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PODCASTS
1 – Peter Schiff (Schiff Gold) discusses precious metals, bitcoin/cryptos, economic and market conditions, future predictions, etc…
Peter’s previous interviews with Ernest HERE
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PODCAST 1
Peter Schiff
Peter Schiff is the founder of SchiffGold, founder of Euro Pacific Asset Management, and host of The Peter Schiff Show. Peter is an economic forecaster and investment advisor influenced by the free-market Austrian School of economics. He is one of the few forecasters who accurately and publicly predicted the 2007 housing market collapse and subsequent 2008 financial crisis. His latest best-selling book, The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country, warns that the 2008 crisis was just the prelude to a larger sovereign debt crisis in the United States that may lead to a collapse of the US dollar. Peter recommends long-term investment in foreign markets with sound fiscal policies, as well as global commodities including buying gold, silver and other physical precious metals.
The Peter Schiff Show: schiffradio.com
Newsletter: schiffsovereign.com
Buy gold and silver: schiffgold.com
All social media: @peterschiff
SHOW TOPICS/REFERENCES
1. Peter Schiff on Gold’s Dominance Over the S&P and the Plot to Stop You From Noticing
Gold has so dramatically outperformed the S&P this century that you’d think CNBC would be recommending it to investors. But they’re not. Peter Schiff explains why.
Chapters:
0:00 Why Schiff Decided to Start Buying Gold
10:45 You’re Being Lied to About Inflation
23:39 How the Government Secretly Rigs the Economy
25:25 The Unemployment Rate Is Much Higher Than You Think
27:27 What Was the Result of the Big Beautiful Bill?
30:10 Is the Housing Bubble About to Pop?
36:20 The Real Reason College Got So Expensive
40:30 The Real Reason Healthcare Got So Expensive
43:50 Crypto vs. Gold
58:11 Will Bitcoin Be the New Global Reserve Currency?
1:02:11 Why Corporate Financial Channels Hate Gold
1:15:04 The Secret Gold Scam Stealing From Americans
2. Schiff vs. CZ: Tokenized Gold Beats Bitcoin
Peter recently debated Binance founder Changpeng Zhao (“CZ”) in Dubai at the Binance Blockchain Week. In their dialogue, Peter goes through the case for tokenized gold and lays out why a gold-backed token can actually improve gold’s usefulness as money without sacrificing its long-term value. He contrasts tokenized gold with Bitcoin and other crypto mania — calling out the hype, the ETFs, and celebrity promotion — and predicts that a rising gold market will expose Bitcoin’s weaknesses.
He starts by explaining how a token can turn physical gold into an everyday medium of exchange while preserving the metal’s core monetary function:
And now you can use your token as a medium of exchange. And so now you have a viable monetary unit that is a store of value because it’s backed by the gold that’s in the vault that anybody can take delivery of. But in the meantime, you’ve taken gold and you’ve now made it more transportable, more divisible, more fungible. You’ve improved on all of its monetary properties. But you don’t lose the most important property, which is its store of value because its value is the gold that the token represents.
He points out that tokenization is nothing new in principle — paper receipts and IOUs once stood for stored metal — and that the token only changes the form until someone actually needs the metal for industrial or craft use:
Obviously, if you want to actually do something with the gold, if you’re a jeweler, you have to take the token and redeem it. If you’re manufacturing computer chips and you need gold, you have to redeem the token. But as far as using it as money, yes, it improves on gold, just like the old blacksmiths. Originally, when people had gold and they would have it stored in the blacksmith, the blacksmith would write out an IOU, a piece of paper, which could then circulate in place of gold because it was more convenient.
Peter reminds listeners why gold holds an unmatched claim on value across time: its scarcity, durability, and long history of use mean that owning gold is owning a durable claim that outlasts perishable commodities:
When I own gold, I don’t just own what I can do with it today, but I own what somebody else can do with it in a thousand years, in 10,000 years, because gold doesn’t go away. I mean, the gold that was mined 10,000 years ago, it’s still here. I mean, you know, it doesn’t go anywhere, and it’s no different than it was in the past. And so gold’s price today represents the present value of all of the uses from now until the end of time. You don’t have that with other commodities that have a shelf life, that decay. They rot.
That permanence, he says, is the essential difference between a token backed by metal and a purely digital claim. A Bitcoin transfer, in his view, moves data; a tokenized gold transfer moves ownership of an underlying real asset:
But at the end of the day, when I transfer my Bitcoin to you, I’ve transferred nothing. I have nothing. I give you nothing. When I transfer tokenized gold to you, I’ve transferred gold. I’ve transferred the ownership of the gold, and what gives the gold the value is what you do with it as a metal.
Finally, he ties the macro picture together: gold has entered a renewed bull phase after years of consolidation, and that dynamic makes it harder for Bitcoin to maintain relevance as a store of value. People who switched from gold into Bitcoin may try to reverse that trade, but Peter warns there may not be buyers for the Bitcoin they want to dump:
In fact, I think one of the reasons that Bitcoin was able to do so well, you know, from when it started until recently was because gold went sideways for about twelve, thirteen years and that’s exactly the time when Bitcoin started… But now gold has broken out of that consolidation, gold has now doubled in the last two years and silver now has caught up. … Now we’re in another stage of the precious metals bull market where gold and silver are not going sideways… In that environment, I think it’s very difficult for Bitcoin to compete.
For Peter’s latest analysis of the precious metals bull market, check out the latest episode of the SchiffGold Friday Gold Wrap!
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