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

The Peter Schiff Show Podcast

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 long