Peter currently likes gold, silver, mining companies, agriculture, energy, commodities and value stocks with low P/Es, mostly from overseas, and anything seen as an inflation hedge.
Correct, there's no place to hide when the fake economy implodes. Gold and land can be confiscated. Better not to think about apocalyptic scenarios, keep working and take care of your health.
Or a buying opportunity. I still think gold will ultimately go up a lot more , especially when another 10-15 million broke Americans retire and demand their Social Security , Medicare , Government pensions etc and the county doesn't have it , then the printing will really start.
@@bigb6046 Yeah, I've heard that horseshit a million times. Meanwhile, they already did start printing for covid stimulus and to fund wars but gold doesn't even come close to keeping up with the government rigged inflation numbers, let alone the real inflation rate, which is probably double those numbers like Peter says.
He's been advocating gold for 20+ years. Gold has gone from sub $300 to $1,800 over that timeframe. That's a 100% gain on your original investment every 3-4 years.
Compared to what, though? How does GLD or GDX compare to SPY? Sure, gold & miners will go up "someday, oneday," I agree, but it's also true that they haven't *compared to a basic index fund* for any long-term interval in the last 20+ years.
Keep taking those meds and insert funny faces. When you can ~ look at gold vs. the S&P since 2000. Then factor in topics like de-dollarization, political stupidity & polarization, a zero-sum appetite for fiscal restraints, 2 credit downgrades, a 2- trillion dollar annual deficit, 34 trillion dollar national debt, - keep going or is this enough? You NEVER look at gold over one month and open your mouth - always a long-term play and wealth insurance. Due to just a few of these realities, it also has a huge upside in another currency transition as well. Central banks: Most gold purchased in .... how about in "ever".
Oil goes down if Trump can beat the upcoming rigged election. Restrictions will be lifted and supply tension ease. Remember we were energy independent when he was President.
Peter currently likes gold, silver, mining companies, agriculture, energy, commodities and value stocks with low P/Es, mostly from overseas, and anything seen as an inflation hedge.
Thanks Peter for giving the public a heads up.
10:46 Goldilocks and the big bad wolf, never heard that one before but sounds great 😂
Inflation? Convenient stores don’t even put prices on things anymore because prices change everyday 🤣😂🔥
😢The economy is the echo of the "unsinkable HMS Titanic.
With "necessity" company stocks like food or energy as Peter mentions, what's to stop the government from just nationalizing your assets??...🤔
They could do it, but it would accelerate the economic implosion, prompt capital outflow and create even bigger problems as strengthening US enemies.
Correct, there's no place to hide when the fake economy implodes. Gold and land can be confiscated. Better not to think about apocalyptic scenarios, keep working and take care of your health.
Peter's gold fund is down like 18% on the year...... It's a sinkhole for your money
Omg, run for the hills…
@@brazilstreets7955 He was damn near promising 30x-50x returns just last year
Or a buying opportunity. I still think gold will ultimately go up a lot more , especially when another 10-15 million broke Americans retire and demand their Social Security , Medicare , Government pensions etc and the county doesn't have it , then the printing will really start.
@@bigb6046 Yeah, I've heard that horseshit a million times. Meanwhile, they already did start printing for covid stimulus and to fund wars but gold doesn't even come close to keeping up with the government rigged inflation numbers, let alone the real inflation rate, which is probably double those numbers like Peter says.
In reality inflation is out of control.......No FED cuts for at least 18 months!!!! S&P 3850........perhaps retest lows.....3492??????
Food prices are out of control........Insane!!!!!!
The economists (Peter Schiff excepted) are always the last to know when it's about to fall apart. The rest of us can see it coming from a mile away.
Is this interview sounds bites edited or did it actually take place?
Too much Government spending
I didn’t watch this but I’m guessing Peter predicts the end
….it shouldnt have pumped Coronabucks, it shouldnt have bought MBS’s, it shouldnt have bought auto loans, etc…
He told us to buy gold....😂😂😂 keeps going down 🙄
He's been advocating gold for 20+ years. Gold has gone from sub $300 to $1,800 over that timeframe. That's a 100% gain on your original investment every 3-4 years.
Have your ounces shrunk?
Compared to what, though? How does GLD or GDX compare to SPY? Sure, gold & miners will go up "someday, oneday," I agree, but it's also true that they haven't *compared to a basic index fund* for any long-term interval in the last 20+ years.
Keep taking those meds and insert funny faces. When you can ~ look at gold vs. the S&P since 2000. Then factor in topics like de-dollarization, political stupidity & polarization, a zero-sum appetite for fiscal restraints, 2 credit downgrades, a 2- trillion dollar annual deficit, 34 trillion dollar national debt, - keep going or is this enough? You NEVER look at gold over one month and open your mouth - always a long-term play and wealth insurance. Due to just a few of these realities, it also has a huge upside in another currency transition as well. Central banks: Most gold purchased in .... how about in "ever".
Poor Peter. Correct about how screwed up everything is… but dead wrong on SHTF. Slow sad burn. They’re gonna kick the can forever.
CRASH DIVE...its the american way...
Gee, what do you know? The guy that's literally never been bullish in his life says the economy is in a lot of trouble.
American Stock Broker 🤣
What would happen if Trump gets elected and opens the oil fields again?? Inflation up or down???
Oil goes down if Trump can beat the upcoming rigged election. Restrictions will be lifted and supply tension ease. Remember we were energy independent when he was President.
I would suggest voting!!!!!