A Perfect Credit Storm: SchiffGold Friday Gold Wrap 10.11.2024

SchiffGold Friday Gold Wrap Podcast

Gold closed the week at $2,657 (up $5 since last week) and silver at $31.52 (up $0.67). We discuss the economic aftermath of Hurricane Milton, crashing Chinese stocks, and terrifying credit card interest rates. OTHER TOPICS DISCUSSED -September Core CPI data above expectations at 0.2% -Jobless claims jump 33,000 to 258,000 -Consumer sentiment falls to 68.9 -Credit card interest rates reach average of 30.45% -The economic impact of Hurricane Milton and Helene -Key headlines for next week Quote of the Week: Whoever eats up, robs, and steals the nourishment of another, that man commits as great a sin as if he had strangled or starved such a person to death... such is the sin of usury." -Martin Luther 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.