TSXV:SLX.P - Post by User
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Bogapeton Apr 24, 2011 7:22am
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Post# 18479173
Ted Butler...what is really rare?
Ted Butler...what is really rare?Someone here mentioned Ted and his wisdom. Not a self promoting hack like Morgan - for Ted it's ALL about Silver!
TB - 2/11
In both my previous(Phoenix Silver Conference) speeches here, I highlighted the differences between gold and silver; about how, over the past 70 years, the world’s above ground inventory of silver bullion had fallen by almost 10 billion ounces to one billion ounces today. And how, over that same 70 years, the world inventory of gold had doubled to 5 billion ounces. This was an almost unbelievable transformation - from a situation where world silver inventories were much larger than gold, to a circumstance where gold is much more plentiful than silver. I made the key point that less than one tenth of one percent of the world’s investors were aware that silver was rarer than gold, and as the true facts came to be known, it would be reflected in silver outperforming gold tremendously. That outperformance of silver compared to gold appears to be kicking in.
Link to entire speech and archives of past Butler commentary.
https://www.investmentrarities.com/ted_butler_comentary03-23-11.shtml