Schiff Gold Becomes Schiff Silver – Ep 652
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 2 February 2021
⏱️ 47 minutes
🧾️ Download transcript
Summary
*
Big moves in silver outshine modest gains in gold.
*
Robinhood users are the product, not the customers.
*
Government regulators emboldened to act.
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Watch out for the numismatic bait and switch from precious metals dealers.
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Elon Musk and Ray Dalio don’t sound like Bitcoin buyers.
*
Elon Musk is wise not to throw pins while living in a bubble.
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Transcript
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| 0:00.0 | The Petership Show. |
| 0:09.0 | Today's episode of the Petership Show podcast is sponsored by NetSuite. |
| 0:13.5 | The business management software that handles every aspect of your business and is easy |
| 0:19.0 | to use cloud platform. |
| 0:21.2 | You can schedule a free product tour right now at netsuite.com slash gold. |
| 0:28.5 | But the big story of the day and actually of the entire weekend wasn't gold, but silver. |
| 0:36.1 | The other precious metal, heavy demand, retail demand, not just today again, all weekend |
| 0:43.6 | long sparked by the Reddit begaillied, the Raiders Wall Street bets as I discussed on Friday's |
| 0:52.8 | podcast about the Reddit riders now riding silver instead of simply piling into a heavily |
| 1:00.6 | shorted stocks. |
| 1:02.5 | We had a lot of buying in silver, physical silver over the weekend. |
| 1:07.8 | You know, there are a lot of stories about some of the bigger dealers that were running |
| 1:12.2 | out of silver. |
| 1:13.6 | They had posts on their websites that they're out of inventory. |
| 1:18.2 | And so this led a lot of people. |
| 1:20.3 | I guess in the chat rooms to think, you know, they're already running out of silver. |
| 1:24.7 | Remember, these online retailers, they just aren't going to sell silver if they can't |
| 1:30.9 | call their host seller and buy it because they have to buy it from somebody else. |
| 1:35.4 | They're not just sitting on a bunch of inventory. |
| 1:38.3 | They just act as a dealer. |
| 1:40.0 | And so they go and they buy wholesale and then they turn around and sell retail. |
| 1:45.2 | Well, if the host sellers are closed because it's a weekend and they're getting all these |
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