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ProShares UltraShort Gold Message Board

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  • jg22382003 jg22382003 Mar 16, 2012 6:21 PM Flag

    Buffets view on Gold

    I remember in the 80's gold was 450/once and it went back down to 250, nobody was buying then, a few yrs late gold to bck to 900, then went down to 500, in the 21 entury, gold went up to 1800, and cnbc said it would go to 2500, so if gold goes back to 1000 is highly possible

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    • I bought some gold coins in the 90's for 800/once and still holding it. inflation is in progress, gold will follow its value but in the long term, and if you have extra cash, hold some physical gold

      • 1 Reply to jg22382003
      • I think he's just being his folksy self here. He's really just saying that you're investing in a non-interest earning asset as they say in the financial world.

        The other scary thing with gold: Infomercials. When I see infomercials on something, smart money is looking for less-smart money to hold the bag...

        "How to flip Stocks and own an Island" (1999)
        "How to flip an Island and make a mint)(2007)
        "How to mint Gold and make a fortune" (2012)

        What's next? probably how to become a landlord.....easy money there

 
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