The world's richest man looks set to invest in silver.

[4rcane]

I don't think its true. I find it odd, that news of him getting into silver are posted first before he actually in silver yet

[charlesfuchs]

He was already highly invested many years ago. He is just focusing on probably investing in mining companies which is liquid for him. I dont see him buying any physical, maybe the PSLV in vast amounts at one time.

[BarryGoldwater1]

Great information, Andy. Thanks for it.

I'm quite happy to hear about this. Very interesting story.

It would be quite a giggle to have gotton into silver before Mr. Slim.

(Plenty of tea with honey for a sore throat.)

Goldwater

[donniebrasco24]

VIVA MEXICO! we will thank the mexicans for making we small dog silver investors rich if carlos slim gets into this market, it will be like the hunt brothers times 10!!! silver will be at 500 bucks an ounce if he corners it!

[BiggerThinking1]

@donniebrasco24 can silver be cornere now that most of it is gone and its been rising steadily for 10 years now - meaning ownership is so well spread out that no-one can come into the game now and buy it all up

???????

Anybody got any ideas on this?

[donniebrasco24]

@BiggerThinking1 of course it can be cornered more so than ever, there is alot less to buy and thus corner...

[BiggerThinking1]

@donniebrasco2 but isnt it all already in investors hands - so they cant get their hands on it without bidding the price up?

[donniebrasco24]

@BiggerThinking1 not really, most silver that is invested in is in etf form. Im sure he can corner the market just buying up paper silver too... there is still alot of physical silver out there for sale, theres a lot of people taking profits on their silver at the moment

[Doenietmeermee]

slim is smart in Dutch

[donniebrasco24]

@Doenietmeermee slim is rich in mexican! lol

[JOHNNYH8STHENWO]

I wonder what will happen to the price if this guy jumps into the market. I'm planning on making another big purchase, hopefully this month, if not in February.

[Hendo1974]

LOL! Too many of us still have the flu, widespread here in the UK, nice upload, keep up the good work, Cheers! Keep strong!

[traitorsbeware]

He is a little late burying silver isn't he? Gold has increased in value 83% relative to it's price last year, not realized profit. and also relative to what purchasing power?

[CelticReject]

Carlos Slim. What a great name for singer. Something like 'Carlos Slim and the Boiler Fitters'.

[heidisweep]

evening squire have you tried colloidial silver through a nebulizer great for owt like that mate.bought half sovs with me little girls money i was putting to one side for her about 18 month back ive bit the bullet and blobed em moving her in to silver tomorrow or looking at kitco maybe keep my powder dry for a few days . wish i'd bought her silver from the start but the long term outlook for silver blows gold away .

[momentous11]

Take some colloidal silver that should clear the flu.

[goodagofilms]

silver is going down! as it's price is alot of % paper it will bounce back tho! take profit now i think.

[TheHolySpirit]

@goodagofilms u mad? It's got a looong way to go yet. Don't let little speed bumps in the road spook you. ;)

[143DREWID]

@goodagofilms

Fiat paper profit?

Where would one sustain value of profit.

Silver will hold long term, availability later may be limited, if price does decline as stated.

[unixsystems]

Good to see you back in the saddle mate, and pleased you're on the mend.

Another great vid, look forward to more in 2011.

Hope you managed to get some more silver before the dreaded VAT increase.

[NowisEvollovetion]

@unixsystems Cheer's, yes I am slowly getting rid of this bloody flu.

I had to have about thirty goes at making this short vid as I just could not stop coughing.

I have not bought any silver for about a month now, been to busy moving house. It has cost me a damn fortune.

I am keeping an eye out though for any potential bargains in the offing.

Andy.

[unixsystems]

@NowisEvollovetion

I hope you didn't sell any of your silver to finance moving house :)

That's real persistence Andy - 30 takes for the vid, what a hero! The flu is rampant in the UK this year, for sure.

In terms of accumulating silver, you were well ahead of the game anyway. So, being able to add to our positions is just a bonus now.

For those who are new to the silver game, the price versus the fundamentals are still exceptionally good, to say the least. So, don't be put off.

[NowisEvollovetion]

Sorry guys and gals I misunderstood the article, Mr Slim is looking to purchase Fresnillo, he does not already own it.

This, is aparently the best way for a man of his wealth to buy into what is a relatively small market.

Andy.

[unixsystems]

@NowisEvollovetion

Thanks for the clarification Andy. It doesn't really matter if he is looking to buy physical or a mining company. He's still going to get exposure to the silver price - he owns the company, he keeps the silver and squeezes the already tight marker even further. There are those a lot clever than me who argue that he will likely get more leverage from a company mining silver than owning the physical.