Peter Schiff on RT America Boom Bust 8/26/2019
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Schiff Report Video Blog August 20th 2011
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Actually I mispoke. The monthly premium on the major medical policy my father sold in the 1960s was only $2 per month, not $5. Adjusted for inflation, that would be about $20 per month in today's dollars.
The Peter Schiff Show (6/6/2013)
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The Peter Schiff Show Podcast - Episode 191
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The Peter Schiff Show Podcast - Episode 478
Recorded June 25, 2019
Gold: Six-Year High Overnight -
Overnight the price of gold rose to a six-year high. We almost got to $1440. I think the high I saw was maybe $1438 - 39… we were up about $19 at the high point. Then it became a very volatile session overnight into the wee hours of the morning. But I think by the time we got into the New York time zone, gold was still up about $10-$12-$13 dollars on the day and it was up about that amount when the U.S. stock market opened for trading.
Before Today, Gold Stocks Up 20% -
Gold stocks initially had a small rally, but nothing big. Then they spent most of the day on the downside. Obviously the gold traders are still very cautious. As I have been saying, this gold breakout, even though we did see pretty big moves in gold stocks, I think the GDX, not counting today's losses, (the GDX was down about 2% today) but not counting today, we were up 20% in the month of June. So, still, a very big rise. But really not nearly as big a rise as it should be, considering, I think, the significance of this gold breakout. Except, of course, if people don't believe it. If they're cautious about it, so they're reluctant to bid up the price of gold stocks.
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Weak days for the stock market Friday and Monday will likely be blamed on the coronavirus.
The real virus to be concerned about is Bernie Sanders as he infects more voters with his rapidly spreading burn.
Bernie Sanders was on Phil Donahue in 1981 when it made news that a Vermont town elected a Socialist mayor. Phil Donahue asks if he believed in competition. Bernie Sanders said no. He said he believes in cooperation, a.k.a. Socialism/Marxism/Communism.
Bernie has certainly been very consistent. He’s been saying the same things the past 30-40 years, but he’s been wrong the whole time. He never grew up, became wise, or developed intellectually. He’s Peter Pan except he can’t fly.
The stock market has barely started to react to the possibility of a Sanders president and that possibility may be becoming a probability. And if not Sanders 2020, Alexandria Ocasio-Cortez is in a good position for 2024
Frustrated father questions Elizabeth Warren about her student loan policies and she laughs in his face.
Gold is up better than 4% for the year and there are more reasons to be bullish on gold stocks.
The Peter Schiff Show Podcast - Episode 529
Recorded January 27th 2020
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