Silver Too Slippery To Hold?
Wednesday, June 13, 2007 - FreeMarketNews.com
It's nice to see that even the Sage of Omaha makes the occasional big investment mistake, and can even refer to it tongue in cheek. Warren Buffet recently remarked at the annual Berkshire Hathaway shareholders meeting:"I bought it too early, I sold it too early. Other than that, it was a perfect trade.That shows you how much we know about silver." I'm flattered you asked because no one asks us our opinion on silver anymore." David Morgan, writing in the Morgan Report, on the current Silver Institute study remarks:"The main thrust of the CPM study is that investors have become net buyers of silver rather than net sellers and this is the first time in over two decades this has taken place. According to CPM this is very bullish for the silver price..."Since silver is not thought of as a reserve asset anymore (like gold) the likelihood of any nation purchasing silver is very remote. But just like Great Britain has been chastised for selling gold at the bottom, India might also be asked why it sold silver at such a low price? People have historically sought safety and this is why silver and gold have a monetary history of 5000 years." Staff Reports - Free-Market News Network
It's nice to see that even the Sage of Omaha makes the occasional big investment mistake, and can even refer to it tongue in cheek. Warren Buffet recently remarked at the annual Berkshire Hathaway shareholders meeting:"I bought it too early, I sold it too early. Other than that, it was a perfect trade.That shows you how much we know about silver." I'm flattered you asked because no one asks us our opinion on silver anymore." David Morgan, writing in the Morgan Report, on the current Silver Institute study remarks:"The main thrust of the CPM study is that investors have become net buyers of silver rather than net sellers and this is the first time in over two decades this has taken place. According to CPM this is very bullish for the silver price..."Since silver is not thought of as a reserve asset anymore (like gold) the likelihood of any nation purchasing silver is very remote. But just like Great Britain has been chastised for selling gold at the bottom, India might also be asked why it sold silver at such a low price? People have historically sought safety and this is why silver and gold have a monetary history of 5000 years." Staff Reports - Free-Market News Network
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