Russell Upsomgrubb

Silver Prices Are About to Fall

Warren Buffett is perhaps the most successful investor of all time and just bough Burlington Northern, making a huge bet going forward on the growth of the American economy over the next 5-10 years. If he is correct, I see the dollar strengthening over time. The consensus on Wall Street is so often wrong and the vast majority of traders are short the dollar. Buffett is an investor, not a trader. He believes in the long term creation of wealth, not trying to get rich overnight. Mark Faber, a doomsayer, claims the value of the dollar will eventually fall to zero. Gee, I'll bet he owns a lot of gold.