Oil, gas and mining

Warren Buffett explains his rationale for buying silver



Warren Buffett and Charlie Munger comment on some commodity positions they previously held. From the 2006 Berkshire Hathaway annual meeting.

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43 Comments

  5. Silver King87

    Only reason warren buffet doesnt care about silver is kuz for him to make millions of dollars off of it he would have to sell over a million ozs of it at its high point and i dont think it would be possible to sell a million ozs to another investor at $50per oz lol…

  6. lx Tbnkz

    The greatest truth never told got me here 22yrs old, 40% invested in crypto , but silver … I can’t believe I slept on it last year I missed out and now it hurts a bit more .. but lol this paradigm man , silver SHIELD 🛡

  11. DIABOLICAL DEBBIE

    Of course their trying to discourage you from buying precious metals..so they can buy it at a cheaper price and hoard it all for themselves. They want you to dump all your savings into the stock market before it crashes so then you can go bankrupt and then your house and businesses get repossessed..and guys like these buy up entire neighbourhood blocks and turn them into shopping malls.

  26. Thomas Zynda

    laughing about being really good at making missiles, bombs,…,… cheap and effective enough to sell it to the military who used our money to buy them and kill non-combative. reinstalling people and parties that at the very least stay out of the way.
    and we the people are stuck with the bill.
    welcome to America home of the free the brave. and the seat of the anti Christ. the Arabs where serious when they called us the great satin!. surprised they don't poor oil strait over our lips to droned us!. What the fuck is our government doing!?.

  37. SWORD OF RHUDAUR

    The real reason why he bought physical silver is because he knows one day this fiat-debt paradigm is gonna fail and he wants to hold something of tangible value. After AIG scandal he sold his silver to get a get out of jail free card.

  38. Bobby Irvine

    What happens when use remske the american dollar, your gonna need to use that silver which is two upsides of holding a non intrest commodity for the next 20 years

  40. New York Silver King

    Buffett's investment is profitable, at least on paper. In an SEC filing, Berkshire Hathaway said the 111.2 million ounces of silver it held at the end of 1997 was worth $97.4 million more than the company paid.

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