The Status Quo Changes Things? SchiffGold Friday Gold Wrap 11.26.21



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Earlier this week, President Joe Biden announced Jerome Powell will serve a second term as chair of the Federal Reserve. In effect, Biden stuck with the status quo. But the markets reacted as if big changes are afoot. Gold sold off hard, falling back below $1,800 an ounce. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about Powell’s reappointment and the market’s reaction to it.

You can visit the show notes page here: https://bit.ly/30W9GW1

Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.

For more information, visit: https://schiffgold.com/news/

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You may be eligible to add gold & silver to your 401k:
https://schiffgold.com/401k-gold-ira-rollover/

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SciffGold’s “Friday Gold Wrap” Podcast:
https://www.youtube.com/playlist?list=PL0wTm26s8oKcZf-v42aen-pye-Rt_XTp9

SchiffGold’s “It’s Your Dime” Interviews:
https://www.youtube.com/playlist?list=PL0wTm26s8oKdDXbzY2bKFCY38cD0136Xf

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Increasing Wealth – Silver American Eagle Coins – Numismatic Coins

Silver is currently being referred to as the new Gold. Why? Because when gold prices increase, such as they have recently, investors seek a lesser expensive alternative. That’s why silver is called poor-man’s gold.

How to Invest to Buy Silver and Gold

A favorite sibling asked me how to invest to buy silver the other day. Then she wanted to know should she buy gold or buy silver. She favored the white metal because its price is much lower than that of the yellow stuff, and Carol is a bargain hunter. How to invest is the easy question. Whether or not you should is the tough one. Here’s my reply.

Buying Gold As a Long Term Investment

The price of gold fluctuates because more gold can be mined, but gold is not consumed in any way, it is bought and kept safe by collectors. When collectors, or anyone who wants to sell gold, comes out with his share, the supply of gold that is available increases. This pushes the prices down although, as soon as people are informed about it, there is an excessive demand, which pushes the price back up.

Buy Bullion – The Best Way to Buy Gold Bullion

For hundreds if not thousands of years gold has been used as a currency and continues to be a highly valued precious metal and commodity. Gold bullion has always been a trusted investment to shelter from recession and inflation. Gold prices in the world market usually stay stable even through times of recession, economic instability and currency volatility.

Why a Gold Investment?

2007 marked the beginning of what has been commonly referred to as “the worst financial crisis since the Great Depression,” and this weakened economy has caused mayhem with mainstream investments like stocks, bonds and real estate. Newspapers, magazines and articles from various sectors have reported trillions of dollars lost with paperbacked assets as a result of major economic contractions. Between 2001 and 2008, the majority of mainstream investing markets spiraled downward, and during this same period the gold spot price increased more than 300%.

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