Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 0
One of America’s Biggest Gold Wholesalers Exposes the Most Common Gold Scam Enslaving the Country
The Tucker Carlson Show
Over the past 25 years, since January 2000, the price of gold has nearly doubled the S&P average. Why don’t most people know that? There’s a reason, says Chris Olson, one of the country’s biggest gold wholesalers. This is an amazing story. (00:00) Introduction (04:49) How Has Gold Withstood the Test of Time? (25:54) Who Is Buying Gold? (48:27) What Are the Risks to Buying Gold? (53:21) The Difference Between Silver and Gold Paid partnerships with: Black Rifle Coffee: Promo code "Tucker" for 30% off at
https://www.blackriflecoffee.com SimpliSafe: Visit
https://simplisafe.com/TUCKER to claim 50% off a new system. There's no safe like SimpliSafe. Cowboy Colostrum: Get 25% off your entire order with code TUCKER at
https://cowboycolostrum.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Listen on Apple Podcasts:
https://podcasts.apple.com/us/podcast/the-tucker-c...
No. of Recommendations: 7
“ Over the past 25 years, since January 2000, the price of gold has nearly doubled the S&P average. ”
True. But Berkshire did slightly better. And that’s gold price only, no costs taken into account. There has to be costs when owning the metal - storage, insurance?
My money, literally, is on continued Berkshire outperformance. I’d rather own a productive asset.
https://testfol.io/?s=8vzHewlEhLg
No. of Recommendations: 27
“Over the past 25 years, since January 2000, the price of gold has nearly doubled the S&P average. ”
You chose your time frame let me choose mine.
Sometime during 1980 both gold and DJIA were $850. Today gold is near $4,000 and DJIA is $48,0000.
No. of Recommendations: 25
“Over the past 25 years, since January 2000, the price of gold has nearly doubled the S&P average. ”
...
You chose your time frame let me choose mine.
Sometime during 1980 both gold and DJIA were $850. Today gold is near $4,000 and DJIA is $48,0000.
Good point, but extend it even longer:
The main case for owning gold is also the main case for NOT holding gold.
The case for holding it is that it has held its purchasing power (within a range) for millennia, so it will probably continue to do so, no matter what happens to the world's financial systems. Fair enough.
But the case against it is that it has merely held its purchasing power (within a range) for millennia. We're in the high half of the current price cycle at the moment, so the gold bars are a pinch shinier than usual, but an ounce of gold doesn't really buy any more "stuff" than it did 100 or 500 or 2000 years ago. So it isn't an investment in the conventional sense. An ounce of gold has a market value sufficient to buy one of the best men's suits available--same as always.
Jim
No. of Recommendations: 1
“ An ounce of gold has a market value sufficient to buy one of the best men's suits available--same as always.
Jim“ Not to mention that if you held gold in a safe it has yielded zero for the entire period owned. How much has Ko yielded the past 30 years? Good morning old bud, even five of the Mag 7 yield more than gold. Come on bro, once in 25 years agree with me on something , just one issue, before team brk meets my request, you can do this. Shock Brkville and admit that it’s time for a new catalyst to increase demand for the common. With all due respect, remind us, have you ever disagreed with one Buffett move, ever questioned his reasoning? Thank you, your favorite partner Hc, who has offered Buffett sage advice for over 20 years.
No. of Recommendations: 8
WHat difference does it make if Jim has agreed or disagreed with one Buffett move, or questioned his reasoning?
Warren Buffett is not listening to Jim. Or hclasvegas. Or anybody on any online internet message board.
Or the past 30-40 years I have been reading online message boards, even Bulletin Board Systems via 1200 baud modems. There have been raging discussions and debates about financial things, from property taxes, estate taxes, saving Social Security, etc.
Sometimes, the debates have settled on one conclusion as to what should be done.
And the ONE THING all these discussions have in common is that the people who run the systems, the Warren Buffets, the heads of SSA, pay no attention to what the group said.
Might as well have Mrs. Smith's 5'th grade class decide on how to settle the Ukraine war.
It's just online mental onanism. Full of sound and fury, signifying nothing.
One of my co-workers had a quip when we had engineering technical meetings about some product we were developing. He'd say "Now that we have agreed, I'll give Mr. Galvin (the president & CEO of Motorola) a call and inform him. I have him on speed dial but it always goes to voicemail."
How about you? Do your calls to Buffett always to to voicemail.
No. of Recommendations: 1
" And the ONE THING all these discussions have in common is that the people who run the systems, the Warren Buffets, the heads of SSA, pay no attention to what the group said.
Might as well have Mrs. Smith's 5'th grade class decide on how to settle the Ukraine war.
It's just online mental onanism. Full of sound and fury, signifying nothing."
Let me tell you why you are 1000 percent wrong, with certainty. My gfriend taught me how to type and turn on the computer in 2000. I slowly learned how to communicate on the gaming boards and the gaming manufacturers boards, without perfect secretarial skills. Within a year about 10 of us started to communicate privately, offline, as well. Within two years we met insiders and BODs of most gaming companies, and we all became friends seeking the same outcome, higher stock prices and more valuable options. Within two years two guys of the original 10 were asked to join the BODS of public companies in the space. 6 of us still talk several xs a week. Two passed away, two had serious family issues. I know with 1000 percent certainty many insiders and BODs read message boards.
Also, twice in the past 25 years I heard from brk, corporate, I'll leave it at that.
Note, no one from 25 years ago claims I back seat drive, bullshit, etc, I make my calls in real time, no bullshit. I iggy several idiots so who knows what they post. IF and when Jim or other respectable old timers call me out, fine, it doesn't happen.
This is the appropriate time for brkb to issue a small quarterly dividend, which is in the best interest of ALL longs, including Buffett, period. We shall see.
No. of Recommendations: 2
Not to mention GMs of many gaming properties and key employees of brick-and-mortar casinos and suppliers, many read the boards and the comments of posters they respect. Many have reached out over the years.
Kirk Kerkorian was the control person of MGM casinos and MGM film. Kirk was a very private guy, very low key, but the only control person of public companies who came close to Buffett with respect to generosity toward his shareholders aka partners.
Due to posts on those boards, I got to meet Kirk twice and chat VERY briefly, but it was still a highlight for me.
If I thought odd lot clowns living in their mom's basement were the only posters on these boards, I would be on pawn sites, lol, not here.
I still communicate privately with several of the sharpest old timers who gave up on this " cult" like community, hence they no longer post here.
WHO ran off Nola I forgot already? Another sharp guy who added value, gone.
No. of Recommendations: 3
Might as well have Mrs. Smith's 5'th grade class decide on how to settle the Ukraine war
....
It's just online mental onanism. Full of sound and fury, signifying nothing.
I wouldn´t have put it that harsh --- but you are correct.
I imagine as more functional and satisfying social relations people have in real life as less they need to post. Would be worth a study if there really is such a correlation.
No. of Recommendations: 0
It should be mentioned that years ago HC initiated a legal action against MGM that resulted in a favorable outcome for ALL shareholders. One would think that the "experts" who are complaining about his posts might have better things to do with their time. UCMTSU
No. of Recommendations: 0
“ It should be mentioned that years ago HC initiated a legal action against MGM that resulted in a favorable outcome for ALL“ That was Mirage not mgm. Do you know me or just from the boards? Hit me up privately.
No. of Recommendations: 3
Anything that Midas touched turned into Gold. Pretty soon he ran out of useful things.
No. of Recommendations: 4
The main case for owning gold is also the main case for NOT holding gold.
Exactly, but I would adjust the statement to -
The main case for owning gold is also the main case for NOT holding gold as an investment.
Holding "some" gold is a hedge against financial armageddon, but as an investment it is terrible, especially over the long term. Why would anyone invest in something that *just* keeps up with inflation, but shows no real gains at all over the long-term?
No. of Recommendations: 11
Why would anyone invest in something that *just* keeps up with inflation, but shows no real gains at all over the long-term?
Because if you’re lucky (or good) you can time your entrances and exits to produce excellent returns. (Hence the many posts carefully choosing their time periods for performance.)
Of course you can do the same with stocks, and perhaps with a bit more precision. There have been long stretches when certain companies’ shares were stagnant, in spite of the growth of the business. WalMart and Microsoft come to mind, but I’m sure there are thousands of such examples (again, if you choose your date selection criteria carefully enough).
And unlike stock certificates, which in the 1930’s could have been used for wallpaper, gold has certain residual value. You could hammer it thin and use it to adorn an office with garish and unseemly decor, for instance.
No. of Recommendations: 3
There was a point in 1999 where gold was priced at the cost of production for the most efficient producers. That would have been a good time to buy gold (or gold miners).
No. of Recommendations: 7
Because if you’re lucky (or good) you can time your entrances and exits to produce excellent returns.
But this has nothing at all to do with gold! If you are lucky or good at timing, you will produce excellent returns regardless of what you are investing in.
No. of Recommendations: 3
But this has nothing at all to do with gold! If you are lucky or good at timing, you will produce excellent returns regardless of what you are investing in. True enough.
And if you have that skill and inclination, the best strategy is to pick the underlying asset which has the most easily measured and predictable value so the extremes become clear, and ideally with the fastest mean reversion.
Hmmmm....
http://www.stonewellfunds.com/SmoothedRealValuePer...Jim
No. of Recommendations: 1
Sometimes the conversations on this board are worthy of an HBO comedy special,
"Nearly 90% of funds underperformed the S&P 500 over a 10-year period, according to SPIVA Scorecards. This statistic highlights the challenges faced by professional money managers in consistently outperforming the market. "
Have T and T beat spy the past 10 years?
Did Buffett win the bet vs the hedge fund elite on beating spy?
When it comes to managing our cash has Buffett beat SPY the past 10 years?
Has brkbs buyback policy and timing been optimum the past 20 years?
The 64 Billion dollar question is, does Buffett still believe it would be prudent for a 65-year-old retiree or any investor to be 90 percent SPY 10 percent cash?
I think not but who knows IF he has one more serious interview in him?
Trade away and market time your little hearts out kids.
