How Warren Buffett Became the King of Silver
Channel: Understanding Stocks
Date: 17/03/2023

Warren Buffett used to be the silver king and was a buyer when supply demand fundamentals were out of balance. 
Warren Buffett was once known as the "King of Silver" because of his large investment in silver in the early 1980s. He accumulated a large position in silver through his investment company, Berkshire Hathaway, and at one point owned over 10% of the world's silver supply.

Buffett's investment in silver was based on his belief that the price of silver was undervalued. He argued that silver was a valuable industrial metal with a wide range of uses, and that its price was being suppressed by the silver cartel, a group of major silver producers who were colluding to keep prices low.

Buffett's investment in silver paid off handsomely in the early 1980s. The price of silver rose sharply, and Buffett's investment made Berkshire Hathaway billions of dollars. However, the silver bubble eventually burst, and Buffett's investment lost much of its value.

Despite the loss, Buffett's investment in silver is still considered to be one of the most successful trades in history. It showed that even the world's most successful investors can make mistakes, but that they can also learn from their mistakes and come back stronger.

Here are some additional details about Buffett's investment in silver:

He began buying silver in 1979, when the price was around $6 per ounce.
He continued to buy silver throughout the early 1980s, as the price rose to over $50 per ounce.
At its peak, Berkshire Hathaway owned over 10% of the world's silver supply.
The silver bubble burst in 1985, and the price of silver fell sharply.
Buffett's investment in silver lost billions of dollars, but he still made a profit overall.
Buffett's investment in silver is a reminder that even the best investors can make mistakes. However, it also shows that even when investors make mistakes, they can still learn from them and come back stronger.
#warrenbuffett 
#silver 
#investing #stocks #finance #business #economics #market #trading #money #investingforbeginners