Soon Even The Village Idiot Will be Buying Gold Stocks – Ep 565
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 22 April 2020
⏱️ 45 minutes
🧾️ Download transcript
Summary
Paper gold might end up as just paper.
More money for small businesses will be fraudulently claimed by big businesses.
People are about to find out he economy isn’t a light switch and won’t just switch back on.
Gold has no ceiling and the dollar has no floor.
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Transcript
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| 0:00.0 | The Peter Ships Show. |
| 0:09.0 | There's been some volatility in the markets as is pretty much a normal now. |
| 0:14.3 | The Dow was up about 450 points today, but that didn't even erase all of yesterday's 600 |
| 0:23.8 | point decline. |
| 0:26.1 | But the big news that is completely being ignored is what's happening in gold stocks |
| 0:36.3 | and in gold. |
| 0:37.3 | I mean, today, the GDX, which I've talked about on this podcast as an index of gold miners, |
| 0:45.1 | hit a new high for the year. |
| 0:47.0 | In fact, it's at a new seven year high. |
| 0:49.8 | And if you look at how much the index has moved up since its March low of about a month |
| 0:56.0 | ago, the index has now doubled. |
| 1:00.1 | So gold stocks have doubled in price in a month. |
| 1:06.2 | Now granted, they doubled from a price that was low because they went down, but you would |
| 1:12.2 | think that given the fact that gold stocks have doubled in a month, that there would be |
| 1:18.0 | some coverage of the gold stocks. |
| 1:21.1 | I mean, take CNBC, for example, which is a network that prides itself on being a network |
| 1:27.8 | for investors, right? |
| 1:29.1 | Trying to make sure that its audience knows about investment opportunities. |
| 1:35.6 | You would think that they would be covering gold stocks like, hey, you know, well, maybe |
| 1:40.6 | we should get our viewers to buy gold stocks. |
| 1:44.1 | I mean, after all, what should be the most obvious no brainer, right? |
| 1:49.8 | If you are an investor, right, you're investing in the stock market, given what's going on |
... |
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