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Is Warren Buffett Buying Silver?
In this video, I discuss how Warren Buffett has been a net seller of stocks in 2020; and I speculate that Buffett may be considering various commodities and precious metals (like silver and crude oil) as hedges against excessive central bank money printing.

Buffett has a history of owning silver, including in the late 1960's as a hedge against the U.S. leaving the gold standard, as well as 1997-2006 when U.S. stocks were overvalued.

Buffett has repeatedly bad-mouthed both gold and Bitcoin, so silver seems like the natural choice if he is looking for a long-term store of value that is not stocks.

Unfortunately, the total value of the world's silver is small relative both to Berkshire's market cap, as well as its cash holdings. It would be virtually impossible for Buffett to take a meaningful position in silver without massively driving up its price.

Not investment advice! Consult a financial adviser.

Berkshire's enormous cash hoard:
https://www.bloomberg.com/news/articles/2020-05-02/buffett-stays-on-the-sidelines-amid-market-tumble-as-cash-climbs

Buffett keeps selling stocks in May:
https://www.reuters.com/article/us-investment-funds-berkshire/buffetts-berkshire-slashes-goldman-stake-exits-phillips-66-travelers-idUSKBN22R3DL

Charlie Munger on money printing:
https://www.wsj.com/articles/charlie-munger-the-phone-is-not-ringing-off-the-hook-11587132006

Buffett 1997 letter to shareholders:
https://www.berkshirehathaway.com/letters/1997.html

Buffett and precious metals:
https://www.forbes.com/sites/greatspeculations/2019/09/16/look-which-precious-metal-is-beating-warren-buffett/#4792c4b931c7

Buffett, silver, and a new billionaire:
https://markets.businessinsider.com/news/stocks/warren-buffett-bought-3500-tons-silver-made-thomas-kaplan-billionaire-2020-5-1029228443

Global stockpiles of silver:
https://www.gainesvillecoins.com/blog/how-much-silver-in-the-world

Berkshire key statistics, including cash holdings:
https://finance.yahoo.com/quote/BRK-A/key-statistics?p=BRK-A

My favorite gold royalty stocks:
https://www.youtube.com/watch?v=313gvI1e9Lw

Matthew Kratter is the author of the Amazon best-seller "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here:
https://www.trader.university/join

Use this secret coupon code to get a discount: YT99

#WarrenBuffett
#Silver


Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisers, registered investment advi
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