Message:

<p>[QUOTE=&quot;torontokuba, post: 1815631, member: 56793&quot;]What a waste of a decade...</p><p><br /></p><p><i><span style="color: #808080">&quot;<b>From 1997 until 2006</b>, his investment fund-Berkshire Hathaway-accumulated over 37% of the world’s known silver supply-even more than the COMEX!</span></i></p><p><i><span style="color: #808080"><br /></span></i></p><p><i><span style="color: #808080">When Buffett started buying silver, <b>it was just under $6 an ounce</b> (silver now trades at over $13).</span></i></p><p><i><span style="color: #808080"><br /></span></i></p><p><i><span style="color: #808080">... Buffett said <b>he sold at about $ 7.50</b>.</span></i></p><p><i><span style="color: #808080"><br /></span></i></p><p><i><span style="color: #808080">“We had a lot of silver once, but we don’t have it now—and we didn’t make much on our prior holdings.” He went on to say: “I bought [silver] early and sold early. Silver was my fault. [Speculation] is wildest at the end.”</span></i></p><p><i><span style="color: #808080"><br /></span></i></p><p><i><span style="color: #808080">In summary, the statements Mr. Buffett made about silver in the 2006 annual meeting tells us two things: 1) Berkshire Hathaway has no current silver holdings; 2) the Mr. Buffett no longer views silver as a viable holding at current prices ($13 at that point in time).</span></i></p><p><i><span style="color: #808080"><br /></span></i></p><p><i><span style="color: #808080">Of course, there are other reasons to invest in silver such as hedging against inflation, portfolio risk reduction (weak or negative correlation with equities) or the continuing fundamental issues of supply and demand, but <b>from Mr. Buffet’s value investing strategy, silver has come and gone until the price of silver comes down significantly.&quot;</b></span></i></p><p><a href="http://www.silvermonthly.com/analyzing-warren-buffetts-investment-in-silver/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.silvermonthly.com/analyzing-warren-buffetts-investment-in-silver/" rel="nofollow">http://www.silvermonthly.com/analyzing-warren-buffetts-investment-in-silver/</a></p><p><br /></p><p>In other words, $7.50/oz. is steep for this commodity.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> Speculation about Armageddon and hoarding silver are just bad for any portfolio. The rewards are often minuscule and the opportunity to cash in on them passes in the blink of an eye. I would not invest in the potential of a hiccup, once every thirty years. Bad idea!</p><p><br /></p><p><br /></p><p><br /></p><p><img src="http://www.smiley-lol.com/smiley/saisons/hiver/froid07.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in