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Some of the naysayers out there, besides being totally ignorant of gold coin prices, often point to one of about five big-name investors who have publicly bashed gold.

March 8, 2012 – Some of the naysayers out there, besides being totally ignorant of gold coin prices, often point to one of about five big-name investors who have publicly bashed gold. While a couple of these investors have already had their bubbles burst after losing serious money selling their gold or incorrectly calling a downturn, Warren Buffet currently seems to stand alone as the biggest and least tainted basher of gold.

Warren Buffet may indeed be a brilliant financial investor and warrant the title “Oracle of Omaha,” but he has clearly been wrong about gold. He has called gold investors “speculators” and he has said gold investors “fear almost all other assets.” In my estimation, gold buyers and gold investors don’t fear almost all other assets, they just know gold is better than almost all other assets.

But let’s consider Mr. Buffet has a great market following and is highly revered in some circles. You can’t ignore that he missed the biggest stock of the decade, Apple Computers. Further, gold has outperformed Berkshire Hathaway, Buffet’s own company, by a figure conservatively greater than 600 percent.

Lately, Buffet has softened his stance, stating such things as people are “right to be fearful of paper money,” in his letters to his client, but he fails to make the connection to gold coin prices. As confidence in the US dollar dies an agonizing death, confidence in gold as a fundamental currency has gained more and more ground. Mr. Buffet apparently fails to see the correlation, preferring shares of his own company even when gold offers a better opportunity.

Warren Buffet may be a financial luminary of our times, but he doesn’t have the edge when it comes to gold. He should’ve been in the game ten years ago, and it is perhaps this major miss that prompts him to lash out at gold before his shareholders ask the question. “Mr. Buffet, why did you miss gold?” Since the Crunch of 2007, Berkshire Hathaway Stock has pretty much flat lined at 10 percent. Gold is up 156 percent, according to Google Finance. You can ignore a question, but you can’t ignore the performance of gold coin prices in this market.

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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