Another Interview With Silver Guru Ted Butler

Jon Market Commentary, Precious Metals, Silver

James R. Cook Of Investment Rarities Interviews The Silver Guru
Cook: People that have been holding silver for several years are beginning to lose patience. What do you say to them?
Butler: The facts surrounding silver have never been more bullish.
Cook: Such as?
Butler: Over the last few years, enormous changes have recast and transformed the silver market.
Cook: Can we have an example?
Butler: In only a few years, JPMorgan has accumulated the largest hoard of silver in the history of the world.
Cook: How does that compare with the Hunt Brothers in 1980?
Butler: They have five to six times as much as did the Hunts, maybe more.
Cook: How do you prove that to people who doubt you?
Butler: I’ve been watching JPMorgan like a hawk for the past five years. In their COMEX warehouse, where the amounts they hold are made public, they have 80 million ounces. That’s almost as much as the Hunts had or Warren Buffett when he bought up silver in 1998.

This post was published at SilverSeek on Saturday, December 31st, 2016.