Yeah mate JP Morgan didn't quite say Cash is trash but what he did say was " gold is money and everything else is credit". and thats when cash was actually worth something.
Buffet is an Establishment insider so he will be privy to the game. Bank of America may well be being set up to be the "sacrificial lamb" to get the financial crisis underway. If you look at the big guns of the Establishment who are major corporate owners then they are selling as well. The US Banksters have been printing and pumping massive dough into the Broader Ponzi scheme to keep it afloat and keep the crisis at bay. This will have serious consequences and probably very soon.
The US Banksters are desperately capping silver and if it breaks higher then they may decide its time to trigger the onset of the crisis.
The time to "get in the lifeboat" is before the crisis rears its ugly head. So by rights you should already be in it as best you can.
PRU chart, page-457
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Last
$2.84 |
Change
-0.010(0.35%) |
Mkt cap ! $3.908B | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.89 | $2.81 | $12.62M | 4.431M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11148 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 12887 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| PRU (ASX) Chart |