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Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%Dec 12 9:30 AM EST
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To: #Breeze who wrote (26749)12/10/2025 10:32:26 AM
From: Kirk ©  Read Replies (1) of 26769
 
Interesting. Thanks for sharing that history.

Count me as one who didn't follow Buffett well enough to know that his silver sales made SLV possible without greatly distorting the market.

Looking at the chart, he would have outperformed his cash to have held on rather than booking a modest gain after the turnaround.
  • 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.


Also looking at the chart, I don't think the volatility went away but his purchase and sale were parts of making what appears to be a nice, "rounding bottom". I'm not sure what the reporting rules were back in 1997, but I'd guess the price spike in 1998 came after his position was made public... then he sold out in 2006 when the price recovered to the peak it hit in 1998.

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