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Wishdasher
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On Warren Buffett’s Dubious Dismissal of Gold

- Justice Litle - Taipan Publishing

Comment on my own comment as usual.
Tried to post it on Taipan Publish Group...
Difficult to understand where dad once stated that...
"Human Freedom Rests on Gold Redeemable Money"
Howard Buffett, Financial Chronicle 5/6/48
Most probably a generation conflict. ☺
Why did this/that Stein not approach the subject using Warren's father's beliefs ?
Too late...
But let's imagine that son Howard had chosen the side of Gold the Father in this interview. Where do you think the price would be today ? He doesn't want to have that on his conscience. There are other people that rule the world... so far.

After some memory searching found back the following:

Why did Warren Buffett sell all of his physical silver holdings in the 1st quarter 2006?
a) He thought silver was overvalued and wanted to lock in a profit
b) He did not think the future of silver was bright
c) He swapped it to buy gold
d) He handed it over to the banking cabal when they blackmailed him.
ANSWER: d) He handed it over to the banking cabal when they blackmailed him.
In 2005 the world's most famous investor was in very hot water due to illegal transactions with AIG in his giant re-insurance company General Re.
http://www.slate.com/id/2116167/
Then in May 2006 Buffett announced that he had gotten rid of his silver:
http://www.resourceinvestor.com/News/2006/5/Pages/Warren-Buffett-Sells-the-Family-Silver.aspx

As coincidence may have it...in May 2006 the silver ETF (SLV) opened it's doors and quickly ran to 130M oz (the exact amount of silver estimated to be sold by Warren Buffett.)

Although the CEO of AIG, Hank Greenberg, got the book thrown at him Buffett was able to escape prosecution after meeting with the "investigators" just prior to his silver divestment.
Did Buffett trade his silver for his freedom? You make the call.

Thanks to www.roadtoroota.com

Commented 4925 days ago

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Beginning of the headline :As usual, Warren Buffett sounds folksy and sharp in his casual dismissal of gold. But a look beneath the surface shows the Oracle's true motives... Read More

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