So, how much gold have you bought?
How willing are you to bet your own money on this prediction?
Warren Buffett and Ray Dalio two very different views on gold
- Thread starter GON
- Start date
How willing are you to bet your own money on this prediction?
Sure but you include storage fees and the transactional cost it's a loser.
Wat?
I didn't pay anyone a dime for storage, and with funds even easier.
Sure, but even if you factor in above spot buy and below spot sell, it wasn't a loser.
But hey, I don't want to be a closed minded person, please show me.
I got some but now recently. Here in Canada we have what's called TFSA (tax free savings account) which allows buying stock/shares inside it (self directed investment TFSA) and whatever one makes is all tax free as well as deposits, total deposit amount should be under a certain cap which is different for each person and depends on how long they worked and each year cap goes up another $6500 on average. I invest thru it making good returns (about 100% a year in profits on average), money can be taken out at any time. TFSA investments gave me better returns than what gold would. But, yes, I do think gold (not paper gold) will do very well and I do have some.
Sure timing is everything but Buffet essentially said the same thing as I years ago when the gold bugs were rooting for hyperinflation back in the early 2010's. He and I were both speaking of physical gold rather than shares of gold which may or may not exist. People who owned gold in 1980 and 2000 did well as well. When gold does well the economy is in the dumpster. When own gold when you can own an income producing asset?
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I have 20 1989 Vienna Philharmonics I bought at the introduction of the coin.
Not buying.
Not selling.
Every now and then I bust out the open sleeve and give them a feel and give one or two a "ping".
Real 9999 gold has a beautiful resonant ping that fake metals dont achieve - often ringing for a few seconds after a strike.
There is variation though 22's like rands, arent quite the same.
I have typical fake detection instruments - mic, scale, fish if Im buying or selling
Not buying.
Not selling.
Every now and then I bust out the open sleeve and give them a feel and give one or two a "ping".
Real 9999 gold has a beautiful resonant ping that fake metals dont achieve - often ringing for a few seconds after a strike.
There is variation though 22's like rands, arent quite the same.
I have typical fake detection instruments - mic, scale, fish if Im buying or selling
For wealth preservation versus creation.
Buffett is right for Berkshire investing where wealth creation is the goal. A certain amount of precious metals for wealth preservation in a personal portfolio makes sense once your wealth goals have been met.
No need to pay storage for something that requires a tiny amount of space.
Agreed, physical gold is the deal. Paper gold is a scam
Value gain is not always on the economy dumpster part but often enough so that some correlation exists, thats never stopped me from being able to move it though.
The question you posited - why gold when you can own an asset question is an excellent question, and the answer is you should have both.
Stacks= alternative form of financial flexibility with security.
I used some stacks as security deposit on a 150K piece of gear I borrowed money from an associate to buy that had a 6 month ROI.
Partner and I paid off loan, stacks got handed back.
Metals are simply part of a balanced portfolio.
ETF charges 0.1% each year only
Not a scam. No, not at all. BUT it's vaporware when SHTF or whatever........I've made real $ in Ag, Au funds as well as real metal. Not so much in Pt funds though.
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BTW GOLD is NOT an investment.
You can speculate and make money. You can hold and make or lose money. You can trade with it, barter with it.
Gold can be insurance of a sort. It can be collateral.
It earns nothing. It doesn't grow. It's not an investment.
GON
$175 Site Donor 2026
Here is a question, one of the worlds wealthiest men, and also a very savvy individual, Bill Gates.
How much if any physical gold does Bill Gates hold, and if he does hold physical gold, why? and where does he store it? If he holds gold does he store it in the US? At his estate in New Zealand?
GON
$175 Site Donor 2026
Sorry, I missed you asked a question.
GON
$175 Site Donor 2026
I have almost everything in certificate of deposits. I had very significant losses in equities , and decided to go with something that can't keep up with inflation, but something I understand.
https://www.fool.com/investing/2025/11/02/bill-gates-67-percent-of-portolio-in-3-stocks/
This is in the foundation only. I think most super wealthy individuals would use foreign holding companies in BVI Bermuda Panama Switzerland etc to hide his holding. If people know what is he going to do next then smaller more nimble investors would go ahead of him and ruin things for him.
Whales cannot concentrate holding in speculative investments without concentration risk. They tend to diversify and get above market return when people come to them with better offers than market, than guessing which way the market will go ahead of time.
He owns things from farmland to stocks and nuclear startup. I am sure he has some gold in a fund managed by a family office, I mean foundation, somewhere on earth.
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Yeah I don’t bother reading GON and his AI stuff. I’ll take Pablo’s advice.
