Gold closed this week at $2,625 (about the same as last week) and silver at $29.35 (down about $0.20). Joel recaps this year's biggest economic events and precious metal performance before looking ahead to 2025. Market commentary begins at 4:51.

OTHER TOPICS DISCUSSED:

-Gold up 26.9%, silver gains 23.7% in 2024.

-Poor consumer confidence at 104.7 (versus 112.9 forecast).

-US economic indicators and mortgages are worse than expected.

-Russia keeps interest rates steady at 21%.

-US debt hits $36 trillion, bank failures rise.

-Hurricanes Milton, Helene caused $200B in damages.

-Stock markets performed well in 2024; volatility expected in 2025.

QUOTE OF THE WEEK

"He who is unfit to serve his fellow citizens wants to rule them."

– Ludwig Von Mises

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

The above references an opinion and is for information purposes only. It is not intended to be investment advice.