Trump's Debt Dilemma: SchiffGold Friday Gold Wrap 11.15.2024

SchiffGold Friday Gold Wrap Podcast

Gold closed this week at $2,562 (down $123 since last week) and silver at $30.23 (down $1.20). Joel discusses recent price action, recent USD gains, and why Trump faces a terrible dilemma around inflation. OTHER TOPICS DISCUSSED: (1:52) Official inflation rose to 2.6%, with core CPI still above target. (2:15) Rate cut chance in December dropped from 65% to 27%. (4:12) Retiree Debt Rises: 68% of retirees now carry credit card debt (8:00) Dollar Hits 1-Year High: Dollar index climbed to 106.47 (10:15) Why Trump must cut spending to curb inflation Quote: The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. – Winston Churchill 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. The above references an opinion and is for information purposes only. It is not intended to be investment advice.