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In 1997, Warren Buffett's Berkshire Hathaway purchased 129,710,000 ounces of silver for delivery in early 1998 at roughly $680 million.
Silver was cheap. But the price rose quickly - from $4.00 to $7.81 - before falling back down just as quickly.
The "Oracle of Omaha" made a costly mistake though. He liquidated his position shortly after buying in. If Buffett had held on to that massive silver position, it'd be worth close to $5 billion today.
But even after hitting 30-year highs, silver is continually overshadowed by gold.
Well, Chris Weber of Weber Global Opportunities Report thinks that's about to change. He believes $100 silver isn't even the story here. He says silver will hit that mark... and go soaring right on past.
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