Gold Soars as The Fed Readies Rate Cuts - Ep 979

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 14 September 2024

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Market Analysis, Gold Surge, and Personal Announcement

Peter Schiff discusses the stock markets' performance on Friday the 13th, noting that while major indexes ended on a positive note, the only asset to hit a new all-time high was gold. He interrupts the usual podcast to announce his wife Lauren's new music duo, 'The Laughing Cats,' and their debut album, 'Funny Money,' highlighting the first single 'G.Y.B.' now available on Spotify. Peter then resumes, detailing gold's significant rise to new record highs and contrasting it with the stock market's performance in terms of gold pricing. He also critiques the U.S. budget deficit, discusses potential economic impacts of the Federal Reserve's anticipated rate cut, and assesses the presidential debates, focusing on issues of tariffs and tax cuts. Peter emphasizes the investment potential of gold and gold stocks amidst the current economic landscape.

🎶 New single from Laughing Cats out today: https://open.spotify.com/artist/2f3z6IPGfomCl9FsJeyb8d?si=9morm92NRdikGW3hbt0iPA

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00:25 Stock Market and Gold Performance

00:46 Announcement: The Laughing Cats' New Album

04:48 Gold's Record Highs and Market Analysis

17:25 Bitcoin and Oil Market Insights

22:46 Inflation and Federal Reserve Rate Cuts

26:22 CPI and PPI Data Analysis

32:56 Wall Street's Call for Rate Cuts

33:27 Record-Breaking Budget Deficit

36:07 Economic Weakness and Job Statistics

37:26 Presidential Debate Analysis

43:32 Tax Cut Promises and Economic Realities

48:23 Tariffs and Their Impact

54:43 The Illusion of Tax Cuts

01:00:20 Conclusion and Investment Advice

#goldprice #investmenttips #stockmarketanalysis

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Transcript

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0:00.0	The Peter Shipp Show.
0:09.0	Today's podcast is sponsored by Shopify.
0:11.0	Shopify is a sign up for a one dollar per month trial at shopify dot com slash gold all lower case
0:25.8	well Friday to 13th was not an unlucky day for the stock markets because all of the major index is finished out a positive week on a positive note.
0:37.6	Although the only asset that actually made a new all-time high this week was gold.
0:46.2	And before I continue with the normal podcast,
0:49.8	I want to just interrupt it
0:52.0	to make a little announcement regarding my wife Lauren who has been working very
0:57.2	hard over the past year or so with her partner Tony Fredinelli.
1:02.7	Some of you may have heard of Tony.
1:04.2	He used to be the guitar player for Third Eye Blind.
1:08.8	And he was a fan of the podcast.
1:10.5	So a couple years ago, two, three years ago, He did reach out introduced himself said he was a fan of the podcast and at some point he got introduced to my wife and you know he was a musician, my wife was a stage actress when we got married and apart from just doing a lot of karaoke
1:34.0	parties at our house although she did sing in a local band here she also had a
1:40.3	knack for songwriting and so the two gotwriting and they formed a duo and they called themselves
1:46.5	the Laughing Cats and their first album that they created from scratch so my wife wrote all of the lyrics to the songs herself and Tony wrote the music and then he plays guitar they had some other instruments there my wife sinks and and so the first
2:06.2	album is funny money and the first single off that album was released today called
2:12.0	a G. GIB and you can listen to that song that's the only one that's
2:18.7	been released so far you can listen to it on Spotify.
2:23.0	We have the link on the on the description to this website.
2:27.0	I've been posting it on X, so little clips,
2:30.0	you know, people have, you know, commented about the video.
	...

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