Peter Schiff: $20,000 Gold, Crashing Stocks, and New Hope
In this episode, I spoke with Peter Schiff, an economist specializing in foreign equity, currency, and gold markets.
We discussed the rising gold prices, yet the stagnant performance of gold mining stocks. I asked him what he's currently buying and selling.
Later, I questioned him on whether the Fed should be hiking rates instead of cutting them.
Following my conversation with Peter Schiff, I was joined by two precious metals exploration companies.
1. Arras Minerals CEO Interview with Tim Barry (TSX-V: ARK) - #copper & #gold stock with exposure to Kazakhstan.
Arras Minerals' website: https://www.arrasminerals.com/
2. GFG Resources CEO Interview with Brian Skanderbeg (TSX-V: GFG) - #gold stock with exposure to Ontario, Canada & Wyoming, US.
GFG Resources' website: https://gfgresources.com/Home/default.aspx
Important warning:
None of the companies have paid for the production of this video. No questions were exchanged, and nobody saw the end product prior to its publication.
The information provided herein is general & impersonal in nature and meant for entertainment purposes only. The viewer/listener acknowledges and agrees that the contents of this publication do not constitute an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy.
The host is not a licensed investment advisor. He is just another talking head on the internet. He might own shares of companies mentioned in this publication.
Always assume he doesn't know much more than a potato does. He doesn’t get paid to pick the best companies, he gets paid to interview CEOs.
The mining & exploration space is among the riskiest sectors to invest in. The risk of anything mentioned in this publication is 100% loss of capital. If you don't read the official documents provided by the company on www.SedarPlus.ca, you will lose all of your money.
Timestamps:
00:00 - Introduction
02:04 - What is the real valuation of gold?
13:34 - Do you stay in gold during a broad liquidity event?
17:14 - What's Peter's strategy behind the Euro Pacific Gold Fund?
22:09 - How does Peter manage stock dilution risk?
27:55 - Is a $20,000 gold price realistic?
31:26 - Where is the price of silver headed?
32:56 - What is Peter's silver exposure?
38:14 - Are rising interest rates negative for gold?
46:54 - Does the dollar need to crash for gold prices to rise further?
01:00:10 - How does Peter balance being a salesman and staying bullish on gold?
01:13:42 - Is it too late to invest in gold?
01:16:57 - Contact Details Peter Schiff
01:18:23 - Important Warning
01:23:40 - Arras Minerals (TSX-V: ARK) Company Overview
01:36:35 - Arras Minerals (TSX-V: ARK) CEO Interview
02:50:00 - GFG Resources (TSX-V: GFG) Company Overview
02:57:37 - GFG Resources (TSX-V: GFG) CEO Interview
