Gold closed the week at $2,621 (up $43 since last week) and silver at $31.15 (up $0.44). This episode explains in-depth the massive Fed interest rate cut announcement. A new phase of higher inflation and metal prices begins now.

OTHER TOPICS DISCUSSED

-Global central banks target lower rates

-Leading indicators for US Economy sink 0.2% in August

-Monthly Jobless claims fell modestly (219,000 vs. 229,000 expected)

-Amazon and Walmart change to adopt to government anti-trade order

-Key headlines to look out for in week ahead

Quote of the Week:

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value"

-Alan Greenspan

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.