Jun 3, 2019
Bitcoin: New Gold or Fool's Gold?
Peter Schiff debates Barry Silbert at 2019 SALT Conference. They discussed Bitcoin and crypto currencies versus gold.
May 21, 2019
Bitcoin Has No Intrinsic Value
Read Peter's latest commentary on crypto currencies and Bitcoin: Bitcoin [BTC] is a ‘speculative vehicle for gambling’, says broker Peter Schiff
Topics covered in the interview:
Topics covered in the interview:
- Bitcoin has anything in common with gold
- Bitcoin is a “fool’s gold”
- Bitcoin has no intrinsic value
- Bitcoin is a Ponzi scheme
U.S. Economy: Auto Loan Delinquencies Are Nearing Peak Levels
Auto loan delinquencies are nearing peak levels we saw during the great recession.
"Auto loan delinquencies have surged to the highest level since 2011 and are approaching levels seen at their peak during the Great Recession. The percentage of outstanding auto loans in serious delinquency (90 days or more past due) jumped to 4.69% in the first quarter of 2019, according to the latest data from the New York Fed. At their peak during the recession, auto loan delinquencies hit 5.27%. The total amount of delinquent auto loans totals about $60 billion. In dollar terms, the amount of delinquent auto debt is already far above levels seen during the Great Recession."
- in Schiff Gold
"Auto loan delinquencies have surged to the highest level since 2011 and are approaching levels seen at their peak during the Great Recession. The percentage of outstanding auto loans in serious delinquency (90 days or more past due) jumped to 4.69% in the first quarter of 2019, according to the latest data from the New York Fed. At their peak during the recession, auto loan delinquencies hit 5.27%. The total amount of delinquent auto loans totals about $60 billion. In dollar terms, the amount of delinquent auto debt is already far above levels seen during the Great Recession."
- in Schiff Gold
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