THIS IS MASSIVE: Learn Why-For The First Time Ever-Warren Buffett Is Now Investing in Gold!

[CPT Savajo]

Stated in this video why Buffett is betting on gold as the guest also explains to Alex Jones why the DEMOCRATS are the reason why the government shutdown occurred recently because they couldn't get $1.5 trillion to spend, spend, spend.

https://banned.video/watch?id=68e04b1ab357a70c7e7d3ae1

[biomed1]

Move to Sand Box

[Ripmany]

Warren Buffett bought a company than mines gold not gold directory. Can company do good job. Warren Buffett has said some pretty rude things against gold and silver

[CPT Savajo]

Originally Posted by Ripmany

Warren Buffett bought a company than mines gold not gold directory. Can company do good job. Warren Buffett has said some pretty rude things against gold and silver

He's buying the gold in the ground knowing mining companies are minting cash right now and for the foreseeable future. Buffett knows he's already missed huge upside and he see's value in gold mining companies versus the rigged stock market.

[Tiny]

Originally Posted by CPT Savajo

He's buying the gold in the ground knowing mining companies are minting cash right now and for the foreseeable future. Buffett knows he's already missed huge upside and he see's value in gold mining companies versus the rigged stock market.

Hey Captain, Berkshire invested in Barrick Gold Corporation, listed on the Toronto and New York stock exchanges, in the first part of 2020, and sold the position before the end of the year. Otherwise I don't think Buffett has invested in gold in recent years. I wonder if the video is something old that someone dragged out.

I'm actually looking at a few gold mining companies right now, which would be cheap if the gold price stays above, say, $3000 for the next five or ten years. I'm not sure whether I'll pull the trigger. Buying oil stocks when the oil price was hitting all time highs was a fools game, but maybe gold's a different animal. I'm not sure though. There are similarities between gold and bitcoin, and some big differences too. One of the similarities is that the the total quantity only increases a little each year as the result of mining, in case of gold by about 2% per year.

I prefer assets that produce income streams, and question why Bitcoin has any value and why gold costs what it does. But that doesn't mean that it wouldn't make sense to invest in the mining.

[CPT Savajo]

Originally Posted by Tiny

Hey Captain, Berkshire invested in Barrick Gold Corporation, listed on the Toronto and New York stock exchanges, in the first part of 2020, and sold the position before the end of the year. Otherwise I don't think Buffett has invested in gold in recent years. I wonder if the video is something old that someone dragged out.

I'm actually looking at a few gold mining companies right now, which would be cheap if the gold price stays above, say, $3000 for the next five or ten years. I'm not sure whether I'll pull the trigger. Buying oil stocks when the oil price was hitting all time highs was a fools game, but maybe gold's a different animal. I'm not sure though. There are similarities between gold and bitcoin, and some big differences too. One of the similarities is that the the total quantity only increases a little each year as the result of mining, in case of gold by about 2% per year.

I prefer assets that produce income streams, and question why Bitcoin has any value and why gold costs what it does. But that doesn't mean that it wouldn't make sense to invest in the mining.

Tiny, if Berkshire bought in the first part of 2020 that was a wonderful time to buy as there was a massive selloff in the precious metals market when Covid began.

According to Peter Schiff mining stocks are a wonderful bet right now but would have been better had people gotten in earlier in the year say like around April or even earlier but according to Peter it's still early in this bull market run. If the Fed cuts rates that will also move the market higher. I'll include a video from his backup Youtube chahnnel (not his main channel) in which he touches on many points that you mentioned in your response regarding what he thinks about mining and Bitcoin/gold. Peter thinks $50 silver is still cheap, many people think gold is going to $10K and higher.

I'll also include a link to help you with some mining picks for you to take a look at in alphabetical order listed below.

https://www.kitco.com/mining/mining-equities



This is what Peter said 8 months ago with the title of the video being, "Don't Wait for $3,000 to BUY GOLD!"

[Tiny]

Hey Captain, having been around for a couple of oil price collapses, the gold chart right now scares me. Admittedly though gold is a different beast, for reasons we've been discussing in another thread. And compared to bitcoin it looks absolutely tame and logical.

Anyway if I do take the plunge and buy shares in a couple of the mining companies, I'll probably sell some gold futures contracts to hedge. I see they're at around $4700/ounce a few years out, although the open interest and trading volume are super low.

[CPT Savajo]

Originally Posted by Tiny

Hey Captain, having been around for a couple of oil price collapses, the gold chart right now scares me. Admittedly though gold is a different beast, for reasons we've been discussing in another thread. And compared to bitcoin it looks absolutely tame and logical.

Anyway if I do take the plunge and buy shares in a couple of the mining companies, I'll probably sell some gold futures contracts to hedge. I see they're at around $4700/ounce a few years out, although the open interest and trading volume are super low.

Keep in mind that we could see 1 or 2 more rate cuts before the end of the year as Powell last cut rates on 17 September. When Powell did that it sent the metals and miners on a moon shoot. Another catalyst is China/Taiwan war looming where it's not a matter of if, but when. Along with the current war between Ukraine/Russia and the fact that BRICS Central Banks are de-dollarizing. I think gold is going to $10K+ and silver over $100 in the not too distant future and that's a conservative estimate.