Silver is the only metal Warren Buffett bought. Why is that?
Obviously, he did his homework. He issued public statements to that effect, that he liked silver’s supply/ demand fundamentals Then why did he sell? He was tricked out of his silver speculating on the COMEX (Commodity Exchange Inc, which is now a part of NYMEX Holdings). I wrote about that at the time. That’s an important lesson for silver investors. Don’t borrow and don’t speculate. Buy it and put it away for the long term. Forget short-term trading. You write that the rigging of the silver market for the past 50 years, particularly the past 15 years, is “both bad news and good news.” Why has the silver market been rigged over the years? For a variety of reasons. Starting in 1947, the Silver Users Association did everything possible to keep silver prices low in order to insure their industrial consumer members had an abundant supply of cheap silver. Later, staring in the early 1980s, big short traders on the COMEX rigged the price for personal profit. Many say the US government may no
