Gold Nears $2,800 New All Time High: SchiffGold Friday Gold Wrap 11.1.2024

SchiffGold Friday Gold Wrap Podcast

Gold hit an all-time high of nearly $2,800 this week, closing at $2,735 (down $11 since last week) and silver at $32.44 (down $1.25). JD and Joel discuss gold's new all-time high, how economic weakness, elections, and central bank moves are impacting demand for gold and silver. APPROXIMATE TIMESTAMPS 00:00 - Introduction and Seasonal Reflections 02:23 - Economic Data Overview 06:43 - Market Reactions and Predictions 10:55 - Gold's Performance and Central Bank Strategies 15:42 - Understanding Intrinsic and Melt Value 20:38 - Looking Ahead: Upcoming Economic Indicators Quote of the Week: The fundamental problem is that, while we might wish to delegate all problems to government, there are many which the government is simply incapable of solving. A government can enforce rules and provide a framework within which people can work together, but it can neither foresee nor direct all of the effects of individual choices within the market.” - Friedrich Hayek 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.