Sunday, January 23, 2011

Ted Butler on Gold and Silver ETFs

This is from an interview with Ted Butler on Financial Sense Radio talking about the current silver demand and the potential for default of the gold and silver ETF's on the COMEX. This interview is dated 10-25-2008.Best to own physical silver and gold.I think the scam is coming to an end. People are going into PM Buy more gold/silver and hang on.. We are going to need it They're not taking it to free mkt level. Because of the COMEX will go bust and there is no way in hell they can survive in 2011. By end of 20110 is my prediction that COMEX will go bust. THey had isues delivery last April and got gold in the nick of time from ECB who sold tons of gold

What happened to the physical world? Everything now is paper and certificates!! I have 100 tons of firewood here for sale, but I can only sell you paper certificates! Winter is going to be coming soon and it's a good idea to invest early. I also have 500 gallons of oil certificates too and I also sell pigs that fly certifcates as well.

Silver, an alternative safe haven to Gold

Investing in silver, as an alternative safe haven to gold :
In times of crisis, Silver becomes an alternative safe haven for your investments. Silver is often viewd as a cheap gold . silver quotations were back at the highest since March 2008. Touched $ 29.5 per ounce on the London Stock driven by race to 'purchase mostly coming from the field of numismatics, but also by investors and by the jewelers, and from the industrial sector which is recovering from the crisis. The white metal is used for electronics because of its good conductivity even if it is less workable than gold. After 16 years of declines (1990 to 2005) in 2010 the race is back to purchase silver , CPM Group, author of the annual Silver Yearbook, estimates the reserves of silver in the world at 213.9 million ounces , exceeding that of 2009 of 209.7 million.

Silver Bullion Shortage? 1 Ounce Rounds in Short Supply Locally!

Silver bullion rounds are increasingly harder to come buy locally. Perhaps the Max Keiser buy silver crash JP Morgan is kicking in. I also think silver is in demand because people are starting to catch on that the paper money is in trouble. They are looking to protect themselves in case of an economic collapse, a dollar collapse or other financial crisis. Junk silver coins can be had locally, but how high will silver have to go before people start selling back there one ounce silver rounds? I think the junk silver coins will start to gain in popularity as the silver bullion gets hoarded.Silver is also an important catalyst in chemical processing.As far as getting it out of the ground, that will take energy which seems to be only getting more expensive.

i personally don't think the general public will immediately identify junk silver coins. personally i think that the 999 "labelled" silver will be more practical in a SHTF situation or collapse. there is a lot of fractional 999 silver around that could be better for those scenarios... but ANY SILVER IS GOOD ! like the videos and subscribed

Eric Sprott : The Silver Decade

David Morgan Interviews Eric Sprott

Gold was the investment of the last decade Silver is the investment of the next decade

Eric Sprott is very well informed. The 3 men he listed, Ted Butler, Dave Morgan and Jason Hommel are among the smartest guys in the room when it comes to silver. The only guys you could add to that list would be James Turk, Adrian Douglas and Mike Maloney. Thanks so much for the vid!

Silver in EUROs - The Silver Log (01.23.2011)

Silver in EUROs - The Silver Log (01.23.2011)

Ted Butler on unreported inventories that can come into the market

Ted Butler : Unless you have Superman’s x-ray vision and can see all the world’s vaults simultaneously, there is no way to know how much is left in unreported inventories. And I guarantee that you will make yourself crazy if you persist in trying to figure out the amount remaining

Silver is a vital commodity to our way of life. Silver is a precious metal that is being trashed as an industrial metal. As a result, it is within years of becoming the first metal to become extinct according to the USGS. At some point the shortage is going to become so obvious, that people are going to rush to turn in their depreciating dollars for real silver money. That is just the monetary demand of silver, the industrial and strategic demand is another huge factor we should consider.Silver is a precious metal a monetary metal and an industrial metal, Industry alone requires over 900 million ounces each year , Silver has antibiotic antibacterial anti fungal and anti microbial properties . Silver is used in Dentistry Photography electronics Mirrors optics Medicine and in clothing , Silver is the best thermal conductor of all metals and The Best Electrical Conductor ,Silver is also an important catalyst in chemical processing.As far as getting it out of the ground, that will take energy which seems to be only getting more expensive,China is now the world’s third largest silver miner after Mexico and Peru, and the world’s largest Silver refiner,Get in on the bonanza and get your physical silver today while it is still available at a affordable price. In the next few years you may loose your ability to get in on one of the greatest investments that will protect your financial security when the dollar implodes and economic chaos appears in your area - you will be happy you did .USA geologist society have predicted that Silver will be the first element of the periodic table to run out by 2020. Physical silver outperformed the mining stocks by 4 times during the last bull market .Only about 2% of COMEX silver contracts are actually settled by physical delivery, and the rest are settled for cash or rolled over , Decades of market manipulation has made silver the most underpriced commodity in history Be thankful that you have realized this in time to capitalize.JPM and HSBC are behind the Big Silver Short.Get yourself some physical silver and take possession if you want any certainty of cashing in before the paper silver derivatives become worthless.The COMEX does not have the 103 million ounces they claim to have.