Don’t forget Warren Buffet missed Apple and Google, State Street’s Gold Guy Says

(Last Updated On: March 7, 2012)


Don’t forget Warren Buffet missed Apple and Google, State Street’s Gold Guy Says

Gold SPDR parent defends the yellow metal as an investment after bad-mouthing from billionaire.



Buffets track record is consistent for one reason he sees the trends if tech moves into a better semiconductor gold will move down not a slow decline but pants down decline which is what is on the horizon Warren has a team looking solely at tech , you can’t make a solid gain anymore from apple or google if you missed there IPO so now it’s on to the next tech with the largest margin if you also look he has been tasking battery tech and some bio-fuels.




Great comment. Actually, Warren bought some IBM stocks recently and has already made him some interesting returns. Regarding gold and Warren’s approach, all I can say is that he doesn’t invest in corn either, but he would invest in a farm. I actually developed a whole strategy around what’s perceived as Warren’s consistency that’s allowed me to create a hybrid investment model that looks at mining investment as a production entity regardless of the commodity and has allowed me to (consistently) make returns and even if gold prices would fall to 900 per ounce I’d still make over 28% gross return per annum.



That is really great but what if it hits 540 like they are predicting? Don’t forget battery tech as there was a tech he was looking at before Christmas that makes sense as if combined within IBM would be a Facebook valuation thanks for the tip!!!



It’s unlikely to hit below 880 at least for the next 5 years or so, and there’s a good probability (not speculative) that’ll oscillate between 2,100 and 1,900 by dec 12. Besides, I not only consider gold. Have silver, copper, platinum, palladium, oil, etc, which provides a natural yet diversified balance among price curves.



The electronics industry is the largest gold user but there is another organic conducter that is expected to be phased in over the next year it has started already with electronics from china but the diversity in your portfolio is great but I can see where he was looking at the 400%



Yes, you’re right. I know the company, they have a rep office in NY.



Actually it was in Calgary and Edmonton as he was there for a seminar and was waiting for results from the university’s but I wasn’t able to connect the tech until you mentioned IBM


• Buffet also didn’t buy Enron, he said he couldn’t figure out how they made money.



• That’s true  althought he bought some of conoco in 2009.



NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

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