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Andrew Hoffman-Gold & Silver Record Demand-Supply Falling
Andrew Hoffman of MilesFranklin.com says, “You have the polar opposite in the oil business as you have in the mining business right now. You have a relentless amount of supply that is on stream and coming on stream for oil. . . . So, no matter what the price, you are going to see more and more supply come on. In gold and silver mining, you have record demand right now, and yet you are going to see supply fall at infinitum. There have been no discoveries for the past decade. There has been no capital spending for the past decade. So, I think you are going to see plunging oil demand and surging supply. Gold and silver will be surging demand and plunging supply. When it comes to silver, there are almost no inventories to start with. So, you are sitting in very desperate situations on both ends that I think it’s pretty clear economic Mother Nature is going to resolve. . . . We are talking about an extremely tight supply/demand balance in gold and silver right now. . . . It’s hard to believe that with all the things going on in the world such as geo political tensions, the threat of the euro falling apart and the collapsing U.S. economy, it’s hard to believe we will be sitting here 10 months from now, and they still will have been able to keep prices down.”
Join Greg Hunter as he goes One-on-One with financial writer Andrew Hoffman of Miles Franklin, the company that specializes in precious metals and global investment strategies.
http://usawatchdog.com/greece-will-default-calamity-follows-andrew-hoffman/
Source: http://silveristhenew.com/2015/02/17/andrew-hoffman-gold-silver-record-demand-supply-falling/
