Economy Is Barreling Toward Stagflation: SchiffGold Friday Gold Wrap, 4.26.24

SchiffGold Friday Gold Wrap Podcast

JD and Joel unpack Peter's latest podcast and the economy's current path toward stagflation. We look at this week's price action, macroeconomic data, dragons, Jordan Peterson and gold. OTHER TOPICS DISCUSSED -Gold is trading at $2,337 (up $55 since this time last week) -Silver is trading at $27.20 (down about 5% on the week) -CME Fedwatch tool slates the Fed to lower rates first in November -Q1 GDP came out at just 1.6% (versus the expected 2.2%) -Core PCE (year-over-year) came out higher than expected at 2.8% Quote of the week from Jordan Peterson: If you run from the things you are afraid of, you run from exactly what you need to find. Dragons hoard gold because the thing you most need is always to be found where you least want to look. 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