Billionaire Warren Buffett invested nearly $1 billion in silver. Should you do the same? [Logo ]( [[icon]About Us]( You probably know Warren Buffett as one of the smartest investors alive, but did you know he quietly bought nearly 3,500 tons of silver?7 He invested close to $1 billion when silver was just $10 an ounce.8 But the real question is: Why? - Silver is essential for clean energy, electric vehicles, and smartphones.9
- Supply is limited, while demand is skyrocketing.10
- Historically, silver has served as a hedge against inflation and economic uncertainty.11
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P.S. You could receive up to 10% in FREE SILVER on qualified accounts â act quickly! 7 Warren Buffett made an unusual move in 1997 when he bought 111 million ounces, or nearly 3,500 tons, of silver. 8 From 1997 until 2006, Berkshire Hathaway bought over 37% of the worldâs silver supply. A keen value investor, Buffett saw silverâs collapse from $50 an ounce to under $10 an ounce as a buying opportunity. In 1997, Buffett bought 111 million ounces of silver, which equals about 3,500 tons. 9 During an economic downturn, if industrial users decrease their production, the price of silver may be affected. Conversely, the industrial demand for silver could experience growth from increased investments in green infrastructure and advancements in vehicle electrification, both of which contribute to higher silver demand. Silverâs performance has exhibited fluctuations in past recessions, with prices experiencing a significant decline during the 1990s recession, while demonstrating relative stability during the 2001 recession, even showing some gains compared to stocks. 10 The prices of gold and silver can come under significant pressure from inflation. During times of elevated inflation, the value of these precious metals typically remains stable or rises, as investors seek them out as a tangible asset, leading to increased demand and higher prices. This highlights the role of gold and silver as a hedge against inflation, maintaining purchasing power and performing favorably in times of high inflation. 11 Silver, often considered 'poor man's gold,' offers a more accessible entry point into the precious metals market. Its widespread industrial application, from electronics to solar panels, creates a constant demand. Additionally, silver in jewelry and silverware provides a steady consumer-driven market. Dorian Gray glanced at the picture, and suddenly an uncontrollable feeling of hatred for Basil Hallward came over him, as though it had been suggested to him by the image on the canvas, whispered into his ear by those grinning lips. The mad passions of a hunted animal stirred within him, and he loathed the man who was seated at the table, more than in his whole life he had ever loathed anything. He glanced wildly around. Something glimmered on the top of the painted chest that faced him. His eye fell on it. He knew what it was. It was a knife that he had brought up, some days before, to cut a piece of cord, and had forgotten to take away with him. He moved slowly towards it, passing Hallward as he did so. As soon as he got behind him, he seized it and turned round. Hallward stirred in his chair as if he was going to rise. He rushed at him and dug the knife into the great vein that is behind the ear, crushing the manâs head down on the table and stabbing again and again. There was a stifled groan and the horrible sound of some one choking with blood. Three times the outstretched arms shot up convulsively, waving grotesque, stiff-fingered hands in the air. He stabbed him twice more, but the man did not move. Something began to trickle on the floor. He waited for a moment, still pressing the head down. Then he threw the knife on the table, and listened. He could hear nothing, but the drip, drip on the threadbare carpet. He opened the door and went out on the landing. The house was absolutely quiet. No one was about. For a few seconds he stood bending over the balustrade and peering down into the black seething well of darkness. Then he took out the key and returned to the room, locking himself in as he did so. The thing was still seated in the chair, straining over the table with bowed head, and humped back, and long fantastic arms. Had it not been for the red jagged tear in the neck and the clotted black pool that was slowly widening on the table, one would have said that the man was simply asleep. How quickly it had all been done! He felt strangely calm, and walking over to the window, opened it and stepped out on the balcony. The wind had blown the fog away, and the sky was like a monstrous peacockâs tail, starred with myriads of golden eyes. He looked down and saw the policeman going his rounds and flashing the long beam of his lantern on the doors of the silent houses. The crimson spot of a prowling hansom gleamed at the corner and then vanished. A woman in a fluttering shawl was creeping slowly by the railings, staggering as she went. Now and then she stopped and peered back. Once, she began to sing in a hoarse voice. The policeman strolled over and said something to her. She stumbled away, laughing. A bitter blast swept across the square. The gas-lamps flickered and became blue, and the leafless trees shook their black iron branches to and fro. He shivered and went back, closing the window behind him.
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