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overtheedge
Member since May 2012
680 commentaries - 6 followers

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The Ultimate Confirmation

- Theodore Butler - Butler Research

C'mon SW. Using the storage and transport issue you have tossed out would hold true for most all commodities; iron ore, wheat, pork bellies, oil, etc.
All of them are far more bulky than silver and have their own storage and transportation requirements.
6.6 tonnes and 0.63 cubic meters for the silver is easy to store and transport comparatively speaking.
Security is cheap compared to the $5 million paid for it.

I would argue that if silver is exclusively a monetary metal, then it isn't an investment (good or not) but rather it is insurance.
However if silver is considered as an industrial metal, then it certainly could be a lucrative investment in the long term.
If silver is considered as both, it could get interesting in the years to come.

The problem with most investments is that they aren't.
In the short term, they are all just legalized gambling.

I may not agree with Mr. Butler, but you gave him awful short shrift based upon a poorly crafted strawman argument.

Commented 3225 days ago

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Beginning of the headline :I’ve embraced one central theme for the past 30 years – that the price of silver has been manipulated lower on the COMEX. For a good part of those three decades I’ve exerted an intense effort in analyzing the actual supply/demand fundamentals of silver, including production/consumption trends and the resultant annual balance between the two, inventories, investment demand, etc. Those fundamentals indicate that the price of silver must increase dramatically in the future, making the manipulation... Read More

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