Why does Warren Buffett always bash gold?

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Warren Buffett bashes gold every change he gets and says he will never invest in it, despite gold’s incredible performance. You would think “the world’s greatest investor” would have picked up just a little bit of it over the years, or at least bought a gold stock. Buffett did invest in silver briefly, buying at and selling at , using it as a commodity play. Damon Vickers has an incredible track record, is connected to the “elite” and freely talks about the truth on shows like Alex Jones. However, Damon’s philosphy is opposite of Alex, Damon seems to welcome the “NWO” that Alex despises. Search “Damon Vickers” on youtube.

25 comments to Why does Warren Buffett always bash gold?

  • lidarman2

    I see, because you disagree with Buffett , it’s a conspiracy. I say, shut up and buy gold if that is what you believe but don’t act crazy like this. Your theory is silly.

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  • MoBExtortion

    Did you know Warren Buffets father supported the gold standard and that he was friends with Murray Rothbard?

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  • move2003ny

    Some wacky ideas dude… focus on the road instead.

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  • LibertyandEconomics

    You are dead on with this.

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  • 82snowball

    Buffett didn’t lose half his money, the share price of the company went down for a short time but that is different.

    Gold does not produce any income, so it is a bad investment. over time once you calculate transaction fees and storage fees you will have less than you would if you owned an income producing asset

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  • 82snowball

    Buffett didn’t lose half his money, the share price of the company went down for a short time but that is different.

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  • joechuckyourtube

    It’s illegal to drive under the influence.

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  • silverfuturist

    @trancenode Fraud and dishonesty have always existed, but now our system has been overrun by it. Toxic assets will be flushed out, and those who held overvalued companies will be punished by the market for their investing choices. Those who wait on the sidelines will be rewarded by buying up stocks on the cheap. In the Great Depression the PE ratios for many companies fell below 1! History is set to repeat itself, for the size of the problems are bigger now then than.

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  • silverfuturist

    @trancenode During a credit contraction, money flees to safety as bad debt is flushed out of the system. Until our system is purged of its excesses, the economy will not have a real recovery. I will allocate my capital into equities when the toxic assets and fraud are flushed out of the system.

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  • TigerInTree

    I agree 100%

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  • TigerInTree

    I agree with everyting this guys says. Hit the nail on the head. Gold is the enemy of dollar, it cannot be promoted.

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  • truthIsStranger

    I do nothing with my life but consume information about this, please read what I have learned!!!

    No sovereign nation has ever retained its independence for more than a couple of decades on a purely gold-backed currency.
    You can not discover and mine enough gold to keep up with supply, demand and the inflation of material worth. Money must inflate at a similar rate to the GDP or someone else comes along, assigns worth to something else (a fiat) and takes over the nation.

    v (continued ) v

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  • truthIsStranger

    ^ (continued) ^

    The House of Rothschild owns gold equal to half of the world’s wealth for this reason alone.

    In my words:
    Gold-backed money is “solid”; fiat currency is “gaseous”; a combination achieves liquidity. We need liquidity, not either – or. This maintains control of inflation AND the nation.

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  • jimbob77784

    buffett is a crook

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  • willenzo111

    @silverfuturist
    That is possible, my theory is just a theory I created based upon what I observed. Maybe there is another reason that makes more sense. Maybe as a child, he tried to swallow a gold coin and almost choked to death, causing him to have a gold phobia (really reaching there.)

    Speculation is a parasite
    feeding upon values,
    creating none. – Andrew Canegie

    Keep lying to yourself dude we’ll see results in time.

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  • willenzo111

    @silverfuturist

    There is a time to be in the stock market, and a time to be on the sidelines in gold. During the great depression, those who were not knowledgable and stuck with gold did well while those were in stocks got hammered.

    Here you are talking in a Speculators point of view.
    What are you a speculator or Investor?
    Because if you are speculator you’re hitting a wrong guy, Warren is Investor

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  • willenzo111

    @silverfuturist
    “Own nothing, control everything” – I am amazed with your confidence, you don’t know what you’re talking about.
    Rockefeller is talking about Corporation – A corporation is a legal body without soul means it has his own name but you are controlling him. Rockefellers Corporations are not in his name but he controls all of it. It’s like having a car that is not in your name but you are in full control of it.

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  • silverfuturist

    @willenzo111

    There is a time to be in the stock market, and a time to be on the sidelines in gold. During the great depression, those who were not knowledgable and stuck with gold did well while those were in stocks got hammered.

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  • willenzo111

    My point is people choosing gold as an investment are less knowledgeable in business world.

    @libertymom100
    I hope I’m not confused, we are talking about wealth right? That’s why Warren is better. about honesty, Still Warren Buffett wins. He even said to the news that his own Berkshire hathaway is overpriced at Stock market. about Moral, he would still win He’s teaching all of us how to fish and his giving advises that are really working. Lots of people got rich because of him. Including me.

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  • libertymom100

    Please define “better” if you mean richer or willing to do anything for money I guess Buffet is “better” If on the other hand you mean honest and moral than Silverfuturist wins hands down.
    You sound like a very angry person I hope something good comes your way so you can feel better =)

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  • silverfuturist

    @willenzo111
    You are correct, Warren Buffett is doing now what he did the previous 30+ years. However, 70+ years ago in the Great Depression, the stock market was down for about 20 years… sitting on the sidelines in gold was the way to perserve wealth, and I think that is the way to preserve wealth in this depression.

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  • willenzo111

    If you think your better than Warren Buffett, you should be rich now.
    My Guess is you’re 30+ years old, your method of investing is “invest in gold” And Warren at 30+years got rich using his old method that he’s preaching now.

    Remember:
    Speculation is a parasite
    feeding upon values,
    creating none. – Andrew Canegie

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  • inkey2

    I was just roaming around youtube looking for things pertaining to american economic crash, investing in silver etc

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  • silverfuturist

    @inkey2 Okay.

    Please tell me how you came across my channel… thanks for the kudos on my info.

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  • inkey2

    I like your info but DON’T TALK SO FAST

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