Gold Is The New Gold – Ep 588
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 30 June 2020
⏱️ 60 minutes
🧾️ Download transcript
Summary
Spectacular gains in the gold stocks eclipse the gains in the Dow, Nasdaq, and S&P.
Gold breaking out and stealing the spotlight from Bitcoin.
The dollar privilege, enjoyed by all Americans, is about to go away.
When the dollar loses its reserve status, gold will take its place.
Congress and the Fed open the door for reparations.
The income tax is racist!
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Transcript
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| 0:00.0 | What's the Peter Schiff Show? |
| 0:09.0 | Today was the last trading day for the month of June, which also means it was the last |
| 0:14.2 | trading day for the second quarter of 2020. |
| 0:18.4 | You're going to hear a lot on the news about what a great quarter it was. |
| 0:22.6 | It certainly is one of the best quarters for all of the major indexes. |
| 0:28.2 | In recent times, in fact, you have to go back 22 years to find a quarter better than this |
| 0:36.7 | recent quarter for the S&P. |
| 0:38.9 | It was up about 19 percent. |
| 0:40.8 | 1998 was the last time the S&P had such a good quarter. |
| 0:45.6 | That was during the .com bubble. |
| 0:48.4 | The Dow up almost as much. |
| 0:50.4 | About 18 percent. |
| 0:51.6 | That's its best quarter since 1987. |
| 0:55.9 | The Nasdaq actually was the star on the quarter. |
| 0:58.5 | It was up 30 percent. |
| 1:01.0 | That's only the best since 2001 because it had some pretty big quarters during the blowoff |
| 1:08.7 | of the .com bubble. |
| 1:11.0 | Russell 2000 also almost as strong as the Nasdaq. |
| 1:14.3 | It was up 25 percent on the quarter. |
| 1:16.4 | You have to keep these quarterly gains in perspective because they come off of a horrible |
| 1:24.0 | first quarter. |
| 1:25.1 | In fact, the only index that is positive year to date is the Nasdaq. |
... |
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