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

To: rails99 who wrote (2269)9/21/2001 9:06:30 AM
From: Claude Cormier  Read Replies (1) | Respond to of 4051
 
rails99

I don't know if Bershire Hataway is at risk here and even do not know if he still owns the silver. So I cannot answer.

BAY will procude likely 35-40M ounces of silver equivalent in the first two years of opeartion at a cost of less than 1.55 per oz... so there is room to allow some downside in Ag price.



To: rails99 who wrote (2269)9/21/2001 9:35:16 AM
From: russwinter  Respond to of 4051
 
Unlike the Basses of the world, Berkshire Hathaway is an unleveraged player. Also they have controlling interests in these insurance companies, nor direct operating responsibilities. Therefore they have no direct obligation to pay claims out of BH assets. If the insurance company can't satisfy claims then they go out of business, and BH as an investor simply loses, like any other investor (as you would if you held such shares).


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