SchiffGold Friday Gold Wrap Podcast

Credit cards are great until the bill comes due. And the US economy has about maxed out the plastic. The Federal Reserve incentivized borrowing and the economy is buried under trillions of dollars in debt. As Friday Gold Wrap host Mike Maharrey explains in this episode, the bill is about to come due. He also goes over the July CPI data and digs into some of the ramifications. You can visit the sho...

In this special episode of the Friday Gold Wrap podcast, host Mike Maharrey answers listeners' questions. He covers topics including the precious metals markets, investment strategies, the trajectory of the economy, the future of the US dollar, central bank digital currencies (CBDCs), and more. You can visit the show notes page here: bit.ly/3KlLD60 Tune in to the Friday Gold Wrap each week for a r...

The Fed raised interest rates yet again during its July meeting. So, what's next? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and the weird messaging, and then speculates about the central bank's next move given the current economic backdrop. He also talks about a lucky Oklahoma woman and her bag of "junk" silver. You can visit the show notes pag...

Janet Yellen recently said she doesn't think the US economy will slip into a recession. Friday Gold Wrap host Mike Maharrey explains why he doesn't think we should put a lot of stock on Janet's prognostications, and he goes on to point out some major fissures in the economy and financial system that are opening up under the surface. You can visit the show notes page here: https://bit.ly/3pWklfB Tu...

As the saying goes, there's no place like home. And more and more countries think that's the case when it comes to their gold. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about why many central banks and sovereign wealth funds are bringing their gold home. He also talks about gold's performance through the first half of 2023 and the June CPI data. You can visit the show notes...

Despite doing nothing at the June meeting, Fed officials continue to talk tough about fighting inflation. But Friday Gold Wrap host Mike Maharrey thinks something is amiss. In this episode, he talks about the disconnect between rhetoric and the Fed's actions. Are they clueless or running scared? This week, he also talks about another big jump in the national debt and the latest on central bank gol...

There was a lot of economic data this month that seems to signal a strong economy. Does it though? Is everything really fine? In this episode of the Friday Gold Wrap, host Mike Maharrey digs deeper into the data and reveals a less sanguine reality. He also explains the inner workings of the spot price for gold, how it's determined, and the factors that influence it. You can visit the show notes pa...

Fed Chair Jerome Powell went to Capitol Hill this week and talked. His open-mouth operations dominated the financial news and drove gold lower. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into Powell's comments, reads between the lines, and points out a couple of things Powell got completely wrong. He also talks about some actual economic news that most people just ignored. Yo...

There is the mainstream and market perception of what going on in the economy and financial system. And then there's the underlying economic reality. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the growing divergence between the two in the context of the June Federal Reserve meeting and the latest CPI data. You can visit the show notes page here: bit.ly/3N4b1xS...

In this episode of the Friday Gold Wrap, host Mike Maharrey engages in a little "I told you so!" discussing a couple of things he got right, including his assertion that the real problems would start after the debt ceiling deal and that it was important to keep your eye on the commercial real estate market. He also talks about the yo-yoing gold price this week. You can visit the show notes page he...

If you buy gold or silver, you're going to pay a premium. So, what exactly is a premium and how is it determined? In this episode of the Friday Gold Wrap, host Mike Maharrey answers common questions about premiums. He also discusses the debt ceiling deal and where Americans rank gold as a long-term investment. You can visit the show notes page here: https://bit.ly/42fEmuF Tune in to the Friday Gol...

The debt ceiling "crisis" is coming to a head.  We're pretty confident Republicans and Democrats will strike a deal and raise the debt ceiling. That's supposed to solve the problem. But Friday Gold Wrap podcast host Mike Maharrey says the solution is the problem. In this episode, he also offers some bullish perspective on silver. You can visit the show notes page here: https://bit.ly/3MtLmOQ Tune...

There are a few things that Friday Gold Wrap host Mike Maharrey writes about that don't seem to garner much interest. In this show, Mike is going to talk about two of those things, why they matter, and why you should care. He also talks about the recent drop in the price of gold and what the markets are getting wrong. You can visit the show notes page here: https://bit.ly/42ORVCz Tune in to the Fr...

The CPI data for April came out this week. The mainstream spin was that it was more good news for the Fed's inflation fight. But the actual data tells a different story. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the CPI report and the disconnect between the mainstream narrative and reality. He also highlights some interesting Q1 gold demand numbers. You can visit the...

The Federal Reserve raised rates yet again during its May FOMC meeting. Now everybody is trying to decipher the messaging coming out of the Fed to figure out what's next. But what if the words Powell and Company are saying don't really matter? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the latest moves by the Fed and suggests we should focus on the realities ov...

Many people are concerned about a possible move toward central bank digital currency and we're starting to see organized pushback on the idea. But as Friday Gold Wrap host Mike Maharrey explains, a lot of people are so caught up in taking on CBDC that they're missing the more fundamental problem with government-issued fiat currency. Paper money isn't the solution. It is the parent of the problem....

Most attention in the precious metals markets has focused on inflation and the Federal Reserve's response. The perception that the Fed will continue to tighten monetary policy to fight inflation has created headwinds for gold and silver. But as Friday Gold Wrap host Mike Maharrey explains, there is a silver lining in all this - the fundamentals for silver. In this episode, Mike highlights silver's...

With the CPI coming in slightly cooler than expected and producer prices unexpectedly falling, a lot of people think the Fed pivot is now in play and we will soon see an end to monetary tightening. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the possibility of a pivot, market reaction, and most importantly, the possible ramifications. You can visit the show note...

The dollar may be king, but its throne is getting a little tippy. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the slow but steady erosion of the dollar's global dominance and the possible ramifications. He also explains how Federal Reserve monetary policy is like poison. You can visit the show notes page here: https://bit.ly/41av1EA TOPICS DISCUSSED -Monetary po...

The Federal Reserve has added nearly $400 billion to its balance sheet in just two weeks while simultaneously claiming to still be in the inflation fight. While things seem pretty quiet after the bank bailout, Friday Gold Wrap host Mike Maharrey says it's only a matter of time before the next shoe drops. What will that be? In this episode, he talks about one possibility. He also covers some intere...

On Wednesday, the Federal Reserve raised interest rates again despite the problems in the banking system. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the Fed's inflationary efforts to paper over the problems in the financial system while still keeping up the pretense of an inflation fight. He says it's like trying to thread a needle with rope. You can visit the show not...

In this episode of Metal Exchange, host Mike Maharrey chats with SchiffGold analyst Tony about the recent bank failures, the bailouts, the reaction of the markets and what might happen next. They conclude that if you're betting that the Federal Reserve has everything under control, that's probably a bad bet! You can visit the show notes page here: https://bit.ly/42ue2OK Topics Discussed -Who could...

Friday gold wrap host Mike Maharrey has been saying something is going to break in the economy for months due to the Fede's monetary tightening to fight inflation. Last Friday, something broke. It was the first crack in the dam. The Fed rushed in to plug the leak, but was it enough? In this episode of the podcast, Mike talks about the response to these bank failures and the possible ramifications....

There has been a lot of talk about central bank digital currencies (CBDCs) lately. Supporters tell you they will provide a safe, secure, convenient alternative to cash. But in this episode of the Friday Gold Wrap, host Mike Maharrey digs deeper and explains that CBDCs are actually about more government control. He also talks about how Jerome Powell talked and tanked the markets this week. Visit th...

Despite the hotter-than-expected CPI data for January, most people still seem confident that the Fed can win the inflation fight, drive CPI back to 2% in relatively short order, and then return to the easy monetary policy we all have come to expect. Friday Gold Wrap host Mike Maharrey does not share this optimism. In this episode, he outlines three reasons the Fed won't win the inflation fight. Yo...