Money Metals Exchange - Welcome to this week's Market Wrap Podcast, I'm Mike Gleason.
Coming up we'll hear from John Rubino of DollarCollapse.com and Bearing Asset Management. John speaks about a scenario he sees ahead that could be quite explosive for precious metals, the likelihood of a Fed rate hike, and the implications of an explosion in debt amid a faltering economy. Don't miss my interview with John Rubino coming up in just a moment after this week's market update.
Well, so far this month, gold and silver prices have neither broken out nor broken down. They are little changed on the week, with gold coming in at $1,097 an ounce and silver at $15.04 as of this Friday morning recording. Silver is back up over $15 and up 1.5% for the week after a nice little pop earlier today.
But the real story remains the demand surge for physical bullion products. It's causing supply chain shortages to spread. More on that in a moment.
First, a brief detour into politics. Like it or not, elections do matter to your personal finances. And to the prospects for sound money and a sound economy.
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