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'You did me a great favor': Billionaire investor Thomas Kaplan personally thanked Warren Buffett for buying 3,500 tons of silver

'You did me a great favor': Billionaire investor Thomas Kaplan personally thanked Warren Buffett for buying 3,500 tons of silver
The Electrum Group



Thomas Kaplan thanked Warren Buffett in person for buying nearly 3,500 tons of silver, he told Business Insider.




"You did me a great favor," the billionaire recalled telling the famed investor, as the 1997 purchase relegitimized silver as an investment and enabled his silver company to go public.




"Glad to hear it," Buffett replied.




Kaplan said Buffett's silver bet was "one of a string of just ridiculous strokes of luck," including an introduction to George Soros and billion-dollar discoveries by his silver and energy businesses.




Read more about Buffett's unusual silver purchase and how it transformed Kaplan's career.




Visit Business Insider's homepage for more stories.



Billionaire investor Thomas Kaplan personally thanked Warren Buffett for buying close to 3,500 tons of silver in 1997, he told Business Insider in an interview.
"I really have to thank you," Kaplan recalled telling the Berkshire Hathaway boss at a dinner several years later, as the purchase eliminated the stigma around the metal and helped him to take his silver company public.
"You did me a great favor in my career," he added.
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