Thanks for featuring Peter Schiff, who is always interesting and fun, but I disagree with him about communist China. Communist China is far from a free country. The Frasier Institute ranks China as 104th in economic freedom, which is in the middle of the third quartile, near Belarus and Russia. Freedom House ranks China nine with respect to personal and civil liberties, which is in the bottom fifth. In contrast, the Frasier Institute ranks the US fifth in economic freedom while Freedom House ranks the US 83 with respect to personal and civil liberties, which is in the top fifth. I am not arguing against a practical investment in China, but please don't let yourself off the hook: Investing in China is supporting tyranny. Sometimes economics makes strange bedfellows, and I am not passing judgment, but there is nothing libertarian about supporting Xi Jinping and a country that engages in slavery and mass murder, and moral posturing sounds foolish. Peter is investing in a country far more tyrannical and exploitive than the US, even as he relentlessly criticizes the US on libertarian grounds.
I have to agree with this comment. I was all in on the interview, and agree about the concern on inflation, but to first say the US economy is in trouble due to government interference and then turn around and say China is full of free-market entrepreneurs and is a growth engine? The comments smack as too much political positions rather than rational economic analysis.
How long can one person be so horribly wrong yet still get the microphone, the megaphone to spew nothing but garbage? He is correct in some cases, like a broken clock being correct twice a day.
@@B_M I'll ask again, what has he been wrong about? I've been listening to him for a couple of years now and I don't think I've heard him use the word "imminent". Do you believe empires collapse overnight?
Peter is going down in history as the worst financial advisor ever. All of his major predictions have been dead wrong: 1. Worthless dollar 2. Worthless crypto 3. He said it's another housing bubble way back in 2014 4. He said the Fed couldn't hike rates from 0 in 2015 but they hiked to 2.25% 5. He said the Fed couldn't hike rates from 0 again in 2022 but they hiked to 5.25% 6. New high for silver 7. 100x on gold stocks 8. $5,000 gold 9. Dow will equal an ounce of gold 10. Going back to a gold standard is inevitable 11. DXY to 80 by the end of 2023 12. Financial crisis of 2023
Peter has been wrong for the last 15 years.Let that sink in.I lost a lot of money listening to him.CNBC people, in reality, know more about the stock market than him.His only good attribute is that he is entertaining in his YT videos.
One thing I've learned over my career is to explore different perspectives and then make your own decisions. Lots more great conversations to be had! D
I’m so sick of people like this who are stuck in the 1850’s and obsessed with the concept of fiat currency and gold being the only true store of value. Gold only has value beyond its productive purposes because humans lend it value - just like a “fiat currency”. We know for a fact that gold has remained elevated because of heavy purchases by China, Russia and Russia proxies, and other countries that are committed to creating their own alternative to the USD. That is something to be concerned about, but not for the reasons he’s saying. How about some solid economics and less right wing, libertarian echo chamber Peter.
Inflation is the increase in the money supply, which isn’t going to stop so dollars will lose more value while gold retains its value. Peter is right.
2024 in a nutshell! D
Thanks Dave - Peter brings an interesting perspective to market and its direction
I love conversations that make me think, and this one definitely did so! D
Here for Peter.
Glad you're here! Tell your friends! D
Great interview!
Much appreciated! D
I was able to watch it live at the Money Show and really enjoyed it. I picked up more the second time i watched it. Thanks.
Thanks so much! Great to see you Dale and hope you had a safe trip home D
Thanks for ideas!
Any time- thanks for watching! D
Peter Schiff unleashed. Excellent interview. Was the money show in Miami? The Don Johnson Miami Vice look works for you. 😆
Orlando. You can't see my boat shoes with no socks. D
An imminent peril that has been around since 2010 !
So perilous!! D
That was fun and interesting
Appreciate that! D
Superb
Appreciate that! D
Lemme guess. Inflation inflation buy assets, buy gold, buy my gold.
Gold definitely came up in the conversation :) D
Peter is the GOAT!!!
Thanks so much for watching! D
END THE FED. Gold IS money.
I think you meant gold is "money" :) D
i lost a fortune with Schiffs advice.
Check out some of my other podcast interviews, lots of great content! D
As fun as Peter gets, diversify and careful of losing USD value, and inflation.
This one definitely made me think a bit! And for that I'm thankful D
Thanks for featuring Peter Schiff, who is always interesting and fun, but I disagree with him about communist China. Communist China is far from a free country. The Frasier Institute ranks China as 104th in economic freedom, which is in the middle of the third quartile, near Belarus and Russia. Freedom House ranks China nine with respect to personal and civil liberties, which is in the bottom fifth. In contrast, the Frasier Institute ranks the US fifth in economic freedom while Freedom House ranks the US 83 with respect to personal and civil liberties, which is in the top fifth. I am not arguing against a practical investment in China, but please don't let yourself off the hook: Investing in China is supporting tyranny. Sometimes economics makes strange bedfellows, and I am not passing judgment, but there is nothing libertarian about supporting Xi Jinping and a country that engages in slavery and mass murder, and moral posturing sounds foolish. Peter is investing in a country far more tyrannical and exploitive than the US, even as he relentlessly criticizes the US on libertarian grounds.
Appreciate the thoughtful comments. Very much enjoyed our conversation! D
I have to agree with this comment. I was all in on the interview, and agree about the concern on inflation, but to first say the US economy is in trouble due to government interference and then turn around and say China is full of free-market entrepreneurs and is a growth engine? The comments smack as too much political positions rather than rational economic analysis.
he was right in 2008 and he is right now big time
Definitely made me think! D
Peter and the hard money crowd have been saying this same speech since the 1970s. The con game just keeps going on and on.
I was one of his fans.Big mistake.ohh well😂
Amazing to think that gold has outperformed the S&P and Nasdaq in a raging bull market in 2024! D
✡️ Peter right on Economics Wrong on 🇮🇱
Thanks so much for watching! D
I lose so much money because of this peter guy, bloodbath my a s
Appreciate you watching and please check out some other interviews on the podcast! D
How long can one person be so horribly wrong yet still get the microphone, the megaphone to spew nothing but garbage? He is correct in some cases, like a broken clock being correct twice a day.
This conversation definitely made me think, and for that I am super thankful! D
@@DKellerCMT The civility you portray day in day out is exemplary and inspirational.
So what has he been wrong about?
@@chuckdawitThe “imminent” financial peril and the collapse of US dollar to name a couple. He has been singing this song since the dawn of time.
@@B_M I'll ask again, what has he been wrong about? I've been listening to him for a couple of years now and I don't think I've heard him use the word "imminent". Do you believe empires collapse overnight?
Peter is going down in history as the worst financial advisor ever. All of his major predictions have been dead wrong:
1. Worthless dollar
2. Worthless crypto
3. He said it's another housing bubble way back in 2014
4. He said the Fed couldn't hike rates from 0 in 2015 but they hiked to 2.25%
5. He said the Fed couldn't hike rates from 0 again in 2022 but they hiked to 5.25%
6. New high for silver
7. 100x on gold stocks
8. $5,000 gold
9. Dow will equal an ounce of gold
10. Going back to a gold standard is inevitable
11. DXY to 80 by the end of 2023
12. Financial crisis of 2023
$5000 gold is getting nearer by the month :) Thanks so much for watching the podcast. Check out some of the other guests, lots of great convos D
I have been losing money with mr Schiff since 2015.Do yourself a favor and skip this interview.
This one definitely made me think, and whether or not I agree with the guest, that's what I'm looking for! D
How have you followed his advice and lost money?
this guy is a goldbug ; his rhetoric is bent / tilted ; Gives people a new perspective on BTC
BTC is a s cam...
Would not disagree with his gold take! D
You can’t keep this kind of economy going if you’re not in the market you’re paycheck to paycheck something will break
Onward and ever upward! D
Free and unfettered capitalism? C'mon, you don't think corporate greed has anything to do with inflation?
All part of the mosaic of inflation I would say D
Have corporations been anymore greedy today than 5, 10, 20 years ago? No
Peter Schiff tends to be right, the logic he uses to come to his conclusions are sound, but his timing is off.
Definitely made me think! D
Peter has been wrong for the last 15 years.Let that sink in.I lost a lot of money listening to him.CNBC people, in reality, know more about the stock market than him.His only good attribute is that he is entertaining in his YT videos.
One thing I've learned over my career is to explore different perspectives and then make your own decisions. Lots more great conversations to be had! D
So how has he been wrong?
Losing credibility with Mr. Schiff, get back on track please
Would welcome any suggestions for others to interview! D
I’m so sick of people like this who are stuck in the 1850’s and obsessed with the concept of fiat currency and gold being the only true store of value. Gold only has value beyond its productive purposes because humans lend it value - just like a “fiat currency”. We know for a fact that gold has remained elevated because of heavy purchases by China, Russia and Russia proxies, and other countries that are committed to creating their own alternative to the USD. That is something to be concerned about, but not for the reasons he’s saying. How about some solid economics and less right wing, libertarian echo chamber Peter.
I love conversations that make me think, and this one definitely fit the bill! Thanks so much for watching D
Doesn't it make more sense to own the S&P rather than gold? It's had a higher appreciation
YTD 2024, gold has outperformed the S&P and Nasdaq! app.koyfin.com/share/53e248a09a D
Since the year 2000 gold has gone up 900%, in that same period S&P went up 300%. So it always depends on timing.
@@adamculjak3627 Do you know what the stats would be if you backed it up to 1980 ?
Great interview!
I appreciate that! D