Peter Schiff on Real Vision discussing the markets in general and gold in particular.
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)
Oct 30, 2017
The Downside Risks Of Gold & Bitcoin
Bitcoin is approximately $6,000 a coin right now, It could be $600 a month from now. We don't know that, I mean it could be higher, it could be $10,000!
Gold it's not likely to crash and if it goes down, you know gold has a real cost of mine and there's a lot of demand for it so there's a limit really. I mean if the price goes down there's not going to be any more of it made. (SPDR Gold Trust ETF (GLD))
Oct 27, 2017
Tax Cuts: Bullish For Gold, Bearish For The Dollar
If we get these tax cuts the US Dollar is going down, not up and gold is gonna go way up not down! (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), iShares Silver ETF (SLV))
The Problem With Bitcoin
The only person who would be willing to buy my Bitcoin is somebody who believes he can also sell it to somebody else at a higher price.
So you always need the idea that there's always gonna be somebody else willing to buy my asset at a higher price than I paid because there's no other use for it. You can't do any thing with it, it's not going to generate any income if it just sits there, you can't use it in industry, there's no actual function that it serves other than my ability to sell it to somebody else.
So you always need the idea that there's always gonna be somebody else willing to buy my asset at a higher price than I paid because there's no other use for it. You can't do any thing with it, it's not going to generate any income if it just sits there, you can't use it in industry, there's no actual function that it serves other than my ability to sell it to somebody else.
Oct 24, 2017
Bitcoin Moved Through Another Milestone
Bitcoin has moved through another milestone over the weekend we were trading above 6,000 I think we got close to 6,200 not sure if we got above it as there are so many different exchanges that's hard for me to keep track. I know as I'm recording now we're at about 5,000 we did get back down to almost 5600 during the day so again the volatility continues but the direction is clearly up. I would put the support now around 5,000 that used to be resistance so at this point 5,000 or so or maybe just below is the support in the market right now.
There was some selling intraday and then you had billionaire Saudi Prince Alwaleed talking on CNBC and they were asking the guy a lot of questions about a lot of things and obviously you know he's pretty influential because he oversees an enormous amount of money, you've got all the kingdoms oil revenues coming in and so he's got a lot of money to invest and he has a huge portfolio, he is a big shareholder,
he owns a lot of US stocks as well and he was asked about Bitcoin and cryptocurrencies.
The Saudi Prince was very negative about Bitcoin. He said it was an Enron in the making that he does not understand it, he thinks it's gonna crash and I think what's interesting though about the Saudi Prince`s criticism is what he points out as being the problems are exactly the benefits that the people who are buying see in the currency. I mean if at this point there's lots of people who are just buying it because it's going up so they don't really have any other allegiance to other than the fact that it's going up.
Oct 23, 2017
Video: New Fed Chair, Stock Market and Gold
Peter Schiff discusses the gold outlook with RT.com
Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)
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