Warren Buffett On Gold.
Will1960
Posts: 76 ✭✭✭
https://finance.yahoo.com/news/warren-buffett-proves-investing-stocks-beats-gold-153955279.html
I still enjoy owning some.
0
Comments
When Warren Buffett can buy his very own senator so that a healthcare bill passes in order for his insurance companies to benefit while his own state is exempted from the worst part of it, and when he can influence the roadblock to Keystone XL for years to prevent the building of a much more economical solution to crude oil transport than his accident-prone railcars - we can safely assume that good old Warren has his own agenda when it comes to everything else, including gold and stocks.
I knew it would happen.
One can move markets up or down if one has enough money.
"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
Take it off the paper and sell it like the good old days and see where it go's. I would go to jail if I sold something I did not have but the market can do just that some day it will bite them in the back side.
Hoard the keys.
If his holdings were researched, I would bet there is gold among them.... Cheers, RickO
How about both!
100% Positive BST transactions
Warren is a market maker. He quietly bought AAPL during the last 4 months. Then he announced that he bought $75,000,000 worth and it went through the roof. He's made $30 per per share on the announcement and I suspect he's selling it all off as I type.
bob
T Boone Pickens was gobbling up Boeing stock and everyone thought he was trying a take-over so the stock soared. He sold the stock and made $5M on the deal. When the press asked him about take-over plans he said he didn't have any - he just felt the stock was undervalued.
Must be nice to have that much sway.
Make that 75 million shares or about $10 billion dollars worth. It is estimated he will receive $700 million a year in dividends on his Apple holdings of around 245 million shares or 5% of all outstanding shares.
it's crackers to slip a rozzer the dropsy in snide
Warren Buffett is not going to hype gold, he wants people to have faith in the u.s. dollar. once the people no longer trust the dollar, it will be worth nothing, as it is not backed by gold. he has a lot of fiat dollars to protect
I wish gold paid a dividend.
Knowledge is the enemy of fear
Stick with Coke and Apple, WB.
It doesn't need to, it's an insurance policy. Does your car or homeowner's insurance pay a dividend unless something happens. Life insurance does, but the person that has it doesn't get to collect it.
It's not an insurance policy.
Knowledge is the enemy of fear
It is. That's the reason all KNOWLEDGEABLE investment counselors recommend people to have 10% of their portfolios in gold. It is insurance against a crash, and you don't lose it cashing in on it.
Really? That's only recommended by those that are PM peddlers. Please, post your proof to the contrary.
Oy vey. Shaking my head.
Knowledge is the enemy of fear
Conchale!
I learned a long time ago if you can’t beat them join them. Life ain’t fair. I’ve owned Berkshire for 15 years. My only mistake was not buying it earlier and not buying more B shares when they were released.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Ha, The chances of Warren selling off his Apple after 4 months is roughly zero. Warren is a capitalist and has had advantages many don't in the world of investing and I like having a little shiny metal. but let's be real here, most people would be and have been, much better off following Buffets advice than any adviser past or present, pumping gold as anything other than a small piece of a diversified portfolio.
I’m very wealth and got stuck with this stock and it’s been a while. Once the regular Joe has forgotten. I will go on TV and say how I am all in on said stock. Once Average Joe who want to be me goes ahead and buys enough I will sell off my stock. Crisis avoided. Rinse and repeat. How about Wells Fargo I hear they are gonna be real tough on them self’s this time. New beginning.
Best place to buy !
Bronze Associate member
Phil’s Gang
Best place to buy !
Bronze Associate member
13Fs are mandatory, so don't get to caught up on the "public announcement" thing, you may dislike WB because he trashes gold or for what ever reason, but he is no pump and dumper.
if you buy Berkshire B shares you are basically in the trades by proxy
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
BRK.B has averaged 10.0% annual return in the last 15 years. Gold, in that same timeframe, is up 9.4% annually. On a $10K initial investment, that’s about a $100/year difference. And neither pays a dividend.
Sure, you can pick out times where one vastly outperforms the other. That’s how spin doctors make their living.
wells fargo is in the news again for altering customers information without consent. This is probably the most corrupt big bank out there but Uncle Warren appears to be okay with how they operate.
here is at least a partial list
https://www.corp-research.org/wells-fargo
Now they're apologizing for being crooked... wait, they're just saying they are rebooting to a new future. And yet they screwed new customers. I can't believe people still bank with them. They were my bank for about a month after they took over my regional bank. That was about all I could take. Our payroll dept asked why I was changing banks when I had my direct deposit changed from then to another bank. I told them that WF did banking a little different than other banks. And her reply was, "No, they do banking A LOT different than other banks."
Mine does. USAA ftw
Do you get to hold the premiums?
"Gold Is Money, Everything Else Is Credit"
What Warren always gets wrong is that his argument offers a false dichotomy. I would not necessarily pit stocks against gold, I would pit gold against fiat.
He's correct in saying that gold just sits there and does nothing, but so does fiat...except fiat is constantly devalued by inflation. If you have some fiat saved, and don't want to put more into the stock market, then gold and/or silver offer potential protection against the constant erosion of fiat.
Sep 5th 2001 gold @ $271/oz.
Sep 5th 2011 gold @ $1895/oz.
Guess if you boarded and exited the train at these times you did very well.