Is Dogecoin the New Bitcoin? – Ep 680

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 17 April 2021

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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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