Gold’s record close above $1,900 – Ep 595
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 25 July 2020
⏱️ 37 minutes
🧾️ Download transcript
Summary
Financial news ignoring the biggest financial story out there.
Intel and Tesla move into bear markets.
Gold up 50% over Trump’s 3.5 years in office.
A brief history of legal tender in the US.
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Transcript
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| 0:00.0 | The Peter Ships Show |
| 0:09.0 | Gold finished the week with its seventh consecutive weekly gain and it settled above 1900. |
| 0:17.0 | I think maybe for the first time ever, but it is the highest close ever at 1901 spot |
| 0:24.0 | 30. |
| 0:25.1 | That is the spot price. |
| 0:27.2 | In fact, since this is a Friday, this is the highest weekly close in the history of |
| 0:33.6 | gold. |
| 0:34.6 | Of course, it is not the highest monthly close because we still have another week left |
| 0:37.6 | to go in the month. |
| 0:40.0 | But if gold just stayed where it was for the next week, then it would be the highest monthly |
| 0:45.4 | close. |
| 0:46.4 | Although I have a feeling that we are going to go higher. |
| 0:48.4 | It is even possible that we can close the month above 2000, although that is a tall |
| 0:53.7 | order. |
| 0:54.7 | There is a 5% move from here, which is a big move in one week. |
| 0:59.6 | But there is a lot of momentum in this market. |
| 1:02.5 | So I wouldn't be surprised if that happened. |
| 1:06.4 | Certainly we don't have an overabundance of enthusiasm out there. |
| 1:11.2 | I don't see a lot of coverage of the move. |
| 1:15.2 | You look at the financial networks. |
| 1:16.8 | You look at a CNBC. |
| 1:20.0 | They are really giving minimal coverage to the price of gold. |
... |
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