{"id":51425,"date":"2020-02-27T16:54:14","date_gmt":"2020-02-27T21:54:14","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51425"},"modified":"2020-02-27T16:54:18","modified_gmt":"2020-02-27T21:54:18","slug":"peter-schiff-the-real-safe-haven-money-is-going-into-gold","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51425","title":{"rendered":"Peter Schiff: The Real Safe-Haven Money Is Going Into Gold"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/schiffgold.com\/peters-podcast\/peter-schiff-the-real-safe-haven-money-is-going-into-gold\/\">Peter Schiff: The Real Safe-Haven Money Is Going Into Gold<\/a><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2020\/02\/gold-163519_1280.jpg\"><img decoding=\"async\" src=\"https:\/\/1mo0o3e03f7c59k045fwasgb-wpengine.netdna-ssl.com\/wp-content\/uploads\/2020\/02\/gold-163519_1280-1024x576.jpg\" alt=\"\"\/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Stock markets tanked on Monday. The Dow Jones was down over 1031 points. It was the biggest drop in two years for the Dow. The Nasdaq shed 355 points. The S&amp;P500 was down 111.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As stocks dropped, the bond market was red-hot. Prices soared and yields dipped to record lows. Bonds are considered a safe-haven, but in his latest podcast, Peter said US Treasuries aren\u2019t a safe-space. When it\u2019s all said and done, the only safe-haven left standing will be gold.<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/LCC7XfZU1_8\" width=\"560\" height=\"315\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Coronavirus fear was the immediate catalyst for the sell-off as the virus spread outside China, but Peter noted that US stock markets were already vulnerable before the virus outbreak.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Remember, we\u2019re talking about the US stock market that\u2019s at bubble territory, nosebleed valuations, long in the tooth, the longest bull market in US history that has been fueled by the most monetary and reckless fiscal policy in US history. But this is a bubble in search of a pin. So, maybe the coronavirus is going to be the pin. But if we had a healthy market, if we had a healthy economy, it wouldn\u2019t matter about the coronavirus. It\u2019s because the economy is sick. That\u2019s the problem, not the people who are infected with this virus.\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Peter said it looks like the coronavirus is going to have a bigger effect on the global economy than he originally thought. But there is a lot to worry about even if we didn\u2019t have the coronavirus.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>So now, when&nbsp; you have this too \u2013 you have another straw on a camel\u2019s back that is ready to just implode at any moment because he\u2019s already barely able to support all the straws that are already up there. I mean, hey, why not sell? Why not lighten up in the stock market?\u201d<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peter Schiff: The Real Safe-Haven Money Is Going Into Gold Stock markets tanked on Monday. The Dow Jones was down over 1031 points. It was the biggest drop in two years for the Dow. The Nasdaq shed 355 points. The S&amp;P500 was down 111. As stocks dropped, the bond market was red-hot. Prices soared and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[28817,29011,374,536,963,7258],"class_list":["post-51425","post","type-post","status-publish","format-standard","hentry","category-economics","tag-coronavirus","tag-covid-19","tag-gold","tag-money","tag-peter-schiff","tag-viral-outbreak"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51425"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51425\/revisions"}],"predecessor-version":[{"id":51426,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51425\/revisions\/51426"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}