Andy Hoffman says he's sold all his silver

[sixgun]

Andy Hoffman was one of the uber bulls for precious metals, especially for silver. If you have followed youtube precious metal videos you will very likely have come across him. He says he has sold all his silver this summer.

Andy Hoffman was with the US precious metal dealer, Miles Franklin. Of late he became pro-cryptocurrency. So much so Miles Franklin sacked him.

http://thedailycoin.org/2017/08/23/important-message-david-schectman/

So i would guess Andy is pretty upset. It a fit of peak he may have sold his "1000's of pounds of silver."

Does he have a point?

[sovereignsteve]

1 minute ago, sixgun said:

Does he have a point?

I doubt he will have any more of an idea now than he did before. These "experts" spout off as though they have insight and knowledge but they're just shooting in the dark like everyone else.

[Scuzzle]

When he worked for a silver bullion company it was nothing but ,silver, silver and only silver will see you alright.  Now he's left them and is working for himself his rhetoric has changed to cryptos.  It does make you wonder how objective peoples views are when they are vested interests.

[HawkHybrid]

is andy hoffman saying that silver is no longer undervalued

because we will have crypto's? does cryto's mean there is

no longer a shortage of silver for industry, investment etc?

looks to me like he's just following trends once they've

already started.

 

HH

[Moi]

There's Only one Hoff worth listening to.

[sixgun]

At the end of a bear market [almost] everyone has thrown in the towel. The silver market bottomed a little while ago but i thought it was interesting one of the biggest silver pumpers was basically saying sell your silver and buy BTC. i looked to see if Miles Franklin had given him the boot and was not surprised to find he was no longer writing for or promoting them.

i hold some cryptocurrency but most of my chips are in precious metals. For me i see the way forward is a marriage of precious metals and cryptos. This will re-monetise precious metals. i predict this is as near as a few weeks away.

[onlyroadtoheaven]

17 minutes ago, Moi said:

There's Only one Hoff worth listening to.

Completely agree. This one is a particular classic ...

 

[Pete]

No different to a Timeshare salesperson - full of sh*t but optimistic during the sales process.

[Moi]

25 minutes ago, onlyroadtoheaven said:

Completely agree. This one is a particular classic ...

 

Unparalleled talent. 

[Kman]

It's just so much easier for the normal person to store, move around and sell off 20oz of gold in savings than 1500oz of silver 

Physical silver being so cheap kind of works against it atm