There is no "compounding" in medals. It is inflation, and will stop, and so will your compounding. Buffet knows cash flows are more dependable than the prospect of rising prices in commodities. I completely understand where he's coming from, and you do not. Compounding medals will stop.
And XOM is up tens of thousands of percent since then, so gold has lagged that stock for sure. Think the split adjusted price from mid seventies of XOM is below $0.15.
Really??? There's no compounding in metals? I must be doing something very wrong then. Buffett is 1st and foremost an Insurance Guy. I don't know how long you have been alive. But my experience with insurance people is less than honorable.
You are. Riding the coattails of an inevitable bubble burst that you've just so happened to catch when any time in the last 30 years really wasn't that great of an opportunity and that's the point Buffet will make to you and so will I.
Every now and then it's important to have the retarded kids feel special. Boost their ego up and let them be. Hopefully they'll become someone else s problem. All I said was Buffett might have a bias towards metals, and this nigga gets all emotional like I took a shit on his dinner.
There's no room for ego in trading, which is why I let my systems trade for me. Your "compounding" comment is dumb luck. Buffet's bias is that they're terrible investments long term, and if that's a bias, we really know who the retarded kid that needs to feel special is. So what has gold done lately? Breaching to its all time high, it has set three lower highs in a row and aren't you wondering what to do?