Showing posts with label Warren Buffett. Show all posts
Showing posts with label Warren Buffett. Show all posts

Thursday, January 10, 2013

Buffett Says Banks Cleared of Excess Risk Pose No Threat to U.S.

Traders have been relying on the Bernanke Put for years since the financial crisis reared its ugly head. Now we have the Warren Buffett guarantee that banks won't implode global financial markets.  Both signal the Fed ginning up the printing press.  This isn't a bold statement on Buffett's part--he's a big investor in Wells Fargo, Bank of America, and Goldman Sachs.  They've been given cheap money (zero interest rate loans), free money (bailouts), and mortgage-related shenanigans have been prosecuted with slaps on the wrists (billion dollar fines).  Balance sheets have been recapitalized.

So yeah, their solvency has been restored--as long as one doesn't account for shadow assets mispriced to reflect un-reality.  Meanwhile, Buffett's vote of confidence has coincided with the USDollar tanking--while gold and silver rise in tandem.  That's the same gold which Buffett has denigrated as worthless, and the same silver that Buffett profited from in the 1990's.

The song "Money For Nothing" by Dire Straits comes to mind.

The old man is talking his book, and that's probably worth several billion in market capitalization right there.  The extend and pretend crowd can certainly delay the implosion of the bond market and currency crisis.  See Japan.

And I certainly wouldn't bet against the octogenarian.  At least not yet.

http://www.bloomberg.com/news/2013-01-10/buffett-says-banks-cleared-of-excess-risk-pose-no-threat-to-u-s-.html


Wednesday, November 21, 2012

Human Freedom Rests on Gold Redeemable Mone

Warren Buffett may ridicule gold as a worthless asset, but his father certainly believed otherwise.

http://www.fame.org/pdf/buffet3.pdf

Thursday, May 31, 2012

Saturday, September 10, 2011

BAC Triggers Avalanche Of $7.00 Stop Loss Sell Orders

Warren Buffett injected $5 billion into Bank of America recently in an attempt to catch a falling knife.  I warned then that blindly following the Oracle of Omaha could be a mistake, in light of all the troubles BAC is having on the mortgage front and lawsuits against the embattled bank. 

http://www.zerohedge.com/news/bac-triggers-avalanche-700-stop-loss-sell-orders

Monday, July 11, 2011

Jim Cramer, Gold: the running of the bulls

Now I'm worried.  Jim Cramer and I agree on this.


http://youtu.be/by31GBwhvXA

Wednesday, April 20, 2011

Buffett vs. gold

Click on image to enlarge.

Thursday, October 21, 2010

Warren Buffett: forget gold, buy stocks

http://money.cnn.com/2010/10/18/pf/investing/buffett_ben_stein.fortune/

I respect Warren Buffett for his stock-picking acumen and value-driven analysis, but I have no idea where stocks are headed. As long as the developed world is running deficits, debasing their currencies, and keeping real interest rates negative, I will be accumulating tangible assets, specifically precious metals.