BRICS and Bank Failures: SchiffGold Friday Gold Wrap 10.25.2024

SchiffGold Friday Gold Wrap Podcast

Gold closed this week at $2,746 (up $24 since last week) and silver at $33.69 (about the same). What could the second US bank failure of 2024 and the global BRICS Summit mean for gold and silver? OTHER TOPICS DISCUSSED -US Leading economic indicators fell by 0.5% in September -Citibank and Goldman Sachs analysts warn of slower growth -ECB Hints at continued Eurozone rate cuts -Bank of Canada lowers interest rates to 3.75% -IMF downgrades global growth forecast -OCC shuts down First National Bank of Lindsay -CME tightens margin requirements on gold and silver Key headlines for next week Quote of the Week: It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” - Henry Ford The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below. SchiffGold on Instagram: www.instagram.com/schiffgoldnews SchiffGold on Twitter: twitter.com/SchiffGold SchiffGold on Facebook: www.facebook.com/schiffgold SchiffGold's website: www.schiffgold.com