COVID Isn’t the Reason Markets Got Sick – Ep 717

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 21 July 2021

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Bitcoin gets skipped over in investors’ rush to safe havens.
* Gold mining stocks have never been a better deal.
* Fiscal stimulus without monetary stimulus is no longer possible.
* Bitcoin has a sucker’s rally after getting comfortable below $30k.

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Transcript

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0:00.0	The Peter Ships Show
0:09.0	Today's podcast is sponsored by True Niantgen.
0:12.8	True Niantgen fuels the body's energy engines, maintains your cellular metabolism, and even
0:19.1	supports a healthy heart.
0:21.0	You can get 10% off your first purchase as a new customer at trueniagin.com slash Peter
0:27.6	using promo code Peter.
0:29.6	These statements have not been evaluated by the Food and Drug Administration.
0:32.9	This product is not intended to diagnose, treat, cure, or prevent any disease.
0:39.0	And I'd also like to thank a brand new sponsor, Calm, for supporting my podcast.
0:45.1	Calm is the number one mental wellness app.
0:48.2	Sleep more, stress less, and live better with Calm.
0:52.4	Go to Calm.com slash goal.
0:55.0	For a limited time, you can get 40% off your Calm Premium subscription with hundreds
1:00.2	of hours of programming, unlimited access to Calm's entire library where new content
1:06.2	is added every week.
1:08.0	The markets have been on a roller coaster ride the last couple of days.
1:12.9	On Monday, the Dow was down better than 900 points at the lows.
1:17.9	By the time they rang the bell, we were only down about 700.
1:22.4	And then on Tuesday, we had a big rebound.
1:25.7	At one point, the Dow was up better than 600.
1:28.8	We did close relatively close to those highs.
1:31.7	The Dow was up about 550 points.
	...

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