Navigating By Stars on a Cloudy Night: Schiff Gold Friday Gold Wrap 10.27.23

When it comes to economic data, context matters. In this episode of the Friday Gold Wrap, host Mike Maharrey explains how the Fed, many mainstream economists, and financial network talking heads get a lot wrong because of bad data, shoddy economic frameworks, and ignorance of history. Along the way, he covers the GDP and the latest price action for gold. You can visit the show notes page here: https://bit.ly/3FyCkwR Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED - Economic data needs economic context - Some common sense would be nice - How the CPI formula understates healthcare costs - Q3 GDP comes in strong - Is the consumer really "resilient? - Comparing 2007 with today - Gold knocks on the door of $2,000 - Chinese gold demand is hot