S. in biochemistry in 1970 and her Ph.D. in Biophysics in 1974 (both from Michigan State University). She continues to do biomedical consulting. Since 1982, Dr. Ruwart has also been involved in societal ethics with a focus on the political theory and practice of libertarianism. She is the author of several books including Healing Our World and Death by Regulation. Currently, Dr. Ruwart serves as Chair of Liberty International.
SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing, politics and economics.
The Federal Reserve held its June Open Market Committee Meeting this week and it looks like Powell and company are fresh out of patience. In fact, that word didn't come up once. And while the Fed held pat on interest rates, for now, virtually everybody is betting on a rate cut in the near future. This has caused gold to surge to prices not seen in nearly six years. Meanwhile, American consumers are still running up debt and the Chinese are shedding it. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about it.
Visit the show notes page here: https://bit.ly/2XoLE1N
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 https://schiffgold.com/news.
Gold has crashed through another key resistance level and is on track for its fourth consecutive weekly gain. What is driving gold into the spotlight? Host Mike Maharrey talks about it in this week's episode of the Friday Gold Wrap podcast. He also raises an important question - what is all this going to look like when the recession really takes hold?
You can visit the show notes page here: https://bit.ly/2Rk4cLh
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 https://schiffgold.com/news.
There are two major factors driving markets right now - fear that tariffs are going to push the global economy into recession and hope that the Federal Reserve and other central banks will rescue it. What are the markets getting right? And what are they getting wrong? Friday Gold Wrap host Mike Maharrey talks about it.
You can visit this show notes page here: https://bit.ly/2MyNidj
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 https://schiffgold.com/news.
President Trump launched Tariff War 2.0 yesterday. And we haven't even wrapped up Trade War 1 yet. The president shocked markets when he announced a 5% tariff on all Mexican products in an effort to force Mexico to do more to stop the flow of illegal immigration into the US. In this episode of the Friday Gold Wrap, host Mike Maharrey gives you the details and talks about the impact of these new tariffs on the markets. He also discusses what the bond market is telling us about a looming recession, some interesting news out of Russia, and the latest goings-on in the silver market.
To visit the show notes page, click here: https://bit.ly/2MvlyX0
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 https://schiffgold.com/news.
There is plenty of debate about tariffs right now. A lot of people oppose them because they support free trade. A lot of people support them because they believe they protect US industry. Others think tariffs are a great tool to force other countries - specifically China - to engage in fair trade. In today's Friday Gold Wrap podcast, host Mike Maharrey argues that no matter what you think about tariff policy, you should pause and count the cost because tariffs are taking money out of your wallet. Mike also talks about the possibility of China using its "nuclear option" in the trade war and gives an overview of the news that drove the precious metals markets this week.
You can visit the show notes page here: https://bit.ly/2QoZThs
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 https://schiffgold.com/news.
The markets have been up and down this week, riding the trade war roller coaster. And analysts can't seem to decide if the data of the day is telling us that the economy is sound or slowing. But we do know one thing for sure - there is a lot of debt out there, and there are signs that it might be catching up with us. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks student loan and auto loan debt, and what it be telling us about the economy. He also covers some of the latest trade war news and the last batch of economic data.
You can visit the show notes page here: https://bit.ly/2HuqGES
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 https://schiffgold.com/news.
We’ve seen growing support for a universal basic income or UBI. In a nutshell, the government would pay every citizen a set amount of money without any means testing or work requirement. Democratic Party presidential candidate Andrew Yang has made UBI a central issue in his campaign. Under his plan, every American over the age of 18 would get $1,000 per month, guaranteed. This sounds great, doesn’t it? Who doesn’t want free money? But the plan raises a few questions — like how would the government pay for it?
In this episode of It’s Your Dime, host Mike Maharrey talks with Antony Sammeroff, author of the book “Universal Basic Income: For and Against.” They discuss the pros and cons of UBI and delve into some of the economic ramifications.
Antony is the author of several books and the host of the Scottish Liberty Podcast.
TOPICS DISCUSSED
- What UBI is UBI and how would it work?
- Why it’s being proposed?
- The economic ramifications of a UBI
- The possible unintended consequences of implementing UBI
- Will technology really displace workers?
- The case against UBI
SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing, politics and economics.
Trump has leveled a lot of criticism at the Federal Reserve over that last several months. This has led some people to proclaim that the president is an enemy of the Fed. But as Mike Maharrey explains in this week's Friday Gold Wrap podcast, Trump is no Ron Paul. The president's beef with the Fed is more about policy and less about the central bank itself. And we should never forget -- policy has consequences. In this episode, Mike gives a simple overview of how the Fed creates boom-bust cycles and why Trump needs more boom. He also covers the latest on the trade war and what's going on in the gold market.
Visit the show notes page here: https://bit.ly/2E0EQg6
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 https://schiffgold.com/news.
The Federal Reserve FOMC met this week. When it was all said and done, the Fed did nothing. We're stuck in neutral. As expected, there was no rate hike. Fed Chair Jerome Powell indicated that the central bank would likely maintain this neutral stance into the foreseeable future, staying patient, neither raising nor lowering rates. So, why in the world did markets react like the Fed just jacked up interest rates? On this episode of the Friday Gold Wrap, host Mike Maharrey talks about it. He also gives an overview of the most recent World Gold Council demand report.
Visit the show notes page here: https://bit.ly/2ZLVyZM
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 https://schiffgold.com/news.
The mainstream pundits and economists keep telling us inflation is "tame." But is it really? Or are they just not looking in the right place? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about inflation and how it factors into the bubble economy. He also covers the week's activity in the gold market and gives you your daily dose of dumb.
Visit the show notes page here: https://bit.ly/2Vz0Usk
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 https://schiffgold.com/news.
Just a few weeks ago, the mainstream was worried about economic growth. Now, all of a sudden, the mainstream is bullish about economic growth. It seems like the high from the Fed's monetary heroin has fully taken hold. And it's not just in the US.
In this episode of the Friday Gold Wrap, host Mike Maharrey talks about how central bank monetary policy and government economic stimulus is impacting economies. It's fun being high ... until you're dead. He also covers some interesting developments in the gold market.
Visit the show notes page: https://bit.ly/2KPCgzu
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 https://schiffgold.com/news.
Gold has been rangebound for months, gyrating up and down around the $1,300 mark. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about this "wash, rinse, repeat" cycle we're seeing in the precious metals markets and then pivots into a discussion of some more fundamental dynamics. Mike touches on the financial condition of the US federal government, surging central bank demand for gold and the positive dynamics he's seeing in the silver market.
You can visit the show notes page here: https://bit.ly/2v2Y5k4
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 https://schiffgold.com/news.
In this week's Friday Gold Wrap, Mike Maharrey covers some more bad signs in the economy, including rising oil prices, an unexpected drop in retail sales and a surge in negative-yielding government bonds. At best, it looks like the economy is slowing down. Or it could be the prelude to the next crisis. This raises an important question: who's going to save us? Mike suggests we probably shouldn't be counting on the politicians or the central bankers.
You can visit the show notes page here: https://bit.ly/2VpQBTO
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 https://schiffgold.com/news.
The federal government set an all-time record budget deficit in February. And this is with a Republican in the White House. The GOP is supposed to be the fiscally responsible party. In this episode of the Friday Gold Wrap, host Mike Maharrey offers some interesting analysis that reveals spending money in Washington DC is really a bipartisan sport. He also talks about Thursday's selloff in gold and silver, explains why dollar strength is something of an illusion and illustrates how the way "the market" thinks is often pretty dumb.
Visit the show notes page here: https://bit.ly/2Ww45h6
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 https://schiffgold.com/news.
Bill Greene's biggest claim to fame is spurning Donald Trump and voting for Ron Paul as a member of the electoral college in 2016. But Bill is more than just a "faithless elector." He's an assistant professor of political science at South Texas College, and an expert on "constitutional tender" and sound money.
In this edition of It's Your Dime, host Mike Maharrey talks to Bill about his experience as a member of the electoral college and the importance of reestablishing gold and silver as legal tender in the United States.
TOPICS DISCUSSED - Bill's experience in the Electoral College. - Why the Electoral College is an important feature in the US constitutional system. - The current movement to abolish the Electoral College and choose the president by national popular vote. - The problem with fiat money. - What is "constitutional tender?" - How states can undermine the Federal Reserve's monopoly on money. - Common objections to the gold standard.
SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing, politics and economics.
NOTE: The opinions expressed by guests on It’s Your Dime do not necessarily reflect those of SchiffGold, Peter Schiff or Mike Maharrey
The Fed wrapped up another FOMC meeting this week and came out even more dovish than expected. Rate hikes are off the table in 2019 and the central bank now only expects one hike in 2020. In his episode of the Friday Gold Wrap, host Mike Maharrey talks about the meeting and the dirty little secret Reuters let slip out. The goal here is to get you to spend more money and keep the bubble full of air. As Mike put it, "The Fed is trying to feed the debt monster and it wants you to pick up the tab." He also covered the meeting's impact on the markets and the latest in political theater.
You can visit the show notes page here: https://bit.ly/2HBKtEI
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 https://schiffgold.com/news.
Federal Reserve Chairman Jerome Powell appeared on 60 Minutes last Sunday to reassure us that the US economy is great. There's nothing to worry about. So, why the sudden reversal in monetary policy? According to Powell, the Fed is just worried about slowing global growth. But as Mike Maharrey discusses in this week's Friday Gold Wrap, it's pretty clear the real problems are right here in the good ol' US of A. Mike also covers the latest in precious metals news, with a focus on silver.
You can visit the show note page here: https://bit.ly/2O5z28N
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 https://schiffgold.com/news.
Central bankers and politicians think they can run the economy. They can't. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into some fundamental economic theories that explain why these central planners will always fail, no matter how noble their intentions.
Visit the show notes page here: https://bit.ly/2TI0kYk
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 https://schiffgold.com/news.
Eric Peters is known as "the libertarian car guy." But even if you aren't particularly interested in automobiles, you'll want to listen to this interview. Mike Maharrey and Eric not only talk about what's going on in the auto market - an important economic barometer - but they also cover a range of topics from the Green New Deal, to electric cars, to the nanny state.
TOPICS DISCUSSED Auto mandates in the Green New Deal. The practical feasibility of electric cars. How government fatwas have distorted the automobile market. The increasing level of auto loan defaults, why it’s happening and what it means down the road. The nanny state and its impact on the auto market.
t’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing, politics and economics.
NOTE: The opinions expressed by guests on It’s Your Dime do not necessarily reflect those of SchiffGold, Peter Schiff or Mike Maharrey
Jerome Powell went to Capitol Hill this week and continued to preach patience. In other words, the Powell Pause is still firmly in play. In fact, the Fed chair confirmed that balance sheet reduction is a done deal. But why this sudden patience? In this episode of the Friday Gold Wrap podcast, Mike Maharrey talks about it. He also covers the Q4 GDP report, reveals some more bad economic data and reviews gold's rollercoaster February.
You can visit the show notes page here: https://bit.ly/2BXOkI0
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 https://schiffgold.com/news.
Gold pushed up against a significant resistance level this week and then sold off after the minutes from the Federal Reserve meeting last month came out. Suddenly, after proclaiming the rate tightening cycle over for weeks, the pundits suddenly see a more hawkish Fed and the possibility of a rate hike this year. What's up with these mixed signals? In this edition of the Friday Gold Wrap podcast, host Mike Maharrey talks about the latest Fed news and the economic fundamentals we should be focused on.
You can visit the show notes page here: https://bit.ly/2EpGwAk
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 https://schiffgold.com/news.
America has borrowed itself into oblivion. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the massive levels of debt, how it relates to Fed policy and where this road is leading. He also covers some not so good news on the economy that came out this week and the latest indication that Fed interest rate hikes are a done deal.
You can visit the show notes page here: https://bit.ly/2V4RDUZ
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 https://schiffgold.com/news.
The Democrats led by Alexandria Ocasio-Cortez rolled out their "Green New Deal," this week. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the political and economic ramifications. He also tells you about how Janet Yellen sounded just a tiny bit like Peter Schiff this week. Plus, as always, the latest news in the gold market.
You can visit the show notes page here: https://bit.ly/2DZn3X0
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 https://schiffgold.com/news.
The Federal Reserve held its Open Market Committee Meeting this week and it looks like the Powell Put is on in full-force. In this episode of the Friday Gold Wrap, Mike Maharrey talks about the Fed's uber-dovish tone and what might be coming down the road. He also touched on the ever-climbing federal budget deficits and offered a quick overview of 2018 gold demand.
You can visit the show notes page here: https://bit.ly/2G2mlur
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 https://schiffgold.com/news.
The US government is closed! Or so we're told. But is it -- really? Mike Maharrey talks about the shutdown in this week's Friday Gold Wrap podcast. He also covers the latest gold news, the European Central Bank's policy meeting and an interesting announcement from China.
You can visit the show notes page here: https://bit.ly/2RjdYfe
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 https://schiffgold.com/news.
Peter Schiff gets a lot of scoffers. "You've been saying the same thing for years and nothing has happened." It's easy to throw rocks from the peanut gallery. But Peter and others like him base the things they say on solid economic principles. The problem is, nobody has a crystal ball. We might be able to say what will happen, but it's impossible to say precisely when. In this episode of the Friday Gold Wrap, Mike Maharrey talks about the underlying economics behind what's going on in the economy and the markets. He also talks about how the Powell Put impacted the markets this week and how the Fed might proceed in the future.
You can visit the show notes page here: https://bit.ly/2QTa4tb
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 https://schiffgold.com/news.
Attention focused back on the Federal Reserve this week with the release of the minutes from December's FOMC meeting and a couple of speeches by Fed Chair Jerome Powell. All of a sudden, the central bank has gone wobbly on hiking interest rates. Peter Schiff called Powell's new direction "uber-dove." Keep in mind, it wasn't long ago that Powell was sounding hawkish and talking about pushing ahead with tightening. So, what's up with Powell? What's changed? Mike Maharrey talks about that, along with this week's economic and gold-related news on your Jan. 11, Friday Gold Wrap.
You can visit the show notes page here: https://bit.ly/2RLdUsI
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 https://schiffgold.com/news.
For most of last year, we heard everybody from Donald Trump to the talking heads on CNBC gushing about the booming stock market. That is until it started to tank last fall. Meanwhile, gold and silver sat over in the corner alone, pretty much ignored by the mainstream. But did you realize that gold actually outperformed the S&P 500 last year?
In this week's Friday Gold Wrap, host Mike Maharrey runs down the numbers. He also talks about the fatal conceit of central planners and gives you a roundup of this week's financial news.
You can visit the show notes page here: https://bit.ly/2SAZrgh
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 https://schiffgold.com/news.
It's the last Friday Gold Wrap of 2018. In the spirit of the season, Mike Maharrey looks back over the last year and speculates a little about what might be around the corner in 2019. He also covers some of the week's news, including the rollercoaster stock market ride and the so-called government shutdown.
You can visit the show notes page here: https://bit.ly/2CCMFs7
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 https://schiffgold.com/news.
The Federal Reserve dominated the business news cycle this week. Investors thought maybe Daddy Powell would let the party keep going, but it looks like he's still planning on taking the punch bowl away. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the Fed's decision to hike rates and keep on hiking, and analyzes the carnage on Wall Street in the wake of the December FOMC meeting.
You can visit the show notes page here: https://bit.ly/2V3sKcL
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 https://schiffgold.com/news.
Friday Gold Wrap host Mike Maharrey is fed up this week. He's fed up with flip-flopping central bankers, big-spending politicians and destructive monetary policy. This week's episode isn't quite a rant. Mike covers quite a bit of news from this week. But by the end of the show, you'll understand why he's fed up. Heck, you might find yourself fed up too.
You can visit the show notes page here: https://bit.ly/2SPQkYT
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 https://schiffgold.com/news.
The stock market rallied earlier this month on good news in the trade war. Then the stock market tanked on bad news in the trade war. But should we really be basing our investment strategy the latest trade war headlines? SchiffGold Friday Gold Wrap host Mike Maharrey doesn't really think so. In this episode, he looks at some more fundamental things we should be looking at - like what's really going on at the Federal Reserve. He also covers some interesting palladium news and more.
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 https://schiffgold.com/news.
This is a bonus episode of the Friday Gold Wrap featuring an It's Your Dime Interview with preparedness expert Suzanne Sherman.
Are you prepared for a disaster?
People tend to stereotype “preppers” as tinfoil hat wearing conspiracy theorists waiting for the zombie apocalypse. Suzanne Sherman busts all the stereotypes.
Suzanne is a former lawyer from California who became passionate about preparedness living with the specter of California earthquakes. Now she has fully embraced the “prepper” lifestyle. It’s not about doomsday at all. As you’ll see from this wide-ranging interview, preparedness is really about self-sufficiency and independence.
TOPICS DISCUSSED
– Why everybody should be prepared for a disaster.
– Why we can’t count on government to save us.
– What kinds of supplies we should have on hand in an emergency.
– How to store all your prepper stuff.
– Planning for your entire family.
– How to be ready for a barter economy.
– The ethics of preparedness.
SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics.
The Powell Put is on! The Federal Reserve chair shocked markets this week with comments indicating the central bank might be close to ending its tightening cycle. It was a sudden and dramatic shift from talking points coming out of the Fed just weeks ago. So, what gives? What did Powell mean? Was he sending a signal or are we reading too much into his comments? On this week's Friday Gold Wrap, Mike Maharrey breaks down Powell's comments and their impact on the markets.
You can visit the show notes page here: https://bit.ly/2BHjG5U
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 https://schiffgold.com/news.
In this special episode of It’s Your Dime, Mike Maharrey switches roles and becomes the interviewee.
Mike recently appeared on Inside the News with Paul Jensen and Suzanne Sherman on K-TALK AM1640 in Utah to talk about the popping of the auto bubble and more generally how the Federal Reserve has set us up for the next big crash.
Mike, Paul and Suzanne talk about the recent layoffs announced by GM. Mike explains how this is yet another sign that the Fed-induced bubbles are starting to pop, and how Federal Reserve monetary policy pumped up the bubbles in the first place. He also discusses President Trump’s strategic error in taking credit for the “booming economy.”
Mke, Paul and Suzanne also touch on the issue of rights. Mike emphasizes that despite the name, the Bill of Rights does not actually give anybody any rights. It restricts government from infringing on rights we already have.
SchiffGold’s It’s Your Dime hosted by Mike Maharrey features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics.
In this special Thanksgiving week Friday Gold Wrap, host Mike Maharrey tells a true story of the Pilgrims most Americans never learn - how their two-year experiment with socialism nearly wiped out the colony, and how private property saved them.
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 https://schiffgold.com/news.
You wouldn't want to build a house on a rotten foundation, would you? Well, as Friday Gold Wrap Host Mike Maharey explains, the US economy has some rot in the foundation that the mainstream still hasn't noticed. But if you look closely, you can see it. In this episode, Mike shines a flashlight around that foundation and points out some of the rot - particularly in the real estate market. He also digs into the latest inflation numbers and investors' weird reaction to them.
You can visit the show notes page here: https://bit.ly/2Bckhwl
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 https://schiffgold.com/news
We made it through the latest "most important election of our lifetime." So, what's next? In this week's Friday Gold Wrap podcast, host Mike Maharrey offers a little post-election analysis. Will it be gridlock? Or will Trump turn out to be a great dealmaker? Or something else? Mike also shares an interesting development in the global movement to de-weaponize the US dollar.
You can visit the show notes page here: https://bit.ly/2PMcRrz
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 https://schiffgold.com/news
October was a brutal month for the stock market, but we've seen a bit of a rally the last few days. Most of the mainstream pundits seem to think this means the correction is over. After all, we're in the middle of an economic boom, right? But in this week's Friday Gold Wrap podcast, host Mike Maharrey is more doom and gloom than boom. After all, the fundamentals haven't changed. Interest rates are still going up and we are still loaded up on debt. Mike talks about it and also shares the highlights from the latest World Gold Council Gold Trends report - which isn't so gloomy.
You can visit the show notes page here: https://bit.ly/2OlgbFe
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 https://schiffgold.com/news
This bonus episode features the audio from Friday Gold Wrap host Mike Maharrey's interview with economist Mark Thornton.
What can skyscrapers tell us about the state of the economy?
A lot actually. In fact, you can predict economic crashes by looking at skyscraper construction, as Thornton explains.
You can watch the video of this interview here: https://www.youtube.com/watch?v=vHz3O2vBt9E
Mark Thornton holds his PhD in economics from Auburn University. He predicted the 2000 housing crisis several years before it started. Mark is the author of several books including his most recent release, The Skyscraper Curse and How Austrian Economics Predicted Every Major Economic Crisis of the Last Century.
Mike and Mark discuss how skyscrapers can help us predict economic crashes, the Austrian business cycle, why printing money out of thin air causes problems and what skyscrapers are telling us about the condition of the economy today.
Stocks suffered another drubbing Wednesday. It was the largest daily decline on Wall Street since 2011. But the market bounced back on Thursday and the mainstream still seems pretty certain this is all just a needed market correction. The pundits insist the economy is strong. But Friday Gold Wrap podcast host Mike Maharrey smells bears. In this episode, he explains why and provides some data to back it up. He also talks about why Donald Trump keeps lashing out at Fed Chairman Jerome Powell. In simplest terms: the president needs a scapegoat.
You can visit the show notes page here: https://bit.ly/2OUyUfZ
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 https://schiffgold.com/news
It was another volatile week on Wall Street. Stocks rallied Tuesday and then plunged again on Thursday. Has the bubble popped? Are we seeing the beginning of a bear market? We all want conclusive answers. Unfortunately, nobody has a crystal ball. But there are dynamics we can look at to make an educated guess. In this week's Friday Gold Wrap podcast, host Mike Maharrey looks at the economic news of the week and explains why he thinks whether it's happening now or it's still a little way down the road, the crash is coming.
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 https://schiffgold.com/news
It was an ugly week on Wall Street with the Dow shedding more than 1,300 points in two days. Rising interest rates sparked the investor temper tantrum. So, is this the beginning of a bear market, or just a normal correction as all the pundits keep telling us? Mike Maharrey talks about it on this episode of the SchiffGold Friday Gold Wrap. By the way, it was a pretty good week for gold. Mike talks about that too.
You can visit the show notes page here: https://bit.ly/2C9Oe0O
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 https://schiffgold.com/news
The yield on the 10-year Treasury hit its highest level in seven years this week. In other words, interest rates are going up. This isn't good news in a world flooded with debt. But most of the mainstream still seems pretty unconcerned, especially Trump supporters. They're convinced the president has fixed the economy. Unfortunately, they don't understand all of the dynamics and they are tripping down a primrose path to ruin. It's not all about tax cuts. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey offers a simple seven-point breakdown of what's actually going on. He also covers the latest in gold demand news and tells you about another country that is buying gold.
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 https://schiffgold.com/news
The Fed nudged up interest rates again this week and the price of gold dipped. The precious metals market hasn't offered a lot to get excited about in the last few months, but believe it or not, there are some gold bulls out there - even in the mainstream. A lot of people are realizing this might be a buying opportunity. SchiffGold Friday Gold Wrap host Mike Maharrey talks about it. He also discusses the latest Fed move and ponders a pretty poignant question: which rate hike will be the one that breaks the camel's back?
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 https://schiffgold.com/news
Stock markets hit record highs this week. It's yet another sign that everything in the economy is great! But there's a rotting foundation nobody is talking about. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey does. He also covers the latest goings on in the gold market, the trade war and how the Fed is still propping up the housing market.
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 https://schiffgold.com/news
The swamp is more expensive than ever! The U.S. government set a monthly spending record in August. The Treasury also borrowed more money than any August in history. In this week's Friday Gold Wrap podcast, host Mike Maharrey talks about this debt spiral. He also touches on a global movement to dethrone the dollar and a record silver-gold ratio.
You can visit this week's show notes page here: https://bit.ly/2CSJXke
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 https://schiffgold.com/news
Is this 2008 2.0?
Gold and silver are certainly acting a lot like they did that year. And there are some interesting parallels between the debt crises facing some emerging markets today and the subprime mortgage mess in '08. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about it. He also touches on the latest jobs numbers and the possibility the rate hike cycle could be close to the end.
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 https://schiffgold.com/news
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
There's been some progress toward a new NAFTA deal, but the trade war with China rages on. Meanwhile, the EU called Trump's bluff on a no-tariff policy. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about trade wars and their economic consequences. He also covers Jerome Powell's latest comments. Is the Fed getting more dovish?
You can visit the show notes page here: https://bit.ly/2N79f23
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 https://schiffgold.com/news/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey ponders the $64,000 question. How long with the Fed keep pushing up interest rates? He also talks about Trump putting pressure on Fed chair Jerome Powell and breaks down the latest projections for gold mine output. You can visit the show notes page here: https://bit.ly/2Ne7X26
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 https://schiffgold.com/news/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
The world is partying like it's 2007. The stock market keeps going up. There is economic optimism as far as the eye can see. It feels a lot like it did right before the 2008 crash. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey talks about some of the things going on in the economy right now and why it looks a lot like the eve of the storm. Visit the show notes page here: https://bit.ly/2OIsrA6
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 https://schiffgold.com/news/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
America is drowning in debt. Federal debt. Individual debt. Corporate debt. So what do the latest numbers on debt tell us? Nothing good. Friday Gold Wrap host Mike Maharrey looks at recently released consumer debt data and puts it in some economic context. He also talks about inflation and how the feds cook the books to make the deficit look better. You can visit the show notes page here: https://bit.ly/2nrlBn6
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
You've probably seen the headlines - gold demand is way down. So, why aren't you buying gold? Perhaps you're caught up in the mainstream's economic euphoria. But as Mike Maharrey discusses in this episode of the SchiffGold Friday Gold Wrap Podcats, the economy may not be as great as everybody thinks, and this may be the time to invest in gold. He also looks at what's really going on with gold demand. It's not quite what the headlines suggest. You can visit this week's show notes page here: https://bit.ly/2LVH59A
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
It seems like we've been playing a broken record over the last few weeks. The dollar is up; gold is down. But can dollar strength persist? Friday Gold Wrap host Mike Maharrey doesn't think so. In this episode, he tells you why and explains why he thinks there is an opportunity right now because gold is on sale.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
Mike Maharrey is on vacation this week, so he pre-recorded a special episode of the Friday Gold Wrap. This week, he breaks down a US News article that offers five reasons gold is a bad investment. He doesn't agree with our intrepid journalists and takes apart his argument point by point.
You can visit the shoe notes page here: https://bit.ly/2LBnGau
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
Millions of Americans are struggling with student loan debt. In this episode of the Friday Gold Wrap, host Mike Maharrey explains how the student loan debacle is a microcosm of the broader economy. He also talks about some important news relating to the supply of gold and how we should think about increasing inflation.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey focuses on some demand fundamentals as he discusses the increasing use of gold and silver in high tech applications. He also covers the economic news of the week, including the latest jobs numbers.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
The price of gold dropped to six-month lows this week. A lot of people are pretty bearish on the yellow metal. But in this week's episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey offers some reasons why you shouldn't give up on gold. He talks about why we shouldn't be so confident in the dollar, what the flattening yield curve might be telling us and some disturbing news about the national debt.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
Gold hit 2018 lows this week as the dollar surged. There is a lot of dollar bullishness in the market right now. But is this faith in the greenback really warranted? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about why some of the reasons people are gung-ho for the dollar are nonsense.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
There is a boogeyman lurking in the shadows of the economy - inflation. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey talks about how inflation is already impacting the economy and puts it in context of the latest move by the Federal Reserve. He also covers some of the latest financial news.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
The federal government is a fiscal trainwreck with trillions of dollars spiraling into a black hole. Meanwhile, millions of Americans are relying on massive programs like Social Security and Medicare that are functionally insolvent. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharry reveals just how big a mess America's finances are in - and talks about why it matters. He also covers the latest news in the gold market.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
Mortgage refinance applications have dropped to 18-year lows. This, along with surging sub-prime credit card delinquency rates, sends important signals about the economy. In this episode of the Friday Gold Wrap, host Mike Maharrey explains in detail. He also covers the suddenly hot trade war and some interesting news in the gold market.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
The Federal Open Market Committee released the minutes from its May meeting this week. Most analysts interpreted them as more dovish than expected. Some are even beginning to speculate that the Fed may be close to ending the tightening cycle. Why? Because an economy loaded down with debt can't handle higher rates. In a nutshell, the central bank has created a debt spiral. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about it. He also explains why Iranian sanctions may be good for gold and reveals what the Tooth Fairy can tell us about inflation.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
Gold has struggled this week with a stronger dollar and surging bond yields. But there are some more fundamental things going on in the gold market people might be missing. In this episode of the Friday Gold Wrap, host Mike Maharrey talks a little about rising bond yields and what that really means. Then he pivots into a discussion about the supply of gold. Some people say we are running out.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
The Big Mac Index is telling us something. In this episode of the SchiffGold Friday Gold Wrap podcast, Mike Maharrey explains. He also covers some important gold market news and tells you just how bad things have gotten in Venezuela.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
The crowd is excited about the low unemployment number. The crowd is optimistic about the economy. The crowd isn't very interested in gold. Should you follow the crowd? In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey breaks down the latest jobs report and gold demand numbers. He makes a case for maybe not following the crowd.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
There was another big stock market selloff on Tuesday as the 10-year Treasury yield cracked 3%. Could rising interest rates bring about the end of stock market dreams? SchiffGold Friday Gold Wrap host Mike Maharrey talks about the potential impact of rising interest rates on the US economy in general and the stock market in particular. He also shares some important gold market news that came out this week.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
It was a pretty slow week in economic news, but there are some rumblings in the bond market. In this episode of the Friday Gold Wrap, host Mike Maharrey looks at some data that might just be an ill-omen. He also shares some pretty astounding information about global debt.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
The mainstream keeps talking up the economy and trying to boost expectations. But at some point, expectations are going to crash head-first into economic reality. There are already warning signs. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey talks about two of them - a continuing meltdown in the retail sector and signs the subprime auto loan bubble has burst. He also shares the latest news on the silver market.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
News this week has focused on the potential for a full-blown trade war between the US and China. Some analysts think this could be good for gold. But there are other flashing warning signs in the economy that the mainstream isn't paying much attention to. In this week's episode of the SchiffGold Friday Gold Wrap Podcast, host Mike Maharrey talks about some of these warning signs, along with the latest gold market news.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
The mainstream keeps telling us everything is great in the economy. The stock market is fine. The fundamentals haven't changed. In a sense, they're right. The fundamentals are still lousy.
In this week's episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey makes the case for gold bulls and stock market bears.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
Debt and rising interest rates are like dynamite and blasting caps. Put them together and eventually they go boom.
The Federal Reserve raised interest rates again this week. The US government spent more money. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey talks about what it means to you specifically and the Ameican economy in general. He also highlights other events of the week impacting the precious metals markets.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
Mainstream economists, talking heads and government officials keep telling us everything about the economy is great. But it's not. In this episode, host Mike Maharrey focuses in on the latest retail sales data and concludes there are some real problems lurking. He also talks about countries buying and repatriating gold, and shares some more bullish news in the silver market.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
Gold has shown a lot of volatility over the last few weeks with the price rising and falling based on the news of the day. In this episode of the SchiffGold Friday Gold Wrap podcast, host Mike Maharrey touches on some of the news items, including the most recent jobs report, the pending trade war, and North Korea. But then he focuses in on some more basic fundamentals in the gold market that often get lost in the news cycle.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
Mainstream talking heads in the financial media keep telling us there isn't very much inflation. They're wrong. The problem is they are focused on the symptoms, not the underlying illness. In this episode of the Friday Gold Wrap, host Mike Maharrey explains what inflation really is and why there is plenty of it. He also talks about the possibility of a trade war, Jerome Powell's field trip to Capitol Hill, and the correlation between debt and the price of gold.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
News in the investment world continues to focus on interest rates and inflation. But most of the mainstream pundits don't get it. They are still talking up the dollar and talking down precious metals. In this episode of the Friday Gold Wrap, host Mike Maharrey explains why silver and gold are on sale right now, and how the bond market may well force the Federal Reserve's hand.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, host Mike Maharrey breaks down the relationship between bonds, the dollar, inflation and rapidly expanding levels of debt. It's not a pretty picture. He also talks about the latest gold supply news.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
The stock market is tanking, interest rates are climbing, and Congress just authorized more spending. A lot of people say government deficits don't matter. In this episode of the Friday Gold Wrap, host Mike Maharrey explains why this is fake news. He also talks about increased gold investment in Germany and the latest data on gold-backed funds.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
A solid jobs report has most analysts convinced the Fed will move forward with raising interest rates this year. Host Mike Maharrey talks about how this may be the wind that blows down the economic house of cards. He also discusses some gold supply and demand dynamics, and the latest downer for cryptocurrencies.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
This week, host Mike Maharrey talks about the crazy mixed messages coming out of the Trump administration on the dollar. The greenback has tanked and gold is up. But is this really all about what Trump is saying, or is there something more fundamental afoot? Maharrey also discusses Housing Bubble 2.0 and whether cryptocurrencies will replace gold.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
This week, host Mike Maharrey talks about the week's crypto crash and the rush into gold. He also covers some gold supply fundamentals and the troubling disparity between the growth of global debt and wealth.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
This week, host Mike Maharrey talks about the potential impact of China's decisions cut back on or end its purchase of US debt. He also discusses the latest data on gold demand.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
This week, host Mike Maharrey explains why a lot of people expect silver to shine in 2018. He also covers some interesting developments in Pakistan and analyzes the latest Federal Reserve FOMC minutes.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
Gold is on track for its best year since 2010. In this episode, host Mike Maharrey looks back at several major themes in the news this year that have impacted the gold market.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, host Mike Maharrey talks tax reform. There are things to like, but in the long run, we're still going to get a bill. He also discusses a nightmare before Christmas for the US dollar and the mass exodus from Illinois.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, host Mike Maharrey talks about this week's Federal Reserve interest rate hike and its impact on gold. It's not what the conventional wisdom would have you believe. He also discusses the latest on tax reform, the federal budget deficit and shares some good news for the silver market.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, host Mike Maharrey talks about the early Christmas present we're getting from gold. He also explains why we should think of the current Federal Reserve policy as "three strikes and you're out." Plus, there is news about the industrial use of gold, the latest figures on gold ETF holdings and more.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, host Mike Maharrey talks about the "swamp creatures" Pres. Trump has picked for the Federal Reserve. He also discusses geopolitical risk, Bitcoin, the "war on cash" and more.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, host Mike Maharrey talks about the Federal Reserve's obsession with inflation and what it means to the average person. He also covers geopolitical risk and gold, along with some important news about the platinum market.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, host Mike Maharrey talks about the stock market bubble. Everybody knows the market is overvalued, but they can't quit. What does this irrational exuberance mean for gold? Mike also covers some important silver supply news, the latest Thompson Reuters forecast, and more.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
The mainstream media is filled with gloomy headlines about gold demand. In this episode, host Mike Maharrey digs out the good news behind the headlines. He also discusses surging consumer debt and possible economic impacts of GOP tax reform.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, host Mike Maharrey talks about Pres. Trump's pick to head the Federal Reserve. He also covers important news about gold supply and demand fundamentals.
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 https://schiffgold.com/news/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, host Mike Maharrey talks about the European Central Bank’s announcement that it will continue its quantitative easing program into next year and contrasts it with Federal Reserve policy. QE may be left for dead in America, but it’s alive and well in Europe. Maharrey also talks about Chinese and Russian hopes of dethroning the dollar, an important bill introduced in Alabama, and the current “sale on silver.”
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.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, host Mike Maharrey talks about who Pres. Trump might tap to chair the Federal Reserve and explains why inflation isn't bad for gold. He also shares some news about silver, palladium and gold output in Australia.
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/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, host Mike Maharrey talks about gold's rebound, tax reform, Germany's budding love affair with gold, and he shares some thoughts on cryptocurrency.
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 https://schiffgold.com/news/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis.
In this episode, we talk about the potential runaway train the Federal Reserve just pulled away from the station, along with a recap of some of the top precious metals stories of the week. We also touch on the fact that gold is not just a hedge. It can help you grow your wealth. Finally, we discuss why now is a great time to buy gold.
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 https://schiffgold.com/news/
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. Visit schiffgold.com/news/
In this episode we talk about Pres. Trump's tax plan and what it might mean. And a more basic question: Can Congress get it done? We also discuss the failure of Obamacare repeal 3.0. Plus we dig into some gold fundamentals most people don't pay much attention to.
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.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. Visit https://schiffgold.com/news/
In this episode we talk about this week's hawkish Federal Reserve Open Market Committee meeting. Yellen indicated we can expect another rate cut this year, and announced the Fed will move forward with shrinking the balance sheet. We think Yellen and company are over-optimistic. In fact, Yellen has put herself in a box. We also talk about the Toys R Us bankruptcy and more generally discuss this year's retail bloodbath.
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.
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week's precious metals news with some thoughtful commentary. In this episode, we talk about the soaring national debt and what it could mean for the Fed, and Bitcoin's bad week. For more, visit https://schiffgold.com/news/
Friday Gold Wrap provides a succinct summary of the week's precious metals news with thoughtful analysis. In this episode, we talk about gold's push through the $1,350 level and the reasons behind the bull run. We also discuss what federal officials call one of the largest precious metal fraud cases in history. For more, visit SchiffGold.com/news.