from gold eagle.
Today I read that Mr. Buffet had to apologize for the lack of performance that his investment company has had over the last few years. I think that many people may think that he has missed the boat when it comes to the high flying Dot.Coms. Indeed that may be the case, but like the Titanic, if you missed the boat, I guess that also means that you missed the Iceberg also.
So, it is always just a matter of perspective, isn?t it. Mr. Buffet may look like a looser in today?s market, but by the end of the year, I have no doubt that all of his critics will be eating their words.
Mr. Buffet is not a stupid man. When the bottom of the Dow falls out, and when reality finally sets back in. The sheeple will be looking for the best companies to invest in, i.e, those that have actual products and revenues. i.e. This is where Mr. Buffet currently has all of his assets.
He realizes that he will be vindicated in the long run as all of the recent high flyers hit the skids, and 95% of all investors across the board will loose 75% of their wealth. Mr. Buffets holding will no doubt be headed in the opposite direction mainly up. At that time, Mr. Buffet will again be heralded as the investment visionary that he truly is.
Lets face it, both Gold and Silver are solid investments for the long hall, both are posed to rally in the not too distant future. Silver in particular is following a very bullish long term scenario currently trading at about $5/oz. You can't go wrong investing in either at this point in time.
I have to admit, I am a closet Silver Bug, I really like the white metal. |
