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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: E who wrote (13000)3/22/1998 1:27:00 AM
From: rainwater  Read Replies (3) of 31646
 
Why silver? - some facts instead of fiction.
read Warren Buffet explain it himself.
from our Berkshire Hathaway 97' annual report:

"Last year we purchased 111.2 million ounces. Marked
to market, that position produced a pre-tax gain of
$97.4 million for us in 1997. In a way, this is a
return to the past for me. Thirty years ago, I bought
silver because I anticipated its de-monetization by
the US Govt. Ever since, I have followed the metal's
fundamentals but not owned it. In recent years,
bullion inventories have fallen materially, and last
summer Charlie and I concluded that a higher price
would be needed to establish equilibrium between supply
and demand. Inflation expectations, it should be noted
play no part in our calculation of silver's value".

Buffet also presently holds 14 million barrels of oil!!
guess why? - perhaps to make a profit?

Buffet in TAVA? - maybe yes/ maybe no
It takes 500 mill$ pre-tax profit to add 1 %age point to
Berkshire stock - so he will need the whole of TAVA and more!!

I found Buffet in 1990 - rather late. I am evaluating TAVA
as an investment. Point is it would be much better to
know that Jenkins has some of Buffet's qualities rather
than his money.

Thanks to all who keep posting factual information.
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