Warren Buffett on gold

Wow, it's almost as if no earthly material has inherent value, and the only source of good in the universe comes from God. But until Jesus Christ returns, we're going to need a way to figure out how much a loaf of bread costs, boomer.

Compared to what?

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yep

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>that doesn't spend.
that's the opposite of typical boomers.

Best guppie

Bread is free from heaven and shit, only man puts a price on it

How much are those little plates worth they look pretty neat

riiiiight, lets just go ahead and get rid of our gold cus grandpa buffet said so. that old fart probably has a vault full of precious metals

Years ago he tried to buy silver as a matter of fact. Probably would have caused a Hunt Bros moon if he did.

Gold would be much cheaper if that was the only use of it. Too bad wealth storage is its main use and drives up its price.

Too bad gold isn’t completely useless so we don’t have to mind fuck our selves about wanting more of something literally nobody needs

17-20 bucks currently

>Too bad wealth storage is its main use
i'm not even sure that's true unless you count overpaying for it in the form of jewelry, some fucked off high % of it is in dentistry also

Hes right but we can make stupid arguments about usd. Usd is just in power and the gold cucks have gold argument.

You can use a tie to neck yourself

fucking based

delet this

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based and redpilled

where do you buy those anime figures from?

>too poor to buy gold
>pedo degenerate weeb

i recommend suicide

Daddy issues.
Warrens father, Howard, was a 4 term Congressmen and good friends with Rothbard.
His father famously pushed gold and even wrote a book called: Human Freedom Rests on Gold Redeemable Money
Howard said his only criteria when voting for a bill was to decide "does this bill increase or decrease human freedom". He was a strong isolationist and was very against the us taking on the role of world policeman as he felt it "will eventually lead to domestic tyranny"

Warren is his fag son. Howard would no doubt hate the sniveling globalhomo that he turned out to be....

Lmao yes dude the four term congressman who was pro-gold before the war which was before the gold standard being abolished for the sake of insane money making growth. Warren is based, most of the board hates him because he actually knows not to bother with retarded investments like precious metals and internetcoins

Warren is his fag son.

Warren buffet is based because everyone believes he gives out good advice for free but in reality he is just using plebs to pump up his own position.
>"its always a good time to buy stocks"
>sits on $150 billion in cash because there are literally no good buys in stocks
Warren is the ideal person to ignore words and watch actions. Also, he used to be pro gold till he figured out its beneficial to have pleb wealth transfered to him via fed policy.

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anyone even remotely stalking him will say that he is the epitome of say one thing but do the opposite

never look at what he says but look at his actions

Gold was valued in ancient times because of its longevity. Gold doesn't rust, gold doesn't rot like wood and organic matter. 100 years later your grandchildren will have as much gold as you.

This is true of a lot of rocks tho.

>don't bother investing in the 1,000,000x asset!!!!!!!!
what a brilliant investor

over 50% of his portfolio is financials aka banks. Are you really surprised he shittalks bitcoin and PM?
Yeah bitcoin IS rat poison, for him.

And here's one last thing to consider; Oil was only going to increase in value as it was limited in supply (peak oil) and its usefulness was only going to increase its price, making oil investment a great idea. THEN technology progressed and we started fracking oil like mad, and suddenly everyone's expected to leave all their oils (most of which are still traditionally extracted) in the ground or it becomes practically valueless.
Imagine what would happen if China or Russia or Canada started fracking.

What's going to happen in your grandchildren's time is that Elon Musk's grandchildren will open up the solar system, and oops there is gold in ridonkulous quantity in it, not to mention all the gold on Earth that's just too technologically challenging to reach. So gold, like oil in the next 5-10 years or sooner, loses practically all its value due to being common as dirt.
Which is what it is; really shiny atomically super-stable dirt.

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Something that boomer fails to understand is that gold is a thing that you store your value in. You can dump your excess energy "value" into a battery "gold" and extract it when you need it.

Asteroid (6178) 1986 DA
>The asteroid achieved its most notable recognition when scientists revealed that it contained over "10,000 tons of gold and 100,000 tons of platinum", or an approximate value at the time of its discovery of "$90 billion for the gold and a cool trillion dollars for the platinum, plus loose change for the asteroid's 10 billion tons of iron and a billion tons of nickel."[10] In 2012 the estimated value of 100,000 tons of platinum was worth approximately five trillion US dollars. The delta-v for a spacecraft rendezvous with this asteroid from low earth orbit is 7.1 km/s.

This is the fracking in your granchildren's time, rendering gold's value down to not much.
This is just one rock out of the gorillion that are doinking around in our solar system.

dumb preboomer that will be dead within 5 years

the-sun.com/lifestyle/tech/261083/giant-golden-asteroid-has-enough-heavy-metals-to-make-everyone-billionaires-and-nasa-is-heading-there-in-2022/

Literally the only criticism I see of Buffet is "He is old and boomer so dumb and bad, me young and not boomer so smart and good." I think I'm gonna go with the literal billionaire when it comes to monetary advice over people basically admitting to having little to no monetary experience.

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I'm a bitcoin bug but this kike has no fucking clue of what he's talking about
wtfhappenedin1971.com/

he completely missed out on the highest appreciating asset of the century (bitcoin) despite people shilling it to him because he doesn't invest in things he 'doesnt understand'

If we were producing the amount of electronics we should be and not as a store of wealth at all the price would be much higher than it is, unfortunately right now humanity is focused on yachts and cocaine.

warren buffet would be out of business if the banks wasn't bailed out in 2008.
Did people holding gold need a bailout?

lol

Bullish af

ngmi

I have a theory that Warren Buffet has average intellect. I wouldn't be surprised if he had literally 120 IQ, even when he was younger. Being good at investing =/= than being super smart.
As for the answer, Gold was used a lot in the past because it was used as an universal value equivalent, and also, because you could transfer easily a lot of value from a point A to a point B: it's light.

if you're a buffet cuck you have submitted to infinite money printing logic and under this logic you will win if you just don't spend and keep buying equities when they are undervalued

if the tide turns and the economy starts to reward savers, this faggot will get BTFO and us, the bitcoin holders will win.

TICK TOCK

of course hes going to say some stupid enigmatic bullshit like that.
fuck him

Gold and gold stocks doing better than the airline stocks he bought recently lmao.

>universal value equivalent, and also, because you could transfer easily a lot of value from a point A to a point B: it's light.

This is still as true as it has ever been.

He’s not that smart bro. The stock market has 1000xd since he started investing and has been all in since the beginning. He’s capitulating now

I'm not some left-wing hippy type, but I've always seen ties as symbolic of leashes or even nooses.

>don't buy masks goyim
> they don't help at all
>we need masks for health care workers goyim
>don't bother wearing masks goyim
>masks don't help at all goyim
>every healthcare workers in the world wears masks
>don't wear mask goyim
>masks don't help protect you at all
yeah, sure thing fucko
this is how you can tell who is not looking out for your best interests at heart

>Feingold
lol

thats mostly your redneck white trash nonconformist contrarianism conditioning showing through

Pretty sure ties started out as scarves of some kind that just kept shrinking.

makes sense.

Gold is valuable because of historical precedence and derivatives. Intrinsic value is a meme.

Yup. That’s all there is to gold.

exactlty. its just some kind of weird holdover from historic fashion with maybe sometimes a long lost connection to some practical origins like that.

in the 70s, bell bottom jeans were all the rage and if you ddidnt wear them you were a weirdo, just like those huge oversized shirt collars around that time or so

then later they both are not so favourable and are a joke of fashion.

nowadays of course, ties are def just an accessory of classic formal business dress. i have no strong feeling for them one way or the other. and i find it odd but funny when people have such strong opinions or phobias of them

>PMs are unimportant and completely inconsequential
>nothing to see here goyim
>move along
i think this really shows his true colours

en.wikipedia.org/wiki/Cravat

Yep. Pretty sure I've seen traditional cravats in movies set in 19th century England like A Christmas Carol or something, that's probably how I remembered it.

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thats looks like one of those toys japs cum on in pornhub videos