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Southern Europe faces a "10-15 year managed depression," is the quote making headlines from a...

Southern Europe faces a "10-15 year managed depression," is the quote making headlines from a Ray Dalio interview on CNBC this morning. The best moment, however, came when Dalio - bullish on gold - is told by Andrew Sorkin that Warren Buffett won't touch the metal. "Tell somebody who cares," seems to be the look Dalio gives Sorkin in response.
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Comments (10)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
    "...managed depression..."


    That's well put.


    The folks of the crescent moon ain't waitin' around.


    As for Buffett, he just wants to pay more taxes.


    As Clint might say: "Go ahead, make my day."
    21 Sep 2012, 09:23 AM Reply Like
  • JOEselztrb
    , contributor
    Comments (2) | Send Message
    Buffet doesn't want to pay more taxes. Am I missing something? At the recent Forbes Philanthropy Summit, Buffet, Gates, Black and Bon Jovi all said "(they'd) prefer to give to their own charities." That's why they pay so little in taxes -- charitable deductions and tax free government bonds." They all know government doesn't know how to spend money responsibly.
    21 Sep 2012, 02:11 PM Reply Like
  • Ted Bear
    , contributor
    Comments (607) | Send Message
    Obviously they are not printing quickly enough.


    Where is turbo Timmy when they need him?
    21 Sep 2012, 09:30 AM Reply Like
  • osanbat9
    , contributor
    Comments (12) | Send Message
    Let's hope ours in managed too........... I'm beginning to have my doubts though. Ask Jimmy Buffet what he things of gold, might sway me more.... Warren never lets out his deepest secrets.
    21 Sep 2012, 09:55 AM Reply Like
    , contributor
    Comment (1) | Send Message
    Gold never changes in value only the value of the paper money
    that is required to buy it changes, the Fed will continue to devalue
    our paper money so it will take more money to buy gold. Keep paper
    money or buy gold that is the question.
    21 Sep 2012, 11:33 AM Reply Like
  • Foggs Knackers
    , contributor
    Comments (22) | Send Message
    Actually Gold is quite volatile when priced against other goods and services. Was gold extremely undervalued 10 years ago or is it extremely overvalued now?
    21 Sep 2012, 12:00 PM Reply Like
  • sikkabooyah
    , contributor
    Comments (473) | Send Message
    Foggs: Just like Billy Martin in the old Lite Beer commercials, I feel very strongly both ways.
    21 Sep 2012, 08:45 PM Reply Like
  • mikeurl
    , contributor
    Comments (432) | Send Message
    His comment that debt must be repaid somehow is interesting. He seems to be implying that there will be a great demand for cash and that gold will work as a substitute. However, if people need to settle debts in gold we're all in deep trouble.
    22 Sep 2012, 12:30 AM Reply Like
  • jbassbia
    , contributor
    Comments (380) | Send Message
    Jim Sinclair forecasts $ 3500 - link www, based on the Federal Government balance sheet.
    22 Sep 2012, 04:04 AM Reply Like
  • allforone
    , contributor
    Comments (301) | Send Message
    If every American would buy one oz of silver on one day it would completely strip all above ground silver in existence. There is less silver than gold. What is cheaper and less abundant?
    23 Sep 2012, 01:10 AM Reply Like
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