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Charlie says don't buy gold

bronco2078bronco2078 Posts: 10,212 ✭✭✭✭✭
in Precious Metals


What a strange dude


its uncivilized




I agree with some of what he says but I'll keep on stacking


Comments

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,358 ✭✭✭✭✭
    I thought diamonds in those days 1939-1945 were the preferred means of secreting wealth. Gold is too heavy and not easily ingested in a pinch.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    I can understand a young person thinking that but an old codger like him should know better.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • golfer72golfer72 Posts: 3,588
    He is a fool
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Opinions, like sphincters, are common among humans... image Cheers, RickO
  • RedTigerRedTiger Posts: 5,608 ✭
    Charlie is strange dude. He could be the poster boy for "Money Doesn't Buy Happiness." Despite amassing a fortune of $1.7 billion USD, he comes off in public as an angry, bitter old man, with the antagonism he seems to carry for various groups. Obviously, I don't know him personally, but many of his public appearances do not show a good side of him. The other rather obvious thing is that someone who made $1.7 billion in the stock market, starting with next to nothing, is unlikely to have a favorable opinion of gold. To paraphrase that old Saturday night live bit, "the stock market been very very good to Charlie."




    Investment blog: gold, stocks and more
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    Central banks don't appear to be listening to him. They probably know something that Charlie doesn't know.

    "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

  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>He is a fool >>



    Agree---As the old saying goes "There's no fool like an old fool."

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • bronco2078bronco2078 Posts: 10,212 ✭✭✭✭✭

    I watched the whole video and I felt like he should have had a few cups of coffee beforehand , it would have been over in 10 without the pauses.

    If the camera hadn't been on becky half the time I would have nodded off.





  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Was his buddy Warren "uncivilized" as he socked away 120 MILL ounces of silver from 1995-2006? You mean it took over 10 yrs for Charlie to get through to WB? image
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Anyone who invests based on the "public pronouncements" of media-savvy billionaire investors isn't thinking clearly. They're most likely not putting the information out there to gratuitously help you; it's being spread out there for their own benefit. What benefit they're getting in this case, I don't know. But as RR correctly points out, Buffett put a ton of money into silver in the 1990s... so I wouldn't put anything past them. You're more likely to prosper by doing the opposite of what they're publicly recommending.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • GRANDAMGRANDAM Posts: 8,505 ✭✭✭✭✭
    Invest in the suggestions of CNBC News and LMK how that works out for you image

    GrandAm image
    GrandAm :)
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