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Ranting Andy Hoffman and Kerry Lutz connected for a rare Sunday session. The subject of course was the botched bank bailout in Cyprus and the resulting bank run. Could this be the black swan event that catapults gold and silver higher the world into utter chaos. Obviously there will be a large flow of funds into the US Dollar. But Andy believes that propaganda machine has been permanently broken and the end of the gold cartel is upon us. How many billions will the precious metals shorts lose in the next week? We know from massive deliveries on the Comex that a loss of confidence event is very close.
This interview was hosted by Financial Survival Network.