Posted on 11 January 2013. Tags: Inflation Hedges, Precious Metals, Warren Buffet
In a 2011 interview, esteemed investor Warren Buffett criticized gold for being a useless metal: “all the above ground gold would make a cube that is 67 ft tall and worth $7 trillion dollars. For $7 trillion dollars…you could have all the farmland in the United States, you could have about seven Exxon-Mobil, and you […]
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Posted in Gold and Silver
Posted on 24 December 2012. Tags: Inflation Hedges, Junk Silver, Silver Investing
The price of retail gasoline in Canada in the early 1950’s was approximately a dime per liter, and the average price of silver in the early 1950 was $US 0.83 cents/oz. (USD=CDN most of the 50’s). Today, if we could hold that very same 1950 silver dime which contained .06 oz of pure silver, at today’s silver price […]
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Posted in Gold and Silver