Silver investors are likely familiar with Warren Buffet’s foray into physical silver, and how he was forced out of his 130 million ounce silver position in 2006- roughly the same time-frame as the launch of the silver ETF SLV.
Could buffet be attempting to re-enter the silver market, under the cover of solar energy?
MidAmerican Energy Holdings, a subsidiary of Berkshire Hathaway has announced a deal with SunPower to build two solar projects in California’s Antelope Valley totaling $2.5 billion- the largest solar project in history.
Perhaps our friend Blythe should take notice that production is scheduled to begin Q1 2013. [Read more...]
In a PBS interview with Charlie Rose Monday, Warren Buffett made the case for JP Morgan Chase CEO Jamie Dimon to become the next Secretary of the Treasury when Timothy Geithner steps down. Buffett stated, ”If we did run into problems in markets, I think he would actually be the best person you could have in the job”.
If Howard Buffett were alive today rather than turning 5,000 RPM in his grave, we suspect he might recommend Ron Paul as the best person you could have in the job.
Highlights of the Buffett interview below: [Read more...]