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Biden’s Super Bowl Blunder: SchiffGold Friday Gold Wrap 2.16.24


  by SchiffGold  0   5

JD and Joel discuss this week: why gold is down, Peter Schiff’s best takes on Biden’s Super Bowl shrinkflation ad, and thoughts about “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 of 3.7%
US producer prices (PPI) rise the most in 5 months
What Biden gets backward about inflation and shrinkflation
The week ahead:

Banks are closed next Monday
LEI indicators released next Tuesday at 10:00AM
Fed FOMC January Meeting Minutes released next Wednesday at 2:00PM

Quote from Frederic Bastiat:

Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.”

TOP ARTICLES THIS WEEK

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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