I like gold, but
TwoSides2aCoin
Posts: 44,293 ✭✭✭✭✭
TwoSides2aCoin
Posts: 44,293 ✭✭✭✭✭
TwoSides2aCoin
Posts: 44,293 ✭✭✭✭✭
Comments
If he is going to talk he should talk about how he is apparently ok with the way wells fargo treats its customers
My gold is not an investment. It is an insurance policy. And unlike many insurance policies it will always have cash value that is usually more than it's original cost.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Somehow I think your " insurance policy" looked alot WAY better than mine policy (s) when laying them all out on the kitchen table...
Perhaps the Oracle could use a lesson in diversification. I sleep much better with gold, butter and beans under my pillow then say a share of apple stock. That's not to say I don't own all of the above.
The whole worlds off its rocker, buy Gold™.
I was envisioning something like this.
Makes sense, but I still like gold !!!
Hindsight is always 20/20.... Foresight needs glasses... Gold is a good insurance policy.... Cheers, RickO
I say its 50-50. You were either right or wrong.
Knowledge is the enemy of fear
@Zoins.... Either way, you could see it....Cheers, RickO
LOL, don't put your eye out with those assault gizmos.
The whole worlds off its rocker, buy Gold™.
He got lucky. He was born in the US and the US has remained strong. What if he'd been born in Rhodesia in the 1960s? Or what if, instead of 1942 (taking advantage of the huge boom of war and post-war), he'd been born a little earlier and bought in 1927 before the 1929 crash? Or if he'd been born later and invested before 1987's Black Monday or Dot Com crashes?
Warren Buffett is worth 83 billion dollars. He doesn't need insurance of any form.
Still. It's odd to think that someone who is so "anti gold" on the surface still managed to buy 130 MILLION ounces of silver.
--Severian the Lame
May I suggest silver
Loves me some shiny!
I love gold, but I love earning money more. Tomorrow I see what my money at Fidelity Investments earned in interest for the month. My paper has been out there hustling income for me. My gold and silver are sitting in the vault lazy, doing nothing productive at all.
If frogs had wings they wouldn't bump their asses so much.
Remember Buffet said 'PMs are dead money' and liquidated his PMs. So I keep that in mind when relating what an article says he said.
I usually have taken some out of my IRA every month or so, but leaving it alone since it has been growing (Fid/Rowe). It recovered from the tariff drop and more. So I ask myself which fund should I take some money out of next, my securities fund, my cash reserves, my midcap fund, etc. Then it hits me, would I keep one of those funds if it never grew over the last decade and likely not going to very soon and would I keep paying fees just to hold it. Then I remember Buffet and sold 3 oz of Au.
Buffet is like the anti- Christ on a PM buggers forum.
;
Yup, just a lucky guy, no more, no less.
this might be closer then we realize ( for some of us)