You are here
MineWeb: Warren Buffet's good news for gold
By Alec Hogg, Editor
MineWeb.com
Sunday, May 3, 2009
OMAHA -- In the 44 years he's been building a reputation as the world's savviest investor, Warren Buffett has rarely offered any good news on gold. Until now.
The two key messages he delivered to 35,000 shareholders at Berkshire Hathaway's annual general meeting in Omaha over the weekend were inflation is coming back, and the U.S. dollar is headed lower. Both predictions, if fulfilled, are powerfully positive for gold. ...
Despite his gloomy forecasts for inflation, Buffett hasn't exactly signed up to gold-supporting groups like GATA. Rather, he suggested to Berkshire shareholders their best protection was "invest in yourself, and, as a second option, buy stock in a well-run company." ...
* * *
For the full story:
http://www.mineweb.net/mineweb/view/mineweb/en/page34?oid=82710&sn=Detail
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
http://www.gata.org/node/16
