Warren Buffett - Best Hedge Against Inflation

[sabalo2011]

warren help we indians make some money , we r poor country.

[srushaggs]

Cut off the other part, about a belief put not in god.

[cstcy]

Very wise advice!

[vwazp]

we are so lucky to live in the time of the greatest investor ever!

[SacredSocietyAP]

The best hedge against inflation is for your last name to be Buffet.

[pokerfacetodd]

Gold has a fear factor increase. That means the price may be artificially high due to unreasonable fear of the future. When the fear is relieved the price will again plumet. Search the historic price of gold and see it was very cheap just a few years ago. If the economy comes back to the Bush tax-cut years, when there was no threat of tax increases, we will see gold crash. Gold is a commodity that is subject to market forces, supply and demand. When the demand drops, prices fall very fast.

[bpolley0]

@pokerfacetodd

ahh a sophmore in economics? Keep going. You will get to Monetary Policy.

[pokerfacetodd]

Buy cheap houses in good condition. Rent should cover the low cost, taxes, insurance and mantainance. Rent will increase with inflation. Eventually the entire priciple can be cashed out. realestate is at an all-time low, gold at an all-time high. I believe one should buy low and sell high.

[rbw19800]

"The best investment against inflation is to improve your own earning power, your own talents.... They can't take it away from you.. If you become more useful in your own professions.. That is the best protection..."

Here you guys are whining about banksters and all these EVIL people who are "taking everything away from you..." Basically he's saying get off your ass and do something for YOURSELF!

[BMWg84]

swine

[blazefury2010]

The best hedge against inflation is Gold.

[82snowball]

@blazefury2010 Why is that the best, Gold fluctuates in value just as any other asset. Offcourse over time it rises in value against cash as cash is devalued. But so do all real assets, and other assets also produce income.

So I believe other real assets, such as realestate, good businesses, farm land and mining assets provide a better hedge simply because they also generate income.

Offcourse any asset will be a bad investment if you pay tomuch and gold is at record highs

[blazefury2010]

@82snowball Gold has proven to keep pace with inflation over time better than anything else. Especially during times of currency collapse. Gold is at record NOMINAL highs right now because our current fiat systems are collapsing.

[rbw19800]

@blazefury2010 Gold can be stolen, lost, or confiscated (by the gubberment[sic]) as during The Great Depression.

What good will an ounce of gold do you if the Dollar drops to nothing? What if you're somewhere remote and break your leg? That ounce of gold in your pocket won't fix you up.. Learn some basic medical skills. What will that ounce of gold do in time of famine? Learn some farming skills.. It's what he's saying..

[blazefury2010]

@rbw19800 Your line of thinking is the same thing that has caused millions of others to lose all their savings during currency collapse. Do some research on what happened with gold and silver during inflation and hyperinflation throughout history. We are seeing history repeat itself again during the last decade with gold prices and currency debasement. Gold always keeps up with inflation over time. We aren't discussing medical skills here, we're talking about hedging against inflation.

[rbw19800]

@blazefury2010 I get that. I'm not saying do not own gold or silver. In fact, I have several pounds of junk silver coins and some bullion rounds. BUT that is not all. I think it's best of learn survival skills and any self improvement techniques. Warren Buffett said in a different interview that he too the Dale Carnage course, paid $100 for it and was worth a college degree. :) In short, would you have know how to survive during disaster or have a few ounces of gold?

[JP5466]

This man is a fraud. He's in with the banksters and fully supports them