Gold Soars as The Fed Readies Rate Cuts - Ep 979

Market Analysis, Gold Surge, and Personal Announcement
Peter Schiff discusses the stock markets' performance on Friday the 13th, noting that while major indexes ended on a positive note, the only asset to hit a new all-time high was gold. He interrupts the usual podcast to announce his wife Lauren's new music duo, 'The Laughing Cats,' and their debut album, 'Funny Money,' highlighting the first single 'G.Y.B.' now available on Spotify. Peter then resumes, detailing gold's significant rise to new record highs and contrasting it with the stock market's performance in terms of gold pricing. He also critiques the U.S. budget deficit, discusses potential economic impacts of the Federal Reserve's anticipated rate cut, and assesses the presidential debates, focusing on issues of tariffs and tax cuts. Peter emphasizes the investment potential of gold and gold stocks amidst the current economic landscape.

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🎶 New single from Laughing Cats out today: https://open.spotify.com/artist/2f3z6IPGfomCl9FsJeyb8d?si=9morm92NRdikGW3hbt0iPA

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00:25 Stock Market and Gold Performance
00:46 Announcement: The Laughing Cats' New Album
04:48 Gold's Record Highs and Market Analysis
17:25 Bitcoin and Oil Market Insights
22:46 Inflation and Federal Reserve Rate Cuts
26:22 CPI and PPI Data Analysis
32:56 Wall Street's Call for Rate Cuts
33:27 Record-Breaking Budget Deficit
36:07 Economic Weakness and Job Statistics
37:26 Presidential Debate Analysis
43:32 Tax Cut Promises and Economic Realities
48:23 Tariffs and Their Impact
54:43 The Illusion of Tax Cuts
01:00:20 Conclusion and Investment Advice

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