Something Big Is Lurking That Will Change The Precious Metals Market:Andrew Hoffman

x22report (75)in #economy • 7 years ago

Andy breaks down the precious metals market and explains why the silver smash crash occurred and how it is similar to the silver take down back in 2011. The economy is continually getting worse there has been no improvement all of the Government stats and the Fed stats are manipulated and are masking what is really happening in the real economy.

Andy is very bullish on the crypto market, he believes there will be many cryptos that will be beneficial and that one day it might even be the currency of the future. The Fed is continually tightening but this is not going to change much the economy is headed for a crash and we are seeing many indicators of this.

#cryptocurrency #gold #silver #recession

7 years ago in #economy by x22report (75)

$31.26

Sort:

Trending

[-]

djohan (66) 7 years ago

Great guest. Although a precious metal guy but he is open minded and not talking bad things about cryptos

$0.09

2 votes

[-]

artemisia (42) 7 years ago

Thank you, Dave! Andi Hoffman is one of my favourite guests :-)

$0.07

1 vote

[-]

thenextturn (36) 7 years ago (edited)

Good interview. The manipulations are now happening regularly - and the entire exercise is to extend the inevitable for as long as possible. It's that simple. There's only one end game: first some defaults, then more QE and hyperinflation. They are working hard to keep the market propped up, so don't get your hopes up on a sharp turn. Shore up your positions, but stay off the emotional roller coaster of anticipating major moves. There's a graveyard full of failed predictions from an array of prognosticators (Andrew Maguire, Clif High, and the ever wrong Bo Polny are a few that come to mind). It'll end when it ends. Might be days, might be years.

Cryptos are worth a look in the meantime. I disagree with the LiteCoin assessment. LiteCoin is much faster and will be more convenient to use than BitCoin - which will encourage adoption and may challenge BitCoin's primacy. The same goes for Dash and some others. They are all "mined" coins, which is the key feature that limits supply. Educate yourselves, and don't limit yourself to BitCoin. Hedge your bets and build a portfolio of "mined" coins.

$0.00

1 vote

[-]