BANDORE Message Board - Msg: 4909208

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Gold/Mining/Energy : BANDORE

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To: Guy Paquin who wrote (1249)	6/17/1998 10:06:00 PM
From: Benfica	Read Replies (1) of 1692

You have an interesting point of view. I believe Buffet will hold silver for the long term. He does not buy things for a quick buck. I still think that he is waiting for something big to happen and I think gold will follow. I think one of the reasons he did not buy gold would be the price. He can make much more money if silver doubles then if gold goes up to $500. I also agree silver is more widely used. I think companies like Kodak would have protected themselves from somebody cornering the market. I have not heard anyone in history who has ever cornered the silver market. I could be wrong about that. I think with commodies going down for the last couple of years it is interested why he would buy silver.

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