pare cytatów

Silver Supply & Demand - We're Running Out of Silver!
“Very few people know that silver is a rarer material than gold. That is because gold is priced much higher than silver. The price is all that most people look at; they don’t take the time to study the real situation. But, the price of silver will continue to gain on gold, and this will not go unnoticed. Then people will look more closely. When the world’s investors come to the realization that there is less silver above ground than gold, they will switch from gold to silver, regardless of price. The trick is to beat them to it.”
-- Israel Friedman, Oct 10, 2006 (Silver: $11.21/oz)

(Israel Friedman is a friend and mentor to Theodore Butler, one of the leading silver analysts today. Mr. Friedman has owned and studied silver for 30 years.)


“If there’s one word I’ve used more than any other in the 200 articles I have written about silver, it’s "deficit". In reality, I have not used this word enough. For 60 years, the world has consumed more silver than it has produced, and has had to consume above-ground inventories to balance supply and demand. This is a circumstance never witnessed in any other commodity. I should have been more forceful in describing it because it’s the key to the awesome opportunity I see in silver. Sixty years is a long time. Until recently, it was a lifetime. Something that occurs every year for 60 years has the look of permanency. It appears normal and orderly, but 60 years is a very short time when you compare it to 5000 years. Then 60 years seems like a flash in the pan. Everything is relative.

The world has known silver to be more plentiful than gold for 5000 years, and has valued both materials accordingly. But the world has not yet adjusted to the new reality that, after 60 years of using more silver than is produced, gold is now more plentiful than silver. Because 60 years is a flash compared to the accumulated experience and wisdom of 5000 years, the six billion souls that inhabit our world haven’t caught on to the new reality that silver is rarer than gold. They will. The only question is when.”
-- Theodore Butler, Aug 2, 2005 (Silver: $7.24/oz)