Dec 24, 2012
Ranting Andy Hoffman was back for a pre-Christmas rant. He's unflappable as usual and has no fear about where the metals prices are headed. He's taken as much money out of the banking system as possible and is always seeking ways to further minimize his participation. Eventually, we'll all reach a point where it's just not practical to reduce our paper holdings any further. And that time is probably not too far off into the future. We're getting to the point where controlling the precious metals prices will just not be possible or desirable. Especially, when famed silver trader Andrew Maguire says that premiums between the paper and physical markets are going way up.
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