The recent CPI report showed that inflation is, according to official data, cooling down — so why are consumers more worried for the future than they’ve been in months? If prices are coming down, shouldn’t that fuel higher confidence and a greater collective sense of economic well-being? One simple answer is that the official data […] The post Inflation “Cooled” in June, So Why is Consumer Confidence Still Tanking? first appeared on SchiffGold ..read more

We’re about to face the aftermath of a Fed-induced housing crisis. U.S. pending home sales have dropped to historic lows not seen since the 2008 financial crisis, with a shocking 2.1% drop in May and a jaw-dropping 6.6% annual decline. With mortgage rates so high, banks and other investors are in massive trouble, facing severe […] The post US Housing Market Struggles As Pending Home Sales Drops first appeared on SchiffGold ..read more

Gold closed the week at $2,410 (up $19) and silver at $30.77 (down $0.43). JD and Joel interview Representative Ken Ivory, the man behind Utah’s recently-passed HB 348 law. This law enables the state to invest 10% of its $1.4 billion rainy day fund into gold and silver, stored in Brinks Salt Lake City. They […] The post The Man Behind Utah’s $140M Precious Metals Fund: SchiffGold Friday Gold Wrap July 12 2024 first appeared on SchiffGold ..read more

Across America’s cities, the inherent flaws in public transportation are becoming all too apparent. There are few urban residents who have no qualms with their public transit system. From aging infrastructure, budgets that struggle to cover costs, and a noticeable decline in ridership, there’s a growing argument for the privatization of transit infrastructure. This move […] The post Revitalizing Public Transit Through Privatization first appeared on SchiffGold ..read more

While the primary catalyst for the original English pilgrims to venture to America was religious freedom, a strong desire for independence followed closely behind. They desired to be independent of two things: poverty and government meddling. This spirit carried into the American Revolution and informed domestic policy for many years. The Homestead Act of (FIND […] The post Property Tax and the Death of the American Dream first appeared on SchiffGold ..read more

U.S. economic data is hitting headlines yet again—this time, due to serious concerns about its continued reliability. “Federal statistical agencies face increasing challenges to their ability to produce relevant, timely, credible, accurate, and objective statistics,” researchers of the American Statistical Association revealed. “Immediate action is needed to put the agencies … on a firmer footing […] The post U.S. Is “A Few Short Years” From Data Reliability Crisis, Study Warns first appeared on SchiffGold ..read more

An inverted Treasury yield curve has historically been associated with economic downturns, preceding every recession since the late 1960s. Earlier this year, it set a new record for remaining inverted for more than 624 days, which was the 1978 record. The curve has inched slightly back up but remains stubbornly inverted, and now even the […] The post The Yield Curve & Christine Lagarde Agree — Don’t Expect A “Soft Landing” first appeared on SchiffGold ..read more

In this episode, Peter recaps the latest batch of economic data, in which revisions to job numbers and a declining manufacturing sector bode poorly for the economy. He also analyzes gold and silver’s big week last week and offers some thoughts on President Biden’s recent post-debate interview on ABC. Friday saw an apparently optimistic jobs […] The post Peter Schiff: More Doom in the Data first appeared on SchiffGold ..read more

In 2023, the U.S. spent 1.04 trillion dollars on Medicare, which is over $3,000 per citizen. For an inefficient, problem-ridden program, that number is difficult for Americans to stomach. Medicare is a health insurance program for seniors and specific disabled individuals. It has provided coverage for millions since it originated in 1965. However, the benefits […] The post The Degenerative Disaster of Medicare first appeared on SchiffGold ..read more

Gold closed the week at $2,391 and silver closed up 7% at $31.20. JD and Joel explain what’s beneath this massive price upswing, drill into recent US jobs reports, and ponder the hypocrisy of power-hungry politicians. OTHER TOPICS DISCUSSED Investors give 72.5% chance of a September interest rate cut ISM manufacturing numbers show biggest contraction […] The post What’s Fueling Silver’s Upswing: SchiffGold Friday Gold Wrap July 5 2024 first appeared on SchiffGold ..read more