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<p>[QUOTE="InfleXion, post: 1519446, member: 29012"]Ted Butler has been a trader for over 30 years. If you knew square one about him you would know that and not incorrectly infer that he doesn't understand what a short position is without substantiating why you even think that. It's obvious to any educated person that you don't know what you're talking about. You can go ahead and disbelieve everything he writes without researching it for yourself, but don't try to force your ignorance upon others. </p><p><br /></p><p>Silver is a good buy at $45 to anyone who understands that the dollar is backed by debt and the ability for the government to pay that debt off by creating more dollar based debt. It's like trying to put out a fire with more fire. Gold and silver are the only extinguishers of debt, and will ultimately be the beneficiaries of our current monetary policy. </p><p><br /></p><p>We have already been around the block about why the SLV is not truly 100% backed by silver. Yes every contract has a bar allocated, but not every bar is unique. Why you continue to assert that it has 100% backing even though we already proved that they are 10 million ounces shy using the prospectus numbers is beyond me.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1519446, member: 29012"]Ted Butler has been a trader for over 30 years. If you knew square one about him you would know that and not incorrectly infer that he doesn't understand what a short position is without substantiating why you even think that. It's obvious to any educated person that you don't know what you're talking about. You can go ahead and disbelieve everything he writes without researching it for yourself, but don't try to force your ignorance upon others. Silver is a good buy at $45 to anyone who understands that the dollar is backed by debt and the ability for the government to pay that debt off by creating more dollar based debt. It's like trying to put out a fire with more fire. Gold and silver are the only extinguishers of debt, and will ultimately be the beneficiaries of our current monetary policy. We have already been around the block about why the SLV is not truly 100% backed by silver. Yes every contract has a bar allocated, but not every bar is unique. Why you continue to assert that it has 100% backing even though we already proved that they are 10 million ounces shy using the prospectus numbers is beyond me.[/QUOTE]
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