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-- all right you got a look at gold prices are on the rise this morning this brings in Peter Schiff.
Peter is the ultimate -- -- in this economy falling -- that's.
Hi I wanna know -- have you ever put out a cell on gold.
No I mean I've been buying gold for thirteen years or so it's been -- -- bull market for pretty much the entire time and -- lot of short term -- so I don't give advice to.
Futures traders are options traders -- Telling people Bible -- hold it.
As as a hedge against inflation and and money printing and you know -- been up for twelve consecutive years it's entitled to a correction.
It -- it's incredible how the media has jumped all over this art where I read an article.
That said that the advisors who had been negative on -- the entire time we're now bloating and saying I told you so you know we're still at 14100.
I think it's a bit premature for the people have been -- their clients not to buy gold during the last decade to be patted themselves on the back you right now straighten me out on something about right in saying that this month April we've seen ref called gold coin sales.
I believe that the movement has been putting out a -- the dealers have been putting amount of people have been -- is that accurate.
It is Packard I own a precious metals company -- Pacific precious metals and it's the biggest month we've ever had.
But the problem is there's there's a big backup point is that we normally can deliver right away are backed up by.
Four to six weeks some of the products that we normally -- we can't even get.
And the premiums on on on gold coins and bars and -- have gone up dramatically so that it's actually more expensive there's so much body.
Because of the decline that we you know we can't even keep up with -- look at.
You mentioned that gold is bouncing because -- even buying gold because of the threat of inflation when people print money well Japan has been printing -- -- -- home.
I want to know where's the inflation in Japan.
Well there is you know.
Big at McDonald's just announced their first price increase in five years they raise the price of -- played -- 25%.
Look at the utility prices in Japan look at I think blew it but I'm just jacked up prices over there everybody is raising prices look the government massages the numbers you just reported how the government's going to be changing.
The way -- calculate GDP.
They're gonna count.
The money that we spend making movies writing books producing TV shows or are indeed on defense.
You know cut -- spending as investment it's all a bunch of nonsense the government -- the bush books -- -- the numbers to make them look better than they are there's a lot more inflation that the government acknowledges and it's got to get a lot worse as the money printing -- Peter -- we hear you thanks for joining us they'd appreciate it thank you.
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