It’s not the oil, it’s the debt – Ep 543
Oil war that began today will bankrupt many US companies. 60% of stocks in Russell 2000 are lower now than when Donald “the stock market president” Trump took office. Financials continue to get clobbered and stimulus won’t help them this time. This time nobody will believe QE is temporary or interest rates will normalize. Australia looking to repeat the mistakes of others central banks. Gold broke $1700 today, but didn’t break out. All the babies were thrown out with all the bathwater, including gold mining stocks. Gold price much stronger during this crisis than in 2008. In contrast, the dollar is now falling against other currencies. Massive swings in the currency markets leaving the dollar crumbling against other major safe-haven currencies, unlike in 2008 when that crisis sent the dollar soaring. Gold has much less ground to recover now so if it reacts the way it did after the fed’s last bailout, it has a lot more upside ahead. Perfect conditions for a bitcoin rally, yet it’s collapsing as it fails to live up to hype and people realize it’s nothing more than digital risk. CNBC suddenly and conveniently seems to have forgotten the word “bitcoin.” Phenomenal opportunity now to dump bitcoin and buy gold before the bottom really drops out on bitcoin. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Our Sponsors: * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
10 Mars 202039min
Financial conditions are rapidly deteriorating – Ep 542
Week closes out with another big drop in the markets. Nasdaq and Russell 2000 hit new lows. Russell 2000 on-track to have lost value during Trump’s four years in office. Oil prices are plunging, which is bullish news for gold mining companies as their production costs decrease and gold prices increase. Fed’s balance sheet rose by a whole month's worth in one week and it looks like that trend will continue in the weeks to come. Fed’s crisis hasn’t even begun. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Our Sponsors: * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
7 Mars 202033min
Multiple bubbles pricked by same pin – Ep 541
Another huge move down in the markets today. Heavy carnage in the banks as treasury yields plunge. Fed’s days of bubble blowing are over. Next dose of stimulus will be the overdose. Coronavirus may be the pin that pricks stock market, bond market, and bitcoin bubbles. More bad news expected as the only previously strong jobs market, travel and leisure, starts to suffer from coronavirus. Layoffs will trickle through the economy quickly. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Our Sponsors: * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
6 Mars 202033min
The Fed’s gonna need a bigger rate cut – Ep 540
* More bearish technical signs in the market. Fed issues an historic 50-basis-point, inter-meeting, emergency rate cut. Investors are realizing Fed can’t cure the coronavirus or the markets with their rate cuts. * Fed’s rate cut is decisively bullish for gold and silver. As the market was tanking, gold had one of it’s best days in a while, signaling more strength ahead. * Who were Friday's gold sellers? * Better to have been early and right, than late and wrong. The Real Crash is coming. * Democrats would rather lose with Biden than risk winning with Sanders RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Our Sponsors: * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
4 Mars 202034min
Stimulus overdose to propel gold to new highs – Ep 539
Bear markets have notoriously big rallies as they fall down the slope of hope. Today’s record breaking 1200 point rally in the Dow may be an example of that. Markets betting on a 50 basis point rate cut to interest rates and more quantitative easing. Part of the market rally likely also due to diminishing chance of a Bernie Sanders presidency. But Biden will also be bad for the markets and he has a greater chance of winning Nothing goes up in straight lines. Bull markets have notoriously big declines as they climb the wall of worry, which we may have seen on Friday. Gold stock positioned for record highs. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Our Sponsors: * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
3 Mars 202033min
When a market priced for perfection doesn’t get it – Ep 538
* Dow down 404% with a record 1200 point drop. * Coronavirus damage to the market cannot be undone * Major discounts in the gold mining stocks * Coronavirus task force is more like a plunge protection team for the stock market * Fed’s bullets may no longer work against superman bubble * I have a PR problem in PR RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Our Sponsors: * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
28 Feb 202038min
Bitcoin pumpers forced to admit it’s not digital gold – Ep 537
US stock market pounded again for the 6th day in a row. Two back to back days with markets down 3%. The only time it’s ever happened three days in a row was during the great depression. Gold living up to its role as a store of value. Bitcoin fails the test as a reserve currency. Bitcoin pumpers forced to admit it is not digital gold. It’s digital risk. Democrat candidates pander against each other. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Our Sponsors: * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
27 Feb 202044min
Gold will be the only safe haven left standing – Ep 536
* All major indexes down and looking weak. * Bubble is looking for a pin and coronavirus might be it. * Dumb money is piling into treasuries. Safe-haven money is moving to gold. * CNBC still obsessed with bitcoin. Remains silent on record breaking gold prices. * Warren Buffet thinks Bitcoin is garbage and it’s going to $0. * Baby Boomers sowed the winds for socialism. * If you thought Obama was bad with executive orders, just wait for a President Sanders. * The markets will drop by 50% under President Sanders. * More people will die from the Sanders virus than coronavirus. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Our Sponsors: * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
25 Feb 202046min
