Media Silent As Gold Surpasses $2400: SchiffGold Friday Gold Wrap April 12, 2024

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 premiums

Quote from Ron Paul:

When monetary policy destroys the currency, it always destroys the middle class.”

TOP ARTICLES THIS WEEK

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.

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The above references an opinion and is for information purposes only. It is not intended to be investment advice.

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