With some apparent progress on the tariff front, some people in the mainstream are turning bearish toward gold, thinking the economy can avoid a recession and dodge a resurgence in price inflation.

Is their bearishness justified?

On this week's episode of the Money Metals Midweek Memo podcast, host Mike Maharrey takes on the gold and silver bears, arguing there are at least three significant factors that should continue to support gold in the mid to long term.

In this show, Mike also explains why Idaho Governor Brad Little was wrong to veto a bill authorizing state gold and silver reserves because of the storage costs.