Buffett only invests in things he knows something about… Clearly Gold is something that does not fall into that category (Gold outperforms Buffett for ten yrs. straight)

Posted on February 24, 2012 by maxkeiser| 5 Comments

‘Gold Bullion or Cash’ Shows Buffett, Roubini, Krugman Mistaken; Faber, Rogers, Bass, Einhorn, Gross Correct

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5 Responses to Buffett only invests in things he knows something about… Clearly Gold is something that does not fall into that category (Gold outperforms Buffett for ten yrs. straight)

Keehotee | February 24, 2012 at 2:41 pm |

You will know them by their actions (not their words)

I’m pretty sure the old bastard still owns over 100 million ounces of silver, warehoused in Europe
Al Kyder | February 24, 2012 at 3:14 pm |

Even my stupid rightist local paper had an article slamming Buffet about gold.
Dr. Richard Head | February 24, 2012 at 4:38 pm |

Don’t foget that Buffet’s mentor created his fortune right before Gold became illegal in the United States of America (Said in a hick-cop accent).

“So who did Warren Buffet learn from as he began his business ventures and investing career? It was Benjamin Graham, who many consider the dean of financial analysis.
Graham was born in London in 1894, and moved to New York City with his parents as a baby. He attended Boy’s High in Brooklyn, and went on to Columbia University. He graduated with his BS at age 20, and was elected to Phi Beta Kappa.

He started his financial career immediately after college as a messenger for Wall Street firm Newburger, Henderson, & Loeb. He worked his way up through the firm and was made full partner. By age 25 he was earning $600,000 per year–this was in 1919. That’s literally millions in today’s dollars.

In 1926 Graham started a partnership with Jerome Newman. The brokerage managed to survive the 1929 crash and the Great Depression, but Graham secretly lost all of his personal fortune. This same firm hired young Warren Buffet approximately thirty years later.” – http://www.buckinvestor.com/basics/mentor.shtml
JonnyJames | February 24, 2012 at 6:36 pm |

Why won’t that old fuck just die already. Only the good die young I guess. Murdoch and Kissinger are living dead also.
BankingThief | February 24, 2012 at 9:58 pm |

Buffet does know something about precious metals he took a huge silver position, 20% of the market, when silver was $5 and rented it back to the exchange. ;D