Biden’s Super Bowl Blunder: SchiffGold Friday Gold Wrap 2.16.24

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JD and Joel discuss this week: why gold is down, Peter Schiff’s best takes on Biden’s Super Bowl shrinkflation ad, and thoughts about “the best time” to sell gold.


-Gold traded Friday morning at $2,000/ounce (-$27 weekly)
-Silver traded Friday morning at $22.83/ounce (+$0.25 weekly)
-January inflation comes in at 0.3% or an annualized rate of 3.7%
-US producer prices (PPI) rise the most in 5 months
-What Biden gets backward about inflation and shrinkflation
-The week ahead

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.

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