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.
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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.
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 up
Peter 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!
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 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.
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/3RSMUpu
Tune in to the Friday Gold Wrap each week for a recap of the week’s 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/3NqkzUI
Tune in to the Friday Gold Wrap each week for a recap of the week’s 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/488rMAN
Tune in to the Friday Gold Wrap each week for a recap 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/47SiWXG
Tune in to the Friday Gold Wrap each week for a recap of the week’s 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/3QWwafp
Tune in to the Friday Gold Wrap each week for a recap of the week’s 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/49Jm1Lu
Tune in to the Friday Gold Wrap each week for a recap of the week’s 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/3QwuIA7
Tune in to the Friday Gold Wrap each week for a recap of the week’s 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/3tWz2Rv
Tune in to the Friday Gold Wrap each week for a recap of the week’s 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
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.
