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
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- Investors give 72.5% chance of a September interest rate cut
- ISM manufacturing numbers show biggest contraction since COVID
- Jobs: ADP jobs report reveals 10,000 jobs less than expected; US unemployment data higher than expected (4.1% vs. 4.0%)
- UK Labour Party landslide victory
- Politicians who mandated masks now ban them
- Vacation financing at vicious interest rates
Quote of the Week:
If liberty means anything at all, it means the right to tell people what they do not want to hear.” George Orwell
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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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