The U.S Dollar Is a Meme Currency – Ep 698

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 5 June 2021

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Contradictory jobs reports creating market volatility.
* Russia begins dumping dollars and buying other currencies and gold.
* AMC buyers think they’re sticking it to the man as they hand their money to institutions.
* Bitcoin 2021 kicks off in Miami.
* Ron Paul does not believe in Bitcoin.
* Gold has never been easier or cheaper to authenticate.

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Transcript

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0:37.1	Well all of the US stock market averages finished the day and the week in the black.
0:44.1	It was a holiday shorten first week of June, but it was generally positive for US stocks.
0:52.1	Also slightly positive for the dollar, the dollar index managed to eke out a small gain
0:57.9	on the week.
0:58.9	US bonds also up a little bit so yields decline.
1:03.8	Not a great week for golden silver, although the losses were mitigated today.
1:09.1	Gold off a bit maybe about 10, 12 bucks on the week.
1:12.0	We're back below 1900 1891 silver back below 28 27 79.
1:19.3	I think is where we finished the week up 35 cents on the day, but we had big drops in
1:25.2	both gold and silver yesterday and a big rise in the dollar almost all of those moves
1:32.1	being reversed today, although not quite completely gold still down a bit because it
1:37.8	was down 30 bucks yesterday and only up about 20 today, the dollar index lost back almost
1:44.4	all of yesterday's gains.
1:46.7	The whipsaw was the result of the employment numbers that came out on Thursday and then
1:53.0	again on Friday.
	...

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