🔴 Is the Money in Your Pocket Counterfeit? - Ep 962

[@nicolasbenson009]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[@Jersderakerguoe]

If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.

[@hersdera]

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@Hectorkante]

That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?

[@hersdera]

Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@CraigLloyd-fz6ns]

Benevolence, this reference seems valid.. Just inputted her full name on my browser and found her site without sweat, 15 years of experience is certainly striking! very much appreciate it

[@goldismoney5899]

Cuts into his vacation to do a podcast. Peter is really dedicated. Thank you very much Mr. Schiff. END THE FED. Gold IS money.

[@markymarkjapan]

No,, he just has nothing else to do.

[@Adonai-lz5jb]

That is how he pays for his vacations. He makes videos to make vacation money.

[@dominicdemicco]

@@Adonai-lz5jbtroll

[@eugenefirebird8938]

Vacations are boring. Peter gets excited talking about finances.

[@Sharonibby]

I have heard about her excellent trading expertise in CNBC news, guess she's more popular in United Kingdom

[@danieljohnson2503]

Peter Schiff is an amazing individual, an honest person succeeding in a World governed by criminals. He’s rarer than Gold in current times and I’m ecstatic he’s created a successful business, informing the rest of us. God Bless you, Mr Schiff. Keep up the good work! No Homo. lol

[@sowelly2808]

Your dad was a smart man, Peter. My dad taught me similar lessons about the history of money in the US when I was growing up. Unfortunately, he passed when I was just a teenager. I miss him dearly. Thanks for filling in the knowledge gaps for me in my adult years 🙂

[@wolfdog2001]

Holy shit! This man is a millionaire. He doesn't have to tell us this...he has a boatload of wealth for himself. He is truly doing a service for all who are willing to listen. Amen Schiff you are awesome!

[@Sky1]

Newsflash many are millionaires. No big deal, dollar is near worthless

[@gobot581]

Well he makes money of the video/ads and its advertising for his finacial services. He's anvamazing resource to utilize but nobodybis online doing charity work

[@stevechilcoat2353]

Not all his "advise" will make you a balanced investor. He seems to have a penchant for disdaining American equities.

[@jeffyoung3515]

And a millionaire isn’t much these days.

[@destroya3303]

@@Sky1 Schiff's wealth is quite impressive. He ran his own bank for a while until the real bankster's henchman shut him down. His father died in prison protesting the income tax, so it's not like he inherited a bunch.

[@gustav8310]

Thanks Peter, that story about the coins was a fantastic explanation.

[@damianmousley2098]

Peter you are a hard worker . Working hard whilst on holidays. Admirable.

[@WhitneyRoss-dj4rf]

In uncertain times, how can one outperform with the S&P 500? my money goal of $3m seems far-fetched and just saving is not an option, do I seek a license advisor to help grow my funds, or wait for a favorable economy? I have barely 5 years to retirement.

[@BrianAlbert-hh3pi]

patience is your best friend here, although you can benefit from the help of advisors, especially when it comes to smart financing.

[@AshleyKeith-vw7ws]

Very correct, investing is plain-sailing using a well experienced advisor, and at first-hand experience, I've witnessed my investments compound over 280%, since Jan.2020 amid rona-outbreak, summing up nearly $1m as of today.

[@EricaWaters-lr6zw]

this is huge! been a fan of asking questions like Socrates, seeking information and handling certain duties to professionals, my $ 100k index has been shortened by 10% due to inflation over the years and I could really use a help at this point

[@AshleyKeith-vw7ws]

I take guidance from ''DESIREE RUTH HOFFMAN a renowned figure in her industry with over two decades of experience. I'd suggest you research her further on the web.

[@EricaWaters-lr6zw]

very much appreciated, just inputted DESIREE RUTH HOFFMAN on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal

[@ZzHasbrozZ]

Respect for telling the story about your dad being defrauded. People like to hide embarrassing info but this shows your willingness to be open about anything.

[@markymarkjapan]

His dad was a criminal tax evader...died in prison.

[@georgeorwell3501]

@@markymarkjapanAre you mentally retarded? His father knows income tax is unconstitutional period. And went to prison to prove his point. He was a freedom fighter for YOU.

[@mrod3470]

@@markymarkjapan Irwin Schiff was an American patriot who embarrassed the wrong people in the US government. His character and honesty shines through his son, Peter Schiff.

[@ZzHasbrozZ]

@@markymarkjapan he’s been open about that too.

[@Oatriumph]

​@@markymarkjapanHe actually died cuffed to a hospital bed and was refused compassionate release. This, to me at least, indicates he was more of a political prisoner than a criminal. I don't know anyone that thinks current US taxation is just. Highly progressive and on individual income.

[@bibibachmd9995]

Thanks Peter. Like the shirt! Your vid is way better than a graduate Econ course.

[@susanvalenta4978]

Another lesson in real money that you won’t ever hear in Econ 101. Thanks, Peter. You’re the best!

[@wanderingdoc5075]

The Atlantis resort in Bahamas is only a $400/nt hotel. Glad to see Peter is still somewhat frugal like us mere mortals.

[@davidelliott2485]

The wealthy people that I personally know don’t flush money down the toilet. They might enjoy flying first class or a cool expensive truck but that’s it. A cheap hotel provides a bed just like 1500 a night hotels.

[@shinobudev]

He's staying at the Royal REGAL SUITES given the square sofa in the corner of his background. Minimum nights of 2. Ol' Pete doshed out $2000+ for his week stay. I know Pete has helpful insight but it's difficult to listen to him from an ivory tower with the current class divide landscape.

[@wanderingdoc5075]

@@shinobudev the various hotel brands within that atlantis resort all range around 400 to 600 US dollars for a hotel room. That being said i regularly book $2,000 plus hotel rooms but on credit card points. The most i personally have spent on a hotel room was around $600/nt.

[@shinobudev]

@@wanderingdoc5075 don't know what you are trying to prove but not many people can afford remotely that much for a "regular" frequency vacation. Congratulations you are upper middle class, that ain't doing Peter any favors.

[@pbr549]

@@shinobudevPeter is entertaining. Only people that have him managing their money is paying for his room. I used the S&P 500 with low fees to get my wealth.

[@DogmaFight]

Audio drops at 4:59, but picks up again at 6:16. He restarts the podcast at 6:59.

[@rollingthunder6406]

Thank You

[@lentzquest]

Hero

[@AudioNumeric]

Weird. Not on my end, your end dog

[@Estoniran]

This guy needs a new audio crew, can’t remember a single episode without issues

[@sporkeh90]

@@Estoniran are you here for world class production values? really?? there isnt enough content here to justify watching regardless?

[@globetrotter6219]

Peter should have his own line of Shirts " The Peter Schiff Collection "

[@derekokeeffe8758]

In case you havent figured it out yet Gold/silver prices are trying to rise but TPTB will not let them rise at a spectacular rate as it would reflect badly on the usd and the financial system. If gold is too cheap they risk draining supply. Fyi, they regularly monkey hammer gold at the time of least liquidity, which is during japanese lunch time

[@bbustin1747]

That Bahamian hotel cut your feed. The neighbors complained about you yelling about gold /silver incessantly 😂

[@Jakkaribik1]

Hey If it works for Peter and Some others with Gold and Silver go for it Louder :D

[@mattatuckmanful]

Your dad was a good and honorable man!

[@TDK2K]

Thanks for the clarification, Peter. I was wondering why all PMs were falling. Appreciate your podcast tonight.

[@LordyHotdog]

The podcast restart disaster at 7:00 is epic

[@dankurz7675]

Who cares! Focus on the content, you nimrod!

[@sojourneroftheland]

Saw that part live lol

[@goldismoney5899]

If you want to be in miners and don't have the time or knowledge to do it yourself, simply buy either Schiff's fund, Sprott's ETF, or buy the top producers and mid-tier companies with market caps above 1 billion. Stay away from juniors and explorers unless you do the homework yourself and simply gambling.

[@MDDiamonds1]

You know if you want to buy metal. You can buy base metal bullion at a 22.5% discount right now. 100 in nickels are worth $128.96 in metal right now. No premium and no downside risk.....

[@kenporonin1]

I learn more from a Peter Schiff podcast than I ever did in my economics classes in college....! Lesson learnt....... The experts are lying bafoons........! Thank you Peter......!

[@lovly2cu725]

Me too!

[@moviehipster]

Peter Wrote that comment himself!

[@mikeappleseed5869]

Nice podcast, full of energy lol. The music of the countdown reminds me of the music in the game dead or alive lol, that’s good music. You called it on the metals loll, prophesying via podcast

[@jimscherer8072]

Please use lol less

[@amarnagi9350]

Good gold pull back

[@davidwhite6581]

This was a great podcast. Well said Peter!!

[@shanejones578]

What are your opinions on platinum Peter, I’m 24 as well. I believe speculation on platinum to the weight of 10-25% at my age is in my best interests.

[@thecitchannel2856]

Today, Wed 22 May 2024, I collected on 4 'friendly' wagers. While most people were crowing about gold hitting new highs, and silver over $32, I was frantically trying to remind them of the fact that the CRIMINALS are in charge - there are NO markets!!! Of course, people believe what they wanted to believe, and so my words fell on deaf and dumb ears. Well, I collected on 4 of those dummies, who ridiculed and bet against me that gold and silver would be hammered down in a matter of days. WHAM, today the hammer fell HARD!!! - thanks for nice dinners, gents - try harder to listen to ol' Jorge!!! 🙂 Peter is once again trying to keep people from fleeing the "investment" crowd by convincing them that "there really ARE markets", which is a load of BS.

[@matthewbyrns-sp8lb]

You hit the nail on the head

[@jimscherer8072]

Your a clown

[@felixnewman2473]

If you can get those calls right consistently use can become one of the most wealthiest people on the planet. If everyone is dumb compared to you, use a million dollar leverage!

[@bruceposch1449]

Thank goodness I read your comment, Jorge. I've been in a coma for a month and didn't know things are this bad...I'll check the prices. I'm back....Whew, I just checked the prices, and am delighted to know my silver is over $30. Btw, love your caps lock, and the three exclamation marks 3X. You do them so well.

[@liberTvalance]

When I was in HS a quarter bag was $60 for pressed and $80 for good good and $120 for indoor.

[@mattatuckmanful]

That price has actually deflated over time lol!

[@BeansandGarlic]

Once a dealer took my 5$

[@CollectorChronicles]

There's a classic Merle Haggard song called "I Wish A Buck Was Still Silver". Awesome lyrics. It's also interesting about copper dimes being coated to appear silver. Before the nickels we had "half dimes" that were cute little silver mini dimes. We even had a thin silver three cent coin around the time of the Civil War.

[@shanejones578]

1, 2, 2.50, and 3 dollar gold coins were all minted between 1800-1900 as well.

[@CollectorChronicles]

@@shanejones578 I love the tiny little $1 “Indian Princess” gold coins. ☺️

[@shanejones578]

@@CollectorChronicles I want one really badly, I just can’t get myself to fork out the cash for one. Maybe down the line, for now I’m just picking up for weight since I’m in my 20s. I want the civil war era state gold coins too.

[@shanejones578]

@@CollectorChronicles back in the country’s birth all the way to civil wars days at West Point university you swore your allegiance to your state first, not country. General Lee was called by Virginia to defend the state of Virginia, and he had to go. George Washington deemed West Point the key of the country. It’s the oldest military base and academy in the country. It’s some of the most important history in our country that’s been erased.

[@shanejones578]

@@CollectorChronicles and, it’s full of weak men and women who don’t belong now. Hence Americas leadership crisis.

[@rogerburn5132]

PETER SHIFF IS THE BEST EVRY TIME. - - LIKE 👍👍👍👍

[@riley5329]

Buy gold and silver and forget the price. 1964 silver was one dollar per ounce and gold was 35 dollars per ounce. Yes, people could still buy gold as a collectible. Uncirculated gold double eagles wer going for $70.

[@Oatriumph]

Gold wasn't 35/oz in 64, but I agree with your point. It was illegal to own monetary gold in 64. FDR and such. Land of the free. Hard to believe they fed us that crap in school.

[@brianmaguire6814]

Make Israel Great Again!!! Wall Street for Trump!! Kushner/Trump 2024!!

[@TDK2K]

I love silver dimes and pre-82 copper junk.

[@willlowry1573]

Thanks again Peter, Im so happy to learn the value of ridged edges!

[@thomascharlton7325]

I own Laundromats, I get junk silver all the time through the quarters that circulate in both of the towns my Laundromats are in. I am pretty much a giant quarter collection point for the town of Middleborough, Massachusetts, and the town of Plymouth, Massachusetts.

[@christacherry7912]

Great shirt, Peter!

[@sarrjel]

Great podcast as usual, thanks Peter.

[@jasonYT6988]

Peter Thanks for the information.....🙏

[@TimConnor-l8q]

Nice work Peter

[@Gold_Silver.]

Peter the 🐐

[@BufordPusser582]

Thanks for this Peter!

[@TwinBeavers]

Looking good Pete! Thanks you as usual!!!

[@draganvidic8177]

Anyone know what the best way to buy EPGIX in Australia? Thank you in advance!

[@socialseahawksfan9325]

Get a better broker?

[@JohnSmith-ve7it]

Love this podcast

[@CollectorChronicles]

You can still find silver dimes and quarters. Even rolls from the bank have them. I've made videos showing how to quickly search a roll doing what you described. Basically you look down the edges looking for a monochrome or "frosted" edge. Another trick is, if you pass by a CoinStar coin machine, check the reject tray down low. Often times in the noisy racket of the machine processing the coins, people don't know stuff is going in there. It's like a little cubby hole. I've found MANY silver coins as well as random international in those trays just walking by and checking them.

[@lovly2cu725]

He talked about selling junk silver last week

[@SonnyCrocket-p6h]

we USED to destroy thouands of tons of silver each year, in the pursuit of Photography. That has not been true for at least 20 years now. There's no shortage of silver, if there ever IS, they can always re-open the silver mines that were closed for WW2, forcing the miners to move into copper for the war-effort. Without the pumps working, those shafts filled up with water and the log-shoring rotted, collapsing the shafts. HOWEVER, if the price of silver goes above $100 per oz, you can bet your butt that those mines will be re-opened.

[@danieljohnson2503]

I’ve been metal detecting for several decades and have a nice collection of silver coins, 1853 being the oldest I’ve found. Still find an occasional silver coin in Coinstar kiosks, too. Many younger folks don’t understand money, exactly as the Oligarchs want it. Channels like your’s and many others, are making a difference.

[@sageand94]

One of my favorites. Never knew the coin story

[@lohbatuling4385]

Went to buy a half oz gold bar yesterday at local bank in Singapore. An Indian Banker next counter to me scooped up a massive 4 kilos of gold. Omg

[@sebastiancioek5970]

Thanks a lot ❤

[@danoneill2846]

yep

[@aceofslayz]

Interesting topic

[@firstgenchevelleman]

Peter why don’t you address the problem. It’s fractional reserve banking and who controls the money supply! It’s not what backs the money it’s who controls the quantity

[@motorcitymadman146]

He has

[@bassmanjr100]

He would say the temptation for chicanery is too high for a central bank. So money has to be backed.

[@Oatriumph]

The market controls the identity of money FIRST, then the quantity. Money EMERGES from the market, and the thousands of years of history was PM, then subverted by government through debasing coins and conversion to paper. And he has talked about FRB and the Fed quite a bit.

[@willlowry1573]

I like Pete because he talks about gold even when he is on vacation. Thanks Pete!

[@eugenefirebird8938]

The fact is that there are $1 million average house prices in many areas of the USA. That "data" shows that rates are way way too low for to too long.

[@Anthony-wr2zl]

Nicely done Peter I had seen Adrian Day on 'In it to win it' podcast prior to listening to you here. Keeping and eye on commodity prices in general. Raw materials will continue to rise all going to push the cost of production higher.

[@fivestriplingwarriors6920]

We need two podcasts a week, Peter. At least two.

[@commissarcarr2463]

Also during the period after Civil War. America had No Income Tax and huge protective Tariffs with small Fed Government and limited local regulation. Great system to develop local industries and supply you population locally. If get inflation just produce more goods not more dollars to chase limited goods. 😮😮😮

[@romulus1300]

Saw you on Bald Guy show Peter. Nice to meet you.

[@olegpetelevitch4443]

Peter 38yrs Gold ,silver and platinum physical ! Good ,I will buy more and am in both ! 3rd generation jeweler ! I keep buying $$$ is crap ! God bless ! The banks buy Gold,assets house, land ! So ,I do real value with you ! Thank you !

[@alexanderstromer5106]

Peter, in order to shut up the people who tell you that inflation is NOT the expansion of money supply, give the example of everyone suddenly stop working. The prices of all goods would of course rise dramatically, but this is not inflation, yet modern economists would determine this to be "inflation". And if not, how would they determine the difference between a price increase being caused by their "inflation" or other mechanisms. I am just like you firm on the definition of inflation / deflation being the volume of something, which was the original meaning of the word. Inflate a tire, inflate a balloon, inflate an argument, ... yet prices do not rise or fall but they inflate instead now? It does not make sense. If so, DJIA is also inflating then, which paints a 2x picture for the past couple years.

[@Jakkaribik1]

If People stop Working many Locations would go out of Business and the Bigger Fish are Left to see after the Price then it is High or Low at Random. The Value are Family Businesses who develope good Customer Service and good Skills you lose out on that. In The Plandemic many did close forever

[@tktimber418]

As of today, 5/23/24, $100 Face value of nickels by metal Content is $115.60. 100 face dollars of quarters by metal content is worth $25.36

[@jetset8090]

Peter Can you Please Talk about Mexico Potentially shutting down Open cut silver mines and what this means for associated Stocks Please.

[@Sanitytrain]

Irwin, Peter Schiff-Thanks.

[@ChrisHoebeke]

Peter, do you think the CME raising margins on silver had anything to do with this week's drop?

[@OnlyMyPOV]

What about files of taxes like state and federal taxes?

[@albertanyarko8586]

in schiff we trust

[@terrymoore861]

YES

[@apertureonline9566]

Hi peter!

[@lr5397]

You always make so much sense! And yet...no PhD! Better not to have that crap!

[@minnesotasalamander5913]

Good podcast

[@MDDiamonds1]

Call it Constitutional Silver. Sounds much better. 90% Silver known quantity.

[@s.c.9878]

King Henry 8th was known as Ol' Coppernose because he kept adding copper to the silver coinage. As coins were passed around the silver veneer would rub off his image imprinted on the coins and his nose in particular, revealing the copper underneath.

[@Adam444Tv]

What a t-shirt!

[@lovly2cu725]

It's a button front shirt, not a T shirt. It has a collar.

[@Adam444Tv]

@@lovly2cu725 what a literalist. Are you that guy pal? 😄

[@socialseahawksfan9325]

Definitely a vacation or permavacatiomer shirt.

[@ronfesta771]

Me thinketh a., man of principle and.......integrity!@!?😉 God Bless Mr. Schiff Senior!!

[@siddeshkale7626]

gold was down bcz iran prez was dead, means significant possibility of peace.... safe haven demand was down.....

[@GoodMorningStackers]

3rd? Is that what we do?

[@davidelliott2485]

Why yes it is.

[@helenachase5627]

Ill never be able to retire. The podcasters I watch are always on holiday.

[@Blackearthexcavationandtiling]

What dates is this going to happen? ... 13 months later since you started saying this, it hasn't done much .. oil and grain have been sideways to down.... good theroy but your wrong for a series of reasons

[@allenhanks7719]

You don’t need sponsors. No more commercials.

[@warrenmarc]

As much as I enjoy ur podcasts (always good info) I wish u wud do a plug on ur shirts...😍

[@axeljacobs9723]

Peter, I did the same in the 70‘s and 80‘s, picking silver coins out of the change. Days long gone now! 😢

[@shellwirtful]

My first job was in ‘85 as a waitress. I started collecting them but they were still few and far between. In 2 years I probably collected 10 😫 they were always left by older people, bless ‘em

[@nicholaseff8511]

Although price oppression of precious metals for perception management, with the occasional resetting of prices, is clear proof of inflation

[@mattlongpre]

The real question is why people allow this level of fraud to overtake our industries and make life absolutely miserable for the common man.

[@isaachere1234]

Thanks for the monetary history on our coins especially how we had real money pre 1964!

[@abrahams.lincoln6749]

Pre 1965

[@user-wc1bg8th4z]

I have lost lots of money the last 10 years listening to Schiff but the wait, and the pain, seems to be starting to pay off. I am confident in the very long-term, his advice will be the right advice.

[@shanejones578]

If you were buying silver at 20 dollars, platinum below 1k and gold under 2k you will be just fine.

[@shanejones578]

I’m buying all these metals at today’s prices still.

[@crouchhill]

Personally speaking I find two people that gives you the understanding of macro economics are Petey and Daniel Lacalle 😊

[@chad2831]

why don’t we just separate gdp transactions and non-gdp transactions??

[@carolynsmith3312]

So many people still have no idea how revenant constitutional currency is to the economy…Thank you for addressing it Peter!

[@amarnagi9350]

No audio

[@zacharysutton-giglia2346]

Peter for president!

[@spencer5838]

Which group was shaving silver Peter? You should know this.

[@soloman4765]

Nice shirt Peter

[@martintheguitarist]

The gold stocks are far from their 2011 highs because there has been massive dilution in their shares. Newmont's shares outstanding doubled since 2011.

[@jeffschlaver1343]

Did anyone else lose audio

[@luisraya8734]

yeap

[@bbustin1747]

Putin’s satellite killer knocked some audio as a test

[@cgasucks]

Don't worry. It's not you.

[@BPerz2]

Yes some

[@ThoughtCriminalPodcast]

Just Peter

[@yawzerdoink-a-sore-as8159]

How on Gods green earth do you know all of these things? Outstanding!

[@Billydevito]

I’m amazed that America still produces 1&2 cent coins. Even 5 cents (nickels) should be abolished. Australia got rid of 1&2 cent coins decades ago. (1992). We just round it up or down to the nearest 5 cent value. Even taxes are not levied in cents, but rather the dollar amount only.

[@jimscherer8072]

US makes 1, 5, 10, 25, and 50 cent coins. We havnt made a 2 cent coin in 150 years.

[@funkspinna]

Canada got rid of the penny over 10 years ago.

[@Billydevito]

@@user-friendlyhuman Really? So what! And using a card isn’t free. You’ll pay a fee to use a card that’s more than 1 or 2 cents.🤣

[@mattatuckmanful]

We need to get rid of the nickel too (35 cents) theres no reason for it

[@lovly2cu725]

Dimes are 10 cents, not 5

[@grnmntman2024]

being in Vermont we would have to hold our excitement because the Canadian dimes and quarters still looked like they were 100% silver.

[@siiwok]

keep an eye on DGP, NEM and GLD....be careful buying silver because it does crash fast also...I lost alot on AGQ silver etf when the silver bubble burst suddenly yrs ago...I prefer Gold anyday

[@HPM619]

Interesting facts about coins and silver is at $29 today. Time to buy some more.