IMO often a butlers advice lacks the wisdom of the householder.
[please "gold price" add your two cents worth]
Thus eat with some caution.
He states:
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Silver is an industrial necessity, like oil, copper or zinc, while gold is a luxury item.
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This is not true! & the fact is silver does not make a computer chip for ex. & we all know a computer is a necessity and drives todays industry,this err taints his advice taken in full.IMO.
I have never herd such malarkey from a wise investment anaylist or any well educated person,gold is much much more than luxury.& this persons advice benifits him more than those he instructs as he is a large mover and shaker & in his own words he speaks of manipulating markets.
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Those who switch some of their gold to silver now will be able to someday sell the silver and use those proceeds to buy more gold than they originally sold.
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Gold is to hold or use IMO,not to shift around to change market values.
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Cook: It sounds good. But we’re not going to beat the drum too hard for switching. We were a gold company for a long time and we like gold. Let’s move on.
Butler: Don’t be a wimp.
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He calls a person a wimp for being weary of his advise,
THIS IS A manipulator!Who wishes to be a pimp to those he calls wimp.
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It takes on a religious, cult-like quality.
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He is very far from goodness or kindness,and thus refers to religon as cult like.
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Silver is consumed, not hoarded.
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Many people have a thing called silverware!and few have even 10% equivalent of its weight in coin or jewelery.
This tells me silver is hoarded as much as gold if not more, "by individuals".
both gold & silver are consumed and hoarded.
I do agree with him as to not put all eggs in one basket,
I just do not subscribe to messing with the eggs before they hatch.
Peace and aloha