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Don’t forget Warren Buffett missed Apple and Google, State Street’s Gold guy says

(Last Updated On: March 12, 2012)

Don’t forget Warren Buffett missed Apple and Google, State Street’s Gold guy says

forbes.com

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

 

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buying gold in China has two folds: 1) prevent inflation and people worries one day chinese RMB becomes worthless. 2) alternative way to save money. Chinese banks just
are doing such business instead of they are really investing in gold. these banks are buying/selling gold in China mainland not global market. so I don’t understand, Jillian’s words about China.

 

Don’t forget the golden rule….”He who has the gold — makes the rules.”

 

 

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Buffet is just trying to talk himself out of a trade and trying to justify missing the runup. Let’s not forget that he was long silver bullion, sold out early, and often opines on that being a mistake.

Jillian the buying in China is coming from individuals either through Banks or direct.Their economy is x times lerger than India therefore……..

 

now i understand, the banks are trading gold domestically because the Chinese like to buy gold, they trust it as more secure than the currency. Yet western currencies like the dollar and euro are also likely to become worthless one day because the Fed keeps priniting it, its losing its value. One of the things that makes gold, and oil, untrustworthy nowadays is the high price, and the fact that the price of these commodities seems to be controlled by certain individuals, corporations or governernment bodies, that stand to gain by its rapidly rising or falling

 

=-=

that was an old saying for conversion of wealth now it is he who has the tech makes the rules as the tech companies are the ones with the capital apple has a surplus unequaled. The next big area will be renewable energy and battery or storage technology he who owns that tech will make all the rules.

David silver was supposed to be the answer to semi conductors then it wasn’t that was the mistake Buffet made as it was rising before the mass realization and he was to far ahead on the analysis to understand the Tom toms would raise the price until the realization.

there will be a network of virtual currency as hard currency can not move the way digital currency moves also resources are supply and demand if there is demand the limitation will drive prices the problem is the balance the same thing happened with the cartel feud in diamonds when one member became upset he flooded the market and drove the price to the bottom eliminating many of the cartel members .

 

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

 

==

buying gold in China has two folds: 1) prevent inflation and people worries one day chinese RMB becomes worthless. 2) alternative way to save money. Chinese banks just
are doing such business instead of they are really investing in gold. these banks are buying/selling gold in China mainland not global market. so I don’t understand, Jillian’s words about China.

 

Don’t forget the golden rule….”He who has the gold — makes the rules.”

 

 

==

Buffet is just trying to talk himself out of a trade and trying to justify missing the runup. Let’s not forget that he was long silver bullion, sold out early, and often opines on that being a mistake.

Jillian the buying in China is coming from individuals either through Banks or direct.Their economy is x times lerger than India therefore……..

 

now i understand, the banks are trading gold domestically because the Chinese like to buy gold, they trust it as more secure than the currency. Yet western currencies like the dollar and euro are also likely to become worthless one day because the Fed keeps priniting it, its losing its value. One of the things that makes gold, and oil, untrustworthy nowadays is the high price, and the fact that the price of these commodities seems to be controlled by certain individuals, corporations or governernment bodies, that stand to gain by its rapidly rising or falling

 

=-=

that was an old saying for conversion of wealth now it is he who has the tech makes the rules as the tech companies are the ones with the capital apple has a surplus unequaled. The next big area will be renewable energy and battery or storage technology he who owns that tech will make all the rules.

David silver was supposed to be the answer to semi conductors then it wasn’t that was the mistake Buffet made as it was rising before the mass realization and he was to far ahead on the analysis to understand the Tom toms would raise the price until the realization.

there will be a network of virtual currency as hard currency can not move the way digital currency moves also resources are supply and demand if there is demand the limitation will drive prices the problem is the balance the same thing happened with the cartel feud in diamonds when one member became upset he flooded the market and drove the price to the bottom eliminating many of the cartel members .

 

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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