Jobless claims continued stockpiling in the US, having topped 26 million over the past five weeks. The government is working to improve stimulus measures as the pandemic continues to ravage the global economy.

Boom Bust is joined by the CEO of Euro Pacific Capital, Peter Schiff, who says the US Federal Reserve is just doubling down on its failed monetary policy: “In order to prop up the market, the Fed hastened to destroy the purchasing power of the dollar.”

According to Schiff, investors “should be buying gold stocks because gold and gold stocks would be the biggest beneficiaries of monetary policy.”

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