A Debt Spiral: SchiffGold Friday Gold Wrap 05 25 18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. The Federal Open Market Committee released the minutes from its May meeting this week. Most analysts interpreted them as more dovish than expected. Some are even beginning to speculate that the Fed may be close to ending the tightening cycle. Why? Because an economy loaded down with debt can't handle higher rates. In a nutshell, the central bank has created a debt spiral. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about it. He also explains why Iranian sanctions may be good for gold and reveals what the Tooth Fairy can tell us about inflation. 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 schiffgold.com/news/