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The Peter Schiff Show Podcast

Gold Is the Safest Haven – Ep 786

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 11 March 2022

⏱️ 54 minutes

🧾️ Download transcript

Summary


* Joe Biden’s executive order will hurt Bitcoin.
* Elizabeth Warren has a deep seated hatred for Bitcoin.
* Biden displays cringe level hypocrisy on oil companies.
* Gold miners will make far more money than investors think.
* Watch out for gold scams.



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Transcript

Click on a timestamp to play from that location

0:00.0

The Peter Ships Show.

0:09.2

Today's podcast is sponsored by ExpressVPN.

0:12.8

ExpressVPN also encrypts 100% of your internet data to keep you safe from hackers and e-stroppers.

0:19.5

Just go to expressvpn.com slash gold and you can get an extra three months free on a one

0:25.4

year subscription package.

0:27.4

This podcast is also sponsored by ladder.

0:30.6

Ladder makes it fast and easy to get affordable term life insurance without leaving your home.

0:36.1

Just go to ladderlife.com slash gold today to see if you're instantly approved.

0:41.8

A lot of people started making fun of my Tuesday podcast, which I happened in title,

0:47.4

Gold to the Moon, Bitcoin stuck on earth.

0:51.4

And of course, no sooner than I finished the recording.

0:55.2

The very next day on Wednesday, the price at gold, which had closed at $2,050 something,

1:03.4

which was the highest I've ever seen gold close, crashed as much as $75 an ounce.

1:09.8

The very next day, it didn't close down $75, but pretty close, maybe down around $60,

1:16.2

right back below $2,000.

1:19.2

In fact, even though we had a rally in the price of gold today, about $5 or so, we're still

1:25.2

below $2,000, about $19.98.

1:28.3

Although intraday, gold had a bigger rally.

1:31.2

It was above $2,010 for a portion of the day, but not only did gold sell off sharply the

1:38.5

day after that podcast.

1:39.5

Oh, and by the way, during that podcast, I did mention that gold could drop by $5,000

1:45.5

in a day.

...

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