🔴Ep. 495: Hi Ho Silver, Away

  • Published on Aug 28, 2019
  • The Peter Schiff Show Podcast - Episode 495
    Recorded August 27, 2019
    Real Significant Action in the Market: Gold and Silver -
    The real significant action today was in the gold & silver market. I wanted to mention today that on Friday, the U.S . dollar sold and then today we're back at 98. So the dollar is not weakening against other foreign currencies. In fact, most people are still talking about the strong dollar. Even Donald Trump talks about the fact that we have a strong dollar. Now, Trump is bothered by the fact that we have a strong dollar, and he wishes it wasn't as strong, but he keeps talking about the strong dollar and everybody acknowledges that the dollar is strong.
    Silver is a Great Buy -
    The problem is: the dollar is not strong. The price of gold going up shows you that the dollar is not strong. Gold was up $16 an ounce: we closed at $1542.50. This is the highest close in over 6 years for the price of gold; but the real star today was silver. Silver was up 53 cents - $18.17. It's been a while now since silver was above $18. If you have been listening to my podcasts, you know that I have been pounding the table on silver. I've been telling people that silver is the key; it is really cheap relative to gold. In fact, it was better than 90:1. You needed more than 90 ounces of silver to buy a single ounce of gold. That was an all-time record low for the price of silver. Now we're at 85. The ratio has moved back in silver's favor, but you still need 85 ounces of silver to buy one ounce of gold. That is historically extremely cheap. In fact, the only time it was cheaper was when it was 90. So it's still a great buy.
    Cash in some Gold to buy Silver -
    I have been telling people, even at SchiffGold - we have actually been calling clients who we know own gold and have them sell us back their gold and buy silver, because you can get so much silver for your gold right now that it is a real bargain. Silver has never been this cheap, and so if you have gold and don't have any silver, it makes sense to buy some silver with your gold. Even after today's move, I would still say that that trade makes sense.
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Comments • 1 176

  • Calvin Deng
    Calvin Deng 10 days ago

    There seems to be a false assumption that the dollar is a scarce resource. They PRINT that paper and then give it a kiss so that it’s worth a dollar. There is no scarcity when it’s printed by the billions. There is a facade of scarcity because bankers wave it over your head like a carrot. The real value is in the karat.

  • Joe K
    Joe K 24 days ago

    House sold for 1.1 million :) They lost about 1.5 million

  • I dance and dance
    I dance and dance Month ago

    Peter had too much silver. Got it away in time. The guy knows how to make profit!!

  • Chinie Chin Chen 陳小城

    Neighborhood: 06883
    This is a seller's market
    There are more interested buyers than homes for sale.
    Neighborhood home value
    06883 home values have fallen 4.1 % over the past 12 months.
    One-year prediction
    Zillow predicts the home values in 06883 will fall 3.9% in the next year.
    Median home comparison
    This home is valued 83% higher than the median home in 06883
    Median Zestimate®

  • mark mullady
    mark mullady Month ago

    Schiff the kiss of death!!!

  • Chinie Chin Chen 陳小城

    i keep coming back for the story of the two houses

  • Chinie Chin Chen 陳小城

    peter pays 60k a year on property tax but wouldnt buy bitcoin

  • Grant Goldberg
    Grant Goldberg Month ago

    Most of Trump's presidency has been based on a lie. I voted for him in 2016. I won't be voting for him in 2020.

  • Joseph Godinez
    Joseph Godinez Month ago +1

    I really believe that President Trump has done more for us and our country than people realize. President Trump has brought the satanic deepstate and there corruption to light, and what there doing to our children. Plus he's fulfilling Bible prophecy, like Israel and the third temple. And our silver and gold is going through the roof....

  • nicustroh
    nicustroh Month ago

    What proportion of silver vs gold do you recommend at this stage, as an investment? I saw that 1:1 silver:gold is traditionally considered risky, but currently looks appropriate, until silver approaches a higher price like 40$ ? What do you recommend? Do you also see good reason for people to have 1.5:1 silver:gold at this time? Thank you!

  • Chinie Chin Chen 陳小城

    can u put up links to those zillow homes

  • Brad Nesseth
    Brad Nesseth Month ago

    Peter, do you know about JP Morgan price manipulation of silver? Interested in your thoughts.

  • John wolf
    John wolf Month ago

    Good show

  • Stephen Doty
    Stephen Doty Month ago

    The Fox News jobs coverage needs to look out for Tropical Storm Spencer, your son.

  • Plup
    Plup Month ago

    The stock market and precious metals manipulations are now relying on pure BS. Truth always prevails and by the amount of BS used lately signs are that we are getting closer and closer to the end of this big farce.

  • Plup
    Plup Month ago

    Peter is always right!!!

  • Tony A
    Tony A Month ago

    People will begin piling into Bitcoin along with Swiss Francs as soon as gold and silver shoot up too high in price or are no longer obtainable to the public!

  • Tony A
    Tony A Month ago

    Gotta admit, Peter, you out did yourself on this one! Trump dreamed he had the meeting with Xi... this is a sad show of how artificial the "Gaming" stock market is!

  • Sean Dunaway
    Sean Dunaway Month ago

    Peter, I love your stuff, thank you for sharing! Would you please elaborate on why would governments standardize on gold? Why not some other limited resource? What properties of gold give it intrinsic value? Is it possible that something else or something new becomes the standard?

  • Julia Brown
    Julia Brown Month ago

    The Fed will tank the markets to prevent a Trump win in 2020.
    I suspect that’s when Trump will take out the Fed.

  • SK Martin
    SK Martin Month ago


  • Etheric Bladeworks
    Etheric Bladeworks Month ago

    1oz of gold and silver in Venezuela is absolutely ridiculous

  • Beme Eddbee
    Beme Eddbee Month ago

    A wise man once told me that its better to be 15 years too early than 1 day too late. Let the haters buy fake wealth and liabilities.... Easiet way to see hyperinflation from too much currency creation is look at venezuela....

  • Logos Publish
    Logos Publish Month ago

    You forgot to add that you can just buy mining stocks along with put options if you're unsure about the short term movements. If the stocks go down you can just use those options to cut your loses or sell them for profit then buy more stocks lower and more put options at the new price. Wish you'd just ignore bitcoin. The market cap for btc is nothing compared to stocks, gold or pretty much any asset that doesn't move randomly.

  • Václav Piskáček
    Václav Piskáček Month ago

    "It doesnt make me bad, it does make me early."

  • Joe Antonelli
    Joe Antonelli Month ago

    agree with Peter on bullish gold, bearish real estate/stocks, but I'm ambivalent toward silver and am bearish 'crypto', but bullish Bitcoin

  • Joe Antonelli
    Joe Antonelli Month ago

    oh man, that story about the house in CT toward the end was BRUTAL

  • Maxwell Moore
    Maxwell Moore Month ago

    Just curious what Peter and this community think of Andrew Yang?

  • Charles Brady
    Charles Brady Month ago

    I watch that Art Laffer debate with Peter and it just makes me so mad! And the worst part is that he never acknowledged Peter was right and never paid his penny! What a weasel!!! And Peter WAS right, and he is right this time as well. Peter you deserve much, much, much more recognition than you have received. Just know that there are many of us out here applauding you and we know the truth about who is right.

  • Javan McDaniel
    Javan McDaniel Month ago

    If trump wins, stocks higher, dollar death, gold triumph. If he doesnt win, stocks cave, dollar dies quicker, gold...

  • kevin wilson
    kevin wilson Month ago

    What stocks would you recommend for gold and silver companies?

  • kevin wilson
    kevin wilson Month ago

    I'm new at this, would you buy these sticks through the bank or a private investment company?

  • Press Play
    Press Play Month ago

    the trouble with silver is it has been de-monitized over the years. its value is in industry, but manufacturing and growth are in the toilet.
    gold will always be money. it will continue to correspond directly to the monetary crisis.

  • Chris M
    Chris M Month ago

    I searched and searched for a rental property the cheapest one we found was $1400 rent well over our budget. So we ended up buying with a mortgage payment just over $1000. South East is the opposite, I suppose it could be an exception to the rule.

  • Brett Foster
    Brett Foster Month ago

    Peter, Hurricane Donald is not on the name list until 2023.

  • Albert S
    Albert S Month ago

    Peter, don't exaggerate, silver can't go up ten fold. If it does go up ten fold I'll buy your old house.

  • Vishal Rao
    Vishal Rao Month ago

    What do you brilliant people here (including Peter Schiff) think of
    1. First Majestic Silver Corp. (NYSE: AG)
    2. MAG Silver Corp (TSE: MAG)
    3. Endeavour Silver Corp (NYSE: EXK)
    4. SilverCrest Metals Inc (NYSEAMERICAN: SILV)
    5. SSR Mining Inc (NASDAQ: SSRM)
    6. Alexco Resource Corp. (NYSEAMERICAN: AXU)
    7. IMPACT Silver Corp (OTCMKTS: ISVLF)
    8. Northern Dynasty Minerals Ltd (NYSEAMERICAN: NAK)
    9. Great Panther Mining Ltd (NYSEAMERICAN: GPL)
    10. Fortuna Silver Mines Inc (NYSE: FSM)
    11. Wheaton Precious Metals Corp (NYSE: WPM)
    12. Hecla Mining Company (NYSE: HL)
    13. Pan American Silver Corp. (NASDAQ: PAAS)

  • HealthyistheNewSexy

    Wow! Not that US president’s haven’t lied to us before but puzzled that you’re so sure Trump took such a big risk to lie about something that China can easily debunk. I think the real truth is that a conversation did take place and China strategically tried to leave egg on Trump’s face to gain leverage. Doesn’t matter really. Just surprised that you think China is so innocent 🤔

  • John Busciglio
    John Busciglio Month ago

    stick to guessing the collapse of the dollar Peter lol.

  • M S
    M S Month ago

    Peter - The property tax history is available on Zillow for the second property you discussed. Property taxes were as high as $94K/year!!!

  • ConBroCal
    ConBroCal Month ago +2

    Peter I like some of your stuff but these podcasts are feeling more and more like infomercials

  • Ama Zeus
    Ama Zeus Month ago

    Bitcoin can loose because many other crypto currencies can trigger competition on crypto markets. I think it can happen soon.
    But I also think cryptos and gold will be ultimate winners in coming market moves. ...even from strict financial markets investor perspective, it should be taken seriously. Signs are obvious , where markets are heading.
    I have watched markets opening and adding to gold rise is also escalation of tensions in Middle East...not only Hormus straight is on my mind. More aggressive acts occurred. Wherever is war escalation gold goes up...but it isn’t the only one reason of gold moving up. There are many and these all at ones push gold, silver and cryptos up.

  • trumpsahead
    trumpsahead Month ago +1

    I love Peter Schiff, think he's the best economist in mainstream. But he's soliciting here, I thought that was against the law. I do hope it is not and am mistaken. He's so right about real estate agents always so sure you cannot lose money buying a house as opposed to renting. First, as I discovered some years back, in America you never really own a house anyway, even if you paid in full. It's all an illusion - miss paying one tax or another and you will lose your paid-in-full house. Second, if you would like to buy a home speak to a Austrian economist and not a real estate agent or realtor. ciao.

  • Modern Renaissance Man


  • BullsEye3333
    BullsEye3333 Month ago +1

    At 33:38 Peter says "So everybody's going to have to move back to a gold standard. This is the only thing that makes sense. This is inevitable."
    This is absolutely horrendous financial advice Peter.
    I can 100% guarantee we will not go back on a gold standard because they always fail and we have crypto now which solves the problems of the gold standard.

  • Idaho Potatoes
    Idaho Potatoes Month ago

    I tried opening up a gold money account a while back but I just went with holding my own physical gold instead. I sent all the paperwork needed but I guess one of the bills was last months, so I was just too lazy to go get another one. There were just so many steps needed but thats prob from gov regulation.

  • 4eyeFoxbody Fan Club

    Silver makes a huge move to over $18 and for the first time Peter spends an entire podcast convincing you to get in the silver game. Two days later the metals start tanking.

  • Prime Crypto
    Prime Crypto Month ago

    President Tiny hands is PLAYING THE GOLD MARKET!!!
    China trade war is lost for now. It will take years to negotiate a "deal".

  • Marco Viti
    Marco Viti Month ago

    Look Peter has a point. All currencies must comeback to the Gold Standard. It will keep Government spending limited ( Depending on the Total amount of your Gold Reserves you can only print so much).
    Currencies must be backed up by something. People complain that Food prices has Sky Rocket. It's not the Food that is expensive, it's the Dollar that has less and less purchasing power.

  • Hans Castorp
    Hans Castorp Month ago

    What are some gold mining stocks you guys are looking at?

  • Logan
    Logan Month ago

    Hurricane Donald xDD

  • Denis Charpentier
    Denis Charpentier Month ago

    Your an idiot dude.

  • AmericanOutdoors1
    AmericanOutdoors1 Month ago

    Trump will win again

  • M G
    M G Month ago


  • Crypto- MackDad2
    Crypto- MackDad2 Month ago +2

    Own gold silver and bitcoin

  • Mark Anthony
    Mark Anthony Month ago

    Haha I enjoy vindicated Schiff videos :) I've decided that the reason I like this channel is because Peter tells the truth.

  • Mark Hollingsworth
    Mark Hollingsworth Month ago

    The jewboys will let silver rise to$30 $40 an oz.& then bust it back down.

  • Piet zaken
    Piet zaken Month ago

    stock buybacks, ai algoritmes, dumb money seems to go into this market

  • Dak Kol
    Dak Kol Month ago

    Bail-In pending - negative interest rates are a Bank Bail-In
    Trial was done in Cyprus where banks devalued accounts as much as 15% recovering only 83.5% in some cases. (FORBES The Cyprus Bank 'Bail-In' Is Another Crony Bankster Scam May 3rd 2013)
    The cover up is all the Red Flag, Green New Deal, Trump tarrifs and immigration, FBI debacles.
    The public is saturated with "other news" whilst the globalists wrest liberties and prosperity.

  • ThisMyCollection 2
    ThisMyCollection 2 Month ago

    Sold one of my cars to buy three large safes to hold more silver. I've been stacking since 2014!