U. S. Dollar Has Worst January In 30 Years! – Ep. 225

EPISODE · Feb 2, 2017 · 28 MIN

U. S. Dollar Has Worst January In 30 Years! – Ep. 225

from The Peter Schiff Show Podcast · host Peter Schiff

* The month of January came to an end, and it didn't play out the way most people believed it would * Remember when the year began, everybody was optimistic on the U.S. dollar * Remember I said that it was the most crowded trade * It was just like gold the year before * Everybody was convinced that now that Trump was President we were going to have all this fiscal stimulus * The Fed was going to be tightening rates more aggressively * The dollar had no place else to go but up; * Everybody started the year long the dollar * I just read that this was the worst January for the dollar in almost 30 years! * For all the fanfare and the hype about Dow 20,000 * The Dow was only up about .5% in the month of January * You would think that it was much higher than that * And of course, measured in any other currency, the Dow was down quite a bit * In fact, if you just look at our mutual funds * To just give you an example of what's going on overseas * First of all, our Gold Fund up 12% in the month of January * But my International Value Fund was up 6.5% in the month of January * That fund is the #1 fund on Morningstar so far in 2017 * It was also the #1 fund in its category of 400 or so for all of 2016 * And it's already the #1 fund for 2017 * But if you look at the returns that are being achieved internationally * Investing outside the dollar * Investing in gold stocks * That's where all the money is being made * It's not being made in the U.S. Stock Market * In other currencies, it's actually, it's only up in dollars * But it's down in terms of just about every other currency * So you wouldn't know that from listening to the pundits * Everybody is so excited about what's going on * Again this is probably how it all started when George Bush came in * People were still initially enthusiastic about what was going to happen * But the honeymoon didn't last longOur Sponsors:* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

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U. S. Dollar Has Worst January In 30 Years! – Ep. 225

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