Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Williams who wrote (4989)	2/3/1998 10:54:00 PM
From: Jafco	Read Replies (1) \| Respond to of 14226

Jeff, here's the post from another DD thread To: B.D.Bauden (8754 ) From: B.D.Bauden Tuesday, Feb 3 1998 10:32PM EST Reply # of 8782 To All, I saw this on another gold mine thread. Thought it may be of some interest. Check this out copied from Gold Price Monitor, Soros also rumored to have huge stake and silver up to 6.78 overnight. If true this will drag a lot with it!!! LATE NEWS FLASH!!! CNBC just reported that multi-billionaire financiers, George Soros and Warren Buffet, have purchased one million ounces of physical silver. It was also announced that Warren Buffett, through his holding company, Berkshire-Hathaway, has accumulated 130 million ounces of silver beginning in July 1997 through January 12, 1998. Some analysts put this amount at 20% of the known silver reserves. Perhaps this explains why silver jumped 36 cents today to a fresh new high on the COMEX, and why silver is now trading at $6.78-- up another 17 cents in the aftermarket. We have also heard that these two gentleman are buying physical gold as well, but we could not comment on it until the news of their silver purchase broke. Watch out tomorrow. Prices could skyrocket on all metals, but especially gold as the shortsellers get caught on the wrong side of the market. For what its worth Joe