Andy Hoffman joins Jason Burack of Wall St. For Main St. to discuss the gold and silver markets, manipulation of the markets, problems gold and silver miners are experiencing and inflation vs deflation.
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Andy,
I know Jason personally, happy to hear you on his podcast.
I’ve tried to use the information you present about manipulation to Dan Norcini, but he’s been nothing but rude and dismissive towards anyone that challenges him.
This is from his piece today:
“Many of those who oppose my current outlook on gold will bring up the fact that the cost of many basic items seem to be going up and that this is evidence that inflation is present. They also maintain that the rise in prices is threatening the middle class and its way of life. They cite that as a reason to buy gold – to protect their purchasing power. I will only comment on this insofar as to say, that for the last few years, gold has been a pathetic investment to “protect one’s purchasing power”. The metal has collapsed in price from $1900 all the way to its current price of $1250, much like the vast majority of individual commodity prices have collapsed lower. What is so sad is that many of those advocating such things are generally much more in tune with what is happening in the broader global and national economy that the average Joe and Jill, who stuck with stocks and did nothing. The latter looks like investing geniuses while the former look like dolts. It is said that “Ignorance is Bliss” ( a saying that I personally do not ascribe to ) yet in their case, it sure seems like that is the truth!”
Matt,
No offense, but I refuse to read anything Norcini says. To say I am “not a fan” is an extreme understatement, as anyone that actually TRADES gold and silver and says it’s not manipulated is either clueless or has another agenda.
a
No offense taken at all. I agree with you 100% and am staying away from his site from here on out.