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Showing posts from August, 2011

WHAT’s UP GOLD ?

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A few weeks ago, I was watching a recording of the annual shareholder meeting of Berkshire Hathaway, the investment vehicle of Warren Buffett – an encyclopedia, for commodities inforamtion ( A Woodstock for the mid life financial freaks). This organization, has always been a great reflection point, to understand the views, perspectives etc of the financial wizards on some of the ‘Asset class Commodities’, within the radar of the common man. This time, there are no prizes for guessing, the focus was on Gold.
Hearing the views of the Commodity from the World’s Third Richest man is not a bad idea – it’s like hearing the nuances of the golf swing from Tiger Woods or the roll of the wrists on a backhand down the line from the great Roger Federer.
Buffett, with all his wizardly wisdom of the financial markets, has never been a fan of gold. His most famous quote on gold: “Gold gets dug out of the ground, and then we melt it down, dig another hole, bury it again and pay people to stand aroun…