A2A with Andy Hoffman of Miles Franklin


Today's Access2Access webinar guest was Andy Hoffman of MilesFranklin. A terrific bunch of questions were asked and Andy did his usual terrific job of clearly and concisely answering them. Be sure to carve out some time and give this a listen.

During the presentation, Andy mentions an article he wrote about three weeks ago called "The Most Important Article I've Ever Written". You definitely need to read it and it can be found here: https://blog.milesfranklin.com/the-most-important-article-ive-ever-written

Additionally, if you've never utilized the services of MilesFranklin, their website can be found here: https://www.milesfranklin.com



Sep 19, 2013 - 1:37pm
Sep 19, 2013 - 1:51pm

First after Turd

My lucky day, I will convert some fiat to hard assets to celebrate


Sep 19, 2013 - 2:01pm

Also ran

Who remembers second place? Anyone? Bueller? Bueller??

Sep 19, 2013 - 2:02pm


cool. took a few more ASE's off the market yesterday, low price sale...

Dyna mo hum
Sep 19, 2013 - 2:07pm



Sep 19, 2013 - 2:07pm

gold taxable?

Is gold in the US taxable? Canada and Britan it is tax free for 99.999

Sep 19, 2013 - 2:08pm

Can we get the other Andy on next time?

Today was great and I love Ranting Andy, but the goons still seem to be firmly in control of things today. I'd love a chance to ask Andrew Maguire some questions about his strategies with the whistleblowers as I see this as the biggest potential accelerator to the end of cartel control that we might be able to influence.

Sep 19, 2013 - 2:34pm

Great Job Turd!

This week you expressed your frustration about some negative comments about your subscription service, and, is this all worth it. This interview is a perfect example why I believe this service is worth every penny. Your contacts in the PM community and providing us access to these people is very valuable. I believe your ability to provide a stream of quality guests, the site acting as a news aggregator, and the informative comments from you and the posters, will make this the best PM sites available.

Thank you for your efforts.

Down Range wildstylechef
Sep 19, 2013 - 2:42pm

Gold Tax

In my state we pay sales tax, 7.75% on all metals.

When/if selling there is no capital gains or other taxes on ASE and AGE, but on other forms there is.

Sep 19, 2013 - 2:45pm


tax on sale of gold depends from state to state, in Cali if you buy there is sales tax under $1500 total sale value, but above it is tax free, other states vary, there is no national tax, but profits on sales are treated as regular income unless they were through an ETF or other investment vehicle

Sep 19, 2013 - 3:45pm

Solid Webinar Today Turd

You make it real hard to not look for something to give up to open the vault.

Great questions and Andy's answers were clear and concise.

Well done

Sep 19, 2013 - 3:57pm

I don't comment much but I've

I don't comment much but I've been lurking on the site for years. Just wanted to say great content. These interviews really make the subscription worth every penny plus the interactive element of fielding questions is fantastic. Hope you do more of this - brilliant.

Sep 19, 2013 - 6:04pm
Sep 19, 2013 - 6:18pm


Thanks very much for this podcast, I enjoyed it very much!

Big Dutch
Sep 19, 2013 - 6:36pm

Manipulation & Algos: My Tinfoil Hat Overheating

There's been a few comments in the last 24 hours about gold tickers never resetting yesterday. Bloomberg, Yahoo, my own trading platform, Google finance, APMEX, and all the other apps on my phone never reset gold price from yesterday, so in spite of showing correct price they showed incorrect increase/decrease data for today. They've all reset now after a flat day in gold.


Was this done to fool the computer algorithms for automated trades today after busting 100 day moving average yesterday? Think about it.

Sep 19, 2013 - 6:39pm
Be Prepared
Sep 19, 2013 - 7:20pm

Thanks Turdmeister!

TF, great job bringing "Ranting Andy" over to Turdville to discuss his thoughts about the PM market. Nothing really surprising, but it's always good to hear another perspective. It was interesting to hear about the sales volume difference between the U.S. mint and their shop for the summer months.... silver going east. :-)

Sep 19, 2013 - 7:39pm

you bet

any guy with a "ranting" nom de guerre has to be a good listen, yeap, you bet!!

2005 Gata, I doubt he remembers me from back then there.

Sep 19, 2013 - 7:43pm

America is bankrupt. Full stop.

From my cluttered inbox to yours.

Similar to Turd’s message.


America is a cesspool of debt in which bubbles financial instability that is fueled by a political system redesigned to reward corporations, lobbyists and politicians at the expense of the people. The sooner Americans accept the reality that this version of indebted, corrupt America is a turd [ NOT referring to our beloved TFMR guru ], the sooner they will begin making the savvy decisions necessary to protect their wealth and their personal prosperity.


Our tax revenues – basically America’s paycheck – are about $2.7 trillion annually. So, our debt-to-income ratio is 4,660%. Tell me: If you’re earning the median income in America of $52,100, and your household debts exceed $242.6 million (a debt-to-income ratio of 4,660%) are you bankrupt? Or is everything at home going swimmingly well?




Sep 19, 2013 - 8:18pm

The Asian-Pivot Continues: Island Hopping

US tiny islands for military use in Asia-Pacific pivot?

The U.S. Department of Defense says it is rebalancing military forces in the Asia-Pacific region. In line with this, it is proposing to increase its joint military training capabilities by developing live-fire ranges and training areas on Tinian and Pagan, some three-quarters of the way between Hawaii and the Philippines. Tinian and Pagan’s use will address the U.S. military’s unit-level and combined-level training deficiencies in the Western Pacific. Training areas in Guam, also a U.S. territory, are already being used to capacity....Read More
No Wonder China is Nervous as Obama Pivots

Syria, Turkey, Israel and a Greater Middle East Energy War Preparations for regional war by Thierry Meyssan

Both the United States and France are busy with preparations for the bombing of Syria, although such action corresponds to no strategic objective for either state. Russia and the Axis of Resistance are therefore preparing their riposte. The major difficulty consists in transforming this agression into a regional war while avoiding the Third, (and final?) World War. Whatever happens, if they engage in war, the Western world will have to deal with a long and wide-ranging conflict like nothing they’ve experienced since Vietnam.

Voltaire Network| Damascus (Syria)

| 9 September 2013

• If the United States chooses to attack Syria, it would not be to « punish the régime » for a crime it did not commit, but to overthrow it, just as it did in Libya. The war would have no meaning unless it goes all the way, because its only aim would be to maintain the status of the United States as a super-power, capable of destroying anyone they choose in defiance of the United Nations Charter.

From this perspective, the attack would be a simple reproduction of the Libyan operation – ships and aviation would bombard all of Syria’s political and military infrastructure until they are completely destroyed, and then a column of several hundred Saudi tanks, piloted by « Syrian opposition forces » recently recruited in refugee camps, would occupy the capital.

However, unlike Libya, the United States would have to confront a regional alliance, the Axis of Resistance, which includes Iran and several non-state powers of varying sizes, including the Hezbollah and the Islamist Jihad. Bombardment from destroyers positioned in the Mediterranean may prove impossible because of the presence of the Russian fleet along the coast-line. Tomahawk missiles would in fact have to fly over the Russian fleet without being perceived as a threat, in order for the Russians to allow them to continue on to their targets. The Pentagon may therefore decide to fire from the Nimitz group in the Red Sea, sending its missiles through Saudi and Jordanian air-space. This would in fact constitute an act of war by Saudi Arabia and Jordan, which would lead to a riposte against them by the Axis of Resistance, in the form of an immediate popular uprising. The United States may also use their aviation in the same conditions as bombardment from the Red Sea. However, they would risk losing men and material to the Syrian anti-air defences.

Once Syria has been destroyed, a column of several hundred Saudi tanks, presently stationed in Jordan, would roll in to « liberate » the ruins of the capital. In anticipation, the Saudi Deputy Minister for Defence has ordered the recruitment of Syrians from the refugee camps in order that some of the tanks will be seen to be manned by « crews of Syrian revolutionaries ».

The allies of the United States will be asked to participate in the aerial operations. To facilitate this participation, France has already positioned its planes and sent units of the Foreign Legion to Jordan.

This plan relies on the hypothesis that there would be no direct intervention by Russia, and that the riposte by the Axis of Resistance would take too long to influence events. But if these conditions are not met, the war would immediately become a regional affair, and could degenerate into the Third World War.

• In the other camp, both Russia and Iran hope to avoid a confrontation with the United States, but are preparing for it in case. The Russian plan consists of supporting the Axis of Resistance so that non-state elements and Syria can inflict important losses on the allies in as short a time as possible. From this perspective, the Russian military command has organised liaisons with Syria, Iran, the Hezbollah and other Iranian « forward positions ». Iran will try not to enter into war immediately, instead using the force of these « forward positions ».

Russia seems to oppose the idea of a riposte on Israël, which is home to a million ex-Soviets. However, it may easily be considering support for revolutions in Saudi Arabia and Jordan. Nonethless, the greatest difficulty will be situated elsewhere – wide-ranging attacks on US interests in the region, including US military bases, by non-state groups. This may not exclude attacks against US and French interests on their own territory.

From this point of view, Iran has on the one hand banned any form of provocation during the present crisis. As a result, the international summit meeting of anti-imperialist intellectuals, which was to be held in Teheran, has been cancelled. On the other hand, its armed forces are preparing for a regional upheaval. The Guardians of the Revolution have sent instructors to all their « forward positions ».

In Lebanon, the Hezbollah has openly.....(more)


Dyna mo hum
Sep 19, 2013 - 8:59pm

Holding a beach ball under water

Who is to say that the evil empire will not hold silver in a narrow trading range say $3 up and down?. They shave what they can as needed. CFTC or not the game will go on until it does not. Money talks and bullshit walks.

Sep 19, 2013 - 9:56pm


How better to punish a regime than to over throw it? This is like Andy saying "for no reason", not that they are totally wrong, or totally right, they just have a perspective, for whats it worth.

So lets have some fun, thinking totally out of the box, as a hypothetical. The US goes to China and says, lets end the cold war on the peninsula and WWII in Formosa, and force Formosa and north Korea into public referendum, to wit, integrate with south Korea, and integrate with China, with 2/3 majority? Could you imagine the political pandering? That would out do our gang of four, in the greatest battle for hearts and minds, civilly, of all the ages.

DEF LEPPARD - "Rock of Ages" (2012) - Lyric Video‬
Sep 20, 2013 - 1:34am

Is the fake silver market's price index also, uh, . . fake ?

Are we really supposed to believe that the BLSBS numbers, GDP data, CoT reports, banker trading positions, shorts, longs, blah blah blah, and etc etc.. all come together to give us what we see as the real time silver price index? Really?

Why was the fake silver market even created in the first place? It wasn't a place to go trade actual silver.

It's a total propaganda tool, created to control the public's perception of the monetary nature of silver(Real Money) and thereby perpetuate the fraud of the fiat currency(Fake Money). You think they're going leave that to chance or a group of variables? Of course not.

More likely, they program the silver price highs and lows into the software and off it goes, zig-zagging throughout the day. Got some completely irrelevant data point coming out at 2? No problem, just set whether or not we're going to spike up or down, how far, and how long to recover back to the preset range, annndd 'click'... TOO EASY! And if the program spikes the price up even before the data is announced (OOPS!)... no biggie, just say that somebody must have been tipped off.

Do we know exactly how Bernie Madoff generated the fake monthly statements he sent to his clients? Nope. Do we exactly how the silver price index is manufactured? Nope. Do we know who really recorded the Milli Vanilli hit "Girl you know it's true"?... well, at least we could google that one, but it wasn't Milli and Vanilli, lol. The point is-

The whole silver price index thing is fake. Like the monthly statements Bernie Madoff used to mail his clients. Unemployment could be reported at 92%(it won't be), and the Dollar index could drop to 40, for example- but if the bankers running the silver market index think that $21 to $24 silver is their best play, then the little green line on the kitco chart is going to zig-zag up and down between 21 and 24.

The real monetary metallic element Silver is returning to it's monetary role. Not in the fake silver market, but in the hearts and minds of the people of the world.

A few months ago, the fake silver marketeers tried to slow silver demand by running the little green line down to lower numbers. It had always worked before, but this time demand increased!! And soon they will probably be forced to run their little green line to the upside just to remain relevant. And when they do, they will claim that the big price moves are "market related", but you know they are not. This is probably why we're suddenly hearing about these two whistleblower yahoos from the big bank... who strange as it may seem are both anonymous, and covert whistleblowers... didn't know there was such a thing.

Silver is the linchpin to the whole World Fiat Currency cart of fake money power, so get ready for more and more crazy political and economic distractions.

The Silver driven events on the horizon are monetary events (not market events) and Silver is real money. Silver is returning to it's monetary role, and we are about to witness some serious power. In fact, the markets have thrown all pretenses of legitimacy out the window, and bankers are already jumping ship (the London bros. are now hoarding physical!!), and real Silver hasn't even gotten started yet. It is going to get "Epic" as the kids say. (all the paper markets will end before any currencies end, expect the little green line artists to zig-zag until the end)

This was the best webinar we have had thus far, TTM included... imo. And great job to the Turd at running the show. Almost cheered when Andy said that Only Silver and Gold are Money!

Hope everybody is out of the paper or has an exit strategy and is stacking at every opportunity.

Wonder which metals blog will be the first to make the case that the little green line is nothing but a Gameware driven, Madoff printed, Milli Vanilli sounding farce?? I hope it's ours!

end ramble

Missiondweller wildstylechef
Sep 20, 2013 - 2:38am

@wildstylechef Re Taxes on gold in US

In the US, gold is considered a "collectible" by the Internal Revenue Service. Its taxed (when/if reported) at 28% irregardless of the holding period (no short vs long capital gains).

Coin dealers only require reporting of gold sold above a certain amount. $10k perhaps?

Maybe someone else knows the amount. I've never sold!

Sep 20, 2013 - 6:31am


What a corrupt organization. All these admissions to wrong-doing, and it just seems like a kid with his hand in the cookie jar; telling his mom with his hand still IN the jar"but I didn't mean to do it, and I won't do it again".... but refuse to remove the hand.

Disgusting, isn't it!

But no mention of PM manipulation, hmmmm,, couldn't be thought, only crazy blogosphere people would think that, right!


Sep 20, 2013 - 6:42am


So, the CBs switched from net sellers to net buyers of gold, about 2008, not sure. The screeches are that the fiat system will implode when the alternative rockets as the western banks run out of gold. How do you run out of gold being net buyers? :o

The Rolling Stones - Harlem Shuffle - OFFICIAL PROMO
Video unavailable
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  2. Gold Traders Most Bullish in Three Weeks After Fed: Commodities

    Bloomberg Sep 19 06:37pm Gold analysts are the most bullish in three weeks after the Federal Reserve’s surprise decision not to taper stimulus increased demand for bullion as a hedge against accelerating inflation and currency debasement.
  3. Gold Miners Still Trying to Dig Out

    TheStreet.com Sep 19 07:37am NEW YORK (TheStreet) -- Gold futures and shares of gold-mining companies took a sharp turn higher Wednesday after the Federal Reserve surprised the market by announcing a continuation of bond purchases, currently at $85 billion a month. The Market Vectors Gold Miners ETF , which tracks shares of gold miners, climbed almost 9%, while the widely followed SPDR Gold ETF , which is backed by physical ...

Gold made Yahoo top 10 trending list ... Currently Battling with Cher for the Number 6 position, .... :o

Sep 20, 2013 - 7:04am


Thank you for that terrific comment, and I agree wholeheartedly!

Sep 20, 2013 - 7:13am

What else,

constitutional plain language interpretations, counterfeitting money with printing press, manipulating and rigging markets, Moral hazards and slippery slopes, enslavement as tax mules and dependents, What else do you expect from totalitarian rule?

John Mellencamp - Crumblin' Down
Sep 20, 2013 - 8:36am


The $600 reporting of gold and silver was repealed from the affordable care act. The type and number (total weight) of gold and silver will determine the issue of a 1099b to the IRS. As of now any number of gold eagles, gold buffalos, or silver eagles can be bought or sold without the issue of a 1099b. If you buy or sell foreign gold, silver rounds or bars their is reporting depending on the number ( total weight) of tranaction .Hope this helps.

Sep 20, 2013 - 9:19am


The point about the Chinese reading your blog is interesting. Of course they could have people in the US, however I was wondering if you see any Chinese IP addresses?

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