On Friday, October 10th, Andy Hoffman will be participating in the Rory Hall’s “Internet Rodeo” podcast, featuring an all-star panel of Precious Metal experts featuring Andy, Claudio Grass of Global Gold (Miles Franklin’s European storage marketing partner), Turd Ferguson of TF Metals Report, and the “Silver Doctor.” The format will entirely consist of reader questions to be submitted in the comment section underneath the below video. The deadline for submission is Wednesday, October 8th.
Q&A submission for Andy Hoffman’s Upcoming "Internet Rodeo" All-Star Precious Metals Panel
by Archive Writer | Oct 6, 2014 | Interviews and Appearances | 8 comments
When will it end (the beat down in PMs)? Please – no more, “It will end when it ends”, “When physical trumps Paper”, “When the BoyZ give up” etc.. How about some Opinions/Guess on the panels part. Pick a date that Silver goes over 20, right/wrong/close – no lynch-mob will come after you (after all it’s NOT a prediction on your part). My guess is May 20,2015 – what’s yours????
Sorry, but a fruitless exercise in rigged markets. Best I can say is “sooner rather than later,” particularly at prices well below the cost of production. Remember, gold and silver have intrinsic value, well above the current prices.
Andy, I think Ron meant this as a question to the panel at the rodeo.
Can we be absolutely certain that the Rothschild Cartel does NOT have its tentacles into China?
Pure conspiracy theory, with not a shred of proof. For that matter, what the heck is the “Rothschild Cartel?”
Just focus on the facts, and you’ll be able to protect yourself just fine.
Let’s play Devil’s Advocate for a minute. Japan has been in an economic malaise for 20 years, with similar problems that currently face the US economy. We have only been down this incipit QE path for the last 5 years with no relief in sight. What’s to say this won’t continue for another 5-10 years? Rigging the markets is nothing new, it has been going on for what – the last 10-20 years or so?. The cards in the deck are stacked against any correction to the rigging/corruption/manipulation scam being perpetuated.
Miners won’t complain – they don’t want a government clamp down on permits and other regulatory issues to affect future and existing developments and expansions. So they are out. The Government needs to have the PM’s suppressed so they can attempt to control the dollar & interest rates via the Fed. The Fed via the Central Banks/PPT and other minions manipulate at will and it’s gotten more blatant over the last 5 years. Since perception is everything, a strong PM market would be like a silver bullet to the brain of the Dollar and the Markets. The Government is not going to allow that to happen – period, dot, ditto, exclamation, done, finished, never! Unless of course the SHTF(Yah, what’s the odds of that – given the performance over the last 20 years or so- not good)?
It seems that most of the lather about the price manipulation/rigging of PM’s comes from North America, some UK folks. What about the rest of the world? Not much moaning and complaining as I see here, why is that? With a 2012 global personal wealth of 230 Trillion Dollars, why hasn’t for instance the silver market been corrected if it would only take 50 million or so to puke up the paper derivatives and let the physical market go where it belongs? ? That’s roughly .0000002 percent of the world’s wealth to fix the issue. To put that in perspective, if I make $50,000 – .0000002 of my wealth is around .00025 cents-WTF! Where is this stock of silver at that allows the demand for silver to exceed the physical supply over the last 5 years? Who’s pumping the physical on the market to keep the prices suppressed forget about the paper crap? I’m sure they will continue the farce until the above ground supply gets exhausted assuming the demand side stays strong.
OK, done ranting – I really follow all your writings on a daily basis. You do an excellent job of covering the situation in the PM markets. If I am bummed out, you must be 100 times more frustrated. I’m like a mini China – but I’m accumulating/stacking silver instead of gold (better ratio right now). I actually don’t care about all the above too much (although it drives me nuts). With prices where they are at now I will buy, and if they go lower I will buy, if they get to high I will stop. Perhaps the cabal will allow me to inadvertently reduce my price per oz personal ratio?
If I were a billionaire, I would take the system down in a heartbeat, simply because it’s the right thing to do.
Japan’s “demographic hell” (/demographic-hell), with a population a decade older than the rest of the world, caused their inevitable fiat currency bubble to collapse a decade earlier. Thus, they were able to build that debt while the rest of the world was still in decent shape. Today, the entire world’s demographics have caught up, and “peak debt” has been reached. The system is at its very end.
As for miners not complaining, they are too dumb to complain, and helpless to do so otherwise. It won’t matter a whit what they want, they will either be bankrupted NOW or nationalized LATER. This is why I wouldn’t touch miners with a ten foot pole. The risks are just to great, compared to the real thing.
And how do you know Easterners aren’t complaining about manipulation? I speak to countless people around the world about the topic. That is just plain wrong. The problem is not “Westerners” or “Easterners,” it’s that so few people anywhere understand markets, or the propaganda.