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Is Warren Buffet planning to buy Gold by predicting it will clash?

MainTrader (MainTrader)
Feb 14 2012 at 20:31
25 posts
I read an article today of Warren Buffet saying those investors runing to Gold as safe heaven are not wise, that Gold will soon clash, when i read this article, it scares the shits out of me that i have to take precautions when i was trying to enter on Gold trade today, but never did it.

But my intake is that i think he is just being sentimental hoping his comments about Gold drives it down, so he can buy with billions of dollars, so what's your intake on this?

Main article https://www.business2community.com/trends-news/warren-buffett-slams-gold-investing-0132960

ricardoanayafx
alphasys
Feb 15 2012 at 07:13
35 posts
I guess is inverse psicology.. nice pamm mechael

MainTrader (MainTrader)
Feb 15 2012 at 17:50
25 posts
Thanks man

mistificator (mistificator)
Feb 16 2012 at 01:02
453 posts
Buffett is very us-patriotic and pro-stocks, he can sit out another 10 years of downturn market, luckily he can afford medical treatment to live till 120. Soros also called gold the bubble just to provoke the pullback and bought himself heavily. With US printing debts to the level they won't afford to service if they raise the interest rate you won't see any rate increase even past 2014 as Bernanke stated and inflation to eat out the debt value. Gold will only rise so as other commodity currencies.

Was mich nicht umbringt, macht mich stärker.
MainTrader (MainTrader)
Feb 16 2012 at 07:11
25 posts

   mistificator posted:
   Buffett is very us-patriotic and pro-stocks, he can sit out another 10 years of downturn market, luckily he can afford medical treatment to live till 120. Soros also called gold the bubble just to provoke the pullback and bought himself heavily. With US printing debts to the level they won't afford to service if they raise the interest rate you won't see any rate increase even past 2014 as Bernanke stated and inflation to eat out the debt value. Gold will only rise so as other commodity currencies.


You are right

validforex
Feb 16 2012 at 11:59
1 posts
PipGnostic
TheCyclist
Feb 17 2012 at 02:24
724 posts
In the 70's gold was $800 an ounce, today that be $3000. If US had to go back to gold standard gold would have to go to a whopping $45 000 an ounce.

Smart move to keep some around if you ask me.


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