Buffet and gold

[Unobtanium]

How many articles have we all read about Buffet dissing gold?

I think he forgot to look at this. Or perhaps as the text below says, this is WHY he hates gold:

http://truthingold.blogspot.com/

Perhaps the Truth about Buffet's hatred of gold is best expressed in graph which shows the long term performance of Berkshire Hathaway stock priced in terms of gold - this is the market expressing it's view:

Priced in terms of gold, Buffet's wealth as represented by the price of his Berkshire Hathaway stock has declined 30.5% in the last three years and a staggering 77% since late 1999. Did Warren or Charlie happen to bring up this little factoid at their annual shareholder soiree this past weekend? Buffet's cult-like mush-brained followers slavishly follow him around lapping up any crumbs he might drop for them like the pied-piper, thus it wouldn't have mattered anyway...

 

[ancona]

Sweet!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[pmbug]

How much of Berkshire's portfolio performance has relied upon bailouts and sweetheart deals?

 

[Unobtanium]

How much of Berkshire's portfolio performance has relied upon bailouts and sweetheart deals?

Right. So he would be crying even more if we had the curve corrected even further for that.

Secretly he probably loves gold, but likely he is forced to tow the line that his puppetmasters lay out for him and do his duty dissing gold.