| Author | Message | ||
     Ashton Hero Username: Ashton Post Number: 13569 Registered: 05-2008 Posted From: 205.234.140.219 Rating: N/A |
You are right man! http://en.wikipedia.org/wiki/Executive_Order_6102 | ||
| Sanman Side Hero Username: Sanman Post Number: 5137 Registered: 08-2010 Posted From: 66.177.5.103 Rating: N/A |
when the time of need comes they will be taken away from you. they will be illegal to possess like it is illegal to possess guns. it was done in US before. it can be done in India by a rogue or foreign govt Life is like butterfly, all you need to do is hold it in ur hands and enjoy it - Lokesh baba | ||
| Entikaburlu Side Hero Username: Entikaburlu Post Number: 3449 Registered: 07-2011 Posted From: 67.247.83.224 Rating: N/A |
avi national reserves kaavu. when india needs you will not give your gold right, so you cannot count it. what RBI holds in their asset portfolio is what is counted. | ||
| 2009 Junior Artist Username: 2009 Post Number: 591 Registered: 07-2008 Posted From: 96.18.202.75 Rating: N/A |
http://epaper.sakshi.com/details.aspx?id=1117921&boxid=26701 876&eddate=05/12/2011 india public kaada 18000 tonns, 10 % of world reserves  | ||
| 2009 Junior Artist Username: 2009 Post Number: 590 Registered: 07-2008 Posted From: 96.18.202.75 Rating: N/A |
http://en.wikipedia.org/wiki/File:U.S._Bullion_Depository.jp g | ||
| Entikaburlu Side Hero Username: Entikaburlu Post Number: 3441 Registered: 07-2011 Posted From: 67.247.83.224 Rating: N/A |
8000 t sounds big as an absolute amount, but you have to see it as percentage of the loans outstanding. then it is a miniscule percentage. I am sure they won't do but that 8000 t should be raised to 80000 t. atleast 10x. both india and china are aggressively buying gold. india has about 1200 t. china about 3000t . most central banks have pitifully small reserves of gold. but then, if they start buying gold, it is like a temple priest preaching atheism. hence the paradox. | ||
| Entikaburlu Side Hero Username: Entikaburlu Post Number: 3439 Registered: 07-2011 Posted From: 67.247.83.224 Rating: N/A |
not in BRK. one his companies might, but he is generally anti-precious metals, due to the reasons he explains well. He inherited a huge amount of Silver when he bought some co for BRK, but he sold it off between 12 - 16 an oz. Incidentally, Soros, another legend of our time, also sold off all silver and buying farm land apparently! | ||
| Entikaburlu Side Hero Username: Entikaburlu Post Number: 3438 Registered: 07-2011 Posted From: 67.247.83.224 Rating: N/A |
yea, you offended me! j/k - nenu offend avvatamemitandee, mee ishtam vachi natlu kummukondi. | ||
| Oohlala Comedian Username: Oohlala Post Number: 1458 Registered: 09-2008 Posted From: 107.3.138.58 Rating: N/A |
Does buffet own any precious metals? | ||
| 2009 Junior Artist Username: 2009 Post Number: 589 Registered: 07-2008 Posted From: 96.18.202.75 Rating: N/A |
as long central banks keep printing money, which they have been doing,, GOLD ki vachhina dhoka em ledu is there is any such case, why would US treasury has 8000 tonns of gold and other central banks own tonns of gold http://eenadu.net/Business/Businessinner.aspx?qry=bussi1 | ||
| Oohlala Comedian Username: Oohlala Post Number: 1456 Registered: 09-2008 Posted From: 107.3.138.58 Rating: N/A |
He said that.....very surprised....may be because living all his life in US, he never realized the intrinsic value of gold..... | ||
| Conquas Junior Artist Username: Conquas Post Number: 38 Registered: 11-2011 Posted From: 99.82.251.78 Rating: N/A |
I am withdrawing my comments... Aim sorry if I offend you with my previous comments... Bulls make money, bears make money, pigs get slaughtered. Don't get greedy.. don't know why most of the times i am loosing money.. | ||
| Entikaburlu Side Hero Username: Entikaburlu Post Number: 3430 Registered: 07-2011 Posted From: 67.247.83.224 Rating: N/A |
That is not true. He was an MBA Student in U of Chicago, taught by Ben Graham, reputed to be the only student to have got an A from Gen Graham. After graduating he wen back to his hometown Omaha, and took over a furniture co called Berkshire&Hathaway. He grew his empire since then. I am great admirer of Buffett. I almost agree with every thing he says, and most of the time in awe of his insight and wisdom. except.. on Gold and Silver. But then, he never lived in a non-capitalistic, non-secular, non-democratic, non-theocratic, corrupt, or illiterate societies. | ||
| Conquas Junior Artist Username: Conquas Post Number: 37 Registered: 11-2011 Posted From: 99.82.251.78 Rating: N/A |
Ee buffet guy gurunchi ekkado blogs lo chadiva... I don't know whether it's true or not... This guy and his family made lot of money in world war time... These guys started some textile company during that time.... Aa time lo scarcity kadha... Roti... Kappa aur makhan.... These guys made lot of money.... According to me this guy is like a " gorre tholu kappukunaa thodelu"..... I may be wrong... That was my opinion about this guy.... If anybody can change my opinion about that guy... I am ready... Bulls make money, bears make money, pigs get slaughtered. Don't get greedy.. don't know why most of the times i am loosing money.. | ||
| Entikaburlu Side Hero Username: Entikaburlu Post Number: 3423 Registered: 07-2011 Posted From: 67.247.83.224 Rating: N/A |
One of the bad moves Buffett made, in my opinion, is selling all his silver in teens. now it is in 30's. | ||
| Entikaburlu Side Hero Username: Entikaburlu Post Number: 3422 Registered: 07-2011 Posted From: 67.247.83.224 Rating: N/A |
you have to understand Buffett's comments in their context. firstly Gold is a universal asset (there are only two universal or "fungible" assets in the world Gold and Oil). secondly, Buffett's advice is to American investors, not for every one. Half the countries in the world have no Capital markets. In those they have, half or more people do not have access to them. So, to tell an average indian, investing in Gold is stupid, they should invest in Stocks or debt instruments is impractical. In most countries, Gold is the life money. It saves lives. people save their lives using gold by buying passage, protection and other such things. so, to tell Gold is bad investment is like telling impoverished people Eating rice increases glucose load in blood. | ||
| Sanman Side Hero Username: Sanman Post Number: 5135 Registered: 08-2010 Posted From: 66.177.5.103 Rating: N/A |
adhi obvious kadha. nobody needed to establish gold as a currency. it was the natural choice. not just gold. all precious metals. gold mostly because of its weight and higher value because of limited availability. dollar had to be enforced. and see where the world is now Life is like butterfly, all you need to do is hold it in ur hands and enjoy it - Lokesh baba | ||
| Amigo Junior Artist Username: Amigo Post Number: 399 Registered: 05-2011 Posted From: 68.192.55.192 Rating: N/A |
Poni past theesukundam....anta thope curency aithe why was it replaced by other forms... | ||
| Sanman Side Hero Username: Sanman Post Number: 5133 Registered: 08-2010 Posted From: 66.177.5.103 Rating: N/A |
probably. he always tries to stay in the good books of govt. who knows what his intentions are. his statements are far from truth lot of times. we can only look at the past. in future we could find unobtainium on pandora also  Life is like butterfly, all you need to do is hold it in ur hands and enjoy it - Lokesh baba | ||
| Amigo Junior Artist Username: Amigo Post Number: 397 Registered: 05-2011 Posted From: 68.192.55.192 Rating: N/A |
I dont agree,,, what if gold supply is many times the demand... what if gold is found to have some health affects or ill omen....I mean in future | ||
| Conquas Junior Artist Username: Conquas Post Number: 36 Registered: 11-2011 Posted From: 99.82.251.78 Rating: N/A |
buffet is advisor for both reps and dems... if he need any post... he would have gotten long time back... in bush era... ani na opinion... Bulls make money, bears make money, pigs get slaughtered. Don't get greedy.. don't know why most of the times i am loosing money.. | ||
| Sanman Side Hero Username: Sanman Post Number: 5132 Registered: 08-2010 Posted From: 66.177.5.103 Rating: N/A |
the same can be said about any precious metal. everything does not have to have utility. gold is a much better currency than paper. its been since centuries even before the world learned how to print a colorful paper and call it valuable. ee buffet gadu edho pedda post ki tender estunnaadu anukunta. govt ki anukulam gaa chaala kastapadtaadu. http://www.investorzblog.com/warren-buffett-the-greatest-pr- machine-of-american-history/ Life is like butterfly, all you need to do is hold it in ur hands and enjoy it - Lokesh baba | ||
| Shikari Side Hero Username: Shikari Post Number: 5520 Registered: 03-2010 Posted From: 183.82.187.70 Rating: N/A |
RGV lekkana cheppaduga  http://i.imgur.com/84qe1.gif http://www.youtube.com/watch?v=VXfXghRxy9M | ||
| Cocanada Legend Username: Cocanada Post Number: 34975 Registered: 01-2008 Posted From: 98.17.94.173 Rating: N/A |
shame to shame feeling copper is more useful i guess | ||
| Nice Comedian Username: Nice Post Number: 1394 Registered: 05-2009 Posted From: 122.164.160.228 Rating: N/A |
Warren Buffet has perhaps explained gold the best. He said that gold gets dug out of the ground in Africa, or someplace, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head. |
