by: Anthony Wile
August 5, 2012
The Daily Bell is pleased to present this exclusive interview with Andy Hoffman (left).
Introduction: Andrew (“Andy”) Hoffman, CFA joined Miles Franklin as marketing director in October 2011. For a decade, he was a US-based buy-side and sell-side analyst, most notably as an II-ranked oil service analyst at Salomon Smith Barney from 1999 through 2005. Since 2002, his focus has been entirely on precious metals, and since 2006 has written free missives regarding gold, silver and macroeconomics under the moniker “Ranting Andy.” Prior to joining the company he spent five years working as an investor relations officer or consultant to numerous junior mining companies. An archive of Andy’s “RANTS” can be found on the Miles Franklin Blog.
Daily Bell: Hi. Biographies about you are hard to find. Give us a sense of where you came from, how you ended up at Miles Franklin and what you do for them.
Andy Hoffman: I guess it’s because I’m so SECRETIVE. Just kidding. I’ve been writing publicly about precious metals for nearly a decade and am very candid about my beginnings. I’m from Long Island, New York but moved to Denver five years ago. I received my CFA 15 years ago, and worked on Wall Street from my first internship at Paine Webber in 1989 until I left the business for good in 2005. I was a bond broker at Cantor Fitzgerald for three years, a buy-side analyst/trader for two years and a sell-side analyst covering oilfield service stocks for seven, the last six at Salomon Smith Barney, where my team was one of the industry’s top-ranked for four straight years.
Fed up with Wall Street’s corruption – which I experienced first-hand at Salomon and its parent, Citigroup, and already 100% invested in precious metals (since 2002), I worked as an investor relations officer or consultant to several dozen junior miners for five years. All along (starting in 2003), I was writing FREE missives helping to educate people on the COLLAPSING global financial system, with my “Ranting Andy” moniker coined by Bill Murphy of GATA circa 2009.
In 2011, Miles Franklin’s founder – David Schectman – came across my writings and asked me to join his firm – one of the nation’s largest bullion dealers – as head of marketing. It is my calling in life and I love every aspect of the position.
Daily Bell: As director of marketing are you wedded to the idea of honest money or are competitive currencies a good step toward private monetary freedom?
Andy Hoffman: As noted above, I have been 100% invested in the sector since 2002, and over the past few years have converted ALL my mining shares to PHYSICAL bullion. It took me this long to fully understand that ONLY PHYSICAL gold and silver meet the criterion of “money,” as PROVEN by the fact that EVERY fiat currency in history has collapsed. Today will be no different, other than that we are in the ONLY period of history where ALL currencies are fiat. Thus, the implosion will be cataclysmic.