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On Friday’s episode of the Peter Schiff Show, Peter tackles the Bureau of Labor Statistics’ most recent jobs report, which came out early Friday. The report, which purportedly supports the narrative of a strong economy, is not as positive as the media suggests. Peter takes most of this episode to explain why.
On Wednesday, Peter appeared on Claman Countdown with Liz Claman on Fox Business. There he voiced strong opposition to the Fed’s recent decision to cut interest rates by 50 basis points, pointing out that this behavior is what got the economy in trouble in the first place.
President Joe Biden committed “impeachable offenses” while in office, according to a hot-off-the-press report from the House GOP.
On Friday’s episode, Peter focuses on the Harris campaign’s recently announced and economically illiterate policy proposals, including what are effectively price controls and additional subsidies to drive housing costs up. He also discusses what proved to be a great week for gold, with the metal finishing the week above $2500.
Gold closed the week at $2,442 (up $56 since last week) and silver at $28.54 (up $0.64). Terrible jobs numbers this week struck fear in the markets and in the Fed. As recession warnings flash, precious metals are up. Could they go even higher soon?
Gold closed the week at $2,391 and silver closed up 7% at $31.20. JD and Joel explain what’s beneath this massive price upswing, drill into recent US jobs reports, and ponder the hypocrisy of power-hungry politicians.
While the cost of fireworks is down compared to last year, prices of just about everything else are way up. That means individuals are still buying fireworks to light off themselves, but the size and scope of municipal fireworks shows are being downgraded in many towns and cities across the country — and in some […]
Gold closed the week about the same at $2,326 as silver closes down $0.40 at $29.13. JD and Joel explain what’s behind the institutional demand for gold, recent upswing in money supply, and the catastrophic presidential debate.
This week flashed early warning signs of a recession as gold and silver prices rose yet again. Despite an inflationary environment, non-essential goods are getting price cuts as the Fed reassures the public that rates won’t go higher.
In light of the recent pullback and low premiums, now is a unique opportunity to buy silver with prices 40% below their historic highs of $50 per oz. JD and Joel also discuss the cause of the price pullback this week, the shocking Berkshire’s stock price fumble, and the 8-figure-fortunes of a GameStop day-trader.
As silver holds above $30 per oz, Joel and JD discuss disastrous Chicago manufacturing, Howard Marks, Trump’s conviction, and the current shortage in platinum.
