SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%Dec 12 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kirk © who wrote (26747)12/10/2025 10:18:13 AM
From: #Breeze3 Recommendations

Recommended By
Anchan
Kirk ©
sixty2nds

  Read Replies (1) of 26769
 
Kirk, it is not widely know about Buffett's role in the Silver Market after the Hunt fiasco:

"Key Points:
  • The Hunt Brothers' Legacy: Nelson Bunker Hunt and his brothers tried to corner the silver market in 1979, causing a price spike, followed by a crash, making silver seem risky.
  • Buffett's Intervention (1997): In 1997, Berkshire Hathaway bought a huge amount (around 111 million ounces) of physical silver, betting on a supply/demand imbalance and restoring faith in silver as a valuable asset.
  • Market Impact: Buffett's large position helped restore silver's reputation, making it seem legitimate after years of volatility.
  • The SLV Connection (2006): When Buffett sold his massive silver stash in 2006, this physical metal helped form the underlying bullion for the newly launched SLV, an exchange-traded fund, solidifying its role in the market.
  • Result: Buffett's trades generated significant profit for Berkshire Hathaway and proved that silver could be a sound investment, paving the way for ETFs like SLV to succeed. "
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News