Back in 1997 Warren Buffett bought a staggering 3,500 TONS of physical silver. At $38/oz. that would be $4.2 BILLION if bought now. Silver is acting FANTASTIC right now- highest level since 2012 and yet nowhere near the all-time high. What if Berkshire announced another big purchase of physical silver. Not Berkshire? How about Elon Musk, Peter Thiel or Jensen Huang?
In 1997 there was no real internet or social media for news to spread like wildfire.
I own physical silver and also trade SLV, which is an exchange traded fund in the stock market. SLV is super easy to trade and the difference in price between buyer and seller is usually only ONE PENNY per ounce! I bought it in pre-market today, sold about 10:05am EST and made over $1,000 profit. Easy peazy.
Silver looks like it wants to run. There are probably plenty of people tired of hearing about bitcoin and crypto. Now you have an alternative that looks really decent!
Wild Speculation about Berkshire Hathaway
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Wild Speculation about Berkshire Hathaway
by Recyclersteve » Sat Jul 12, 2025 12:51 am
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: Wild Speculation about Berkshire Hathaway
by Cu Penny Hoarder » Sat Jul 12, 2025 5:39 am
Congrats on a nice trade.
Buffett said many times more recently that he doesn't care about PMs, and they're only "rocks". If Musk or Theil even hinted they were buying silver, it would send it a lot higher. We don't want a parabolic move though, gradual prices increases are much more steady and tend to hold better.
However, human behavior is bewildering to me. The majority of people get excited and start buying when the price is rising and/or making new highs. Buy high and sell low? Traders that went long or bought calls in late March 2011 got their faces ripped off.
Buffett said many times more recently that he doesn't care about PMs, and they're only "rocks". If Musk or Theil even hinted they were buying silver, it would send it a lot higher. We don't want a parabolic move though, gradual prices increases are much more steady and tend to hold better.
However, human behavior is bewildering to me. The majority of people get excited and start buying when the price is rising and/or making new highs. Buy high and sell low? Traders that went long or bought calls in late March 2011 got their faces ripped off.
Time is precious, stop wasting it.
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- Joined: Tue Sep 06, 2011 8:44 pm
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