by SchiffGold  0   2

Gold closed the week about the identical at $2,326 as silver closes down $0.40 at $29.13.  JD and Joel clarify what’s behind the institutional demand for gold, current upswing in cash provide, and the catastrophic presidential debate.


    • Pending house gross sales drop greater than anticipated (-2.1% vs anticipated -0.4%)
    • Cash provide begins to broaden but once more
    • COTs report present institutional gold demand driving costs greater
    • Walgreens to shut a “significant %” of its 8,700+ shops
    • Trumps reelection odds rise quickly after Biden’s disastrous debate efficiency

Quote of the Week:

“We pay billions – lots of of billions of {dollars} to supporting different international locations which are in concept wealthier than we’re”​ Donald Trump


The SchiffGold Friday Gold Wrap podcast combines a succinct abstract of the week’s financial treasured metals information coupled with considerate evaluation. You possibly can subscribe to the podcast on Apple Podcasts and different podcasting platforms. The hyperlinks are beneath.

Pay attention on Youtube

SchiffGold on Soundcloud

SchiffGold on Fb

SchiffGold on Instagram

SchiffGold on MeWe

The Friday Gold Wrap on Apple Podcasts

The Friday Gold Wrap on Stitcher

The Friday Gold Wrap on Spotify

The Friday Gold Wrap on Google Podcasts

The above references an opinion and is for info functions solely. It’s not meant to be funding recommendation.

Download SchiffGold's Why Buy Gold Free ReportDownload SchiffGold's Why Buy Gold Free Report

Get Peter Schiff’s key gold headlines in your inbox each week – click on right here – for a free subscription to his unique weekly e mail updates.

Name 1-888-GOLD-160 and converse with a Valuable Metals Specialist immediately!