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It's Good Enough For Warren Buffet
By Scott Bianchi -
I have written an article or two about precious metals with very weak reception. I did not think it would be a huge reception but I thought there would be more interest. Precious metals are not understood by many people. I got into precious metals, more specifically silver, about 3 years ago. I have moved some of my investments in my IRA from more traditional investments to silver. My financial advisor was hesitant when I first discussed it with him. I know he did not agree with my move. I also know he makes no money from the move so it does not benefit him at all. This is probably a large part of the reason why he didn’t agree.

I have recently left my job and I will be transferring my money from that 401K program to my IRA. I will be spreading it out over the precious metals with the majority going to silver. Many people do not realize the silver supply is not what it once was. I have read articles in the past discussing the silver supply. Some experts feel there are more “shares” of silver sold and owned by investors that there is actually silver left on the planet.

Hopefully most people reading this article know who Warren Buffet is. I am assuming you do because you are reading articles relating to investing. For those that don’t know who he is, he is the second richest man in the world. He is only a couple billion behind Bill Gates with an estimated value of roughly $42 billion. He made his fortune strictly through investing whereas Bill Gates did it with his company. Back in the late 90’s Mr. Buffet bought 130 million ounces of silver. If you read the article I have attached:

http://www.gold-eagle.com/editorials_05/dross022806.html

You will see he clearly knew what he was doing. The silver ETF was approved since the above article was written and since its approval the price of silver is going up. It has only been a few days but it is on the rise. If a man that is worth $42 billion, who has made his money in investing, is buying silver I am thinking there is good reason for it. The article indicates he may be supplying the company responsible for the ETF with the amount of silver they need to open for business but even if that is the case he still knew silver would be exploding in price at some point and has worked himself a deal to make a few more billion.

There is no way

Further development in North Herts in early 2009.
CAMPAIGNERS have received support from councillors in a bid to stop houses being built on Green Belt land surrounding their town.<BR><BR>Two presentations were made at the North Hertfordshire District Council's Hitchin area committee meeting last week by groups opposing plans to build hundreds of new homes around Hitchin.<BR><BR>Representatives from West Hitchin Action Group and Hitchin Forum spoke at the meeting of their opposition to further builds and Hitchin's councillors unanimously opposed development on Green Belt land surrounding the town.<BR><BR>The proposals, which include building rows of houses west of Lucas Lane on the western edge of the town, are part of the district council's land allocation plan which could see thousands more homes being built across North Hertfordshire.<BR><BR>These plans have in turn been moulded by the East of England Plan.<BR><BR>The council's consultation period ended last Wednesday, and it is likely to announce its preferred options for further development in North Herts in early 2009. <BR><BR>News- UKLI

to know how much silver will be worth in the near future. But, there is no way to know what your GE stock will be worth, or whatever the company may be. But, at a current price of roughly $11 an ounce it is a safe bet that you will be making some money. Certainly the risk of losing money on silver is minimal at that price. When it is at $11 an ounce there is not much room to fall.

One other difference between silver, or any precious metal for that matter, and a regular stock is the precious metals have value. The stock is a piece of paper. If you have 1000 ounces of silver in your possession, whether at home or in a deposit box at your local bank, you know your investment has value. It can always be sold for some money. Precious metals have been around for centuries. They were used as currency in many countries and they are still used in some countries to this day. Our United States currency was once backed by silver and gold.

China has previously not allowed its citizens to buy silver and gold but recently began allowing them to buy. They have been using some of their savings to acquire as much of the precious metals as they can.

People are afraid to do something different. I have been pushing the benefits of precious metals and Forex trading. Many people know very little about either of them and they keep away from them. I say that people need to stop being dependant on their financial advisors who make money on the sales they recommend. They are in it for themselves first. Your goal is to protect you, not them. If the second richest person in the world can spend $1.3 billion of his own money for silver then why shouldn’t you spend a few hundred to get yourself started?

Article Source: http://www.articleinterchange.com

Scott Bianchi operates www.best-internet-bargains.com . He writes on a variety of topics. If you would like to be added to his distribution list for his new articles when they are published just send an email to articles@bestinternetbargains.com .

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