tag:blogger.com,1999:blog-3758330678390419129.post6399730453057574652..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Buffett Disses GoldRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-83068595950866514932011-04-30T20:32:27.846-04:002011-04-30T20:32:27.846-04:00Buffett gets a direct line to the white house and ...Buffett gets a direct line to the white house and Treasury. They assure him they're going to bail out the banks. So Buffett stands up and very publicly invests 5 billion in Goldman preferred shares and options to invest 5 billion more at $113. "WOW, damn, BUUUFFEETT believes in GS!!!" The mainstream press cooed.<br /><br />My comment: "Hey Buffet - you're no goddamn genius!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-68147123761572936282011-04-30T14:38:23.074-04:002011-04-30T14:38:23.074-04:00Ah, but Buffet has learned over the years that bei...Ah, but Buffet has learned over the years that being first in line to get those newly printed dollars is a far better deal then Gold. By the time you and I get those same dollars, they are worth a little less and Buffet will have had them invested for months or years. On the flip side anyone that listen's to Buffet for what to invest in is a fool. Buffet has a history of saying one thing Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-77175483433330268212011-04-30T14:32:32.500-04:002011-04-30T14:32:32.500-04:00LINK to Justin Smyth's fine work: http://www...LINK to Justin Smyth's fine work: http://www.financialsense.com/contributors/justin-smyth/gold-beats-buffet<br /><br />Listen to whoever you want, the facts are the facts and when Uncle Buck (the USD) dies who gives a flip about paper.<br /><br /><br />Year Berkshire Hathaway Gold Relative Results<br />2001 -6.2 1.4 -7.6<br />2002 10 24 -14<br />2003 21 21.7 -0.7<br />2004 10.5 5 5.5<br />Davoshttps://www.blogger.com/profile/01529431229251423593noreply@blogger.com