Is the worlds richest man getting into Silver?

Discussion in 'Silver' started by Guest, Jan 5, 2011.

  1. Guest

    Guest Guest

  2. Matthew 26:14

    Matthew 26:14 New Member

    Joined:
    Sep 3, 2010
    Messages:
    3,354
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Victoria
    Warren Buffet bought a few tonnes back in the mid 2000's but sold out before this big run-up so the uber rich dont get it right every time.
     
  3. chimpanchu

    chimpanchu New Member

    Joined:
    Aug 7, 2009
    Messages:
    1,643
    Likes Received:
    3
    Trophy Points:
    0
    Location:
    Australia
  4. smokey

    smokey New Member

    Joined:
    Dec 31, 2010
    Messages:
    129
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Vancouver Island, B.C., Canada
    I posted it under the magazine thread. I did not link properly. So thanks for the help! Lets hope my investing skills are better than my computer skills.
     
  5. DSK

    DSK Active Member Silver Stacker

    Joined:
    Feb 25, 2010
    Messages:
    718
    Likes Received:
    84
    Trophy Points:
    28
    Location:
    Sydney
    Might be connection between buffett's sale of silver to the Barclays' SLV. Read something about this years ago....Am sure he has exposure to the rising price. Dont think the oracle would sell for $7.5

    could only find this about it now:

    http://www.silvermonthly.com/162/analyzing-warren-buffetts-investment-in-silver/

    .....Buffett to the rescue? In 2006, the first Silver Exchange Traded Fund (SLV) owned by Barclays was trying to get approval from the SEC by promising that it would hold silver to back up its shares.

    At that time, the newly proposed fund could only take delivery on a portion of the needed amount of silver because of tight supplies and Barclays was rumored to have borrowed or purchased over 130 million ounces of silver-about the total amount held by Berkshire Hathaway at the time.....
     

Share This Page