Media Silent As Gold Surpasses $2400: SchiffGold Friday Gold Wrap 4.12.2024

SchiffGold - 2024-04-12

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.' 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: instagram.com/schiffgoldnews SchiffGold on Twitter: twitter.com/SchiffGold SchiffGold on Facebook: facebook.com/schiffgold SchiffGold's website: schiffgold.com