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 resons why one should not invest in commodities. I'm sure Buffet followers are

familiar with  this anti-commodity stance.

 

It is 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 (Jan2003)

 

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