What’s Imploding Now with Andrew Hoffman:
– China devaluation – ramifications of all kinds (crashing commodities, currencies, Dong devaluation today)
– Greece “bailout” terms – Grexit more guaranteed than ever
– Today’s article, on incredible St. Louis Fed “white paper” saying QE is a failure!
– FOMC minutes – raise rates? LOL
– Massive physical silver shortages developing, which I have been writing of ad nausea
– And more…
This interview was hosted by Financial Survival Network.
There is a sense of urgency developing now that will soon take us to CRITICAL MASS. WHEN THAT HAPPENS IT IS GOING TO GET VERY CRAZY FOR SOME AND UGLY FOR THOSE UNPREPARED.
Good summary of things Andy.
PPT out in force today, AUD gold as high as AUD $1598 now AUD$1574. DJ futures look like they will turn green after being red most of the day! Kitco charts don`t seem to be very reliable?
Mean`t to say, what a farce!
Hi Andy, love you material!
Liked hearing you on USA watchdog also.
I’ve tried to keep up on the Pm markets for 10 or so years by going to sites like yours.
What I can’t really understand is why the big boys want to hit silver so hard. I understand they need to smash Pm’s so people will flock to fiat, but something like silver gets hit extra hard. Like today, dollar down quite a bit, gold up, but silver getting hit again.
Even gold is up 300 or so dollars from 1980, but silver is ripped apart extra hard. It’s down 34 dollars from the 1980 high. Wow, what a % difference between gold and silver.
If silver were similar to gold compared to 1980, it should be around 70 dollars instead of 15.
What is about silver that the powers that be hate so much?
I would think gold would be the Pm of choice for the big boys to smash!
PS.. There is so little silver in the hands of the people compared to gold, why would they even care what the price is. There’s not enough silver available to even make a difference if people did want to flock to it. We silver holders could barely affect the fiat currency.
Oh, they care. Silver is their Achilles Heel; as not only it as monetary as gold, but far tighter (witness what we are seeing now). That’s why they have gone out of the way to make paper silver uninvestable – as most Westerners don’t realize the real way to own it is physical. Although they certainly are getting it now – as they did in 2008.
The FED will be right back to the Gutenberg Shuffle and sooner than most people think. They can’t even raise interest rates. Well, not until they are lost in a blizzard of homeward blown treasuries. The bond market will do their heavy lifting and believe me, it won’t be pallets of gold bullion they’ll be lifting unless they are shipping it east. Stagflation seem like the good old days when the coming freeze up of credit markets runs it’s course.
I follow sites like your for the real truth as to what’s going on in the world. There’s this guy name Andrew Mcquire who posts comments on KWN.
He’s been saying for months now that a new physical exchange is coming and when it does it will force the CRIMEX oops I meant COMEX to default i.e settle in cash. What do you know about this exchange?
I know him well. He is a great guy, and one of our team…
That said, I doubt the exchange will be the catalyst. More likely, it will be the tail, as China is already the biggest physical trader.
Moreover, I think he has a major role (i.e. ownership) of some of the new exchanges, so I think his unending bullishness about them is a bit biased.
Listened to your interview on CTM on Friday Aug. 24,2015. It was very informative as usual. Your an excellent teacher. You mentioned something in the interview that caught my attention re: Brokerage Money Accounts. Did I understand you correctly that the account should be set up as being ‘non-margin able’? Something about the Gov’t not being able to re-hypothatice’ the funds. Just wanted to check with you that I understood correctly.
You may contact me at my e-mail address or post here your reply. Thank You, Marti
Yes, if you remember the whole MF Global mess, the issue was that the company hypothecated (or “borrowed” for their own proprietary investment purposes) client accounts to pay off debts. If you have a non-marginable account, they can’t “borrow” your funds or investments. And in Schwab, you have a non-bank financial entity with a rock solid balance sheet. Frankly, even I can’t see a scenario where your non-marginable brokerage assets at Schwab are lost. Of course, I only have 10% or so of my liquid assets there, and 90% or so in physical PMs.
Thank You for your insightful reply. You explain in a way that the Novice understands.
Signed up for your newsletter yesterday. Just opened my mail for the day, and your updated article is there for me to read.
Thanks Again. Marti