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The Peter Schiff Show Podcast

Gold's Breakout Signals Monetary Policy Too Loose - Ep 950

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 7 March 2024

⏱️ 48 minutes

🧾️ Download transcript

Summary

One-of-a-kind financing program at https://netsuite.com/gold

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Transcript

Click on a timestamp to play from that location

0:00.0

The by NetSuite, the easy to use cloud-based business management software for every aspect of your business.

0:16.4

Take advantage of NetSuite's special financing offer at NetSuite.com slash gold.

0:21.6

Welcome everyone. Well, this evening is trading at yet another all-time

0:28.4

record high although it's no higher I think than the record high that it's set earlier in the day.

0:35.0

We're trading just below 2,150.

0:39.5

I don't think it actually traded that round number during the day, although I could be wrong.

0:45.0

Within maybe 10 or 15 minutes of starting this live podcast,

0:50.0

I noticed that goal was at 2, 149.

0:53.8

Now, in case you missed it, I recorded a special shift goal video yesterday,

1:00.8

yet last night, to talk about the new record high in the price of gold. And the

1:10.0

last record high was December of last year,

1:13.0

so it took a few months for Gold to make a new record high.

1:17.6

I don't think it's going to take much longer to continuously break these records because I do think that we're headed

1:24.9

higher for the price of gold. I don't really expect to see a significant

1:30.1

correction from here. I think we will get a bit of a correction but I think it's going to

1:34.6

start from a higher price. I think we're now kind of broken free from that low

1:40.6

trading range and I pointed out on the video from yesterday what is extremely

1:48.6

unique about this and I actually saw a chart I don't I I don't have it to show here.

1:54.9

But I did an interview earlier in today

1:56.7

and somebody put up this graph of the inflows

2:01.1

and outflows from GLD and compared that to the gold price and it went to the rally in 2011,

2:12.1

the rally in 2020, and the rally now.

...

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