On his weekly podcast, Andy Hoffman discusses the European Stock Market, plunging interest rates, the U.S dollar, the stock market, gold and silver.
On his weekly podcast, Andy Hoffman discusses the European Stock Market, plunging interest rates, the U.S dollar, the stock market, gold and silver.
Hi Andy,
Love your work. Don’t agree 100% with everything you say, but hey, that is what you would want anyway… Independent thinkers.
Anyway, I have an analogy that I thought you’d enjoy hearing. According to NASA, there are only 124 known meteorites from Mars (here on Earth); they are rare and valuable. Imagine for a moment, if the CME started trading them. And if they were interviewed about this on TV, they would proudly say, “We trade them by the tonne… today for example, over 100 tonnes have been traded.” (With a big proud smile on their faces.) And if the interviewer asked them, “But what happens if someone wanted to take delivery?” The CME guy would look at them, with a confused face, and say, “Well… if for some (strange) reason we could not deliver, we would just settle in cash.”