tag:blogger.com,1999:blog-9619963.post4070621452174222995..comments2023-12-08T12:50:34.303-08:00Comments on W.C. Varones: In trashing gold, Warren Buffett makes the case for goldW.C. Varoneshttp://www.blogger.com/profile/17663570682958847976noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9619963.post-19142111670092676022012-02-16T12:13:39.650-08:002012-02-16T12:13:39.650-08:00As much as Buffett is the world's greatest inv...As much as Buffett is the world's greatest investor, he annoys me in so many other ways. Like the one about people having to succeed on their own merits (he's a Senators son, for god's sake, so I bet his own upbringing was somewhat more than basic). Now he goes on and on about how the rich should pay more taxes, well, do it voluntarily Warren instead of coercing everyone else down to your level. Almost reminds me of a kid climbing into the loft then pulling the ladder away so no-one else can join him.<br /><br />And now he cusses gold. Great! Maybe it'll push the price down in the short term so us who believe in it can buy some more. Thanks Wazza.VikingRaiderhttps://www.blogger.com/profile/12138308063390183330noreply@blogger.comtag:blogger.com,1999:blog-9619963.post-22980225672666161002012-02-15T00:54:39.074-08:002012-02-15T00:54:39.074-08:00Buffett is just talking his book. High gold prices...Buffett is just talking his book. High gold prices are symptomatic of incipient deflation in the current environment. Buffett is still on the hook for his massive put option position. The last thing he wants to see is an investor preference for gold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9619963.post-13875217311261965962012-02-14T11:50:48.376-08:002012-02-14T11:50:48.376-08:00Gold has two principle values: 1. medium of exchan...Gold has two principle values: 1. medium of exchange/store of value. 2. Jewelry. Buffett's thought experiment is just ludicrous. Owning the cube of gold would negate any potential use as a medium of exchange. As for jewelry (and other uses), does he have it backwards? If you cornered the world market of gold without infuencing the purchase price, imagine what you could charge on selling it. Lastly, if you were confident that the 'sustainability' nazis were going to destroy farming and the 'green energy' nazis were going to destroy the oil companies, wouldn't the gold be a better bet? His choice is just wrong on so many levels.Shane Atwellhttps://www.blogger.com/profile/12268148003641995554noreply@blogger.comtag:blogger.com,1999:blog-9619963.post-61001711162449071852012-02-12T11:35:06.015-08:002012-02-12T11:35:06.015-08:00I, too, thought that Buffett piece was a little of...I, too, thought that Buffett piece was a little off. Last week I blogged about the percentage of Americans that hold investment gold (coins/bullion). From USAGOLD's 1 percent claim to NumisMaster.com's 3-9 percent claim to a bunch of others in the single-digits, less than 10 percent is probably a safe guess.SurvivalAndProsperity.comhttp://www.survivalandprosperity.comnoreply@blogger.com