Forum Archive Index - February 2003

["mvanv" <mvanv@xtra.co.nz>]

I have recently  read ' The New Buffetology'  in which an entire chapter is devoted to the reasons

why one should not invest in commodities.  I'm sure Buffet followers are familiar with this

anti-commodity stance.

 

It is a well known  that  Warren Buffet himself has purchased around 130m  ounces of silver

in the late nineties. Current above ground silver stocks are estimated at 500m ounces.

Buffet owns 26% of above ground silver  (Jan 2003)

 

Obviously Buffet is speculating in silver (commodities) along with other well known

investors (Gates, Soros)

 

This decade we are currently in could be a good time to put the Buffet/Graham books

back on the shelf and take a closer look at commodities/raw materials.

 

 

  Mike