Every time the economy gets into trouble, governments and central banks react the same way. They slash interest rates and loosen monetary policy. This gooses the economy -- temporarily. But when the next crisis comes, it takes an even bigger dose of extraordinary monetary policy to revive the economy. The Fed has pushed things into the future several times, but as Friday Gold Wrap host Mike Maharrey explains, at some point you've got to pay the piper. In this episode, he also discusses the bond ...
Mar 26, 2021•14 min
The Federal Reserve held its March FOMC meeting this week. There were no changes in monetary policy, but there was plenty of talk. The question is does anybody really believe what the Fed is saying? SchiffGold Friday Gold Wrap podcast says the mainstream doesn't seem to believe the Fed. And he doesn't either. But for very different reasons. You can visit the show notes page here: https://bit.ly/2NA6AjG Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political new...
Mar 19, 2021•14 min
Do you feel stimulated? Congress got the deal done on a $1.9 trillion stimulus package this week. But the markets continue to behave as if there is no inflation threat with all this borrowing, spending and money printing. On this week's Friday Gold Wrap, host Mike Maharrey breaks down the stimulus bill. He tells you what's in it and who will pay for it. He also talks about rising prices the mainstream can't seem to find. You can visit the show notes page here: https://bit.ly/30CVtJO Tune in to t...
Mar 12, 2021•16 min
Gold faced more selling pressure this week as the mainstream continues to labor under the misguided notion that the Federal Reserve is going to tighten monetary policy sooner than expected to deal with inflation. Friday Gold Wrap podcast host Mike Maharrey has been arguing the Fed is not going to tighten; it's going to ramp up quantitative easing to keep rates down. This week, he shares some insights from a mainstream analyst who gets it too. You can visit the show notes page here: https://bit.l...
Mar 05, 2021•14 min
Jerome Powell was on Capitol Hill this week (at least virtually) to talk to Congress. During his two days of testimony, the Fed chair insisted that there is no inflation. In fact, he claimed it will take years for the central bank to reach its 2% target. SchiffGold Friday Gold Wrap podcast host Mike Maharrey says Powell is lying. But if you listen closely and read between the lines, you can dig a bit of truth out from the lies. You can visit the show notes page here: https://bit.ly/3ksBk23 Tune ...
Feb 26, 2021•15 min
The Federal Reserve released the minutes from its January meeting this week. It featured some pretty thick Fed-speak. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey translates and tells you what the Fed is telling you about inflation. He also talks about why he thinks gold and silver are both struggling in an economic environment that should be bullish for precious metals. You can visit the show notes page here: https://bit.ly/2NjoLtC Tune in to the Friday Gold Wrap each wee...
Feb 19, 2021•16 min
With Joe Biden in the White House and Democrats controlling both houses of Congress, it seems pretty certain we're going to get a federal $15 an hour minimum wage. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey discusses the economic ramifications of minimum wage laws. Hint -- they are not good. He also talks about Fed Chair Jerome Powell's comments this week and why they should make you even more bullish on gold. You can visit the show notes page here: https://bit.ly/3acgq3...
Feb 12, 2021•14 min
It's been a crazy, volatile week for precious metals. The Reddit Raiders pushed silver to over $29 an ounce and the white metal took gold up with it. But the run was short-lived and we saw a big sell-off in both metals later in the week. In this episode of the Friday Gold Wrap, host Mike Maharrey tries to cut through all the smoke and mirrors and talks about the underlying fundamentals in both the gold and silver markets. You can visit the show notes page here: https://bit.ly/2O97KTc Tune in to ...
Feb 05, 2021•15 min
If you follow the markets at all, you've heard about the big surge in GameStop stock driven at least in part by retail investors informed by social media. Now the Reddit investors have turned their eyes to silver. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the GameStop phenomenon and argues that there are good reasons to be bullish on silver - not just the attention of the Reddit crowd. He also touches on this week's Fed meeting and gold demand dynamics. Visi...
Jan 29, 2021•13 min
Joe Biden took the country's wheel on Wednesday. For some, it was a day of celebration. And for some, it was a day of mourning, depending on your political perspective. But what is really in store for us in the Biden years? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey considers the economic path that lies ahead. He argues that while the driver has changed, the car is still heading in the same direction with Biden's foot on the accelerator. You can visit the show notes page...
Jan 22, 2021•15 min
The US government ran the biggest December deficit in history last month and there is no end in sight to the borrowing and spending. President Biden unveiled a new $1.9 trillion stimulus plan this week. So what? Why does it matter? Can't this "rescue the economy?" Host Mike Maharrey talks about all of the spending and the money printing necessary to support it on this week's Friday Gold Wrap podcast. You can visit the show notes page here: https://bit.ly/2LrbtKV Tune in to the Friday Gold Wrap e...
Jan 15, 2021•14 min
Everybody was happy to get 2020 behind them. We figured it can't get any crazier. Then 2021 showed up and said, "Hold my beer!" During the first full week of 2021, we had surprise election results and protests that went sideways in Washington D.C. That produced strange reactions on Wall Street. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about a wild week one of the new year and ponders what might be coming down the pike. You can visit the show notes page here: http...
Jan 08, 2021•14 min
The year 2020 is coming to a merciful end. As it was with pretty much everything, it was a nutty year for the economy and the precious metals markets. We all hope 2021 will be better, but it seems unlikely that it will be any less nutty. In this special Thursday episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a look back at 2020 and speculates on what could lie ahead in 2021. You can visit the show notes page here: https://bit.ly/38ODlA3 Tune in to the Friday Gold Wrap each wee...
Dec 31, 2020•16 min
The Federal Reserve held its last meeting of the year this week. There were no big surprises policy-wise. But Jerome Powell and company made it clear that the easy-money spigot will remain wide open pumping trillions of dollars created out of thin air into the economy. In this episode of the Friday Gold Wrap podcast, Mike Maharrey talks about the Fed meeting and the ramifications of its monetary policy. You can visit the show notes page here: https://bit.ly/2J7nrbq Tune in to the Friday Gold Wra...
Dec 18, 2020•14 min
There is a lot of talk about student loan forgiveness. The idea is wildly popular and it would relieve a huge burden crushing millions of Americans. But is there any downside to this idea? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the student loan debacle and the possible downside of loan forgiveness. This week, he also touches on the shaky labor market and why the bond market can't tell us anything about inflation. You can visit the show notes page here: ht...
Dec 11, 2020•15 min
After a dismal November, gold and silver are starting to show some signs of life. But what caused the big drop in the price of precious metals last month? Was it warranted? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at the economic and monetary fundamentals and tries to bring us back to reality. He argues that despite the optimism about a coronavirus vaccine, nothing will fundamentally change. You can visit the show notes page here: https://bit.ly/3ostVjR Tune in t...
Dec 04, 2020•14 min
The Dow Jones cracked 30,000 this week and stocks continue to surge generally upward as investors are embracing risk-on sentiment based on high hopes a vaccine may put an end to the coronavirus pandemic. But there's more to it than that. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a deeper look at what's really driving this market mania, and he also takes down the myth that printing more money means more wealth. You can visit the show notes page here: https://bit.ly...
Nov 27, 2020•16 min
The stock market continues to climb on coronavirus vaccine hopes. But why should it? After all, it didn't sell off because of the pandemic. It's at record levels despite COVID-19. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why this really isn't about a vaccine. He also talks about one of the pernicious effects of this super-loose monetary policy - the theft of our savings. You can visit the show notes page here: https://bit.ly/3pLEr7w Tune in to the Friday Gold ...
Nov 20, 2020•13 min
Gold and silver sold off big and the Dow surged Monday on the announcement the Pfizer had successful coronavirus vaccine trials. But Friday Gold Wrap host Mike Maharrey says investors should maybe tap the brakes on thinking that a coronavirus vaccine is a cure-all. In this episode, the looks a little deeper at the long-term ramifications of a vaccine. He also breaks down the newest budget deficit numbers. You can visit the show notes page here: https://bit.ly/38EwDOJ Tune in to the Friday Gold W...
Nov 13, 2020•14 min
All eyes have been on the presidential election this week. It's still not clear who will win - although it's looking more like a Biden victory. Meanwhile, the Federal Reserve held its November meeting this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey offers some analysis of both the election and the Fed meeting. And he argues that what's going on over at the Eccles Building might be more significant than who ends up in the White House. You can visit the show note pag...
Nov 06, 2020•13 min
Gold and silver have had a tough week. So have stocks. In a lot of ways, it looked like March all over again, with worries about increasing COVID-19 cases and new lockdowns. But then we got the Q3 GDP number and that injected a dose of optimism. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the dynamics in the markets and provides a little reality check on that big GDP number. You can visit the show notes page here: https://bit.ly/3emqHeh Tune in to the Friday G...
Oct 30, 2020•14 min
Gold has been trading sideways for several weeks. But there are all kinds of reasons to be bullish on the yellow metal. So why isn't the price of gold rising faster? Where are the gold bulls? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey tries to answer that question and discusses some of the reasons people should be buying gold. You can visit the show notes page here: https://bit.ly/37y1nAi Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and po...
Oct 23, 2020•14 min
It's been months since the US started to reopen after the government-imposed coronavirus shutdowns and yet hundreds of thousands of Americans continue to file for unemployment every week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a close look at the labor market and concludes that a lot of these jobs are never coming back. He also talks a little about the upcoming presidential election and makes a prediction about the outcome. You can visit the show note page here...
Oct 16, 2020•15 min
Regal Cinemas shut down all of its US theaters this week. The company said the closure is temporary, but it reveals the deeper strain in the retail sector. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs deeper into the retail mess and talks about what it is telling us about the broader economy. He also discusses the ongoing stimulus debate and the national debt news that nobody is talking about. Visit the show notes page here: https://bit.ly/3nxp1Tg Tune in to the Frida...
Oct 09, 2020•13 min
The September labor market report comes out today, but it may not tell the whole story when it comes to jobs. On this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the long-term prospects for the labor market in the wake of coronavirus lockdowns. He also discusses recent price moves in gold and silver, and talks a little about future prospects for the dollar. Visit the show notes page here: https://bit.ly/34iBjG7 Tune in to the Friday Gold Wrap each week for a recap of ...
Oct 02, 2020•17 min
Gold and silver got hammered (along with stocks) this week as the dollar strengthened with a sudden bout of risk-off sentiment. Rising numbers of coronavirus cases have ignited fears of new economic restrictions and markets have fretted about the lack of additional stimulus. Gold is at a 2-month low. So, is it time to panic? On this episode of the Friday Gold Wrap podcast, host Mike Maharry tries to answer that question and looks at all that you have to believe in order to claim the gold bull ru...
Sep 25, 2020•14 min
The Federal Reserve wrapped up another FOMC meeting this week. The central bank delivered pretty much what was expected. The easy money will continue to flow unabated. But it looks like what is expected is no longer enough. The addict wants even more of the monetary drug. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed meeting and the market reaction. You can visit the show notes page here: https://bit.ly/2FysGPH Tune in to the Friday Gold Wrap each week f...
Sep 18, 2020•14 min
There was a tremendous amount of volatility in the stock market this week with the NASDAQ entering correction territory and then rebounding. Is this just a blip on the radar? Or is the biggest bubble ever running out of steam? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about it. He also digs into what's going on in the housing market and what it's telling us about the broader economy. You can visit the show notes page here: https://bit.ly/33gSFTm Tune in to the Fri...
Sep 11, 2020•14 min
After rising early in the week on the Fed's promise of more inflation, gold and silver dipped a bit late in the week with some positive economic data bolstering hopes of a quick economic recovery. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey reiterates that what's going on isn't fundamentally about the coronavirus. He takes a deep dive into the Fed's new inflation policy and makes the case that this was all in play long before the pandemic. You can visit the show notes pag...
Sep 04, 2020•15 min
Peter Schiff has been saying that the economic problems we face weren't caused by the coronavirus pandemic -- at least not directly. We were already in deep trouble long before COVID-19 arrived on the scene. In this special episode of the Friday Gold Wrap podcast, host Mike Maharrey takes us on a journey back through time and lays out exactly how the Federal Reserve and government policies got us here and how the "cure" for the economic meltdown caused by government lockdowns is really just more...
Aug 28, 2020•15 min
