MEMO TO SILVER HOLDERS
The gold market has been bouncing around like a tennis ball at Wimbledon. Ted Butler would often say that they will knock down gold to get to silver. I had a hard time believing that, but he was certain it was true. If Ted were still here, he would not at all be surprised at the violent price fluctuations. He thought that it was inevitable. I based my personal investment strategy on what I learned from Ted Butler. I’m holding my physical silver for the long term. I’m always confronted with the question – what would I do with the money if I sell? In reality, I would like to buy more silver should I find additional funds.
I lived through the 1980s silver blowoff and made a lot of money doing so. Back then, the price of silver collapsed, and today people fear another severe correction. However, I believe things are different this time. Demand for silver from all directions will ultimately prevail and drive the price dramatically higher. I could be wrong, but the bullish arguments are hard to ignore.