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The fact that he moved away from banks and into the Gold sector,...

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Cosmoterios

19,072 Posts.

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15/08/20

10:18

Post #: 46561316
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Originally posted by Goldnumber: ↑

Yes even the Buffet or as in airlines blewit is trying to get back $$ and yes as many are aware = GOLD is his answer.
Tried looking for skolsters quote in that he will get into Gold if Buffet does, but gave up on that.
I think skolster was in out (nervous hands) already in gold, still good news's coming???
I also have suspicion skolster into oil & & one of my older investments and that is going sideways.
Trent mentioned if stop fracking black gold could get 80$ a barrel ? so that is what I see as would of been its norm as now.
If new party in US & frack gone, 80 would hold 5 years as mean , then drop 20for 5 years , then drop 20 for 5 years with electric cars..
BUT GOLD.
I do think the Buffet is no Bluffet. Gold will rally from this man alone, he may take over from Trumpet as the biggest Goldbug.
Trump is a bit of a flip flopper and as seen thrown gold under the bus in dropping its price this past week anyways.
So Robin Hood investors at the casino are getting challenged in everyone's a winner as markets goes sideways.
Where be that next trillions of printed stimulus make up money. Investors are nervous.
Will politics allow $$ to be trump spent before the election he can say he is so good from. (so bad)
Trump admin started office with 19 trillion gov debt and household had way more asset than loss.
Now REAL = 26.640 Trillion gov debt and Trump has depleted all and wants trillions more, assets citizen =389.7K debt =468K (huge swing
Make up $$ as conservative capitalism is now a contrary as helicoptered to rich and minimum to masses to stop rioting.
Gold has learnt again from the now, new corruptors of these times, and has built foundations, that again precious, will climb from.
Buffet is only one of the smart monies moving away from casino and into wise gold in wealth storage & producing.
The VIX (volatility index ) will be watched before the US election and if the rigged trump card is played maybe many months after.
There is a generation changing of the guard in the whole finances coming soon (months away) and new leaders will lead or forces will demand.
Watch for the world meetings and the new reset beginning the next finance generation. (as economies no longer can carry their lies or losses.
Gold will get 2.5K before xmas, and the new year will hold and climb higher in the next gen of digit gold backed exchanges. (paper = museum
Gold will be more & more desired as wealth. Demand will demand more & more in stressed more & more supply.
& it took this long for Buffett to have a brain behind so many others before and also now still belated to appreciate as PRECIOUS.
-dyor as disclaimer
Go GOOD Go OLD Go GOLD

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The fact that he moved away from banks and into the Gold sector, should tell you a lot, about what he thinks the future will be.

Lets not forget Buffet started investing in Apple, in 2016, when it was trading around $100 (yes, $100 dollars a share).

Current Apple share price: $459 dollars.

Remember, he is a value investor.

So draw your own conclusion on that.
9 Upvote

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