Andy Hoffman speaks with Elijah Johnson of Unconventional Finance and answers your questions.
6 Comments
Howard
on July 19, 2012 at 7:29 pm
No one lays it out better than u Andy , I’m being serious , ur rants r so well said and so easy to follow. 15-20k gold eh ? What would that mean for silver ? Considering there’s even less of the stuff and industry needs it. These numbers seem almost silly to talk about right now. I am a firm believer both metals will go up but those r big numbers u mentioned… Wouldn’t defaults play a roll in money destruction ? U can’t assume all M2 money will flow into metals… Anyways good rant as always , look forward to the next one 🙂
But $15k-$20k gold (and $1k to $4k silver, based on a gold:silver ratio of between 5:1 and 15:1) are not “price targets,” per se, but EQUILIBRIUM VALUES based on the amount of OVERTLY published money (the “Adjusted Monetary Base”) and the (bogus) 8,133 tonnes of gold the U.S. government says it has (it doesn’t).
Further, those numbers will continue to rise with each dollar printed. In a “QE to Infinity” world, hyperinflation – and infinite prices – are the END GAME…in a SCARY WORLD.
Andy
David Johns
on July 20, 2012 at 10:01 am
If gold is so great, why has it been dropping for the past 12 months?
RANTING ANDY
on July 20, 2012 at 10:28 am
Gold is UP this year, and was UP last year.
bob
on July 23, 2012 at 8:01 pm
Nice interview Andy. I’m glad you saw fit to wrap it up in time for Elijah to go ride his bike. It’s nice to see someone like yourself talking about the “point of no return” Some writers actually believe we might get out of this global collapse. The real pain these greedy men are about to cause the world—there can be no fit punishment. Public televised hangings/firing squad perhaps comes close. I get VERY angry. Perhaps America will wake up just as mad—and broke. Thank you Andy——————-
No one lays it out better than u Andy , I’m being serious , ur rants r so well said and so easy to follow. 15-20k gold eh ? What would that mean for silver ? Considering there’s even less of the stuff and industry needs it. These numbers seem almost silly to talk about right now. I am a firm believer both metals will go up but those r big numbers u mentioned… Wouldn’t defaults play a roll in money destruction ? U can’t assume all M2 money will flow into metals… Anyways good rant as always , look forward to the next one 🙂
Howard,
Thanks for the kind words, much appreciated.
But $15k-$20k gold (and $1k to $4k silver, based on a gold:silver ratio of between 5:1 and 15:1) are not “price targets,” per se, but EQUILIBRIUM VALUES based on the amount of OVERTLY published money (the “Adjusted Monetary Base”) and the (bogus) 8,133 tonnes of gold the U.S. government says it has (it doesn’t).
Further, those numbers will continue to rise with each dollar printed. In a “QE to Infinity” world, hyperinflation – and infinite prices – are the END GAME…in a SCARY WORLD.
Andy
If gold is so great, why has it been dropping for the past 12 months?
Gold is UP this year, and was UP last year.
Nice interview Andy. I’m glad you saw fit to wrap it up in time for Elijah to go ride his bike. It’s nice to see someone like yourself talking about the “point of no return” Some writers actually believe we might get out of this global collapse. The real pain these greedy men are about to cause the world—there can be no fit punishment. Public televised hangings/firing squad perhaps comes close. I get VERY angry. Perhaps America will wake up just as mad—and broke. Thank you Andy——————-
Bob,
Yep, many believe that saying “if we just do this, things will get fixed” will get them more attention. And still more actually believe such BS.
As for ending quickly, I myself am a HUGE bike rider, so I can empathize!
Andy