Canada sold most of it's gold around 2016 when gold was around $1,200 or $1,300/ounce. Doubtful what they did with that money doubled as gold has done since 2016
Also this is kicking the can. Every new currency is a new can to kick. The value of these "assets" is base in virtual reality, and is manipulated invisibly. If you did something to derail Bitcon, the government will literally end you.
I agree with Mr. Schiff. We should erect a giant statue of the great Charles Ponzi out in front of the fed, and put Madoff in charge of our entire financial system🤷♂️
YES!!! that's exactly her name (Mrs Geraldine Ann Philips) so many people have recommended highly about her and I'm just starting with her from United States'of America, Florida 🇺🇲
unless the legendary eight thousand tons of gold are not counted as being held within the treasury, then the treasury is not just an empty hole of debt. I wish Peter Schiff would talk about Judy Shelton's proposal for an issue of gold-backed 53-year bonds.
Peter, have you ever thought that the reason why precious mining stocks have performed so poorly is due to their mismanagement? Look at how these mining stocks dilute like crazy and just poorly manage the fact that their company is LITERALLY SITTING ON A GOLD MINE!
Do a show ON THIS MISMANAGEMENT topic and tout the few that are managed well. Adrian can feed you the data on the best managers even if they don't have the best mines. It would be a good program for your audience.
The problem is American businesses and American government cannot be trusted. The true value of many of these businesses has become hard to discern since those running them raise their values by gimmicks such as stock buybacks. Stock dilutions raise questions about the efficacy and honesty of management. Then there’s the increasing certainty that any profits banked by making such investments are subject to buy-ins. Not forgetting the U.S. government lurking in the shadows wanting its capital gains taxes, its cut on unearned income, or outright confiscation….
@@grantgoldberg1663 buddy, a dividend yield of 5% at most is nowhere near breaking even with inflation. If you listen to Peter you know inflation is way higher than what the most generous mining dividend stock is.
Amazing that Peter called out the Microstrategy bubble, and shortly thereafter, literally days, Microstrategy COLLAPSED over 10%!!! I don't have to say it but I will! Peter was right...AGAIN!!!
Gonna be a disaster, but if you havent caught on. A lot of investors dont care. They just want to make money off it. Much like Peter. Who just cares about money and his own liabilities 😂
QE results in the Fed having interest bearing liabilities that are liabilities of the US government, since the Fed's liabilities are guaranteed by the US government. QE is just swapping one type of a liability with another. The ever expanding debt expands the currency supply which is the inflation of the currency.
I've been listening to you, Peter, now for 20 years and buying small amounts of gold when budget would allow it. The past two weeks been watching bitcoin climb to 90k and above, and feeling very depressed and stupid wondering how I missed such an opportunity when it had fallen under 20k during the covid scare. So grateful for this podcast today, now I know why I will hold onto my small amount of gold and be glad to not be part of the down draft of our nation through greedy runup of a false promise called bitcoin. Thank you.
This guy is great at explaining but I really regret listening to him. I didn't buy bitcoin at 200-300 dollars as he said it's a ponzi scheme and it will go zero. He is confident without any knowledge. 😂😂
Peter, you incessantly talk about Bitcoin, you gotta stop. It’s tiresome. I skip over it all the time. Please give it a rest. Your best material is when you speak about the history of our nation, the founding fathers, and current events around politics. Focus more on that material.
I wasn't expecting Bitcoin to reach almost $100,000 when I first heard about Bitcoin, or even 5 years later, or even a few years ago, or even at the beginning of this year.
Gold is up around 600% in the UK these last 20 years. Bitcoin is just speculation - thousands lost out when bitcoin tumbled from around 50k to 15k. Be careful what you wish for.
Hey Pete, long time fan! Great podcast as always! By the way, your stand up is fkn hilarious, man! Truly!! I love your analysis because also you throw in a lot of humor into the mix, I’ll tell you why, because this whole situation is so fkn ridiculous and bizarre that actually needs humor: it’s beyond a fkn tragic do the only way is to loudly laugh about it..!! I love your 100% accurate assessment of the USA government policies on finances: it IS 109% Ponzy Scheme!!! I’ll tell you what, maestro! You ran fir the president in 2028 YOU GOT MY VOTE!!! This shit is going to hit the fan 100,000% as you’ve been saying for decades! And the only person who knows how to and have the real knowledge of subject matter who DO Have fkn balls and will to fix the shut up IS YOU!!! Cheers and keep it going, brother, I’m a strangest supporter of your work!!
It doesn’t even exist. It’s a string of numbers on the internet. IT’S NOT EVEN PAPER! What the hell is wrong with these peoples minds? Just flying blind on a hope and a prayer. SMFH
The BTC reserve idea is the dumbest idea I've heard in a long time. BTC is supposed to be a stand-alone currency unit - decentralized like Gold. So this bill is stupid - sell real money to buy a currency representing it and use that as reserve? I really wish government would get the hell out of our lives once and for all please! TY Peter for this podcast.
@@CKGamingChannel-w2oI’m assuming you meant “ mitts” because the government has no wits. If so, I agree. They will start will regular BTC then create their own just like they came off the gold standard.
The US will revise employment numbers from 2023 to 2024. According to recent reports, the Bureau of Labor Statistics (BLS) has announced that the US added 818,000 fewer jobs than previously estimated from March 2023 to March 2024. This revision brings the total employment growth for the 12-month period from 2.9 million to about 2.1 million, and knocks average monthly growth during that period from about 242,000 to about 174,000.
Yes we know gold prices are high…but are the miners making any money ? Likely more so, govt regulations..unions…utilities…labour…insurance…debt servicing…streaming agreements,hobbling all miners actual profits…after all these expenses.
Please do not LIE!!! about her bill, that should be beneath you. She is saying to write up the gold reserves to market value and take the difference and buy bitcoin with it.
Thank you very much for another very informative episode. Really good content! The fact that the BLS is revising a year’s worth of jobs created is truly despicable. Be interesting to see if this everything rally continues to run despite all this bad data coming through. I wonder when they will start to implement QE? Anyway appreciate your invaluable insights again!
Also Peter, the great Jim Rogers is saying that silver is basically the only asset that is cheap in this market? What are your thoughts? Will it ever reach another all time high?
I recently subscribed because I want to see more of the real deal! You get the raw uncut man here, other channels will harvest this to break it up with some Ai pictures scrolling by.
Hi Peter, could you explain more in detail how and why you disagree that tariffs would strengthen the dollar (exchange rate to another currency). Also I recall you talking about the milkshake theory. I'd like to hear that one also more in detail. Thanks for doing the podcast. You're gold
@peterschiff, why do you say the US Government can't pay holders of US debt when that debt becomes due, since the holders of that debt agree at the time of purchasing it that all they can do with it is exchange one USD-denominated instrument (a T-bill or note) for another (an increased balance at their bank, which is what happens when the Treasury retires the debt and instructs the Fed to carry out the accounting adjustments)? I don't get it.
Gold looks like it's going big this year. I really want to profit from it this year. I have about $240k I want to invest. My brain doesn't do very well in understanding these things. How do I go about it?
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 4years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.3million in gains… might not be a lot but i'm financially secure.
@@williamDonaldson432 Glad to stumble on this commentary, I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
Glad to stumble on this commentary, I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
Rebecca Lynne Buie, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Trump saying he wants to control the money supply to the currency honestly should sound the alarm of corruption. But like always Trump is given a pass yet again.
Thank you for getting it said... I stay at the Wyndham Grand when I'm in Puerto Rico you should be my guest sometime for Gulf Beach or whatever would like to meet you but remember I don't need anything from you it would just be one friend to another. Maybe I'll see you there one day
Mr Schiff, I never understood why 1 bitcoin is priced against 1 oz of gold and not a metric tonne of gold. Both being their highest denominator. Then a SAT could/would be equal to a centigram of any material. Apple to Apple measuring of quantity. Being one, one hundred millionth of a metric tonne or btc. Any thoughts?
Here is the link to my standup routine. ua-cam.com/video/ne__pTRAenc/v-deo.html
Peter, yet ANOTHER vacation? When do you actually work? CHIEF Economist and GLOBAL Strategist?
Back when Bitcoin was about $100.
I've watched that stand-up routine many times over the years. You should do an even better one again, Peter.
based on the gold situation nowadays
Canada sold most of it's gold around 2016 when gold was around $1,200 or $1,300/ounce. Doubtful what they did with that money doubled as gold has done since 2016
"There should be a statue of Charles Ponzi in Washington". I love it!
Next to the Statues of Bernie Madoff and Sam Bankman-Fried 🤣
nah a statue of dogwifhat would be best
You can’t rely on one ponzi you need a diversified portfolio of ponzis
-US government
❤😂
Also this is kicking the can. Every new currency is a new can to kick. The value of these "assets" is base in virtual reality, and is manipulated invisibly.
If you did something to derail Bitcon, the government will literally end you.
We appreciate when you podcast
Roger that!
Peter is the ONE and ONLY ONE Gold...Pure, Unadulterated, Shining and REAL store of value!!!
Sure Jan
I watch the Peter Schiff Show Podcast , every Saterday Morning , from South Africa.
@sean "...every Saterday [Saturday] Morning [morning]..." Saturday is named after Saturn. There should be no space before comma.
From Australia here mate.
Greetings from England, Yarpie. Much love to you and your family there in The South. Alles sal reg kom. Stay strong.
Hi sir!
I am your biggest student from south east Asia
Will continuously buy gold and silver to protect my family from future inflation
Thanks for sharing 😅
I agree with Mr. Schiff. We should erect a giant statue of the great Charles Ponzi out in front of the fed, and put Madoff in charge of our entire financial system🤷♂️
You know that he is dead, right?
@dialy1 well in that case we should erect statues of the great Charles Ponzi and Madoff BOTH in front of the fed🤷♂️
@@dialy1 He wasn't when I was making those jokes.
@@peterschiff I was thinking the same thing🤣
@@peterschiff Make Michael Saylor head of the Ponzi, er I mean Treasury.
"Secretary of the debt." I love it !
Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024
Sounds good,how do you do that? I'm interested,how do I go about getting started?
Do you invest with a professional broker??I'd appreciate it if you show me how to go about it.
It's Geraldine Ann Philips doing she's changed my life. A BROKER- like her is what you need.
Her top notch guidance and expertise on digital market changed the game for me.
YES!!! that's exactly her name (Mrs Geraldine Ann Philips) so many people have recommended highly about her and I'm just starting with her from United States'of America, Florida 🇺🇲
great episode Peter
It's all about waiting for the episode to be over and fast forwarding through the commercials!
There's still an app for that.
beggars can't be choosers.
The in-episode ads PLUS UA-cam ads are brutal
Another great post by Peter Schiff. Thank You Peter.
Thank you Peter. I listen every time.
unless the legendary eight thousand tons of gold are not counted as being held within the treasury, then the treasury is not just an empty hole of debt. I wish Peter Schiff would talk about Judy Shelton's proposal for an issue of gold-backed 53-year bonds.
Chances are the U.S. has not an iota of gold….
Why would anyone trust the government to make good on a gold bond when they already defaulted on them in 1971?
what gold???
Peter, have you ever thought that the reason why precious mining stocks have performed so poorly is due to their mismanagement? Look at how these mining stocks dilute like crazy and just poorly manage the fact that their company is LITERALLY SITTING ON A GOLD MINE!
That has been a problem as well, I agree. But that has improved during the bear market.
Do a show ON THIS MISMANAGEMENT topic and tout the few that are managed well. Adrian can feed you the data on the best managers even if they don't have the best mines. It would be a good program for your audience.
The problem is American businesses and American government cannot be trusted.
The true value of many of these businesses has become hard to discern since those running them raise their values by gimmicks such as stock buybacks.
Stock dilutions raise questions about the efficacy and honesty of management.
Then there’s the increasing certainty that any profits banked by making such investments are subject to buy-ins.
Not forgetting the U.S. government lurking in the shadows wanting its capital gains taxes, its cut on unearned income, or outright confiscation….
Then why is their P/E so low and their dividend yield so high?
@@grantgoldberg1663 buddy, a dividend yield of 5% at most is nowhere near breaking even with inflation. If you listen to Peter you know inflation is way higher than what the most generous mining dividend stock is.
Listening to Peter Schiff to not purchase bitcoin was one of the worst financial decisions I ever made smh how this dude still relevant
Yep!
You were right all along Peter… thanks for letting us know
Another miserable day for gold.. crashes $100… thats not a correction.. thats a crash.. lose 2 weeks of gains in a couple hours
I agree. Time will shake things out. Stay healthy to be alive to see it.
Amazing that Peter called out the Microstrategy bubble, and shortly thereafter, literally days, Microstrategy COLLAPSED over 10%!!! I don't have to say it but I will! Peter was right...AGAIN!!!
What an amazing podcast Peter knows his stuff 👌
Thanks, Peter. Always appreciate your insights.
Trumps first effort wasn’t that great, I’m no fan of Biden but I think things are likely to be a disaster.
Gonna be a disaster, but if you havent caught on. A lot of investors dont care. They just want to make money off it. Much like Peter. Who just cares about money and his own liabilities 😂
Agree, but crisis creates opportunity
@@jeffreygoss8109 preaching to the choir 🙌 🍷
QE results in the Fed having interest bearing liabilities that are liabilities of the US government, since the Fed's liabilities are guaranteed by the US government.
QE is just swapping one type of a liability with another.
The ever expanding debt expands the currency supply which is the inflation of the currency.
The Fed has interest bearing assets on its balance sheet. They are only liabilities on the government side.
The statue that is missing in Washington DC is of Charles Ponzi -- Lol.. I dropped out of my bed.
Thank you for your insight Peter. It’s always good. I am Looking forward to your next podcast.
Excellent thank you from australia
Ditto!
1. No one cares where you're from. 2. Do they not teach you punctuation in Australia?
I've been listening to you, Peter, now for 20 years and buying small amounts of gold when budget would allow it. The past two weeks been watching bitcoin climb to 90k and above, and feeling very depressed and stupid wondering how I missed such an opportunity when it had fallen under 20k during the covid scare. So grateful for this podcast today, now I know why I will hold onto my small amount of gold and be glad to not be part of the down draft of our nation through greedy runup of a false promise called bitcoin. Thank you.
Maybe, or you might sink into an even deeper depression when Bitcoin keeps reaching new heights as it gains mass adoption. Only time will tell.
Get on MicroStrategy
He will be saying this when BTC hits $500k and you will have missed a ton of profits
Keep the content coming Peter the podcast is the best been listening since I was a teenager
Excellent podcast!!!
Thanks Schiff 💪🏼
That's Mr Schiff to you
Love your podcast peter
Thoroughly enjoyed this podcast. Thank you! Ponzi Scheme 101.. absolutely hilarious!! 😂
50% of what I learned about ecomonics is from Peter. He convinced me to buy bitcoin and gold. I still listen every podcast.
Always thought provoking Peter. 🎉🎉🎉🎉
GOOD SHOW
Enjoyed the podcast
PETER IS THE BEST ADVICE, GET SMART
This guy is great at explaining but I really regret listening to him. I didn't buy bitcoin at 200-300 dollars as he said it's a ponzi scheme and it will go zero. He is confident without any knowledge. 😂😂
the Ponzi/Madoff part was hilarious
Peter, you incessantly talk about Bitcoin, you gotta stop. It’s tiresome. I skip over it all the time. Please give it a rest. Your best material is when you speak about the history of our nation, the founding fathers, and current events around politics. Focus more on that material.
Peter What is the best way to invest into gold? Actually buying 24k gold bars?
Thank you Peter 🙏
Great program.
Thanks Peter.
Agree with you on QE. Heard this from you and Bald Guy Money. Best sources.
I wasn't expecting Bitcoin to reach almost $100,000 when I first heard about Bitcoin, or even 5 years later, or even a few years ago, or even at the beginning of this year.
Why not it's going to 1 million
I wish I could go back in time a few years and buy a few bitcions. Same can't be said about buying a few onces of gold!
Gold is up around 600% in the UK these last 20 years. Bitcoin is just speculation - thousands lost out when bitcoin tumbled from around 50k to 15k. Be careful what you wish for.
Hey Pete, long time fan! Great podcast as always! By the way, your stand up is fkn hilarious, man! Truly!! I love your analysis because also you throw in a lot of humor into the mix, I’ll tell you why, because this whole situation is so fkn ridiculous and bizarre that actually needs humor: it’s beyond a fkn tragic do the only way is to loudly laugh about it..!! I love your 100% accurate assessment of the USA government policies on finances: it IS 109% Ponzy Scheme!!!
I’ll tell you what, maestro! You ran fir the president in 2028 YOU GOT MY VOTE!!! This shit is going to hit the fan 100,000% as you’ve been saying for decades! And the only person who knows how to and have the real knowledge of subject matter who DO Have fkn balls and will to fix the shut up IS YOU!!! Cheers and keep it going, brother, I’m a strangest supporter of your work!!
enjoyed it, looking forward to the next one
Pete, is it hard to say ‘when this collapses’ when bitcoin is at all time highs? I’ve never owned bitcoin by the way
“The statisticians who have been withholding the real data are about to unleash the gates of hell” Dimartino Booth
Which would be Mr. Peter Schiff!
Nicotine? Cmon Pete! Great episode regardless ❤
I thought the same. Guy sleeps in some hyperbaric chamber and is schilling edible cigarettes
Peter would advertise anything for a nickel.........he had mens underwear last year.....
That Palpatine thumbnail Peter 😂
great content thanks
thank you for adding the timestamps
Peter maybe you've done this already, but can you explain in detail the dollar milkshake theory, and what your disagreements are with it?
It doesn’t even exist. It’s a string of numbers on the internet. IT’S NOT EVEN PAPER! What the hell is wrong with these peoples minds? Just flying blind on a hope and a prayer. SMFH
And the hype is that the establishment plans to back the currency with it. Numbers on the monitor and tulip mania 2.0
Good podcast.
The crypto industrial complex 😂
I like it. 🤣
The BTC reserve idea is the dumbest idea I've heard in a long time. BTC is supposed to be a stand-alone currency unit - decentralized like Gold. So this bill is stupid - sell real money to buy a currency representing it and use that as reserve? I really wish government would get the hell out of our lives once and for all please! TY Peter for this podcast.
The government has it's wits all over BTC. It's a ledger, so it's recorded.
@@CKGamingChannel-w2oI’m assuming you meant “ mitts” because the government has no wits. If so, I agree. They will start will regular BTC then create their own just like they came off the gold standard.
I like that the Secretary of the Debt
If the Fed is independent, why is it up to the Prez to appoint the head of the Fed?
Lack of excitement translates into continuing Gold upward arc, this is our Little Secret….Shhh
The US will revise employment numbers from 2023 to 2024. According to recent reports, the Bureau of Labor Statistics (BLS) has announced that the US added 818,000 fewer jobs than previously estimated from March 2023 to March 2024. This revision brings the total employment growth for the 12-month period from 2.9 million to about 2.1 million, and knocks average monthly growth during that period from about 242,000 to about 174,000.
👍🏻Peter 👍🏻!
How much BTC do you own, Peter?
Bitcoin will be useful to make interplanetary transactions between Mars and the Earth but maybe to the moon first.
Money invested in crypto scams can't be used for financing Ukraine welfare.
Yes we know gold prices are high…but are the miners making any money ? Likely more so, govt regulations..unions…utilities…labour…insurance…debt servicing…streaming agreements,hobbling all miners actual profits…after all these expenses.
Yes they are not making money at these prices means they are a waste of time
I wonder if Peter was the inspiration for Goldmember
This will all end in tears, we just don’t know when
Oh ya, the only industry that loses money when gold has skyrocketed are the miners cause they are crooks😅
Please do not LIE!!! about her bill, that should be beneath you. She is saying to write up the gold reserves to market value and take the difference and buy bitcoin with it.
Thank you very much for another very informative episode. Really good content! The fact that the BLS is revising a year’s worth of jobs created is truly despicable. Be interesting to see if this everything rally continues to run despite all this bad data coming through. I wonder when they will start to implement QE? Anyway appreciate your invaluable insights again!
Also Peter, the great Jim Rogers is saying that silver is basically the only asset that is cheap in this market? What are your thoughts? Will it ever reach another all time high?
Great Austria economics from Peter, but terrible understanding of Bitcoin. I love gold and I love Bitcoin
I recently subscribed because I want to see more of the real deal! You get the raw uncut man here, other channels will harvest this to break it up with some Ai pictures scrolling by.
Hi Peter, could you explain more in detail how and why you disagree that tariffs would strengthen the dollar (exchange rate to another currency).
Also I recall you talking about the milkshake theory. I'd like to hear that one also more in detail.
Thanks for doing the podcast. You're gold
3:18 Not really because remember ultimately Gold is a non speculative hedge whereas BTC is a speculative economic vigilante preppers play
“Bitcoin will never hit $50 thousand” Peter Schiff, circa 2019…. “Keep dreaming. Bitcoin will never reach $100 thousand”- Peter Schiff, also in 2019
Yeah, because of "free market" bitcoiners making campaign contributions to Washington, D.C. Big Government.
@peterschiff, why do you say the US Government can't pay holders of US debt when that debt becomes due, since the holders of that debt agree at the time of purchasing it that all they can do with it is exchange one USD-denominated instrument (a T-bill or note) for another (an increased balance at their bank, which is what happens when the Treasury retires the debt and instructs the Fed to carry out the accounting adjustments)? I don't get it.
😂 because the USD is being devalued so bond holders don't receive what they originally put in
Is there a link or any article for these revisions ?
Gold looks like it's going big this year. I really want to profit from it this year. I have about $240k I want to invest. My brain doesn't do very well in understanding these things. How do I go about it?
Don't act on every forecast. It is best you speak with a market expert before making any investment decisions. My two cents.
A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 4years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1.3million in gains… might not be a lot but i'm financially secure.
@@williamDonaldson432 Glad to stumble on this commentary, I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
Glad to stumble on this commentary, I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
Rebecca Lynne Buie, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Trump saying he wants to control the money supply to the currency honestly should sound the alarm of corruption. But like always Trump is given a pass yet again.
This is your best thumbnail
Peter, where are we going to end? This is all crazy.
Thank you for getting it said... I stay at the Wyndham Grand when I'm in Puerto Rico you should be my guest sometime for Gulf Beach or whatever would like to meet you but remember I don't need anything from you it would just be one friend to another. Maybe I'll see you there one day
Why not move there and pay 0% tax?
They are creeping gold up to suppress excitement while they buy it all up without being noticed.
Spencer Schiff was right.
Gold to be revalued to 56000 $ per ounce
And then a 100000% tax
😂
Your the best!
We need a statue of Charles Ponzi on Capitol Hill ✔👍
If Peter had invested even 5% in Bitcoin 10.ywars ago he could be one of the richest men on the planet.
Ego and pride yes he would
Love that intro.
Mr Schiff, I never understood why 1 bitcoin is priced against 1 oz of gold and not a metric tonne of gold. Both being their highest denominator. Then a SAT could/would be equal to a centigram of any material. Apple to Apple measuring of quantity. Being one, one hundred millionth of a metric tonne or btc.
Any thoughts?
Why is there a Kathy Woods Commercial Investment ad on your channel?
13:28 not wrong fudged! Mistake can be forgiven; fudging cannot!
I almost doubled your viewing figures 😂
YOUR A GOODMAN MR LANDYMAN
Peter I bought more Newmont after the huge 30% dip😁 All time highs coming next year?