Yeah I totally trust the Irish, I mean their economy is fantastic at the moment. http://en.wikipedia.org/wiki/2008–2011_Irish_banking_crisis Love it when investment bankers come out and say DON'T BUY GOLD! DON'T BUY SILVER! Usually I do the exact opposite and profit
I am going to guess that the person who wrote that article was pumping housing near the top of the real estate bubble. As far as Warren Buffet goes, he lost all credibility with me when he got in bed with Goldman Sachs and then publicly defended them. He made his money as an early hedge fund manager and then tells investors to buy index funds. Also, he apparently was in serious trouble with the SEC a few years ago, sold his massive silver holdings and his troubles went away. I will give him credit for leaving most of his net worth to charity, but I don't trust anything he says.
I agree. If you want to establish a big position in something, talk it down, encourage people to sell -> price drops, then you can buy in at a cheaper price. People should be waking up to this by now. Financial types talk up a market when they have an established position. They talk it down when they want to establish a position. Otherwise they mostly don't mention something or just mention it in passing but don't focus on it too much if they don't care. EDIT: my favourite line "You should never have more than 5pc of your investment portfolio in gold" lol. They trot that one out constantly.
What does Warren Buffett have in his coat pocket. Two Gold coins at all times. Just in case he might need it case of currency collapse in any country. Regards Errol43
