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The Peter Schiff Show Podcast

Is Dogecoin the New Bitcoin? – Ep 680

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 17 April 2021

⏱️ 51 minutes

🧾️ Download transcript

Summary


* Record setting day and week for the markets.
* Dollar sells off as gold rises.
* China eases restrictions on gold imports.
* There is no silver scam at the Perth Mint.
* CNBC treating the Coinbase IPO like they did the AOL Time Warner merger.
* Bitcoin lost 97% of its value measured in Dogecoin.
* Dogecoin was created as a joke and may become the punchline for hodling Bitcoin.

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Transcript

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0:00.0

The Painter's Ship Show

0:07.0

Today's podcast is sponsored by Ladder.

0:12.0

Ladder makes it quick and easy to get covered for life insurance.

0:16.7

So check out Ladder Today to see if you're instantly approved.

0:21.0

Just go to LadderLife.com slash goal.

0:24.6

Well it was a record setting day and week for the Dow Jones.

0:29.3

We closed above 34,000 on a weekly basis for the first time ever.

0:34.9

Today was the second day that we closed above 34,000 because we closed just above it yesterday.

0:41.9

We tacked on another 164 spot six eight points today.

0:47.2

We closed the day and the week just above 24,200.

0:52.1

High for the day, new record, intraday high 34,256 spot 75.

1:00.5

S&P also finished the day on a new all time record high.

1:05.5

41 85 47 is where we closed.

1:09.3

This was a record the intraday record high again new all time high for the S&P 4,191 spot

1:18.0

31.

1:19.0

Again of course all of these records are not adjusted for inflation.

1:23.4

We are measuring stocks in US dollars and those dollars continue to lose purchasing power.

1:29.8

Obviously they're losing value on a relative basis relative to other FIA currencies but

1:35.5

all FIA currencies are losing value relative to what goods and services and assets that

1:42.2

you can buy with them.

1:44.2

Also the Russell 2000 and the Nasdaq up a little bit on the day as well but neither of

1:49.9

those two indexes made new record highs today.

...

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