between the lines when studying what Wall Street
and politicians are doing. One fella,
who is so old and crotchety as to be seen as a simpleton,
is actually a devious piece of work.
We know that Warren Buffett can't make money unless there's a
fire sale going on, or unless the government hands him an easy one.
His pronouncements are also well-known for being said for his own
interest, and for the disinforming of the public.
However, when he talks about gold,
he's sensing that people are hankering for it,he sends out a dog-whistle messages to
Goldman and JP Morgan that they need to use
more trillions of derivatives to stomp on the price
of gold because gold is the only refuge in these
times of rampant fraud.
Buffet, and the others, don't want that because
they want more suckers to offer up their
savings so this Mafia can steal it.
While the price of gold, long term, is going up at a
good clip, it should be 6 times higher than it is now,
because of the allowing of
fake trades,
fake buy and sell signals,
dumping of 'paper' gold, and
the piling up of derivatives which have
the effect of dampening the price even further.Peter Schiff, though having the blind spots of all Libertarians,
is usually pretty sharp, being that he predicted the crash and
ate humble pie for 5 years on television, until he was proven right.
Unfortunately, he took Buffett at his word when Buffet spoke about gold.
It's all spin, Mr Schiff.
Why the F^&*k are you wasting your logic on that old fart's bullsh*t?
I know you have to be polite because you run into
Buffy the Market Killer, from time to time,
or one of his gofers. Here's what you should tell your readers every time you go to discuss Buffy:
Now, you know some guys like to manipulate the markets, like Buffy.
When Buffy says X, he means Z.
IshitUnot: Investment news
Peter Schiff: Why Warren Buffett is wrong about gold
By Peter Schiff
March 6, 2012 8:59 am ET
The gold doomsayers have found their champion in the media's favorite financial adviser and one of the world's richest men. Warren Buffett, the man dubbed the "Oracle of Omaha," has repeatedly and publicly denied that gold is an investment, and called gold buyers "speculators" and people "who fear almost all other assets." In fact, Buffett claims that gold's rise has the same characteristics as the housing and dot-com bubbles, and it is only a matter of time before it reverses course. He doesn't mean that the price will decline because of austerity measures and a free-market interest rate, mind you. He just asserts that because he's deemed it a bubble, it will inevitably burst.
The financial world by-and-large views Buffett as an objective observer, a rare investor who still considers the best interests of common man when he speaks. Each year, there is much hullabaloo over the letter Buffett writes to the shareholders of Berkshire Hathaway. When Buffett makes a claim, the financial world coos and repeats it without question.
