Monday, April 9, 2012

Money Morning Interview With Ted Butler On Silver Manipulation

Could you tell us when and how you got started researching this matter?

It started around 1985, when a brokerage client asked me to explain how silver could remain so low in price (in the single digits) when the world was consuming more metal than was being produced. I accepted the intellectual challenge, and it took me more than a year to figure out that the paper short positions on the COMEX were so large as to constitute an almost unlimited supply. It was this paper supply that was depressing the price.

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