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| Lebron hasn't been taking financial advice from this guy, I hope? |
I can't help but think about how, similar to the notion that it's never a positive sign for the currency when a finance minister feels compelled to publicly defend it, that perhaps it's a bullish signal for gold whenever Buffet feels the need to diss the yellow metal.
If you've studied Buffet you know that he chooses his words with extreme care. His financial empire is also so entrenched in the global economy that the only real risks he faces are existential ones. Such as the semi-quiet, steady run which has been taking place on the U.S. dollar since the turn of the century, when gold began its secular move upward.
Oh how it must just eat at the Oracle to know that a rock has been outperforming his precious equities for well over a decade!
Buffet was arguably the biggest single beneficiary from the 2008 government bailouts, a fact which hasn't received much airtime from Buffet-friendly business journalists (I'm talking about you, Becky). The steady devaluation of fiat currencies, like the U.S. dollar, against gold is something that this blog projects will continue. It is also something which clearly Warren would like to see slow down by badmouthing gold.
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