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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (3030)	10/25/2000 10:52:23 AM
From: TD	Respond to of 8010

Yes Alan, I tend to agree, when the Buffett news hit mainstream I looked at the lease rates and thought hmmm, I bet he is going to "lease" some if not all of it. I have had this discussion with some I consider very knowledgeable and his "security" may be more than "dollars" . Thanks for the input TD

To: Alan Whirlwind who wrote (3030)	10/27/2000 9:43:05 PM
From: paul ross	Read Replies (1) \| Respond to of 8010

>>>> One thing, I doubt Buffett has any of his silver left. He either sold it outright or leased it all out.<<<<<< I have just read an excerpt from a Berkshire Hathaway shareholders meeting from, I believe, Q1 of 99 where Buffet goes into some depth about the rationale behind his silver purchase. The impression I get is that I doubt very much if he has sold any of his silver; and from this shareholders meeting transcript and from other things I have heard Buffet relate about the derivatives market, I can't really see him leasing any either. Buffet goes into a brief history of the silver market back into the 19th century. He says that the last time he bought silver was in 1969, and that this is another great buying opportunity. From what I gathered Buffet held his silver well into the mid-late 70's back then, and hasn't bought any until he did in 98(?). My impression was that Buffet was kind of a "silver bug".... ***(These were just my impressions, and I could be wrong)