>>61215443
Nigger

>>61216583
Is that what peter schiff tells you to say when someone says the truth?

>>61215443
You're not properly taking risk into consideration, the pile of rocks made less gains over time but it did that without risk of business failure or debt default

>>61215443
>Why would i hold what warren buffet calls an unproductive asset for 30 years before breaking even?
>No wonder why the younger generation doesn't respect boomers.
"Last year we purchased 111.2 million ounces of silver. I thought it was an attractive commodity because of the imbalance between supply and demand.”
Berkshire Hathaway 1998 Annual Report, page 13 ( https://www.berkshirehathaway.com/letters/1998.html )
He exited a few years later, under what analysts described as "market and regulatory pressure".
U.S. Treasury and CFTC began inquiries into who was driving silver prices and the bullion banks that cleared Berkshire’s positions (notably J.P. Morgan and Goldman) pressured Buffett to reduce exposure, since a sustained rise in silver threatened industrial hedges and dollar confidence.

Also buffet isn't a gold bug, he’s a capital allocator within the fiat system.
His entire philosophy depends on:
- cheap credit,
- steady inflation
- and productive corporate assets priced in fiat.

Gold and silver, on the other hand, sit outside that system.
When too many players move capital into hard assets, leverage unwinds, and the whole equity-bond dynamic (which Buffett’s empire relies on) becomes extremely unstable.