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Look at your dates for this statement. He later became a HUGE silver investor. Market realities change; ditto for informed opinions and sentiment. The best are quick to change beliefs quickly in the face of new realities.
Buffett is one such.
UNDERSTANDING BUFFETT'S SILVER PLAY
http://www.gold-eagle.com/gold_diges...use020998.html
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Silver is a key input to film. When silver prices went up it really hit companies like Kodak hard. Silver has utility which creates tangible value. Other than jewelry I don't think much is made with gold, though I may be wrong.
If that's what your link said, I'm sorry for being repetative.
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Gold is actually used in a lot of electronics, fwiw.
-bb.
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How much is actually used? Are you talking about things like the end of headphones where it's (I would assume) extremely small amounts? I would guess, and this is definitely a
guess, that silver prices are driven much more by tangible forces than gold prices.