GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Warren Buffett: Why stocks beat gold and bonds

Houdini · 02-09-2012, 01:10 PM

Buffet has been bashing gold and silver since he sold his huge share of silver and missed out on all the gains over the past 10 years. In 1998, he bought 130 million ounces of silver in the $5 dollar range and sold in the $7's just a year or two later. If he would have held, that $680 million would have been worth $3-4 billion today and over $7 billion last year when silver was up in the high $40's. How many of his stocks have increased 600-700% in 10 years? I doubt many.

Nevertheless, over his span of investing, stocks have beat gold and silver hand over fist.

02-09-2012, 01:10 PM
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	Buffet has been bashing gold and silver since he sold his huge share of silver and missed out on all the gains over the past 10 years. In 1998, he bought 130 million ounces of silver in the $5 dollar range and sold in the $7's just a year or two later. If he would have held, that $680 million would have been worth $3-4 billion today and over $7 billion last year when silver was up in the high $40's. How many of his stocks have increased 600-700% in 10 years? I doubt many. Nevertheless, over his span of investing, stocks have beat gold and silver hand over fist.