Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Joan Osland Graffius who wrote (775)	12/8/2001 1:14:30 PM
From: russwinter	Read Replies (1) of 39344

<why you don't think he would.> New thing going around, called credit risk, counterparty risk, Enron, shaky insurance companies and financial institutions. All these elements are counterintuitive as to why someone like Buffet would purchase a hard asset, as he's in deep already on all the financial soft assets. Makes no sense to buy this kind of asset and then turn around and loan for a nominal return to lord knows who. But then, hey, that's why he's Warren Buffet, what do I know? What he does here, might be an important indicator.

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