Warren Buffett explains his rationale for buying silver
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- čas přidán 13. 08. 2019
- Warren Buffett and Charlie Munger comment on some commodity positions they previously held. From the 2006 Berkshire Hathaway annual meeting.
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"It's better to trumpet your failures and be quiet about your successes". Gem again from Charlie
These two speak with a forked tongue. Non sensical distractions... and his exclamation that there is a large amount of silver above ground, after stuttering around the fact that production is more than 10% below demand.
@@HarrisonCountyStudio can you explain this in simple terms I am very interested to know what this means
@@fitzgibbon9756 they never answered the Questions posed.
Silver (and gold) are a hedge against inflation on one hand and a safety net in case of the fiat monies catastrophic total devaluation on the other.
Currently commodities are on the rise. We’ve made money already by being in commodities early, but there will be much much more to come in this inflationary environment. However, time is not on the side of people who use fiat currencies for everything. Fiat is dying and an alarming rate. But simultaneously cash is growing in value. One second after fiat is declared dead.... all banking and cash will be worthless. We will return to honest money once again. So I’d take this advice passed down to me. Make profits in what ever you can, but take 10-30% of those gains and turn them into precious metals. It truly is and will be known again as generational wealth.
These two can’t tell you this secret they know because it would crush their paper industries they work in.
@@HarrisonCountyStudio Of course silver and gold can be viewed as a hedge against a fiat catastrophe but after the covid spike, silver has basically returned to pre-covid levels despite the current inflationary environment. I think Berkshire viewed their silver position as a low risk more speculative play/trade and would agree that precious metals don't generate cashflow/dividends while you hold them.
Is this the Muppet show :)
So true! 😂
😂
When buffett talks about silver charlie face is priceless.then when buffett talks about hunt brother he just look straight at him.
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 🛡
Great series. Time is on your side my friend. Stay the course, be disciplined and hopefully find a woman who has or allows you to introduce her to your philosophy. ✌🏽 Godspeed
Lol you’re investing in crypto and precious metals? That is beyond idiotic. Please keep doing it and fail. Your future with that kind of “investment” will prove me right.
With solar still in its infancy. I will let my silver look at me for as long as it wants to.
“It’s a good habit to trumpet your failure and be quiet about your successes”.
-Charlie Munger.
DAMN
It's something i started taking very seriously this year and it really helps.
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.
2:18 he say's "we didn't make much money on it" What i I think he means is we didn't make much fiat currency on it.
I am not sure i believe them...
They never tell the security part of the whole game...😊
@nirmalbabu7799 what do you mean by the security part of the game please?
How timely! =)
True you don't have it but JP Morgan does about 1,000,000,000 ounces stored in London vaults, WHY?
They were forced out of their position !!.. he said "my decision" was bla bla..
...where abouts in London ! 😆
They dumped it on the market, plummeted to price. What u think
Who done told you?
basis for these blatant accusations?
Silver is the best investment ever period
You will see
really ???
Yes
There is no price discovery at all in precious metals
They are using more and mining less
@@Bigthingz12 you didn’t listen to the video. Silver is a by product of copper mining
@@alexprince9035 silver is rare by supply and eventual demand standards
Copper is also an exceedingly rare commodity however silver is far more important to high tech items
Not to mention it’s been used as money since the beginning of time
Wrong
They are with holding info and the truth
Bitcoin now on PayPal wow that’s big news
Silver investment is best developing country like India
Its a good time to buy silver now as its cheap. Just wish it was VAT free like gold ...
its good to have VAT if you own a business ;)
Where are you buying?
Guess we can tell William Devane to take a hike;)
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What would be the worth of gold and silver if currency loses its value? Would these minerals be worth anything? If so, how would we implement or better yet determine the worth of these two possible resources?
If there is apocalypse then cash is toilet paper
In biblical times a small piece of gold can buy a barrel of oil. And a silver dime can buy one gallon of gas. So yeah!!
@@thenikhilanna17during apocalypse Cash will be use to replace wood for fire in wintertime.
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.
Not much to trumpet about is right. Silver is off limits to billionaires. Even Jim Rogers didn’t mention silver once in his book “Hot commodities.”
Mikey Riley why is it off limits to billionaires?
Firebird Bullion Because one whale can halt the banking and finance system just from buying silver.
@@mikeyriley8959 This is actually untrue. The silver market has longstanding contracts dictating the deliver of silver and the private silver market, for jewelry or collectors actually represents and incredibly small fraction of the total silver in the world. The industrial world uses the majority of silver, and many produce their own because they own mineral rights and a lot of land. Many countries, like North Korea, dont adequately report their harvested yield and the government stacks black silver. This is why the WSS movement and why the Hunt Brothers before them, were unsuccessful in persuading the market value of silver. Essentially you could buy ALL of the personal market of silver and this would dramatically increase premiums on acquiring silver, this is because you arent actually purchasing enough silver to fluctuate the market value of silver, but you are restricting accessibility in one portion of the market. So sellers increase the premium to account for the limited supply... But that limited supply doesnt represent the entire silver market. Just because your favorite bullion dealer is out of coins, does not mean that there is a shortage of silver. Infact its quite the opposite. The large industrial suppliers of silver are either producing their own or have mineral right contracts, some of which are locked in at a variable right for well over 100 years. Source: I used to own land with an active silver mine.
@@Justaguyyoutubin Jewelry demand represents about 6% of total use, it is negligible. North Korea a silver producer? I doubt it. The supply is in elastic and already spoken for, therefore it doesn’t matter if it is consumed by industry or coins. In fact investment demand has recently overtaken industry:
srsroccoreport.com/breaking-the-silver-market-investment-demand-to-overwhelm-the-market/
As for the Hunt brothers, you must be aware that margins were raised and eventually a sell only mandate was placed on the paper market to collapse the price. Hardly free market if you ask me. There has been a structural deficit in silver for decades.
@@mikeyriley8959 More than 50% of clean silver is used industrially. Of the private silver, like bars and coins, much of this silver is melted by artists and creators, diminishing actually holdings and occasionally making its way back to industry. There are plenty of mines that produce black silver, that is not being regulated, is not being claimed and is not being documented. You will find that most sketchy countries, are unethically mining a fuckload of minerals, destroying the environment and using the gains to fund their agenda. Why do you think Russia and the middle East can produce so much oil? Why do you think they can flood the market...? Because they arent ethically harvesting commodities, so they can do it much cheaper and produce higher volume.
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
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...
Haha our pics look alike .....nice stack!
@@blaccsilverstaff5484 hell yea bro same to you. Ima sub u and check out ur stuff
@@silverking8742 thats a bet thanks bro
Why?!?
And look at the stock now.
Where's Eddie Murphy?
In the jacuzzi.
Charlie doesn't was busy eating at the beginning and didn't follow buffet's jok
More his rationale for not buying silver. If you bought silver back during the Hunt Brother debacle, you have lost a lot of money.
William Wilson that’s why you should have bought when it was low and sold during the peak.. like right now is the time to buy because it’s smashed down
Stack Attack only no ones selling it...
Bob Gymlan they were when I posted that comment.. and yeah people are still selling it but there’s a higher premium when you find it
I don't believe in trading silver like stocks. They're not the same. No matter what price it is, as long as fiat currencies that isn't backed by anything exist, silver will be the most valuable asset in the world.
@@draukdootwa7516 You were right :)
Silver is coming
Why didn't he say he grew up watching the lone Ranger and he loved silver? Let this little old man spend his modest pension on what he wants.
TWO SMARTEST GUYS IN THE WORLD.
They still have silver, it is over seas.
do they ?
Indeed they do 1,000,000,000 Ounces held by JP Morgan in London vaults. Its all theirs though.
These old men are liars. They have plenty of silver and gold but they can’t tell the world because the entire market would implode
Prove it
True
100% the way buffet talks about silver you know he has some. If he didn't like owning silver he wouldn't of bought 130 million ounces.
@@TheSilvertriggerso fkn what 😂
@@zander9486 im just saying he is lying to people. he likes precious metals..
buy the whole market of silver warren
Human Freedom Rests on gold redeemable money
By Howard Buffet.
Read it
PLEASE LAUNCH E-TAMBO, MAINLY CALLED DECATHLON...
BUT IT WAS ALWAYS BRAHMAPUR SPORTING RACE COURSES...
Whatever these types tell you is best, do the opposite.
Especially for folks in youtube comment sections instead of in person interviews with the billionaires that run the company that you bought into for the price of a house.
silvers the next crypto
Wonder how these two sapiens would do in a dooms day scenario....
spaceman51974 they would die!
@@efwewfwef1549 Wealthy, successful people, remain wealthy and successful in most circumstances. People romanticize the idea of an economic collapse followed by a re-distribution of wealth because they have no chance of succeeding without being the beneficiaries of a dramatic event. Yet, we saw with the Greeks, and the Romans... And during the French Revolution that you can behead nobleman, you can burn down the churches and redistribute wealth and you can change policies, but wealthy people who can network and leverage their assets will always rise to the top. History repeats itself time and time again, and yet the same personalities rise to the top of the heap. These old men would do just fine in a doomsday scenario because people need direction, and these men could give it.
Buy silver. 🇺🇸. Do the opposite of what this guy says.
Yeah don’t do what one of the richest guys in the world says. He’s correct silver doesn’t do anything. While I do invest in silver, it’s only to sell when people get scared. Then I buy stocks during downturns. When covid hit I immediately bought silver at $18 on oz and then bought 100,000 in stocks when the market tanked. Now I’m waiting to sell the silver when it hits 35- 40 oz. rinse and repeat. Did the same in 2008 during the housing crisis. Bought a bunch of bank stocks then.
J F You think he got to be one of the richest guys by telling the truth. Wake up. 🤥
@@travismoore8337 He does what he preaches. I have read books in the guy. Find valuable companies with growth potential and go long. I’m almost a millionaire after 15 years by doing what he says. Go ahead and invest in silver and Bitcoin. See where that leads you. People are always looking for the quick way.
@@user-wq5ws1qs7x i doubt a lot of silver investors see it a quick way.
@@fodrem6867 true, but they do see a quick buck with Bitcoin. Nearly every millionaire does it slow and steady with stocks. More aggressive with real estate or owning a business.
Fiat money have no real value. That why we have to buy silver
Silver and gold have zero intrinsic value, and can't serve as currency in anything resembling a modern economy, so they manage the impressive feat of being even more useless than cash.
@@jamesdoe3713 And if you have gold and silver you'll have a pile of rocks, which is still less useful than toilet paper. My point wasn't to hold cash anyways, it was to invest in productive assets.
...but that's probably way too complicated of an idea for someone who's waiting for fiat currency to "fail" (it's now been over 1400 years since paper money was first issued by the way).
@@Lover3Liar what happened to fiat if you keep printing mate? You can’t print gold and silver.
KALINGA ECONOMICS FEDERAL BANK FEDERATION...
BANK OF INDIAN TO FEDERAL BANK TO AMIT HOSPITAL BERHAMPUR...SANOJ PASHUPALAKA
Wow, Warren does not know much about silver.
Buffett is buying GE on the dip. He loves old American business.
The Money Tree Who says? Buffet exited GE...where’s your source that he’s buying?
MAGA Bit coin
These guys are criminals.
Charlie Munger has looked half-dead for the past 50 years.....he looks and sounds awful.....he looks like he 300 years old....he is just utterly decrepit