Thomas Sowell wrote, "There are no solutions. There are only trade-offs."

This perfectly describes why the Fed cut rates last week despite lamenting "somewhat elevated" inflation.

In this episode of the Midweek Memo podcast, host Mike Maharrey explains the trade-offs facing the central bankers, why they made the decision they did, and how it will impact the gold and silver markets.

This week, Mike also shares some of the things he saw on his "field trip" to the Money Metals' offices and bullion depository last week.