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The Peter Schiff Show Podcast

Paying More, but Buying Less – Ep 732

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 18 September 2021

⏱️ 55 minutes

🧾️ Download transcript

Summary




* China won’t let Evergrande be the next Lehman Brothers.
* Fed took us 1 step forward and 100 steps back.
* Higher retail sales doesn’t mean consumers are buying more.
* Americans are least likely to buy a new car since 1974.
* Sweden sets successful example for dealing with Covid.
* America is worse off for invading Iraq.





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Transcript

Click on a timestamp to play from that location

0:00.0

The Peter Ships Show

0:09.0

Today's podcast is sponsored by Bambee.

0:11.6

You know, HR managers ain't cheap.

0:14.0

Their salaries can average $70,000 a year.

0:17.8

So go to Bambee.com slash gold to schedule your free HR audit.

0:23.4

Today's podcast is also sponsored by Column.

0:26.6

The number one wellness app for supporting my podcast.

0:30.2

Improve your focus with calms curated music tracks and drift off to Dreamland with calms

0:36.4

imaginative sleep stories.

0:38.5

Just go to calm.com slash gold.

0:41.2

And for a limited time, you can get 40% off your calm premium subscription with hundreds

0:46.7

of hours of programming unlimited access to calms entire library and new content that's

0:52.2

added every week.

0:53.8

I want to start off today's podcast by talking about Thursday's big drop in the price of

0:59.6

gold.

1:00.6

Now, first of all, the big drop was about $40, which is roughly a 2% move into price

1:06.7

of gold.

1:07.7

So in the grand scheme of things, when it comes to most assets, 2% drop is not really

1:13.3

considered that large.

1:14.3

I mean, nobody really bats an eye if an individual stock goes down by 2% on any given day because

1:20.6

those types of moves up and down happen with pretty consistent regularity.

1:25.8

I mean, not every day, I mean, a 2% move is not the normal move for a stock, but it happens

...

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