Buffett Boosts Gold Back Above $2,000 – Ep 603
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 19 August 2020
⏱️ 54 minutes
🧾️ Download transcript
Summary
Tesla cruises on stock splits driving into the mother of all short squeezes.
Traders will sue Robinhood for their losses.
Dollar index gets smoked.
Warren Buffett knows the inflation tax is coming and he’s trying to avoid it.
Never mind the answers, the news doesn’t even have any questions.
Bitcoin not making any new highs.
Democrat National Convention was an embarrassment to Americans.
$2000 gold may look cheap soon.
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Transcript
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| 0:00.0 | Today's episode of the Peter Shif Show podcast is sponsored by Ray Con. |
| 0:14.2 | I want to thank Ray Con, the makers of wireless earbuds for their support of the Peter Shif |
| 0:20.1 | Show podcast. |
| 0:21.4 | Ray Con earbuds started about half the price of other premium wireless earbuds, but you |
| 0:28.0 | can get them for an additional 15% off if you order at buyraycon.com slash gold. |
| 0:37.8 | Well, it took a while or actually not that long, but the S&P 500 finally recouped all of |
| 0:45.6 | its COVID crash losses. |
| 0:48.0 | We actually closed today at a new all time record high S&P 500 at 3389 spot 78. |
| 0:57.8 | We got as high as 339506. |
| 1:01.1 | That's also I believe an intraday high. |
| 1:04.2 | The NASDAQ continued to hit another record up again, another 81 or so today. |
| 1:11.3 | We closed at 11,210. |
| 1:14.4 | The Dow Jones though did not finish positive. |
| 1:17.9 | It was down 66.84 on the day. |
| 1:22.5 | It's the speculative stocks in the NASDAQ that are leading the charge. |
| 1:27.2 | Look at Tesla up again today. |
| 1:30.0 | Tesla has been on a tear ever since it announced a stock split. |
| 1:35.0 | There is nothing fundamentally bullish about a stock split. |
| 1:39.9 | In fact today with commissions being zero, it really doesn't matter how many shares |
| 1:46.0 | of stock you're trading. |
| 1:47.6 | Day back when you had higher commissions and odd lots cost more than a round lot and |
| 1:54.4 | when a stock got more expensive, they would split it. |
... |
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