Our
guest owns a house and condo in Puerto Rico, where
a direct hit from CAT 4 Hurricane Maria plunged
all 3.4 million inhabitants into total darkness.
Hundreds
of thousands will require relocation.
The
discussion includes new national emergency in
California - wild fires have claimed at least
15 fatalities, hundreds of missing persons.
The
string of natural disasters in 2017 illustrates
the importance for every household to prepare
for unexpected events.
Peter Schiff is less concerned with the imminent
rate hike expected (87% odds) at the December
FOMC meeting, focussing instead on a potential
QE.
Our
guest notes that regardless of manipulation schemes,
inevitably market forces will send the price back
to it's natural, higher level.
He
suggests 5-10% portfolio exposure to bullion and
up to 20% in gold equities as a bare minimum,
in a diversified format.
The
host attempts to persuade the guest regarding
the merits of Bitcoin and related Altcoins as
a digital currency alternatives.
The
crypto-domain resembles the pre-bubble dot.com
era - top stars with solid first mover advantage
and functionality will thrive such as Bitcoin
/ Ethereum.
Bill
Murphy of GATA.org
returns with bullish commentary on Bitcoin and
the precious metals sector.
The
PTB cannot find a way to contain the viral Bitcoin
/ Blockchain epidemic, as they have the PMs markets
via paper money schemes.
Once
the cryptospace is dominated by the big institutions,
interest will return to gold and silver in a big
way.
Just
as Ethereum is arguably silver to the Bitcoin
gold, silver has great potential to leap suddenly
to triple digits, following the lead of Ethereum.
The
host speculates that the tipping point could unfold
as gold / silver assets migrate to the blockchain
domain, such as the upcoming OneGram ICO.
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Guest
Bios
Bill
Murphy
GATA.org
Bill
Murphy, GATA Chairman
Murphy grew up in Glen Ridge,
N.J., and graduated from the
School of Hotel Administration
at Cornell University in 1968.
In his senior year he broke
all the Ivy League single-year
pass-receving records. He
then became a starting wide
receiver for the Boston Patriots
of the American Football League.
He went on to work for various
Wall Street brokerage firms
and specialized in commodity
futures. He began as a Merrill
Lynch trainee and went on
to Shearson Hayden Stone and
Drexel Burnham. From there
he became affiliated with
introducing brokers and eventually
started his own brokerage
on 5th Avenue in New York.
He now operates an Internet
site for financial commentary,
www.lemetropolecafe.com.
Peter
Schiff President &
Chief Global Strategist
Peter is one of the few
investment advisors to
have correctly called
the current bear market
before it began and to
have positioned his clients
accordingly. As a result
of his accurate forecasts
of the mortgage meltdown,
credit crunch, and decoupling
of commodities, precious
metals, and foreign markets
from the U.S. Dollar,
he has become a sought-after
economic commentator on
a range of investment
topics. Peter delivers
lectures at major economic
and investment conferences,
and is quoted often in
the print media, including
the Wall Street Journal,
New York Times, L.A. Times,
Barron’s, BusinessWeek,
Time and Fortune. His
broadcast credits include
regular guest appearances
on CNBC, Fox Business,
CNN, MSNBC, and Fox News
Channel, as well as hosting
a weekly radio show. As
an author, he has written
four best-selling books,
including his latest:
" Crash Proof 2.0:
How to Profit from the
Economic Collapse"
and "How an Economy
Grows and Why It Crashes."
James
Rickards & Chris Waltzek Ph.D.
- October 4, 2017.
Andy Schectman &
Chris Waltzek Ph.D. - Sept. 21, 2017.
