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Warren Buffet will always tell you not to hoard precious metal, but he did

By the way Warren Buffet will always tell you to hold. Warren Buffet also says he would never buy gold because it is just a lump of metal. No interest, no dividend. But in 1997 he bought 129 million ounces of silver or 13% of the global market. 13% of just a lump of metal which gives no interest or dividend. He liquidated in 2006 at a 200% return.

 

Gold market investors and traders have a saying. Do not do as people say. Do as people do.

 

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Warren Buffett became a record sized Silver Bullion stacker beginning in 1997. Dig into the details of this 129.7 million ounce silver bullion position. His buy sell trade timeline. How it blew out silver lease rates to 75% in 1998. And questions on the 2006 sale of said record sized silver hoard.

 

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