tb1975

Is Gold a Hold?

The quote from Buffet is funny. How has he done in the last year? Hasn't his BRK-A shares lost about half their value? Aren't his company's profits down 90+%?

Let's compare that to gold's performance, shall we?

People like to compare gold's performance to indices over long periods of time. Why? Gold is for extraordinary times like these, not for holding long term.

Buffet can keep his stocks that he has been buying in the last year- GE, USB, etc. They are all tanking. I'll keep my gold. I'll see him at the finish line in this depression and buy all of his penny stocks with my $2000 gold.