GDP Gives False Optimism: SchiffGold Friday Gold Wrap 7.26.2024

SchiffGold Friday Gold Wrap Podcast

Gold closed the week at $2,387 (down $13) and silver at $27.91 (down 4.7%). This week's GDP numbers give the illusion of a strong economy. In reality, the economy remains insecure. The Fed must cut rates; the recent dip in precious metals prices is unlikely to last. OTHER TOPICS DISCUSSED -Why gold and silver prices are down this week -Record high home prices amid inflation slow sales -Consumer sentiment hits 8-month low -US stocks fall after Tesla's earnings miss -Experian: Average American debt reaches $104k -SECURE Act 2.0 reveals economic insecurity Quote of the Week: "Beware of little expenses; a small leak will sink a great ship." -Benjamin Franklin 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