|
|
|
|
#1
12-08-2005, 09:59 PM
|
|||
|
|||
Re: Gold
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 
|
|
#2
12-08-2005, 10:16 PM
|
|||
|
|||
|
Re: Gold
[ QUOTE ]
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 [/ QUOTE ] Silver is a key input to film. When silver prices went up it really hit companies like Kodak hard. Silver has utility which creates tangible value. Other than jewelry I don't think much is made with gold, though I may be wrong. If that's what your link said, I'm sorry for being repetative.
|
|
#3
12-09-2005, 11:36 AM
|
|||
|
|||
|
Re: Gold
[ QUOTE ]
[ QUOTE ] 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 [/ QUOTE ] Silver is a key input to film. When silver prices went up it really hit companies like Kodak hard. Silver has utility which creates tangible value. Other than jewelry I don't think much is made with gold, though I may be wrong. If that's what your link said, I'm sorry for being repetative. [/ QUOTE ] Gold is actually used in a lot of electronics, fwiw. -bb.
|
|
#4
12-09-2005, 11:10 AM
|
|||
|
|||
|
Re: Gold
[ QUOTE ]
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 [/ QUOTE ] 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?
|
|
#5
12-09-2005, 04:24 PM
|
|||
|
|||
|
Re: Gold
http://news.yahoo.com/s/nm/20051209/...ts_precious_dc
Had to post this... [ QUOTE ] Gold fever rages as price tops $530 [/ QUOTE ]
|
|
#6
12-12-2005, 08:59 AM
|
|||
|
|||
|
Re: Gold
follow trends, avoid prediction.
|
|
#7
12-12-2005, 10:18 AM
|
|||
|
|||
|
Re: Gold
Warren,
"World" by Graham is $164 on Amazon. Any way you know to access this book for far less than that? "Storage" is $95 on Amazon. Any better places to get this book? I'm Googling around looking for these in the meantime. I'd be happy to temporarily swap some books with you to gain some access to these titles; please PM me if you have an interest in this.
|
|
#8
12-14-2005, 04:32 PM
|
|||
|
|||
|
Re: Gold
[ QUOTE ]
Time to attune attention to this market. Fevered reports of a NY close over $500 (highest since 1980's) coming soon, to a TV near you. [/ QUOTE ] I didn't read the thread, but you are a bit late (but better late than never). I took positions in Gold and Japan ~2 years ago, and believe that Gold is going to ~800 and the Nikkei is going to 20,000. I am currently up 55% and 35% respectively plus annual dividends. Easy ways to invest in these are through Vanguard due to their diversification and low fees, VGPMX and VPACX.
|
|
#9
12-14-2005, 04:37 PM
|
|||
|
|||
|
Re: Gold
Good call on gold. It seems obvious looking back that gold would be strong after 911, hindsight being what it is.
I posted when gold was poised to assault the $500-510 resistance to instigate some debate and discussion. What's your take on the recent price action through $538 and the current 500-510 area over the next few weeks?
|
|
#10
12-14-2005, 05:35 PM
|
|||
|
|||
|
Re: Gold
I stopped short term trading years ago. It is too much effort.
I look at the charts and the fundamentals every couple of months to make sure nothing has changed in my original analysis, when I inititated the position. Nothing has changed, those targets of 800 and 20,000 still stand, and I am prepared to wait 3-4 years or until something changes to settle the position. For amusement, I look at the short term outlook: 3 months: http://finance.yahoo.com/q/bc?s=GLD&...amp;q=l&c= still in the uptrend trading range, the drop below 510 could indicated a 50% retracement of the current uptrend to 495. 1 year: http://finance.yahoo.com/q/bc?s=GLD&...amp;q=l&c= A drop below 475 could indicate danger of retesting support at 460. It is however still in the current uptrend.
|
 |
|
|
Hybrid Mode
