GOLDSEEK RADIO

Martin Armstrong and Peter Schiff

07.03.2017 - By CHRIS WALTZEKPlay

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June 30, 2017 Featured GuestsMartin Armstrong and Peter Schiff (guests listed alphabetically) Show HighlightsThe head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX), returns. Despite the coordinated efforts of the PTB to cap the price, gold has still ascended about 10% in 2017. Their efforts are in vain as the price of gold will inevitably reach its intrinsic value, north of $2,000.The gold revival could be abrupt as investors scramble to procure the metal at almost any price. Peter Schiff expects the nascent gold bull market hinges on a shift in Fed policy to rate cuts and renewed QE4. Home ownership remains near 60 year lows; the housing market is approaching Bubble 2.0 levels. Commercial real estate is also in jeopardy due to excessive vacant space amid a "Retail Apocalypse." Peter Schiff calls for lower government oversight / regulation to reduce the burden of employment.US educators are encouraged to implement an apprenticeship program. Peter Schiff cautions investors to avoid paper gold contracts - gold bullion presents the best opportunity for wealth preservation. In Part I of this riveting discussion with global financier, Martin Armstrong of Armstrong Economics, discusses his two upcoming seminars. The Forecaster was one of the few to correctly anticipate the runaway bull market in US equities.He is calling for 23,000 Dow and if that is eclipsed, perhaps a parabolic move as the general public lost its appetite for shares during the 2009 crash. Our guest expects the European Central Bank (ECB) to file for bankruptcy protection, culminating with higher rates. According to his capital flow analysis, he presents contingency plans for investors to shield their portfolios from the onslaught, including gold.Ethereum was recently used in an IBM / Samsung program to help a washing machine, order its own detergent, call and pay for repair service. The sea change event will facilitate the Internet of Things (IoT), encourage artificial intelligence and lead to breakthroughs not yet anticipated by even top notch SciFi writers (figure 1.1).

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