Sat, Aug 2, 2014, 12:51 AM EDT - U.S. Markets closed


% | $
Click the to save as a favorite.

SPDR Gold Shares Message Board

  • axpkocop axpkocop Feb 28, 2013 1:29 PM Flag

    Will Buffett Diss Gold Again in Annual Report Tomorrow?

    Doubtful but he already has an excellent piece out comparing gold to farmland. I own all three-Berkshire, Gold and Farmland and BRK has been the winner so far, followed by land and than gold. Farmland pays you rent so other than a communist revolution it will always outperform gold over any one's lifespan.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "Here’s a summary of his main points:

      If you took all the gold in the world, it would be valued around $7 trillion. This would equal about 1/3 of the value of all U.S. stocks. By comparison, the value of all farmland in the U.S. is about $2.5 trillion. You could take that farmland, add 7 Exxon Mobils to it, and have an extra $1 trillion to boot. What’s a better use of funds? You could probably do more with these alternatives to gold, versus just staring at a giant block of gold that looks nice but doesn’t actually do anything."

      Since he wrote this piece about 2 years ago gold is up about 5% verses a return of 30% plus for the price of Berkshire and as I've said before-my farmland actually paid me rental income that I could spend while at the same time I help to feed the world.

124.38+0.99(+0.80%)Aug 1 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Berkshire Hathaway Inc.
NYSEFri, Aug 1, 2014 4:02 PM EDT
Tesla Motors, Inc.
NasdaqGSFri, Aug 1, 2014 4:00 PM EDT