Leister

A quick story regarding silver as I take a bit of a victory lap.

CryptoTalk.fm.

My name is Leister.

I am your host.

Silver is on route to breaking past the $100 per ounce threshold, which is a psychological threshold.

i thought it was a good idea to take a victory lap there's two victory laps one of the victory laps is the fact that for months i have on cryptotalk.fm encouraged you to consider precious metals and i said that i still feel silver is underpriced and i recommended that people pay closer attention and some listened and some didn't

and that's one victory lap we are now seeing silver continue to rise and i explained some of the macro factors that are playing in on that but bottom line the supply crunch is real the paper situation the comex and everything else is real and here we are but what you may not have known or understood at the time

Warren Buffett, who many believe is one of the, if not the greatest investors of the time.

So Warren Buffett, the story, and it relates to silver in one key way in the nineties, in the late nineties, early two thousands, he bought his company.

Berkshire Hathaway bought over 37% of the entire supply

silver that was available at the time I'm talking worldwide over 111 million ounces of silver he bought 3.5 essentially at like 3,500 tons so can I just have you breathe for a minute and understand was this guy a lunatic was he crazy was the out of his mind he was not what happened is

Silver's price at a time was 50 bucks per ounce.

And then it crashed down to $10 per ounce.

And when it crashed to $10 an ounce, he bought the major dip and he kept buying and he kept buying and he kept buying for almost 10 years.

He does a message to shareholders and he said,

Look, I think the government there, there's going to be a separation in value called demonetization for the government.

been watching this i didn't buy it but i was watching it now i think there's an opportunity here because the inventories are dropping and i think that they're going to need to balance out at some point that this is going to win so he goes on major buying sprees of silver at the time now i don't know how much he did or didn't sell i'm assuming they must have sold some at some point but let's assume that they didn't sell

111 million ounces of silver at the time if they hadn't sold based on silver's current price that's an easy close to 11 billion dollars simply because the man was smart enough to buy at ten dollars an ounce and buy as much of it as he thought was practical

when it was ten dollars an ounce because he was smart enough to realize that when it's a precious metal of that kind it was going to go back up at some point he just wasn't sure when and he knew that the government was going to screw up and separate in terms of value and unbalance everything such that it would cause significant demand on the back end

The reason I'm sharing that story and why I'm taking the, the second victory lap or the first rather is I want you to understand the thought process behind why I am encouraging people to pay more attention to precious metals right now.