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Mp91

245 Posts.

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15/08/20

18:31

Post #: 46567112
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Originally posted by Skol: ↑

I know it's hurting at the moment as your worthless goldies get a smashing, but it's quite early days.

This is after a good 10 seconds thought.

1. Buffett could be wrong and there's very condescending posts on the internet about this decision.

2. Buffett is betting on copper, not gold, Barrick produces a lot of copper. Copper's up a lot since Buffett took his bet.

3. There's suggestions on the internet that Buffett didn't make that decision.

4. Buffet has bet on what he thinks is a single undervalued stock, not gold.

5. Due to 13F filings Buffett took this bet 45 days ago at least, so he could well have bailed out because Barrick is up since then.

6. This is from the Motley Fool.

7. Buffett is betting on gold which he has no time for after a prolonged and recent near vertical spike....HELLO!!!!

8. If history's any guide, gold's a sucker's bet, look at a recent chart.

9. The Barrick chart is showing a huge gap, which if not filled, might not be much fun.

But anyway, I'm sure my posts won't stop you from 'backin' the truck up' and doing a bit more 'stackin'.

Errr, no I won't be taking Warren's advice.

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94% gold 6% copper, again he aint betting on copper mate

, and you think buffet the advocate for long term holding sold in 45 days

laughable

and you quoting motley fool now,thats a low point for you

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