Quoth the Raven Podcast, Released on 8/30/24

*The interview begins at 4:15

• the significance of gold surpassing $2,500, the building of a higher base, and the expectation that gold’s price will accelerate.
• the observation that Wall Street is not yet paying attention to the gold rally, with more focus on Bitcoin
• gold mining stocks are hitting new 52-week highs, but they are still far from their 2011 peaks.
• gold’s price trajectory from 2001, starting at $270 and rising to $1,900 in a decade.
• the dollar’s recent weakness, particularly against the Swiss franc, and its implications for gold prices.
• criticism of the Fed’s decision to stop raising interest rates and the potential mistakes associated with future rate cuts.
• the inefficiency and potential damage of price controls, specifically regarding Kamala Harris’s proposed policies.
• the potential effects of taxing unrealized capital gains, including constitutional concerns and the likelihood of increased capital flight from the U.S.
• whether government can ever be efficient, with the argument that efficiency is inherently a feature of the private sector, not government.
• Japan’s economic situation and the potential implications for global markets if similar issues arise elsewhere.
• how markets reacted to the Bank of Japan’s statements on interest rates and the anticipation of U.S. rate cuts.
• concerns about rising inflation, especially in the context of potential rate cuts by the Fed and global economic instability.
• warnings about the possible economic collapse if central banks continue on their current paths without addressing the underlying issues.
• how long-term inflation could escalate, especially with the current fiscal and monetary policies.
• advocacy for investing in gold and gold mining stocks as a hedge against expected economic turmoil and inflation.

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He’s also the author of the bestselling books: Crash Proof 2.0, The Little Book of Bull Moves in Bear Markets:, and The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country.

  gold