Bitcoin pumpers forced to admit it’s not digital gold – Ep 537
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 27 February 2020
⏱️ 45 minutes
🧾️ Download transcript
Summary
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 Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me * Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai * Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Peter Schiff Show. |
| 0:09.1 | Global stocks continue to get pounded here. |
| 0:12.6 | The US stock market down again, I think it's the sixth day in a row that we've been down. |
| 0:18.1 | Yesterday was another big down day like the one that we had on Friday, which was, you |
| 0:23.2 | know, we were down a little over a thousand points. |
| 0:24.8 | I think it was 800 and change or something yesterday. |
| 0:29.0 | In fact, we had two back-to-back days where the market was down 3%. |
| 0:35.2 | That is a rare occurrence. |
| 0:38.0 | Had we been down 3% again today, which we were not, but that would have been the first time |
| 0:44.1 | that that happened since the Great Depression to show you how rare that type of move is. |
| 0:49.7 | But we still got a down day today. |
| 0:51.3 | The Dow was down about 123 points. |
| 0:54.4 | So about a half a percent. |
| 0:56.0 | At one point this morning, the Dow was up better than 450 points. |
| 1:01.5 | But then we sold off and we were down as much as 200 near the lows. |
| 1:06.4 | So we still had a negative close. |
| 1:08.4 | I think the charts technically look very weak. |
| 1:11.4 | All the indexes are down. |
| 1:13.2 | The NASDAQ composite again. |
| 1:15.4 | That was also down. |
| 1:17.0 | It's down about, or it was up slightly today, actually. |
| 1:19.7 | But it's also down just under 8% I think over the last six days. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter Schiff, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter Schiff and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.