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Tag Archives: Peter’s Podcast

Peter Schiff: The World Will Drown in an Ocean of Inflation; Gold Is Going Ballistic

The gold market took a one-two punch on Tuesday as Trump made some concessions in the trade war and inflation numbers came in a bit higher than expected. Peter Schiff talked about it in his latest podcast, saying gold traders still don’t understand the gold rally.Stock markets surged as gold and silver dropped after US trade representatives said they would delay some of the additional tariffs recently announced by President Trump. The Dow closed 372 points higher....

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Peter Schiff: We Have Global Currency Weakness; They’re All Losing Value When Priced in Gold

Several currencies have been strong against the dollar over the last couple of days, but as Peter Schiff said in his podcast, the biggest gainer wasn’t a currency at all. It was real money – gold.Gold hit six-year highs on Monday and set records in a number of currencies. It continued to move upward on Tuesday. Overnight, the yellow metal pushed briefly above $1,500. Any talk you hear in the media about the strong dollar simply by measuring it against some currencies … You don’t have a...

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Peter Schiff: Trump Trumps Fed With Tariff Card

The Federal Reserve’s modest rate cut last week disappointed President Donald Trump. He wanted more and he was quick to criticize Powell and Company. The very next day, the president trumped the Fed by slapping down the tariff card.Peter Schiff talked about the president’s move in a recent podcast. Trump took to Twitter right after the Fed announced its 25-basis point rate cut, tweeting, “What the Market wanted to hear from Jay Powell and the Federal Reserve was that this...

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Peter Schiff: First Rate Cut on the Road to Zero

The Federal Reserve cut interest rates for the first time in over a decade Wednesday. And Jerome Powell left the door open for future cuts.Peter Schiff broke it all down on his most recent podcast, saying this is the first interest rate cut on the short road to zero.During his press conference after the FOMC meeting, Fed Chairman Jerome Power tried to straddle the fence. In the process, he ended up mixing his messages.Powell called the 25 basis point cut a “mid-cycle...

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Peter Schiff: All This Talk About a Booming Economy Is Fake News

We got the first Q2 GDP estimate on Friday. Economic growth slowed to 2.1%, but the number came in slightly better than economists had projected.In his most recent podcast, Peter Schiff broke down the GDP report. As he put it, when you actually look beneath the numbers, the quarter was a disaster.This was a horrible quarter for GDP.”The most important part of GDP – gross private domestic investment – was actually down 5.5%. That represents the weakest quarter since Q4...

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Peter Schiff: We Have All the Elements of a Gold Bull Market

Gold has pushed much higher in recent weeks, breaking through the $1,40o level and holding. Silver has also rallied and has started to close the gap with the yellow metal. In a recent podcast, Peter Schiff said we are seeing signs that the investment world is starting to catch on. The psychology has shifted and investors are started to realize that the gold bull-run is for real.A lot of it has to do with the anticipation of more easy money from the Federal Reserve. Fed-speak continues to...

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Peter Schiff: This Is an Incredibly Good Opportunity to Buy Silver

The silver-gold ratio has been way out of whack for months. In recent weeks, it has been above 90-1 and approached 93-1. The modern average over the last century is around 40:1. This tells us that silver is significantly undervalued compared to gold.Peter Schiff has described this as silver on sale.Silver has never been this cheap in terms of gold … Meaning that it’s a great time to be buying silver.”Peter talked about the silver market in his most recent podcast. Could the white metal be...

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Peter Schiff: June Jobs Report No Big Deal

Markets reacted strongly to the June jobs report on Friday. Stocks fell. Bonds and gold got clobbered. The dollar got a boost.In his latest podcast, Peter Schiff said the markets overreacted to the report. In fact, he said the jobs numbers were “no big deal.”The jobs report was far better than analysts expected. According to the Labor Department, the US added 224,000 jobs last month. Economists had projected a 165,000 job increase. Average hourly earnings were up 0.2,...

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Peter Schiff: Gold Has A Lot of Catching Up to Do

Gold dropped well below $1,400 on Monday. Mainstream analysts said sell-off was because hope for a resolution in the trade war interjected some optimism into the markets, pumped up risk sentiment and put a damper on safe-haven buying. But that optimism apparently faded fast. On Tuesday, gold began to rally again and pushed back above $1,400.The fact is economic realities don’t support optimism.In his latest podcast, Peter Schiff said he sees a lot of days with big moves up for gold in the...

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Peter Schiff: The Reality on Wall Street

The Dow Jones just had its best June since 1938. Overall, stocks were up around 7% last month. It was also the best first half for stocks in 22 years.Meanwhile, gold gained about 8% on the month. As Peter pointed out in his latest podcast, while stocks had significant gains in dollar terms, they actually lost value in terms of real money.And as Peter pointed out, when you look at the recent stock market gains, you have to put them into context.The only reason that the market has done so...

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