Ted Butler Commentary - Time to Load the Boat with Silver

[GoldNugget]

Here is an interesting inverview with Ted Butler.

http://www.investmentrarities.com/05-23-06.html

Here are some interesting snipets:

Butler: Silver should continue to match or outpace gold, as it has for the past few years. But if things play out as I expect, silver will greatly outpace gold over the next few years. If I’m correct, the results could be spectacular. And the kicker is that the gold investor who follows my advice should end up with more gold in the end.

Cook: How’s that?

Butler: 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.

Butler: Silver is consumed, not hoarded. Silver is an industrial necessity, like oil, copper or zinc, while gold is a luxury item. World governments, the arch enemies of higher gold prices, still hold massive quantities that they can sell to hold down the price. They own just about nothing in silver. There’s a lot more gold around than silver, especially in dollar terms.

Butler: I’ll be surprised if we don’t add a pretty quick $5+, but longer term, I still think the price rise will be astounding.

Butler: This is the time and these are the circumstances to load the boat.

[delkulara]

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:

Silver is an industrial necessity, like oil, copper or zinc, while gold is a luxury item.

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.

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.

Gold is to hold or use IMO,not to shift around to change market values.

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.

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.

It takes on a religious, cult-like quality.

He is very far from goodness or kindness,and thus refers to religon as cult like.

Silver is consumed, not hoarded.

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