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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: Ted Butler
11
Aug 22, 2011 08:00PM

When was this article written? My guess is around 2003, since I have a receipt for buying silver eagles on Feb 14, 2003 for $6.53 each. So, this "coming silver accident" that Mr. Butler is predicting, is about 8 years late already.

"Long-time readers know that Investment Rarities has been underwriting my articles for the past four years. For most of that time, the silver price averaged between four and five dollars. For the past year, the silver price has been six, seven or eight dollars. Does this increase mean that the price has finally responded to the law of supply and demand, and therefore eliminated the chance of a silver accident?"

Don't hold your breath for this one. The LBMA has already defaulted on the delivery of nickel. They can do it again with silver, IMO.

6
Aug 23, 2011 02:38AM
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