Fundstück für fridolin, wg. Buffet's Silberkäufen

verfasst von BillyGoatGruff, 16.04.2005, 09:16

-->Festplatte aufgeräumt; hier nur Ausschnitt (fairerweise) aus Morgan's Artikel (bin jetzt aber weg, Wetter zu schön).

Zitate:

Mr. Buffett Actually Cornered the Silver Market before 1997
Mr. Buffet has liked silver for a very long time and this “purchase” was known among a very few precious metals followers.
When Warren Buffett was associated with Solomon Brothers, the #1 trader nearly cornered the silver market by paying 20 cents more per ounce than anyone else. There were several expiring options that were out of the money. Everyone thought that these were expiring worthless, until the holder (Solomon Brothers/Buffett) decided to exercise the options at the strike price they held.

......

The dealers and Wall Street firms that held most of this silver ran to the U.S. Government and asked for relief from delivering what Solomon had bought and PAID for. Since there was not enough silver available, the rumor was that the government asked to meet with Mr. Buffett in private. Buffett backed down and the government made sure that Solomon did not lose any money. The government was willing to settle this embarrassing situation and pretend that the free market in silver still exists, when in fact is does not.
...


Warren Buffett’s most recent silver purchase started in the summer of 1997 and continued for several months. The lowest price on the COMEX during that time frame was around $4.40. The market recognized this in February of 1998 and silver advanced to over $6.50 an ounce. Mr. Buffett took delivery of about 90 million ounces of silver and gave the dealers more time to deliver the rest.

.....


I have studied the annual report of Berkshire Hathaway which states the following:
"Line item 53. Miscellaneous items. 400,000,000$"
Now it was widely reported that Mr. Buffett bought 129 Million ounces. However, unless you were really alert you might have missed the fact that only 90 million ounces were delivered.
So silver at $4.40 (spot price at the time of the annual report) times 90 Million ounces is about equal to the $400 million dollars reported in the annual report. I think Mr. Buffett leased out the 40 million ounces.

Also mindestens Zweifel sind m.E. schon angebracht, ob die Edelmetallmärkte wirklich frei sind, auch ob sie denn überhaupt in unserem gegenwärtigen Papiergeld-Ponzi-System frei sein könnten, ohne letzteres zu gefährden?

Gruss,
BGG

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gesamter Thread:

• Fundstück für fridolin, wg. Buffet's Silberkäufen - BillyGoatGruff, 16.04.2005, 09:16
  • Danke und Anmerkung - fridolin, 16.04.2005, 09:58
    • Auf der Seite von"berkshirehathaway.com" steht doch was von Silberkäufen!!!!!! - Hanse, 16.04.2005, 12:50
      • Ist auch nicht das Problem - fridolin, 16.04.2005, 16:04
  • Re: Fundstück für fridolin, wg. Buffet's Silberkäufen - Diogenes, 17.04.2005, 10:48