Powell Surrenders And Gold Gains: SchiffGold Friday Gold Wrap 8.23.2024

SchiffGold Friday Gold Wrap Podcast

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 savings Quote of the Week: "It’s not the return on my investment that I’m concerned about; it’s the return of my investment." -Will Rogers 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/schiffgoldnews SchiffGold on Twitter: twitter.com/SchiffGold SchiffGold on Facebook: www.facebook.com/schiffgold SchiffGold's website: www.schiffgold.com The above references an opinion and is for information purposes only. It is not intended to be investment advice.