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

To: Ray Burke who wrote (562)2/5/1998 10:25:00 AM
From: Ron Everest  Respond to of 8010
 
My thoughts are that if an organization has gone to the expense and trouble of buying 129mm oz of AG, then they most likely have also been buying and accumulating pure silver shareholdings on the world markets. We are likely in for a fairly exciting ride on these events, however, one must be wary as to the timing for unloading as many have already stated.



To: Ray Burke who wrote (562)2/5/1998 10:27:00 AM
From: TD  Read Replies (1) | Respond to of 8010
 
Ray, maybe someone on this thread could tell us what Buffet's average gain is over the long term ie. 10x or 5x or ? Because being a value investor he probably has a target in mind.

It will be interesting to see how high silver goes as the delivery of the remaining 42 million ounces need to be delivered to him by March 6 or pay a "modest" fee.

Your thought on the 800 lb gorilla if you read it.


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