Warren Buffet is wrong.
I know this seems like I’m attacking a “sacred cow” here, but I think you’ll agree with me when you hear what I have to say. (Incidentally, I’m a fan of Buffet’s investment skills, but he’s part of “The Club” and is mostly concerned with his own self-interests).
Here’s the scoop:
Buffet calls gold and silver (precious metals) “barbarous relics” and doesn’t own it because it doesn’t pay any dividends. Yet his company (Berkshire Hathaway) bought 129,710,000 ounces of silver in 1998.
And they tried to hide their purchase by not disclosing it in their annual report. (After being pressured by the SEC and CFTC, they eventually disclosed their holdings).
He also lied stretched the truth about the dividends when he sold options against the silver creating an enormous income from it.
See what I mean?
Again, nothing personal against Uncle Warren. But someone needs to stand up and tell it like it is.
And in our newsletter Simplifying Wall Street in Plain English we spend a lot of time exposing many of the myths that are keeping you from making money (especially in gold and silver).
To get the goodies go to (HERE).
And if you want to read the 12-page article exposing Buffets lies, then go (HERE).