by SGT, SGT Report.com:
Former SGT Rpeort regular Andy Hoffman has completely capitulated on silver which eh once referred to as the best investment one could make. He has told Crush the Street that over the summer he sold his entire position of physical silver and now holds only gold and Bitcoin. I'm officially calling a bottom. There's no where for silver to go no, but higher.
Also, close call today near the former Rothschild estate Waddesdon Manor where a still unexplained helicopter-airplane collision killed at least three people. QAnon will most surely have a forthcoming comment about this "coincidence".
And lastly, a word about those CME Bitcoins futures...
Thanks for tuning in & UPvoting!
I’d have to agree with Andy. Silver and gold are going to go no where. And you definitely aren’t going to see the gains your seeing in the crypto world. Some of these coins are going up 2 or 3 times in a matter of months. Is silver going to go up 2 or 3 times in a matter of weeks or months? I say no. The big banks have both gold and silver capped. And they will continue to do so. I sold a lot of my silver this summer as well. And my moneys parked in crypto. A year from now I say several of my crypto holdings will have more than doubled. Silver will still be languishing. It may move up from here. But I don’t see big moves for it.
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Interesting Sean, selling all his silver seems like he is frustrated . It's better to own both PMs and Cryptos
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I've bought some silver at 14USD in 2013, mostly because of you guys.
Although my crypto holdings performed much better in this timeframe, I dont regret about that desicion. There should be some backup plan in case internet shuts down.
Thanks for your work and your ideas.
My upvotes are always at your side!
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People create these ratios, formulas and calculations and try to justify something to themselves. Instead, I personally believe we should own something like precious metals to maintain value over long periods of time (Through generations). Just own some. Gold and silver. What ratio? Whatever you want. Don't be some scientific about it.
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I'm not selling ANY of my physical metals! In that clip though Andy was referring to the reversion of the silver to gold ratio never returning to the historical norms of 15, or 12 to 1. I think he'll be proven wrong. Eventually.
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Hope faster than in 50 years
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Thanks for sharing, enjoy the vote!
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It seems that not only has Andy Hoffman has been talking BS about Silver for years he now wants you to pay to listen to his BS about Bitcoin.
TBH his MoneyGPS interview was terrible. He's obviously a small block backer but IMO we're too early in the game to tell who will win. Therefore his is giving out bad advice..... Just like he did to Silver bugs.
If the Silver market is rigged (which it is) why advise people to buy silver as in any rigged market it is always the small amateur investor who gets screwed whilst those doing the rigging make off like bandits.
This is obvious to anyone with a normal IQ.
Gold, silver, stocks and bonds are all rigged. Buy Bitcoin.
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Bitcoin will be rigged too with CME and others in game.
You need to go deeper in crypto to stay in fair market. To those tokens which are less correlated with bitcoin and trade mostly for fiat. Ethereum should work, steem too.
Bitcoins go mainstream. Not in terms off adoption but in terms of manipulations.
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I hope Clif is right. I want to see these financial riggers come undone.
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