🔴 Gold Soars as The Fed Readies Rate Cuts - Ep 979

Market Analysis, Gold Surge, and Personal Announcement
Peter Schiff discusses the stock markets' performance on Friday the 13th, noting that while major indexes ended on a positive note, the only asset to hit a new all-time high was gold. He interrupts the usual podcast to announce his wife Lauren's new music duo, 'The Laughing Cats,' and their debut album, 'Funny Money,' highlighting the first single 'G.Y.B.' now available on Spotify. Peter then resumes, detailing gold's significant rise to new record highs and contrasting it with the stock market's performance in terms of gold pricing. He also critiques the U.S. budget deficit, discusses potential economic impacts of the Federal Reserve's anticipated rate cut, and assesses the presidential debates, focusing on issues of tariffs and tax cuts. Peter emphasizes the investment potential of gold and gold stocks amidst the current economic landscape.




00:25 Stock Market and Gold Performance
00:46 Announcement: The Laughing Cats' New Album
04:48 Gold's Record Highs and Market Analysis
17:25 Bitcoin and Oil Market Insights
22:46 Inflation and Federal Reserve Rate Cuts
26:22 CPI and PPI Data Analysis
32:56 Wall Street's Call for Rate Cuts
33:27 Record-Breaking Budget Deficit
36:07 Economic Weakness and Job Statistics
37:26 Presidential Debate Analysis
43:32 Tax Cut Promises and Economic Realities
48:23 Tariffs and Their Impact
54:43 The Illusion of Tax Cuts
01:00:20 Conclusion and Investment Advice

#goldprice #investmenttips #stockmarketanalysis

[shaquaan]

If buffet selling, then is this a good time to buy stocks? I know everyone is saying stocks are at a discount and all but just how long will It take to recover or am I better off putting my money elsewhere. I need a lot as rent, inflation alone eat up almost all of what I make with dependents and other obligations included. Tbh it's an uncertain year for me.

[markharris]

We don’t need any more taxes. We need to STOP spending.

[DexterHaven]

Basically, "I support my wife and her partner."
Not many guys would say that.

[J.woltz]

If you had $250k, which investments would you go for in terms of maximizing returns and mitigating risks? I'm semi-retired and only work 7.5 hours weekly. Looking for opportunities in the market that can fetch me millions, in order to retire comfortably.

[actualfacts]

Nothing is going up, the dollar is going down.

[henrypaterson]

*Amazing video, thanks for the steady stream. I'm favoured, $105K every two week! I can now give back to the locals in my community and also support God's work and the church. God bless America.*

[Privamint]

I think the 2020's will be the decade for Gold & Silver

[actualfacts]

Have less Government, we don't need it.

[gidtlri]

I'm from middle east, I watch every episode and learn so much about economics and the situation in the world, thank you.

[doublek]

The old Peter Schiff Show intro is back!

[patrickhussey]

Music - anything different than the mainstream "allowed music" is welcome. Talking about your wife before gold is great, Peter. Good man.

[briannewman]

A 10 trillion dollar annual deficit for the US federal government is the next target for the politicians.
The lower interest rates are just encouraging the politicians to spend more currency.

[BrokenChains]

Mr. Schiff, great opening! Thumbs up high!
Best podcast on the internet.

[todd]

I would prefer the tariffs over the income tax because nobody forces you to buy anything. An income tax, you are forced to pay that.

[jmoreno]

I’m a huge fan of those old third eye blind records so this is awesome to hear!

[qnbits]

This is Peter Schiff's "I Told You" moment ! Peter is having the last laugh.

[actualfacts]

The left wing Australian Government knocked back a huge new gold mine because the minister thought that it might upset a few Aboriginals after the majority of Aboriginals approved it.

[g_dub]

Great pod Pete, I listened to your wife's song and it's really good. Better than most the mainstream dribble they try to pass as music now days. Good for her and good for you. Tell her to keep going. Aight laterz bud

[phxclosureman]

0:40 *The Revolution will NOT BE TELEVISED!!!*

[justacinnamonbun]

Gold can hit $3000 an ounce and silver can hit $50 an ounce, it's all meaningless when you price it in a currency that's just coming down from 9% official (but bogus) inflation number. I say bogus because we know real inflation is more like double the official numbers. If inflation was at zero for 4 years and silver, gold and even the stock market shoot up like that then it's obviously not the currency doing it. Gold isn't worth more today, the dollar is worth less.