Today’s global bubble is debt; private, municipal and especially sovereign.
The “easy” “solution” is more debt, piled on top of more debt. The game is to keep papering over that mega bubble with still more debt paper.
Buffett must help keep the game going; his company is on the hook for billions of credit derivatives and he can’t afford for the game to end prematurely. He is part of the problem, but he also understands how to play the fascist rules in partnership with statist government leaders. He also understands that he needs to own real, hard assets that can’t be inflated away through money printing.
The price of gold is like a canary in the coal mine as an indicator of fiat currency’s falling real value. The price reveals what bankers, government leaders and fascist-statists want to hide, including the exploitation and financial repression of savers, pensioners, and the larger middle class. Warren, you are pathetic.
What a lying animal Warren Buffett is. He wants everyone else to be poor. Gold is the one thing everyone should be buying. I hope his lies don’t cause people to lose their shirts.
The sooner this Obama-loving piece of excrement croaks the sooner Satan gets a new buttboy.