Tooli, W Buffet was BRAVE to have invested ( how many billion?) in Goldman Sachs preferred guaranteed yield scrip when the world around US and the west were melting. Not to mention Paulson shorting at the top pre-gfc.
Ditto gold direction but hedging my bets. History does not replicate future. There is a certain randomness of market outcomes even using the best fundamental research. How many research were 'ringing the bell' at the top pre-gfc? What happened to all the smart analyst at the time?
Are you shorting paper gold? If not why not?
Gold just fell off a cliff..., page-132
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