Gold

[DesertCat]

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Look at your dates for this statement. He later became a HUGE silver investor. Market realities change; ditto for informed opinions and sentiment. The best are quick to change beliefs quickly in the face of new realities.

Buffett is one such.

UNDERSTANDING BUFFETT'S SILVER PLAY
http://www.gold-eagle.com/gold_diges...use020998.html

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Your link explains why he invested in silver (it has tangible value and uses, and he thinks he knows what it's reasonable equilibrium value is). It also explains the differences with gold, which is why he'll never change his opinion on gold.

What if Bush decides to help reduce our national debt by selling all the (now unnecessary) gold from our central bank? What happens to gold prices then?