Media Silent As Gold Surpasses $2400: SchiffGold Friday Gold Wrap - Friday, April 12

Gold, Ingots, Treasure, Bullion, Gold Bars, Wealth

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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.”

Video Length: 00:06:46


More By This Author:

CPI Vs Rate Cuts: The Fed’s Mission Impossible
Central Banks Are Buying The Gold Top
Earthquakes & Gold Rallies Above $2300: SchiffGold Friday Gold Wrap For Friday, April 5
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Ultra 1 month ago Member's comment

$SPY 350 in 2024. Bearish

Roger Morris 1 month ago Member's comment

It was all over the news.