Audioblog #53 – Inflection Point In History by Archive Writer | Sep 25, 2014 | Audioblog | 7 comments On his weekly podcast, Andy Hoffman discusses the COMEX, zero interest rates, gold and silver. 7 Comments kaiser sousa on September 25, 2014 at 4:43 pm Andy – just wanted you to know how much you and the other CIG & Silver A’s are appreciated…stay strong and long real money…l know you like myself will… cheers. Andrew Hoffman on September 25, 2014 at 4:52 pm Thanks for the kind words! a Simon on September 26, 2014 at 4:59 am Hey Andy I follow a lot of economic stuff, right across the board, all notable names like yourself and I now have a real understanding beyond economics of what this all means and is leading to. I have been through all the major 7 emotions of impending death with Precious Metals/Economies…Anger, denial, bargaining right through to acceptance My issue is, I am currently broke having had to pay down all my debt to zero…and I am currently without a job. I don’t have any surplus income to buy the Silver I need but I am working on that. In your personal opinion, regardless of variables of income, future lifestyle expectations etc what is a level of physical that one should keep? I was thinking 25Kgs, circa $15,000 worth. But in todays terms of ‘fiat monetary’ holdings, that doesn’t sound much even if you factor in a potential growth rate factor of x5…BUT…25Kgs is a lot of bulk to carry in times of need. I’m looking for that ‘relief’ level where I am mentally, comfortably ‘Insured’, and a target to aim for to keep me focused. Other than saying ‘as much as possible’ or ‘as much as you can afford’…whats your private opinion? Regards, Simon Andrew Hoffman on September 26, 2014 at 9:00 am Simon, I sympathize with your stress; and trust me, I have plenty of my own. However, I’ll start by saying that in having no debt, you are better off than 95% of the nation, which is great. As for how much PMs to own, it is entirely up to your level of comfort; constrained, of course, by your finances. Just as having no debt puts you in a better position than the vast majority, even a modicum of PMs protects you more than the rest. a jeff on September 26, 2014 at 11:27 am Hey Andy, A while ago, you said due to outstanding money supply, both paper currency, and treasury bonds, that you estimate the current price of silver should be in the $1,000-$4,000 range, in a free market, just based upon the government figures. Does that take into account 100 to 1 manipulation, and derivitives? Thanks Jeff Andrew Hoffman on September 26, 2014 at 3:43 pm Jeff, That number only grows larger, with each dollar printed. There’s no “accounting for” derivatives, this is just the amount of dollars purported to have been printed divided by the amount of gold purported to be owned, with an arbitrary gold/silver ratio of between 5:1 and 15:1. a Todd E. on September 26, 2014 at 12:32 pm Thanks for keeping the faith, Andy (and Bill and David). MF’s blog is my first and most frequent stop for financial common sense.