Buffet bitch-slaps Goldbugs, Deficit hawks

>“Those who regularly preach doom because of government budget deficits (as I regularly did myself for many years) might note that our country’s national debt has increased roughly 400-fold during the last of my 77-year periods,” Buffett writes.

>“That’s 40,000%! Suppose you had foreseen this increase and panicked at the prospect of runaway deficits and a worthless currency. To ‘protect’ yourself, you might have eschewed stocks and opted instead to buy [3.25] ounces of gold with your $114.75.

>“And what would that supposed protection have delivered? You would now have an asset worth about $4,200, less than 1% of what would have been realized from a simple unmanaged investment in American business. The magical metal was no match for the American mettle.”

Grandpa strong hands lays the smack down on Biztards

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HE CANT KEEP GETTING AWAY WITH IT

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>"The magical metal was no match for the American mettle.”
Tin-foil hatters absolutely BTFO

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Buy the Index and All American value stocks

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Fuck he's good. Gold BTFO.

but what if you are buying superior gold with a tiny tiny market cap? hmmmmmmmmmmm mr buffet?

We prop up our currency by forcing oil markets to use it.
If you support the petrodollar, you support terror.

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I'll gladly support terrorism and many more things as long as there is steak on my plate. Fuck off communists.

Past performance does not guarantee future returns, retard

True, so let's throw technical and quantitative analysis off the window. Please give me your fundamental analysis for Gold my friend.