By now everyone knows that Warren Buffet stated a couple weeks ago that he would recommend avoiding gold and buying stocks. Here's why:
See the problem? "Hat tip" to my colleague Hal for this chart. As you can see, Buffet's primary wealth vehicle (that we know of) has substantially underperformed gold for the past 10 years.
To have a great understanding of why gold/silver will start to accelerate in price vs. everything, please read the latest posting from Jim Willie: LINK This essay does an epic job of explaining why the U.S. banking/financial system is on a catastropic precipice and what to watch for in terms of the impending massive monetization that is about to be implemented by the Fed/U.S. Government.
JW explains the Fannie Mae will be used as the vehicle to monetize the mortgage fraud. For the record myself, along with a couple long-time colleagues, have been predicting that this would occur since 2002.
Monday, November 1, 2010
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