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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: JGreg who wrote (10788)	2/5/1998 10:52:00 PM
From: Lazlo Pierce	Read Replies (1) \| Respond to of 95453

Pastormon, Buffett's silver play may not be related to inflation fears. It seems (from the myriad of analysts I've heard discuss this), that it may be more of a supply and demand issue. After all he still owns the zero coupon bods (as far as we have heard). They say industrial silver usage has been rising and new production has been slipping as well as the price, so... who knows Dave

To: JGreg who wrote (10788)	2/5/1998 10:52:00 PM
From: Thean	Respond to of 95453

<Mr. Buffet> Pastorman, it is an interesting thought isn't it. First he would buy 20% of world silver and only a handful of people know about it. Those who knew are now under investigation from FTC and FBI. Yet, Mr. Buffet is not under investigation for accumulating 20% of world silver. This examples shows it takes about 6 months before the public knows about his move. If he were to target the crude market, I guess we will not know about it until all the action has taken place. If he lives to play another 10 years, I'm sure he will buy crude and all other petroleum products for investment sometimes. David - "They say industrial silver usage has been rising and new production has been slipping as well as the price,", that was mentioned to me 7 years ago when I got into silver. Guess the world has not changed!

To: JGreg who wrote (10788)	2/6/1998 12:07:00 AM
From: Rob Hinton	Respond to of 95453

Look at silver, it has decoupled from gold and is now over $7.00 per ounce. This guy knows what he is doing. Called a friend of mine that used to trade in the OSX pits and he said we better make a new high soon or we will tank. Big. Buffet has been accumulating since last July or so. Guess what. He doesn't like Asia, Europe, South American, or the US equities. So he goes into precious metals....hmmmm. BTW, my trader friend thought the dow dropping to 4500-5000 was not out of the question.....<no grin> Buffet is smart....very, very smart...expect a rally in the metals and related stocks soon. Rob Long ABX