Ted Butler: I Own Silver Because Of The Coming Silver Shortage
September 5, 2013
Ask a hundred different precious metals investors why they hold gold or silver and, while you may not get a hundred different answers, you’ll certainly get more than one. That’s because there are many different reasons why people own precious metals. Among those reasons; protection against inflation, bank or financial system failures, currency turmoil, unsustainable government debt and money supply growth, stock or bond market collapse and perhaps some combination of all these reasons.
While I can understand these reasons and don’t have any real dispute that they may prove to provide the protection desired; all are far removed from the reason I hold and continue to buy silver. I own silver because I feel it will perform better than any other investment I am aware of, including gold. Although I am not driven by a desire for money at all costs; I am convinced that if you are going to make an investment, it should be the best investment possible. Quite simply, I believe that silver will make more money, by far, than any other investment almost regardless of future circumstances.