I was very surprised to read about Berkshire Hathaway’s share price going nowhere in gold terms. So, I looked up the prices of BRK-A and gold on 01 Feb 1999 and 01 Feb 2023, and did the sums.
In 1999 one share of BRK-A would have cost you 247 oz. of gold, and now, 24 years later, and having received zero dividends, you would get back about 236 oz. of gold if you sold your share...
Warren Buffet is more of a story than a reality. His “never bet against America” in economic terms philosophy is very patriotic to say the least, but even Mike Tyson got knocked out with an upper cut. I would never bet against us in “military terms” because when that becomes an issue, I will personally be on the front lines defending our beautiful land. 😃
The ONLY smart investment Buffet has ever made is buying Coca Cola stock. Other than that, he goes around peddling the idea of purchasing good solid long term companies with 20 years of track record, or “Will they still be around in xyz number of years?” Hogwash concept. He buys them up, then ends up selling them too early. 5,10,15 years later (selling them too early) exactly like he did with the airline and banking industry stocks he dumped. 😂 What a schmuck! Is he nice guy? Absolutely, filthy rich? You better believe it! Honest, uh not too sure about that, 😂.
Anyway, nothing wrong with immortalizing him as one of the greatest investors of all time, whatever that means! 😹
The general geographic location of Bill's ranch is rich in lithium. Many other precious minerals and rare earth elements may be present. Bill may be sitting on a bonanza!
It appears that Argentina has two currencies: the Peso that rapidly loses value because its government prints them galore, and the dollar which, despite losing purchasing power in the US, serves as a stable store of value in Argentina
Makes me wonder if what works in Argentina will work in the US. But instead of using a foreign currency, perhaps the US Treasury could create one by issuing, for example, one Goldback for every 10,000 Greenbacks. If they did, it would make officially available to all Americans the advice Bill, Joel, Dan and Tom have long been expounding
Bill, good to see you're back in Argentina - that's where your most interesting letters come from. Although the letter from Ireland telling about your encounter with the flaming crow was quite entertaining. What's the situation with the Originarios?
Not sure how Mr. Dyson can say, an ounce of gold buys you the same number of Berkshire shares now as it did 23 years ago. Historical charts show one share of BH stock in early 1999 at about $68,000 a share and gold at $522 an ounce (130 oz of gold for one share). Today BH stock is about $467,000 and gold at $1833 an ounce (255 oz of gold for one share). A big discrepancy IMO, not to mention I don't know how many times BH stock has split during those 23 years. I await your reply.
Joel, ‘’mental defective’’ or not, the pleasure of excellent Argentine Baby Bife and copious Malbec is worth whatever pain may be entailed. I’m dealing with pain presently watching the CIC mental defective bloviate nonsense from DC. BA baby!
First Investment Newsletter “SERVICE” that I “really enjoy” over all others in my lifetime. These guys are writing about investing in real, tangible assets that appreciate over time.
Reader’s challenge them to “get in the game” all the time. Most miss the point of the advice.
Don’t forget “Investing is NOT a destination, it is a journey.
Face it folks.
THE GAME IS GAMED!
Real Estate, Farming/Wineries, Gold/Silver, Oil & Gas, etc.
Bill it might be time to take a page out of history, when Alexander could reach Tyre, he build a causeway. When Julius Caesar wanted to scout and put fear into the Germans he built a bridge crossed the Rhine and took it down on the way back.
It might be time to invest some capital or move the crops to the other side of the river.
What if I had listened to my father, instead of believing I was smarter? After my father's failed investment in 1964 in Scotch Whisky purchasing 4 barrels learned in 1974 the sales tax on the product in Scotland exceeded the tax levied on the same product sold in the USA. Transporting 4 barrels to USA exceeded the value of the product. He sold the whisky back to the distiller for pennies on the dollar .
Determined never to be cheated again in 1976 he purchased 200 ounces of South African Krugerrands at $127 each. In 1980 he traded 80 ounces for an apartment building (still owned by my mother and worth 1.1 million (on paper) today. The seller had mismanaged the property reducing it's income into the negative and needed some fast cash on his way out of town.
I was very surprised to read about Berkshire Hathaway’s share price going nowhere in gold terms. So, I looked up the prices of BRK-A and gold on 01 Feb 1999 and 01 Feb 2023, and did the sums.
In 1999 one share of BRK-A would have cost you 247 oz. of gold, and now, 24 years later, and having received zero dividends, you would get back about 236 oz. of gold if you sold your share...
Warren Buffet is more of a story than a reality. His “never bet against America” in economic terms philosophy is very patriotic to say the least, but even Mike Tyson got knocked out with an upper cut. I would never bet against us in “military terms” because when that becomes an issue, I will personally be on the front lines defending our beautiful land. 😃
The ONLY smart investment Buffet has ever made is buying Coca Cola stock. Other than that, he goes around peddling the idea of purchasing good solid long term companies with 20 years of track record, or “Will they still be around in xyz number of years?” Hogwash concept. He buys them up, then ends up selling them too early. 5,10,15 years later (selling them too early) exactly like he did with the airline and banking industry stocks he dumped. 😂 What a schmuck! Is he nice guy? Absolutely, filthy rich? You better believe it! Honest, uh not too sure about that, 😂.
Anyway, nothing wrong with immortalizing him as one of the greatest investors of all time, whatever that means! 😹
The general geographic location of Bill's ranch is rich in lithium. Many other precious minerals and rare earth elements may be present. Bill may be sitting on a bonanza!
SC
It appears that Argentina has two currencies: the Peso that rapidly loses value because its government prints them galore, and the dollar which, despite losing purchasing power in the US, serves as a stable store of value in Argentina
Makes me wonder if what works in Argentina will work in the US. But instead of using a foreign currency, perhaps the US Treasury could create one by issuing, for example, one Goldback for every 10,000 Greenbacks. If they did, it would make officially available to all Americans the advice Bill, Joel, Dan and Tom have long been expounding
Bill, good to see you're back in Argentina - that's where your most interesting letters come from. Although the letter from Ireland telling about your encounter with the flaming crow was quite entertaining. What's the situation with the Originarios?
Not sure how Mr. Dyson can say, an ounce of gold buys you the same number of Berkshire shares now as it did 23 years ago. Historical charts show one share of BH stock in early 1999 at about $68,000 a share and gold at $522 an ounce (130 oz of gold for one share). Today BH stock is about $467,000 and gold at $1833 an ounce (255 oz of gold for one share). A big discrepancy IMO, not to mention I don't know how many times BH stock has split during those 23 years. I await your reply.
Fantastic as always.
Joel, ‘’mental defective’’ or not, the pleasure of excellent Argentine Baby Bife and copious Malbec is worth whatever pain may be entailed. I’m dealing with pain presently watching the CIC mental defective bloviate nonsense from DC. BA baby!
First Investment Newsletter “SERVICE” that I “really enjoy” over all others in my lifetime. These guys are writing about investing in real, tangible assets that appreciate over time.
Reader’s challenge them to “get in the game” all the time. Most miss the point of the advice.
Don’t forget “Investing is NOT a destination, it is a journey.
Face it folks.
THE GAME IS GAMED!
Real Estate, Farming/Wineries, Gold/Silver, Oil & Gas, etc.
Those are part of Bills Excellent Adventure.
Party-on, dude!
Bill it might be time to take a page out of history, when Alexander could reach Tyre, he build a causeway. When Julius Caesar wanted to scout and put fear into the Germans he built a bridge crossed the Rhine and took it down on the way back.
It might be time to invest some capital or move the crops to the other side of the river.
What if I had listened to my father, instead of believing I was smarter? After my father's failed investment in 1964 in Scotch Whisky purchasing 4 barrels learned in 1974 the sales tax on the product in Scotland exceeded the tax levied on the same product sold in the USA. Transporting 4 barrels to USA exceeded the value of the product. He sold the whisky back to the distiller for pennies on the dollar .
Determined never to be cheated again in 1976 he purchased 200 ounces of South African Krugerrands at $127 each. In 1980 he traded 80 ounces for an apartment building (still owned by my mother and worth 1.1 million (on paper) today. The seller had mismanaged the property reducing it's income into the negative and needed some fast cash on his way out of town.
Question: How to make a small fortune buying a farm?
Answer: You ned to start with a big fortune.
Jokes aside The money is well spent as one will have invested in one's great pleasure as I have happily discovered
Now if we want to scratch our left ear with our right foot , we can also do this one .
August ( 15 ) 1971
Dow 800 ( around ) high 37.000 ( just not ) 46,26 folds 👏👏👏 ( did not count the dividend .
Gold 35 ( around ) high 2070 ... 59 folds 👏👏👏👏👏
Real estate can only talk Geneva and Australia
Trust me around 45 folds. It counting the rent you could earn . 👏👏👏👏
Now I think we did all 👍😉