2011年7月5日 星期二

Silver Prices: Going Higher Than You Think?

www.investmentu.com

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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