“Myths and Misinformation in the Silver Market”

Posted by on February 17th 2012 in Bailout, China, Federal Reserve, GATA, Gold, India, Monetary Policy, Short Sellers, Silver, Ted Butler, Wall Street | Be the first to comment!

Kitco News has posted a 30-minute video of David Morgan’s complete presentation on “Myths and Misinformation in the Silver Market,” delivered during last weekend’s California Resource Investment Conference.   At Got Gold Report, which summarizes and recommends the video, a commenter notes that Morgan sees investment demand driving the price of silver “because ‘the investor is the one who buys the last ounce’. I completely agree with that at the moment. Regarding what will drive price in the future, I’d rather go with Israel Friedman and say that at some point investors and industrial users will be competing for ounces and the physical market, and the physical market alone will drive prices.” Read more about Israel “Izzy” Friedman, whom Ted Butler calls his mentor.

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