Bitcoin Roasted for Thanksgiving – Ep 631
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 27 November 2020
⏱️ 36 minutes
🧾️ Download transcript
Summary
*
Grayscale Trust leads Bitcoin into a Thanksgiving Day Massacre.
*
Sharp declines in gold on Black Friday.
*
Inflation will not save debtors who want to retire.
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Transcript
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| 0:00.0 | I'd like to thank a brand new sponsor, Literati, for supporting the Peter Shif Show podcast. |
| 0:14.4 | Literati is a subscription book club that makes it easy to find unique and interesting |
| 0:19.2 | books for your kids that are delivered right to your door. |
| 0:23.6 | For a limited time, you can go to literati.com slash Peter for a 25% discount off your |
| 0:29.6 | first two orders. |
| 0:31.3 | So pick your kids book club gift today. |
| 0:33.7 | Well, I hope everybody had a great COVID Thanksgiving yesterday. |
| 0:39.1 | We finished a holiday short and weak early today. |
| 0:43.0 | It was a half day of trading. |
| 0:44.2 | Of course, there was no trading yesterday for the Thanksgiving holiday. |
| 0:48.7 | But the markets did finish the day and the week higher. |
| 0:52.8 | In fact, today, the NASDAQ composite traded to a new all-time record high. |
| 0:59.0 | And of course, the flip side of everybody putting risk on in the stock market was that |
| 1:03.6 | they took risk off in the gold market. |
| 1:06.4 | Gold finished a week on a down note. |
| 1:08.2 | It was a down week. |
| 1:09.6 | Gold was down about another 20 bucks today. |
| 1:12.4 | On the bright side, though, gold stocks managed to finish the day positive. |
| 1:16.8 | In fact, they were positive for most of the day. |
| 1:19.5 | Even though at one point, gold was down better than $30. |
| 1:22.6 | In fact, it had one of those real sharp sell-offs early in the morning, kind of before the |
| 1:27.5 | market even opened. |
... |
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