Is Warren Buffet planning to buy Gold by predicting it will clash?
Feb 14, 2012 at 20:31
1,061 Views
6 Replies
Member Since Jan 26, 2012
25 posts
Feb 14, 2012 at 20:31
I read an article today of Warren Buffet saying those investors runing to Gold as safe heaven are not wise, that Gold will soon clash, when i read this article, it scares the shits out of me that i have to take precautions when i was trying to enter on Gold trade today, but never did it.
But my intake is that i think he is just being sentimental hoping his comments about Gold drives it down, so he can buy with billions of dollars, so what's your intake on this?
Main article https://www.business2community.com/trends-news/warren-buffett-slams-gold-investing-0132960
But my intake is that i think he is just being sentimental hoping his comments about Gold drives it down, so he can buy with billions of dollars, so what's your intake on this?
Main article https://www.business2community.com/trends-news/warren-buffett-slams-gold-investing-0132960
In God We Trust
forex_trader_64453
Member Since Feb 03, 2012
35 posts
Feb 15, 2012 at 07:13
I guess is inverse psicology.. nice pamm mechael
Member Since Jan 26, 2012
25 posts
Feb 15, 2012 at 17:50
Thanks man
In God We Trust
Member Since Aug 16, 2010
453 posts
Feb 16, 2012 at 01:02
Buffett is very us-patriotic and pro-stocks, he can sit out another 10 years of downturn market, luckily he can afford medical treatment to live till 120. Soros also called gold the bubble just to provoke the pullback and bought himself heavily. With US printing debts to the level they won't afford to service if they raise the interest rate you won't see any rate increase even past 2014 as Bernanke stated and inflation to eat out the debt value. Gold will only rise so as other commodity currencies.
Was mich nicht umbringt, macht mich stärker.
Member Since Jan 26, 2012
25 posts
Feb 16, 2012 at 07:11
mistificator posted:
Buffett is very us-patriotic and pro-stocks, he can sit out another 10 years of downturn market, luckily he can afford medical treatment to live till 120. Soros also called gold the bubble just to provoke the pullback and bought himself heavily. With US printing debts to the level they won't afford to service if they raise the interest rate you won't see any rate increase even past 2014 as Bernanke stated and inflation to eat out the debt value. Gold will only rise so as other commodity currencies.
You are right
In God We Trust
Member Since Feb 16, 2012
1 posts
Feb 16, 2012 at 11:59
u can follow Warrren Buffet on twitter; https://twitter.com/#!/BuffettInvestor
forex_trader_28881
Member Since Feb 07, 2011
724 posts
Feb 17, 2012 at 02:24
In the 70's gold was $800 an ounce, today that be $3000. If US had to go back to gold standard gold would have to go to a whopping $45 000 an ounce.
Smart move to keep some around if you ask me.
Smart move to keep some around if you ask me.
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