Warren Buffet bought “Gold” for the first time. When Bitcoin?

[fillippone]

If you want to understand why Buffet decided to dump the industry the closest to the US Fiat shitcoin, while buying the industry closest to the real Store of Value, look at the following two graph:

	This graph should ring a few bells	What is this shit?

Well, I think it’ easy to recognise the first Graph on the left: it’s the SPX, the king, the biggest of all the indexes, the symbol for the US power.
On the other column instead there is the... SPX. Of course this time the unit of measure is different, and it is in the Gold value 

This is a smoking gun evidence on the fact the market is going up only because we shortened the meter used to measure it (the USD shitcoin), when it went nowhere when it was measured against the ultimate hard money: the gold.

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[Johnyz]

Buffet knows the shit  coming towards us is bigger than what we all think and $2k/ounce for gold is still cheap that's why he is buying now.

Finally he realized this thing and I’m sure he don’t want to miss out to earn big money by investing on Gold. The economy are failing and many countries are suffering because of the pandemic and because of their own government, but since Gold is everything this has been a safe haven for the stock investors. Warren must see a big picture for gold, the next news will come that he is now buying Bitcoin for the future technology.

[Yamifoud]

We might not able to see what Warren Buffet had foreseen to the market in the coming year/s. There is something a reason why He started to buy Gold than seeing the potentiality of Bitcoin. I don't think that he's done a deal with Bitcoin and rejected it for the whole life but he might able to consider the risk in the future. We can say that Warren is wrong talking about Bitcoin, about crypto, declining a chance to get involved but he might have a reason for this, we know neither.

Warren must see a big picture for gold, the next news will come that he is now buying Bitcoin for the future technology.

He is a businessman and it caught his attention. Gold is really a store of value, less volatile, unlike Bitcoin. But I believe that he's observing Bitcoin as well and could catch its interest soon.

[bayu7adi]

he already has 80 billion assets, and of course very overpowering when compared to the daily trading volume of bitcoin which ranges from 20 billion USD.

the gold standard is indeed more stable and better to be used as an asset in the amount of billions of dollars, if you buy bitcoin, of course you will experience depression if you have to always check the price of BTC, while gold, tends to rise even though it is small.

[MCobian]

Lots of people talk about Warren Buffett when deciding to buy Gold, even though it's not our business. I don't care
with Warren Buffett willing to buy Gold or not, even now Warren Buffett has no desire to buy Bitcoin, it doesn't matter
to me. Since Warren Buffett wants to use wealth for his own sake, we have no right to influence him.

[Kong Hey Pakboy]

Lots of people talk about Warren Buffett when deciding to buy Gold, even though it's not our business. I don't care
with Warren Buffett willing to buy Gold or not, even now Warren Buffett has no desire to buy Bitcoin, it doesn't matter
to me. Since Warren Buffett wants to use wealth for his own sake, we have no right to influence him.

Indeed. Warren Buffet doesn't have any interest or desire buying Bitcoin, since the day people have invited and encourage him to try buying bitcoin because he thinks bitcoin is not suitable for long-term investment due to its volatility that it is very unpredictable. Unlike Gold, the value of it is much stable and better as a haven asset.

[Vishnu.Reang]

he already has 80 billion assets, and of course very overpowering when compared to the daily trading volume of bitcoin which ranges from 20 billion USD.

the gold standard is indeed more stable and better to be used as an asset in the amount of billions of dollars, if you buy bitcoin, of course you will experience depression if you have to always check the price of BTC, while gold, tends to rise even though it is small.

He is almost 90 years old and he may not be open to much experimenting now. The fact that he is turning to the most stable asset in the history of mankind proves that he is done with his investments. At this point, it will be idiotic to expect Buffet to invest in a stable and unregulated asset such as Bitcoin, or for that matter any other cryptocurrency.

[Lucius]

Some people obviously don't understand Bitcoin, some have a hard time understanding gold - but at least they could read the title or the OP and avoid to write nonsense that WB bought physical gold which is completely untrue. He bought a single share in Barrick Gold worth $565 million, which is still a big difference for those who think that a man buys gold bars and puts them in a vault.

If WB miraculously invested in Bitcoin, then he would probably buy shares in a crypto company - that's his way of doing business, after all.

[fillippone]

Some people obviously don't understand Bitcoin, some have a hard time understanding gold - but at least they could read the title or the OP and avoid to write nonsense that WB bought physical gold which is completely untrue. He bought a single share in Barrick Gold worth $565 million, which is still a big difference for those who think that a man buys gold bars and puts them in a vault.

If WB miraculously invested in Bitcoin, then he would probably buy shares in a crypto company - that's his way of doing business, after all.

I thought I was clear enough in stating this, but apparently not everyone carded to read the whole post, or the following pages.
For this exact reasons I added a few graph of the OP, the one detailing the performance of SPX in gold terms, that is a clear explanation of the underlying reason why he decided to invest in "gold" (and the exact reason why I decided to invest in bitcoin, but that's another story).