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Peter’s Podcast

POSTED ON February 25, 2020  - POSTED IN Peter's Podcast

Stock markets tanked on Monday. The Dow Jones was down over 1031 points. It was the biggest drop in two years for the Dow. The Nasdaq shed 355 points. The S&P500 was down 111.

As stocks dropped, the bond market was red-hot. Prices soared and yields dipped to record lows. Bonds are considered a safe-haven, but in his latest podcast, Peter said US Treasuries aren’t a safe-space. When it’s all said and done, the only safe-haven left standing will be gold.

POSTED ON February 24, 2020  - POSTED IN Peter's Podcast

Investors poured into safe-havens last week as the coronavirus continued to create worry about the global economy. Bond yields hit all-time lows with the yield on the 30-year US Treasury dropping below 2%.  Meanwhile, stocks tumbled Friday, with every major index showing losses. The Dow was down 227 points.

Peter Schiff talked about what’s going on in the markets in his podcast on Friday. He said despite what the mainstream is telling us, the bond market is a great big bubble.

POSTED ON February 19, 2020  - POSTED IN Peter's Podcast

In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets.

Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system.

POSTED ON February 3, 2020  - POSTED IN Peter's Podcast

The Dow Jones fell 603 points on Friday and was down about 1% through the first month of 2020. As Peter Schiff pointed out on his latest podcast, if the old saying “so goes January, so goes the year” turns out to be the case, 2020 could longest bull market in history could be at its end.

The S&P 500 also had a big 1.8% drop on Friday and is slightly in the red in 2020. The Nasdaq fell Friday, but remains the only index that is positive on the year. The Russell 2000 is down about 3.3% on the year.

POSTED ON January 23, 2020  - POSTED IN Peter's Podcast

Donald Trump was in Davos talking up the US economy in his typically hyperbolic terms. He called it “the greatest economy we’ve ever had in the history of our country.” To hear the president tell it, you would think that America is experiencing some kind of economic boom that has never been experienced by anybody in all of history. In his most recent podcast, Peter Schiff called this “nonsense.”

POSTED ON January 16, 2020  - POSTED IN Peter's Podcast

Donald Trump and Chinese Vice Premier Liu signed the Phase 1 trade deal on Wednesday. The mainstream was generally bullish on the news, but there was some underlying concern because the deal did not bring substantive tariff relief. Peter Schiff broke down the deal in his latest podcast, saying that despite all the hype, the deal was really much ado about nothing.

POSTED ON January 13, 2020  - POSTED IN Peter's Podcast

In his latest podcast, Peter talks about sudden silencing of the war drums, the risk that remains in the markets, the stealth bull market in gold, the risk of a socialist president, rampant economic illiteracy, inflation and more.

As Peter put it – what a difference 48 hours makes.

POSTED ON December 9, 2019  - POSTED IN Peter's Podcast

Friday’s employment report from the Labor Department far exceeded expectations. Mainstream analysts called the report “stellar.” Some pundits even called it the best jobs report in history. According to the Labor Department, the US economy added 266,000 jobs in November. Economists had projected an increase of around 187,000. The unemployment figure dropped to 3.5%.

Peter Schiff talked about it in his latest podcast. He called it a “Trumped-up” jobs report.

POSTED ON December 4, 2019  - POSTED IN Peter's Podcast

The Dow Jones was down over 280 points yesterday, marking the third straight day of declines. Sudden pessimism about a trade deal has tanked stocks. In his latest podcast, Peter Schiff talked about it.

Typically, December is a strong month for stocks with the so-called “Santa Claus rally.” Peter said maybe the Grinch is going to steal that rally this year.

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