Unbeatable
Big Eyed Bug
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As the most influential investor in the world, Warren Buffet can't advocate gold or directly invest in it because it could literally cause a run on the dollar. So how can he invest in gold and silver if he knows they are about to explode?
1. If you wanted to be able to buy huge stockpiles of silver?
What better way than to buy a large solar panel company? (One of the largest users of industrial silver, they use up to 0.1 gram of silver per watt generated.)
January 2nd 2013 "SunPower inks $2.5 billion deal with Buffett utility"
http://www.reuters.com/article/2013/01/02/us-sunpower-berkshirehathaway-idUSBRE9010LA20130102
Largest in the world, starting this quarter? Gee I guess we're going to have to buy loads of silver for that...
2. If you wanted to be able to buy huge stockpiles of gold?
A little obvious, but because there are few industrial applications for gold what other choice did he have...
January 1st 2013 "Berkshire Hathaway subsidiary acquires NM jewelry supply business"
http://www.bizjournals.com/albuquerque/blog/morning-edition/2013/01/berkshire-hathaway-subsidiary-bell-group.html
Yes not only did he purchase one of the largest jewelry supply companies in the world Rio Grande, (that buys loads of gold wholesale and advertises to purchase scrap gold) he also purchased LeachGarner last year which also happens to do... exactly the same thing!
http://leachgarner.com/ (This company which was about to close before Buffett bought them now had enough money to purchase findings incorporated on 24th Dec 2012 - another jewelry supply business!)
Buffet through Richline also bough South Africa's largest jewelry manufacturer on Oct 15th 2012
http://www.richlinegroup.com/#
So none of these are retail jewelry companies but they are jewelry supply companies that can buy boat loads of gold directly from the refiners without setting off the alarms!!
(Just put this together this evening after seeing an article on photovoltaic purchases and getting suspicious.)
Anyone else seeing what I'm seeing?
Edit: Just found out that the physical address of the South African Jewelry manufacturer Buffet bought 'Alan Mair Manufacturing Jewelers' just happens to be 'Refinery Road Germiston', yes Buffet just bought a business physcially located at the actual Rand refinery!
Rand refinery http://www.randrefinery.com/
1. If you wanted to be able to buy huge stockpiles of silver?
What better way than to buy a large solar panel company? (One of the largest users of industrial silver, they use up to 0.1 gram of silver per watt generated.)
January 2nd 2013 "SunPower inks $2.5 billion deal with Buffett utility"
http://www.reuters.com/article/2013/01/02/us-sunpower-berkshirehathaway-idUSBRE9010LA20130102
Construction of the projects, which the companies called the world's largest photovoltaic power development, will begin this quarter and is expected to be completed by the end of 2015.
Largest in the world, starting this quarter? Gee I guess we're going to have to buy loads of silver for that...
2. If you wanted to be able to buy huge stockpiles of gold?
A little obvious, but because there are few industrial applications for gold what other choice did he have...
January 1st 2013 "Berkshire Hathaway subsidiary acquires NM jewelry supply business"
http://www.bizjournals.com/albuquerque/blog/morning-edition/2013/01/berkshire-hathaway-subsidiary-bell-group.html
Richline Group (a wholly-owned subsidiary of Berkshire Hathaway) President Dave Meleski said Rio Grande would be a standalone business, as are the firm’s recent purchases LeachGarner and Inverness.
Yes not only did he purchase one of the largest jewelry supply companies in the world Rio Grande, (that buys loads of gold wholesale and advertises to purchase scrap gold) he also purchased LeachGarner last year which also happens to do... exactly the same thing!
http://leachgarner.com/ (This company which was about to close before Buffett bought them now had enough money to purchase findings incorporated on 24th Dec 2012 - another jewelry supply business!)
Buffet through Richline also bough South Africa's largest jewelry manufacturer on Oct 15th 2012
http://www.richlinegroup.com/#
So none of these are retail jewelry companies but they are jewelry supply companies that can buy boat loads of gold directly from the refiners without setting off the alarms!!
(Just put this together this evening after seeing an article on photovoltaic purchases and getting suspicious.)
Anyone else seeing what I'm seeing?
Edit: Just found out that the physical address of the South African Jewelry manufacturer Buffet bought 'Alan Mair Manufacturing Jewelers' just happens to be 'Refinery Road Germiston', yes Buffet just bought a business physcially located at the actual Rand refinery!
Rand refinery http://www.randrefinery.com/
It is one of the world's largest gold refineries. It refines most of Africa's gold
Since 1920, we have refined nearly 50 000 tons of gold – almost one third of all the gold mined worldwide.
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