| This graph should ring a few bells
legendary
Activity: 3052
Merit: 2313
Buffet knows the shit coming towards us is bigger than what we all think and $2k/ounce for gold is still cheap that's why he is buying now.
jr. member
Activity: 84
Merit: 3
You have probably heard the news. Warren Buffet bought gold, or rather something very similar to gold, for the first time in his history.
Yes, I heard him.He was not try to announce he is investing on BTC.
Probably he is investing on BTC that would make some persons have interest too resulting to pump also want to accumulate.
sr. member
Activity: 1876
Merit: 318
I am a person who admires the figure of Warren Buffett, even though he is a Bitcoin hater. Because I'm not a typical person who likes to force
my will, we must not blame or hate Warren Buffett for not investing in Bitcoin. Let him decide the best for him, and if in the end Warren Buffett
buys Gold for the first time, congratulations to him. Maybe he just really understood and believed in Gold, so he decided to buy Gold. It's the
same with Bitcoin, if he has really understand about Bitcoin. Definitely going to buy Bitcoin, because it is only natural that people will invest
that he or she really knows.
legendary
Activity: 2114
Merit: 15144
Fully fledged Merit Cycler - Golden Feather 22-23
Buffet is one of the most respected business tycoon in the world and if there is a chance that he accumulated crypto secretly it will after his dining with Justin Sun cause he was giving his first bitcoin by him and with the price sense of bitcoin when the pandemic issue was high Buffet may have give in to crypto secretly.
About his Gold investment this wont be his first time.
Warren Buffet represents "the real money owner". Buffett's change in investment strategy is hard code that some people don't understand about the strategy used by America and the makers of the international economic system for balancing the dollar amount printed, with the project or collaterals so that there is no more subprime mortgage-type case. America realizes that printing money, especially for direct cash assistance to overcome the pandemic, is a step towards a decrease in the value of the dollar and inflation, therefore the price of gold rises. In order to reduce the disparity in the printing of money and avoid the potential for depression, the method taken by the owners of the system was to increase their gold reserves and increase the price of gold. As a price maker, it is certainly easy for America to pump up the price of gold so that in the end the ratio of gold owned by America is not unequal with the printed dollars. Mhh not too sure I fully got the sens of your message. But for sure there is something I don't agree with. Buffet Strategy is clearly an example of someone that fully understands what it is going on. US are printing money like crazy. Every money aggregate M1, M2 and so on is on parabolic growth, as it is FED balance sheet. |  |  | | M1 looks even more aggressive
sr. member
Activity: 2002
Merit: 269
Not really a good decision coming from one of the so called best investor of our generation, gold is not for me the best assets or commodity to buy today when there are a lot of Fintech and start up and promising assets like Crypto, but we all know Buffet he doesn't profit anymore at his old age even though people are shouting Crypto is the next big thing.
legendary
Activity: 1904
Merit: 1096
Leading Crypto Sports Betting & Casino Platform
Gold mining is a bit of a secure investment imo...
And you're not just investing in the gold, you're investing in the infrastructure which can be sold on if necessary or leased. Even if the price of gold falls, margins are still probably the same.
He probably won't be alive at a point where he'd choose to invest in bitcoin mining, and he probably already holds bitcoin(?) What stopped him holding $1 million worth and just keeping it parked? Berkshire aren't going to buy bitcoin anytime soon - in any meaningful amount I doubt bitcoin could absorb it.
This does actually mean though that Warren buffet has turned away from real estate and to gold - does he think new York Real Estate won't be growing for a while? Is he worried of another banking crisis? Most people say house prices should fall between 6 months and a year - perhaps this is his bet on that...
There is an article pointing out that gold mining is not really profitable as people usually think. Most of the mine is out of stocks and those gold companies consider that finding a new mine will cost them huge money for new infrastructures and facilities. Well, although Warren Buffet is a legend in investing, I doubt that he can make a clear decision when he is getting older years by years. However, we can't deny his impacts on the economy since every investment he makes can easily cause a big FOMO in the investing world.
full member
Activity: 1162
Merit: 168
People only likes to invest in things they know about and understand fully. I don’t think anyone, even you, that knows what they are doing will be investing his or her money in something that they don’t know about, and the way I see it Warren Buffet doesn’t know much about cryptocurrency, and that’s based on some facts I have seen before. He doesn’t know much about Bitcoin, he doesn’t understand it, so he chose to invest in something that he believes in and we should let him be.
I still believe that as time goes on, most of these big investors that don’t like Bitcoin will come to understand it very well and then start to invest in it. They all have their advisors I believe, and maybe one day it will be something they will be discussing.
sr. member
Activity: 2044
Merit: 329
Buffet is a veteran investor who is notoriously idealistic, I believe that until Buffett dies, he will not invest in Bitcoin. Buffet is too old for crypto. If he want to just buy gold and not invest in btc then it his own right
there is no young or old in crypto investing... Since the beginning Buffet did not really like cryptocurrencies, especially Bitcoin, Buffett has made several statements insulting Bitcoin; Buffet said, Bitcoin doesn't do anything, it's just like a clam or something. For me, it's not an investment, it's just a gambling tool.
sr. member
Activity: 2380
Merit: 251
Eloncoin.org - Mars, here we come!
Buffett gets rich and he believes in what he has learned. The truth is he is old and I think he changed his opinion. Also in 2019, he was fooled $ 340 million into the clean energy company DC Solar of the couple Jeff and Paulette Carpoff in California (USA). He let Elon Musk pass and dropped quickly. Buffett has sold out all of his aviation shares. Previously he thought gold was not something worth investing in, but now he's changed. Maybe in a few years he will buy bitcoin.
Changing strategies according to the condition is really important for an investors to make profits and that is what actually he is doing, he knows that aviation companies are going to be in huge crisis for few more years so he switches to something better which is gold at the moment.Probably there will not be enough time for him to invest on the bitcoin due to age factor but if someone follows his strategy will do that in future when bitcoin is about to make a huge change.
legendary
Activity: 2198
Merit: 2223
From Zero to 2 times Self-Made Legendary
Buffet is one of the most respected business tycoon in the world and if there is a chance that he accumulated crypto secretly it will after his dining with Justin Sun cause he was giving his first bitcoin by him and with the price sense of bitcoin when the pandemic issue was high Buffet may have give in to crypto secretly.
About his Gold investment this wont be his first time.
Warren Buffet represents "the real money owner". Buffett's change in investment strategy is hard code that some people don't understand about the strategy used by America and the makers of the international economic system for balancing the dollar amount printed, with the project or collaterals so that there is no more subprime mortgage-type case. America realizes that printing money, especially for direct cash assistance to overcome the pandemic, is a step towards a decrease in the value of the dollar and inflation, therefore the price of gold rises. In order to reduce the disparity in the printing of money and avoid the potential for depression, the method taken by the owners of the system was to increase their gold reserves and increase the price of gold. As a price maker, it is certainly easy for America to pump up the price of gold so that in the end the ratio of gold owned by America is not unequal with the printed dollars.
legendary
Activity: 3486
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
His life will not be enough to see bitcoin actually become something huge. Dude is 89 years old, even on the best of terms I can see him go for maybe 10 more years which I really doubt but even if he does that in 10 years bitcoin will not be something super standard and adopted, it will be bigger than what we have right now but it will not be so common that everyone will be using it everywhere, hence I believe that warren doesn't have enough life left in him to see bitcoin soar.
Bitcoin becoming a standard everywhere and the world becoming a lot more online (which is happening right now) instead of actually going out to spend, it will be a lot more than 10 years, it will probably be 20-30 years before that happens. Remember 2010, it wasn't that long ago and we didn't really have too much life changes since that moment, but check 1990 or 2000 and you can see how much we changed, so in 10 years life doesn't change drastically but when you go back 20-30 years it does actually change a lot.
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