stupid bitcoiners don't know it's over.

Warren Buffett addressed the value of gold this week. Why is it going up? Why is it beating all other investments? His answer? People are irrational. But Buffett is 95 years old and doesn't have to worry about the end of the monetary system. Berkshire Hathaway owns enough assets that his cash stack doesn't really mean anything. Meanwhile, everyday people are worried about how to prevent their savings from melting away. To say that gold does nothing is arrogant and absurd. In the same way a levee just sits there but keeps the flood at bay, a scarce commodity provides some defense against inflation. Many of these big intitutional investors like Buffett lack a basic sense of decency. I get he is talking to investors, but the message is clear: if you are trying to defend your work against debasement you're irrational.

CNBC

Warren Buffett's master class on the problem with gold

The gold rally has some strategists arguing it should now take a permanent place in diversified portfolios. Buffett rejects it as a long-term inves...

our town (Denton, TX) has a big rig parade tonoght.

Goldbugs are going to lose their minds when the paper selloff rug pull happens.

When Peter Schiff roots for gold, he roots for China and the communists. View quoted note →