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Buffett isn't entirely adverse to metals such as gold, the reason he doesn't buy gold is he doesn't think it's often undervalued. His history with silver for e
by adventured 6y ago
Buffett isn't entirely adverse to metals such as gold, the reason he doesn't buy gold is he doesn't think it's often undervalued.
His history with silver for example:
"Warren Buffett made an unusual move in 1997 when he bought 111 million ounces, or nearly 3,500 tons, of silver. The famed investor's purchase helped make Thomas Kaplan a billionaire."
https://markets.businessinsider.com/news/stocks/warren-buffett-bought-3500-tons-silver-made-thomas-kaplan-billionaire-2020-5-1029228443 https://markets.businessinsider.com/news/stocks/warren-buffe...
https://seekingalpha.com/article/376711-evidence-that-warren-buffett-manipulated-the-silver-market-in-late-1990s https://seekingalpha.com/article/376711-evidence-that-warren...