SchiffGold Friday Gold Wrap Podcast

CPI data came in slightly cooler than expected for August, giving new energy to the "transitory" inflation narrative. But can we really trust these numbers? In this episode, Friday Gold Wrap host Mike Maharrey takes a deep dive into the CPI and considers this question. He also touches on the big gold sell-off Thursday sparked by surprisingly good retail sales numbers. You can visit the show notes...

The government is always promising to fix things. It has policies to fix the economy, fix foreign countries, and even fix the pandemic. But as Friday Gold Wrap podcast host Mike Maharrey explains in this episode, instead of fixing things, the government wrecks pretty much everything it touches. You can visit the show notes page here: https://bit.ly/38WBB8u Tune in to the Friday Gold Wrap each week...

Federal Reserve Chairman Jerome Powell spent most of his Jackson Hole speech continuing to try to convince everybody that inflation is transitory. As Friday Gold Wrap podcast host Mike Maharrey points out in this episode, whether it is or isn't transitory, inflation is a real thing that has a real impact on real people. In this show, he also breaks the news on the August jobs numbers and discusses...

Jerome Powell will speak today at the Jackson Hole economic summit. Everybody is on pins and needles in anticipation of the Fed chairman's speech. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey discusses the Fed's messaging and then moves past the talk to discuss the "here and now" reality. He also spends some time talking more fundamentally about gold as part of an investment...

This week marked the 50th anniversary of President Richard Nixon slamming shut the "gold window" and cutting the last tether between the dollar and gold. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains exactly what Nixon did and the impact of 50 years of monopoly money. He also covers some of the week's economic data and the release of the Fed's July minutes. You can v...

Gold and silver tanked after last Friday's job report. But both metals have rallied a bit since the July CPI numbers came in right at expectations. In this episode of the Friday Gold Wrap, host Mike Maharrey looks a little deeper at jobs and CPI. Then he goes off-script and addresses some listener comments. You can visit the show notes page here: https://bit.ly/2VSbrR6 Tune in to the Friday Gold W...

When it comes to precious metals investing, gold tends to hog the spotlight. But silver is also important to investors, both as an industrial and a monetary metal. In this Gold Exchange interview, host Mike Maharrey chats with Silver Institute Executive Director Michael DiRienzo about the current state of the silver market and where it's going in the future. You can visit the show notes page here:...

Gold was solidly above $1,800 an ounce this week until Fed Vice Chair Richard Clarida mentioned the economy reaching the Fed's goals earlier than expected and raised the specter of monetary policy tightening. But is the economy really improving as much as everybody seems to think? In this week's Friday Gold Wrap, host Mike Maharrey digs into some of the economic numbers and determines they're faki...

The Federal Reserve held its July meeting this week. Once again, it didn't do anything. But there was certainly plenty of talk to dissect. In this episode of the Friday Gold Wrap, host Mike Maharrey does just that with some analysis of the messaging coming out of the Fed meeting, along with a look at the newly released GDP numbers. You can visit the show notes page here: https://bit.ly/3xdEWK2 Tun...

Pop some popcorn. It's time for some political theater. Congress is gearing up for another debt ceiling fight. In this episode of the Friday Gold Wrap, host Mike Maharey gives you a preview of the next big Washington DC blockbuster production, complete with some debt ceiling history and an explanation as to why we shouldn't need one. Maharrey also covers retail sales, inflation and the latest move...

Consumer price index data came in hotter than expected. Again. The producer price index data also came in well above projections. But Fed Chair Jerome Powell continues to stick to his "inflation is transitory" story. On this episode of the Friday Gold Wrap, host Mike Maharry digs into the inflation data and highlights Powell's comments on Capitol Hill. He concludes the story is really all they've...

This week, the IMF undercut the Fed's "transitory" inflation narrative, warning about the possibility of sustained inflation in the US. But the real question remains unanswered - what will the Fed do about it? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the options on the table. None of them seem particularly good. That raises another question: how long can the...

Will the Federal Reserve tighten monetary policy to fight inflation? Or will it keep its loose monetary policy in place to support the fake recovery? The central bank has a profound influence on the economy, for better or for worse. But should the Federal Reserve even exist? In this episode of the Friday Gold Wrap, host Mike Maharrey argues that it shouldn't - not if you follow the original meanin...

Yesterday, President Joe Biden announced Republicans and Democrats have come up with a $1.2 trillion infrastructure deal. But where is Uncle Sam going to come up with the money? And what does this tell you about the likely trajectory of Federal Reserve monetary policy? Host Mike Maharrey talks about it in this episode of the Friday Gold Wrap podcast. He also discusses the latest talk, talk, talk c...

The Federal Reserve wrapped up its June meeting this week. The markets are convinced Jerome Powell has gone hawkish. Has he though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the messaging coming out of the FOMC meeting and reaches a completely different conclusion. He also compares and contrasts three competing narratives about the trajectory of Fed monetary p...

We got another round of hotter than expected CPI data this week. The mainstream financial media is spinning this as good news. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into the CPI data without the rose-colored glasses. He also talks about an announcement by a major restaurant chain that may well be a canary in the coal mine. His conclusion - in the end, economics wins. You...

With some positive economic data coming out this week, investors suddenly went bullish on the economy again and decided that the Fed is surely going to deal with inflation now. Will it though? In this Friday Gold Wrap Podcast episode, host Mike Maharrey speculates about the Fed's next move. He also looks ahead and talks about the long-term future of the dollar. Can we assume it will always be the...

The Fed wants us to believe everything is under control. The economy is improving. Inflation is transitory. Good times are ahead. But behind the scenes, central bankers and government officials are scrambling to keep all the economic props in place. As they intervene in one area of the economy, they create problems in another. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey tal...

After last week's hotter than expected CPI data, gold sold off, following a pattern we've seen over the last few months. But in the last week, gold has rallied, knocking on the door of $1,900. In fact, there has been a broader pivot in the market that could indicate the mainstream is ready to face the reality of inflation. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the...

CPI came in much hotter than expected. Fed Vice Chairman Richard Clarida actually said, “We were surprised by higher than expected inflation data.” But should we really be surprised by this? In this episode, Friday Gold Wrap host Mike Maharrey talks about inflation and suggests maybe you shouldn't be shocked. He also discusses the whacked-out labor market. You can visit the show notes page here: h...

Treasury Secretary Janet Yellen did a big flip-flop this week. Her comments and her subsequent attempt to walk them back were telling. She accidentally revealed the ugly truth about inflation and the central bank's ability to deal with it. In this episode of the Friday Gold Wrap, host Mike Maharrey takes Yellen to task. He also talks about the recent rally in both gold and silver. You can visit th...

What is the government doing to your money? And how can you protect yourself? These are key questions facing every American today. In this bonus episode interview, Friday Gold Wrap Podcast host Mike Maharrey tries to dig out some answers with investment veteran and author E.B. Tucker. Tucker is the author of "Why Gold? Why Now? The War Against Your Wealth and How to Win It." As the title suggests,...

There was a lot of news and economic data that came out this week. The Fed held its April meeting. President Biden unveiled yet another tax and spend plan. And the Q1 GDP numbers came out. In this episode of the Friday Gold Wrap, host Mike Maharrey gives an overview of the week's news and draws a rather unsettling conclusion -- this economy is totally jacked up. You can visit the show notes page h...

There's been some chatter in the financial media about the decline of the gold market. Gold is a relic of the past and crypto will replace it as the go-to safe haven and inflation hedge, according to some. But as host Mike Maharrey explains in this episode of the Friday Gold Wrap podcast, the demise of the gold market is greatly exaggerated. A lot of people still want gold. Mike also touches on th...

CPI came in even hotter than expected signaling rising inflation. The US government is running a massive record budget deficit. But we're told these things aren't a problem. Budget deficits don't really matter. Inflation is transitory. But how can we be so sure? On this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about it. You can visit the show notes page here: https://bit.l...