World in Flames, Currencies in Freefall: SchiffGold Friday Gold Wrap 01.17.2025

SchiffGold Friday Gold Wrap Podcast

The world was aflame this week with political and economic fires, including California's wildfires, India's currency crisis and the freefall in the Chinese Yuan. How are precious metals faring? Gold closed this week at $2,705 (up $10) and silver at $30.45 (unchanged). Joel gives the full price commentary at 14:46. • 01:37 Biggest Economic Headlines • 03:42 Israel-Hamas Ceasefire and California Fires • 06:51 Kentucky Gold Tax Exemption Controversy • 07:28 Government Casts Economy in Rosy Light • 09:47 US Government Bans TikTok • 11:28 India's Currency Crisis and Trade Deficit • 13:15 China's Economic Challenges and Yuan Weakness • 14:46 Gold and Silver Price Action Commentary • 17:14 Upcoming Economic Events and Market Outlook QUOTE OF THE WEEK "Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States." – Barry Goldwater 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 The above references an opinion and is for information purposes only. It is not intended to be investment advice.