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 ou…

JD and Joel discuss gold's new record high and silver's tear upwards, an earthquake in NYC, headline jobs numbers, and Peter's most recent podcast.OTHER TOPICS DISCUSSED-Gold is trading at $2,329 (up $100 on the week)-Silver is trading at $27.46 (up about 10% on the week)-Fed governor Adriana Kugler's dovish comments push gold above $2300)-Nonfarm …

JD and Joel discuss gold's breakout past the $2,200 resistance level. Higher prices are driven by a dovish Fed, weakness in the dollar, and poor economic data. This week they also discuss Peter's most recent appearance.OTHER TOPICS DISCUSSED-Gold is trading at $2,233 (up $78 or about 3.5% on the week).-Silver is trading at $24.79 (up $0.31 or over …

JD and Joel discuss this week's Fed announcement. It caused new all-time highs in gold, but this all but confirms a coming inflation bloodbath. We also discuss ways the dollar can stay "strong" even amid high inflation.OTHER TOPICS DISCUSSED-Gold is trading at $2165 (up $11 or about 1% on the week).-Silver is trading at $24.66 (up $0.51 or 2% on th…

JD and Joel discuss hotter-than-expected inflation data, Peter's recent podcast, TikTok, Twitter, and price action.OTHER TOPICS DISCUSSED-Gold is trading at $2155 (down $23 or about 1% on the week).-Silver is trading at $25.17 (up $0.87 or 3.5% on the week).-Q4 GDP grew $334 billion as national debt grew $834 billion, more than twice as much.-US Ho…

JD and Joel discuss the new all-time highs in gold, Peter's recent podcast, the Fed's next move, and why silver is an especially good deal.OTHER TOPICS DISCUSSED-Gold is trading at $2178 (up $126 on the week)-Silver is trading at $24.30 (up $1.65 on the week)-Last Friday's Fed policy reports warned of risks to the financial sector-Nonfarm payrolls …

JD and Joel discuss Peter's take on the recent bitcoin craze driven by ETF demand. Is there a limit to Bitcoin's upside? Plus, what's driving higher gold prices this week?OTHER NEWS -Breaking news: Oil tops $80 per barrel-UMichigan survey shows consumers feel gloomy about economy, pushing gold up.-Gold is trading at $2070 (up $42 on the week)-Silve…

JD and Joel discuss Peter's take on the record-breaking highs in stocks, driven by chip company NVIDIA's $277 billion Thursday rally. Is there a stock bubble driven by AI hype and low-interest rates? How might the Fed respond and what does this mean for gold?OTHER TOPICS DISCUSSED-Gold is trading at $2028 (up $28 on the week)-Silver is trading at $…

Here is why gold is down this week, Peter Schiff's best takes on Biden's Super Bowl shrinkflation ad and Joel's thoughts on "the best time" to sell gold.OTHER TOPICS DISCUSSED-Gold traded Friday morning at $2,000/ounce (-$27 weekly)-Silver traded Friday morning at $22.83/ounce (+$0.25 weekly)-January inflation comes in at 0.3% or an annualized rate…

In this week's Friday Gold Wrap Podcast, JD and Joel discuss why gold is down this week, Powell's comments on 60 Minutes about the debt, and some Valentine's Day thoughts inspired by Austrian economist Carl Menger.OTHER TOPICS DISCUSSED-The VIX "Fear Index" and how it's measured-Gold and silver technicals-What makes Powell different from past Fed c…

In this week's Friday Gold Wrap Podcast, JD and Joel discuss why gold is down today, why the Fed's game could replay 2008, and other market and precious metals news.OTHER TOPICS DISCUSSED-January jobs number at 353k vs. 180k expected-Leading Economic Indicators (LEI) negative past 20 months-Disastrous manufacturing data from the Dallas Fed, Philly …

In this week's Friday Gold Wrap Podcast, JD and Joel discuss why gold is down this week, soaring tech stocks and plummeting gold stocks, and other market and precious metals news.OTHER TOPICS DISCUSSED• Tech stocks push indices to all-time highs • Q4 2023 GDP rose higher than expected • Gold holds steady as gold stocks get crushed• Fool's gold (Bit…

In this week's Friday Gold Wrap Podcast, JD and Joel discuss why gold is up today, "doom spending," and other market and precious metals news.OTHER TOPICS DISCUSSED-Silver, the dollar index, and the VIX-Lowering premiums for physical precious metals-Failing Social Security trust funds-December's better-than-expected retail sales figures-Debt-saddle…

In this week's Friday Gold Wrap Podcast, JD and Joel discuss recent gold price action and market news. They also cover last Friday's non-farm payroll numbers, the strike on Houthi rebels, and the SEC's fumble with Bitcoin ETFs.OTHER TOPICS DISCUSSED- Why gold is up today- Joseph Brown on dramatic declines in US tax revenue(https://www.youtube.com/w…

At the start of a new year, we're excited to announce new co-hosts to the Friday Gold Wrap Podcast: JD and Joel Bauman. In this episode, JD and Joel discuss recent gold price action and key factors affecting gold in 2024 such as interest rates and global elections.You can visit the show notes page here: https://schiffgold.com/friday-gold-wrapTOPICS…

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 announce…

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 mon…

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 s…

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 te…

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…

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 …

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 t…

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 expl…

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 m…

When it comes to economic data, context matters. In this episode of the Friday Gold Wrap, host Mike Maharrey explains how the Fed, many mainstream economists, and financial network talking heads get a lot wrong because of bad data, shoddy economic frameworks, and ignorance of history. Along the way, he covers the GDP and the latest price action for…

The economy is strong. The American consumer is resilient. Everything is great. At least that's the mainstream narrative. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why it's all just an illusion of prosperity. Along the way, he covers the September retail sales data, Federal Reserve Chairman Jerome Powell's most re…

But he's playing tricks with the data and making assumptions that are meaningless in the real world. In this episode of the Friday Gold Wrap, host Mike Maharrey dissects Krugman's claims in light of the September CPI data. He also talks about market reaction to the CPI and shares some interesting gold news from Zimbabwe.You can visit the show notes…

The mainstream wasn't just wrong about inflation in 2020. It was wildly wrong. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey dissects a 2020 video produced by CNBC to show just how wrong they were. He explains why they were wrong and teaches some economics along the way. He also discusses the carnage in the bond market and tel…

The economy is great! Inflation is dead! We're on our way to a soft landing! We keep hearing messages like this over and over again from Fed officials, the Biden administration, academics, and financial news pundits. But doesn't the spin seem a little detached from reality? In this episode of the Friday Gold Wrap, host Mike Maharrey exposes the pol…

The Federal Reserve wrapped up its September meeting on Wednesday and left interest rates unchanged. But Powell and Company had plenty to say. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the Fed's rhetoric and prognostications, and argues that what the Fed says and what it will do are two different things.You can visit t…

The economy is in a slow burn. You can't even see the flames. But there is some smoke. In this episode of the Friday Gold Wrap, host Mike Maharrey calls attention to that smoke with a breakdown of August's CPI and some other data that came out this week. He also busts a myth about silver.You can visit the show notes page here: https://bit.ly/3rgY1O…

We're fed up -- fed up with the Federal Reserve. After all, it is the engine that drives the biggest government in history. In this episode of the Friday Gold Wrap, host Mike Maharrey explains what the Fed is, how it came to be, and how it enables reckless government borrowing and spending. He also talks about one reason why the recent drop in the …

We're kicking off Labor Day weekend. That means you're going to hear a lot of rhetoric about how the government needs to do more for workers. But as Friday Gold Wrap host Mike Maharrey explains, we don't really need better government policies for workers. We need better money for everybody. He also talks about tanking consumer confidence in this bu…

The BRICS economic bloc announced it will add six new members, including Saudi Arabia. The growing influence of BRICS could ultimately dent Western economic power and undermine the dollar's role as the world's reserve currency. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the ramifications of BRICS expansion, de-dollariza…

There is a growing consensus that the Federal Reserve can successfully slay price inflation and bring the economy to a soft landing. After all, the economy appears to be chugging along. But as Friday Gold Wrap host Mike Maharrey explains, there are a lot of things bubbling under the surface that should temper that optimism. In fact, what we're seei…

Credit cards are great until the bill comes due. And the US economy has about maxed out the plastic. The Federal Reserve incentivized borrowing and the economy is buried under trillions of dollars in debt. As Friday Gold Wrap host Mike Maharrey explains in this episode, the bill is about to come due. He also goes over the July CPI data and digs int…

In this special episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listeners' questions. He covers topics including the precious metals markets, investment strategies, the trajectory of the economy, the future of the US dollar, central bank digital currencies (CBDCs), and more.You can visit the show notes page here: bit.ly/3KlLD60T…

The Fed raised interest rates yet again during its July meeting. So, what's next? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and the weird messaging, and then speculates about the central bank's next move given the current economic backdrop. He also talks about a lucky Oklahoma woman and her bag …

Janet Yellen recently said she doesn't think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn't think we should put a lot of stock on Janet's prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening up under the surface.You can visit th…

As the saying goes, there's no place like home. And more and more countries think that's the case when it comes to their gold. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about why many central banks and sovereign wealth funds are bringing their gold home. He also talks about gold's performance through the first half of 2023 a…

Despite doing nothing at the June meeting, Fed officials continue to talk tough about fighting inflation. But Friday Gold Wrap host Mike Maharrey thinks something is amiss. In this episode, he talks about the disconnect between rhetoric and the Fed's actions. Are they clueless or running scared? This week, he also talks about another big jump in th…

There was a lot of economic data this month that seems to signal a strong economy. Does it though? Is everything really fine? In this episode of the Friday Gold Wrap, host Mike Maharrey digs deeper into the data and reveals a less sanguine reality. He also explains the inner workings of the spot price for gold, how it's determined, and the factors …

Fed Chair Jerome Powell went to Capitol Hill this week and talked. His open-mouth operations dominated the financial news and drove gold lower. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into Powell's comments, reads between the lines, and points out a couple of things Powell got completely wrong. He also talks about some actu…

There is the mainstream and market perception of what going on in the economy and financial system. And then there's the underlying economic reality. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the growing divergence between the two in the context of the June Federal Reserve meeting and the latest CPI data.You ca…

In this episode of the Friday Gold Wrap, host Mike Maharrey engages in a little "I told you so!" discussing a couple of things he got right, including his assertion that the real problems would start after the debt ceiling deal and that it was important to keep your eye on the commercial real estate market. He also talks about the yo-yoing gold pri…

If you buy gold or silver, you're going to pay a premium. So, what exactly is a premium and how is it determined? In this episode of the Friday Gold Wrap, host Mike Maharrey answers common questions about premiums. He also discusses the debt ceiling deal and where Americans rank gold as a long-term investment.You can visit the show notes page here:…

The debt ceiling "crisis" is coming to a head. We're pretty confident Republicans and Democrats will strike a deal and raise the debt ceiling. That's supposed to solve the problem. But Friday Gold Wrap podcast host Mike Maharrey says the solution is the problem. In this episode, he also offers some bullish perspective on silver.You can visit the sh…

There are a few things that Friday Gold Wrap host Mike Maharrey writes about that don't seem to garner much interest. In this show, Mike is going to talk about two of those things, why they matter, and why you should care. He also talks about the recent drop in the price of gold and what the markets are getting wrong.You can visit the show notes pa…

The CPI data for April came out this week. The mainstream spin was that it was more good news for the Fed's inflation fight. But the actual data tells a different story. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the CPI report and the disconnect between the mainstream narrative and reality. He also highlights some inte…

The Federal Reserve raised rates yet again during its May FOMC meeting. Now everybody is trying to decipher the messaging coming out of the Fed to figure out what's next. But what if the words Powell and Company are saying don't really matter? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the latest moves by the Fe…