Hi Ole 49r,
I have been thinking about WBuffett and the Thrift idea forma long time now. It is possible that the trio would like to launch a financial/banking system, but what would they do with a Thrift ?
Soros would prefer nothing less than an International bank. WB and Gates would probably be more delighted with a world bank than a small US Thrift/Savings & Loans. Do they have the financial muscle ?
Well BG was worth a cool $35B about a year ago. Since then MSFT has gone up at least 50%. So BG is now worth at least $50B. Not far behind is WB, and ofcourse Soros is up there somewhere. So, they certainly have the ability to start an International financial institution. And hence, they have to have hard reserves such as gold and silver. That could explain, in part, some of the Ag purchases. The question is - Are they buying gold too ? I wouldn't be too surprised if they were.
They have nothing to lose. Au & Ag are almost at the bottom. If the financial institution idea does not pan out, well, au & ag may be a good investment for the future. If the idea does pan out, well, the trio can start leasing Ag, & Au, computer H/W and S/W, etc. etc.
Worse come to worse, they can always start minting gold and silver millennium coins. There could be a good markup in them you know.
Just my thoughts. Have recovered from my flu and have been feeling much better lately.
Cheers, Lalit Jain |
