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I love these tables from Andy Hoffman. Who says that gold is no longer a “safe haven?”
Tuesday Afternoon Wrap-Up 4/16/2013
When the Cartel desperately attacked PAPER PMs in late 2008 – to prevent them from being viewed as safe havens – my portfolio was essentially 100% mining stocks. Thus, I was completely vulnerable to their PAPER games; and if not for perseverance, additional risk-taking, and a bit of luck, would not be here writing today. However, this time around my liquid assets are 100% in PHYSICAL gold and silver; and thus, I have my “net worth has barely declined…
…particularly as my “junk silver” is trading at essentially the same price in the REAL, PHYSICAL world as last week – amidst a MASSIVE industry-wide shortage at today’s fantasy PAPER prices…
TPTB can suppress the PAPER market all they want…
The gold price crash is further evidence of market rigging
Continue reading the Tuesday Afternoon Wrap-Up
Andy Hoffman also e-mailed me this message last night:
Subject: tightness creeping into gold
US Mint sells Record 63,500 Ounces of Gold in one day
Looks like we’ll BLOW AWAY January’s RECORD sales…
[Many dealers] now SOLD OUT on 1 oz. gold Krugerrands, Maples, Pandas, Mexican Peso 1.2 oz. coins.
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2013-04-18 10:49:57
Source: http://blog.milesfranklin.com/take-a-look-at-these-tables