🔴 Gold and Silver Are Poised to Melt Up - Ep 985

Gold rises, Fed policies, inflation, QE, Trump, Bitcoin, BRICS, debt.

Peter Schiff delves into recent economic developments and market trends, returning from the Orlando Money Show to share his insights. He discusses the significant rise in gold and silver prices, the unexpected increase in long-term bond yields following the Fed's rate cuts, and critiques of mainstream media narratives about the economy's strength. Schiff argues that underlying economic conditions are weaker than reported, leading to higher inflation and growing budget deficits. He touches on the sell-off in U.S. treasury bonds, the BRICS Summit's implications for the dollar, and the illusion of wealth created by inflation. Schiff analyzes Donald Trump's economic policies, including the potential for a 'Trump dump' on Bitcoin and the harms of new tax schemes and tariffs. He concludes by advocating for an honest default on debt to avoid hyperinflation, highlighting the need for realistic economic solutions to manage the impending crisis effectively.

00:00 Market Update
00:48 Gold and Silver Price Surge
03:51 Impact of Fed Rate Cuts
06:30 Economic Indicators and Job Market Analysis
07:41 Inflation and Bond Market Dynamics
09:45 Gold Market Trends and Predictions
24:39 Trump's Influence on Markets
29:49 Understanding Direct and Indirect Taxes
30:26 Trump's Tariffs and the BRICS Summit
31:13 Impact of Tariffs on the Dollar
33:18 Global Shift Away from the Dollar
40:03 Paul Tudor Jones on Inflation and Debt
45:29 The Looming Debt Crisis
54:20 Conclusion and Final Thoughts

#GoldMarket #Inflation #EconomyPrediction

[peterschiff]

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[AmericanProspector]

I love Peter Shiff. It's like my dad yelling at me

[MAR-ltxo]

While listening to this podcast, I have done a comparative study of the value of my property here in Karachi-Pakistan bought in 2001 in local currency, with its present local market value, and compare that with USD and Gold. The following are the findings:

In USD Terms the value of my property in 2001 was USD 30, 000/-

In USD Terms the value of my property in 2024 is USD 160, 000/-

In Gold Terms the value of my property in 2001 was equal to 111 Ounce

In Gold Terms the value of my property in 2024 is reduced to 60-ounce

In conclusion, the USD against Gold depreciated by 5.33 times during this period.

Thank you Peter Schiff for giving me a new thinking dimension and a way to evaluate the true value of any asset in these volatile and challenging times.

[jrcrash]

I just sold my gold coins yesterday so I guarantee the price will explode now.

[stevenlowe]

The price action of gold and silver the past few months is not panic buying... it's the smart money moving in, very methodically.

[TonyBaloz]

Some gems in this podcast ! Thanks Peter

[sebastianosuch]

When I see the rising prices of gold and silver and I look at my portfolio, I don’t think that I’m getting richer. I see myself as the one that is NOT getting poorer, compared to the people that don’t have precious metals.

[vermeerrecpt]

I have been listening / following Mr. Schiff for about two years and he has been spot-on with his analysis.

[BernardJohnathan]

I’ve been watching the gold market all October, and it’s been pretty solid. Prices jumped early and stayed steady. Gold is still the go-to safe haven with all this economic turmoil.

[nicolasbenson]

People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.

[valenciae]

Peter needs to sit down with Trump to teach him a better way.

[mlangbert]

Peter, can you challenge Adam Schiff to a boxing match?

[johnkess]

I remember your interaction wirh Mark Haines. Politicians also like inflation because it pushes people into higher tax brackets. Inflation acts as a stealthy way of raising taxes.

[FrothingFanboy]

Some of us don't want to "buy more stuff".

We want to live in a free society. Having lots of gold will not compensate me for the pain involved in having to exist in this madhouse, with wars everywhere, soon to come here likely; with madness everywhere; with our lives being controlled and surveilled beyond the imagination of even 1 generation ago; with wondering where food will come from one day to the next. And so on.

[calvincooper]

Silver and gold haven’t gone up, it just takes more fiat federal reserve notes of debt to exchange value

[derekballard]

All of Peter’s podcast are gold. This was clarity for me Peter

[lr]

Peter ...you ALWAYS make sense because you "keep it simple" ! No doubt, the reason you are financially successful...you understand the simplicity of the complexity THEY seek to create!

[davidlanham]

I have literally doubled my income in the last 10 or 12 years but I'm more broke than I was before. The money just disappears now as it comes in.

[geraldhowse]

Here's my comment Peter Am I signed up for everything? Love the show. Keep telling the truth.

[shiner]

Trump is talking about shrinking government. I work for the Census Bureau and can tell you start there. So much wasted money. I see these leaders each continuing praise of each other for the minute crap. It’s sickening.