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

[carlfebz2]

I am not surprised that Warren Buffett finally bought Gold, because the stock market decline that occurred made Warren Buffett take it
the right step by buying Gold. But when it comes to Bitcoin I'm sure Warren Buffett won't buy it anytime soon, although the price of
Bitcoin is trending up like Gold. But still Bitcoin is difficult to predict and can suddenly drop in price, therefore Warren Buffett
still considers Bitcoin like gambling.

We cant say that it is a right call since we dont know on whats the actual thing that he had on mind when considering on buying gold on this time rather than on bitcoin

but we can make presumptions basing of between the two assets and as an traditional investor which is heavily considering always on traditional investments then its no surprise

that he would stick into this precious metal.We cant say that he havent recognized bitcoin but we are sure that it wont really be an option for him but who knows?

[1714852218]

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[crwth]

After reading the article, it seems that he has withdrawn money from the market and put it into a more strong stock that is not going to be affected by the pandemic. Just like you said, Gold, in terms of investments from Warren Buffet, I do not think he will be investing in cryptocurrencies in any way.

If anybody Remembers, Justin Sun, had the dinner with Warren Buffet and tried to convince him on to crypto, he said this. Look at the quote on this article below

When Justin and four friends came, they behaved perfectly and we had a very friendly 3½-hour dinner and the whole thing was a very friendly exchange of ideas," Buffett said. He added that neither he nor Sun changed their stance on bitcoin

So for Warren Buffet investing in crypto, I don't think it will never be in his interest anymore.

[Bezobraznike]

After reading the article, it seems that he has withdrawn money from the market and put it into a more strong stock that is not going to be affected by the pandemic. Just like you said, Gold, in terms of investments from Warren Buffet, I do not think he will be investing in cryptocurrencies in any way.

If anybody Remembers, Justin Sun, had the dinner with Warren Buffet and tried to convince him on to crypto, he said this. Look at the quote on this article below

When Justin and four friends came, they behaved perfectly and we had a very friendly 3½-hour dinner and the whole thing was a very friendly exchange of ideas," Buffett said. He added that neither he nor Sun changed their stance on bitcoin

So for Warren Buffet investing in crypto, I don't think it will never be in his interest anymore.

    Crwth you are right, we will not see Warren Buffet buying bitcoin, he is old man with conservative way of thinking
and apparently there's nothing that can change his mind. But in any case I think that his time passed, or it will pass
soon. Soon his successors will start making decisions and companies will either join new trend, crypto-currencies or
they will be left behind.

[Mauser]

    Crwth you are right, we will not see Warren Buffet buying bitcoin, he is old man with conservative way of thinking
and apparently there's nothing that can change his mind. But in any case I think that his time passed, or it will pass
soon. Soon his successors will start making decisions and companies will either join new trend, crypto-currencies or
they will be left behind.

I would assume that crypto currencies just don't qualifiy as "value" for Warren Buffet. His very strong value orientated investing style always looks for hard assets. That's probably why he went also for the mining company instead of buying physical gold outright. He will still be a shareholder and has asset behind the company, like offices, land rights, equipment.
Even though bitcoins are the future I believe Warren Buffet would classify as too risky, as their is no government behind it or other form of security. 

[glowing10]

    Crwth you are right, we will not see Warren Buffet buying bitcoin, he is old man with conservative way of thinking
and apparently there's nothing that can change his mind. But in any case I think that his time passed, or it will pass
soon. Soon his successors will start making decisions and companies will either join new trend, crypto-currencies or
they will be left behind.

I would assume that crypto currencies just don't qualifiy as "value" for Warren Buffet. His very strong value orientated investing style always looks for hard assets. That's probably why he went also for the mining company instead of buying physical gold outright. He will still be a shareholder and has asset behind the company, like offices, land rights, equipment.
Even though bitcoins are the future I believe Warren Buffet would classify as too risky, as their is no government behind it or other form of security. 

Anything that is backed by any strong fundamentals or has any physical existence is the one Warren Buffet looks for and this is the reason might be he is not looking for now bitcoin. He is missing this opportunity to buy it and create some portfolio separately for crypto just to test it.

[gbrendeh]

He might be investing in Bitcoin privately and not make it public. The mass adoption is begun to happen to all digital assets.

[carlisle1]

He might be investing in Bitcoin privately and not make it public. The mass adoption is begun to happen to all digital assets.

Yups Just like in Gold as i don't believe that it is really His first time buying Gold since all people in the world either want to have gold or they already have,and also He may have Given some Gift for His  Lover r other friend thats why it is impossible that this is His first time having Gold

So much hate for the Gold before and now, he’s investing on it like nothing happened. Anyway, expect Gold to pump higher because of this and since many economies are really suffering right now Gold is the best option to earn and save more profits. I hope bitcoin is the next step for Warren though we don’t need him to get invested but at least he’s a popular stocks guy and it can make a good impression for bitcoin so let’s see.

maybe the man Is just hypocrite to accept reality.

Having a lot of money?there is always a possibilities that He is accumulating crypto secretly?

[hulla]

So much hate for the Gold before and now, he’s investing on it like nothing happened. Anyway, expect Gold to pump higher because of this and since many economies are really suffering right now Gold is the best option to earn and save more profits. I hope bitcoin is the next step for Warren though we don’t need him to get invested but at least he’s a popular stocks guy and it can make a good impression for bitcoin so let’s see.

maybe the man Is just hypocrite to accept reality.

Having a lot of money?there is always a possibilities that He is accumulating crypto secretly?

Buffet is one of the most respected business tycoon in the world and if there is a chance that he accumulated crypto secretly it will after his dining with Justin Sun cause he was giving his first bitcoin by him and with the price sense of bitcoin when the pandemic issue was high Buffet may have give in to crypto secretly.
About his Gold investment this wont be his first time.

[ampu]

Buffett gets rich and he believes in what he has learned. The truth is he is old and I think he changed his opinion. Also in 2019, he was fooled $ 340 million into the clean energy company DC Solar of the couple Jeff and Paulette Carpoff in California (USA). He let Elon Musk pass and dropped quickly. Buffett has sold out all of his aviation shares. Previously he thought gold was not something worth investing in, but now he's changed. Maybe in a few years he will buy bitcoin.

[el kaka22]

His life will not be enough to see bitcoin actually become something huge. Dude is 89 years old, even on the best of terms I can see him go for maybe 10 more years which I really doubt but even if he does that in 10 years bitcoin will not be something super standard and adopted, it will be bigger than what we have right now but it will not be so common that everyone will be using it everywhere, hence I believe that warren doesn't have enough life left in him to see bitcoin soar.

Bitcoin becoming a standard everywhere and the world becoming a lot more online (which is happening right now) instead of actually going out to spend, it will be a lot more than 10 years, it will probably be 20-30 years before that happens. Remember 2010, it wasn't that long ago and we didn't really have too much life changes since that moment, but check 1990 or 2000 and you can see how much we changed, so in 10 years life doesn't change drastically but when you go back 20-30 years it does actually change a lot.

[abhiseshakana]

Buffet is one of the most respected business tycoon in the world and if there is a chance that he accumulated crypto secretly it will after his dining with Justin Sun cause he was giving his first bitcoin by him and with the price sense of bitcoin when the pandemic issue was high Buffet may have give in to crypto secretly.
About his Gold investment this wont be his first time.

Warren Buffet represents "the real money owner". Buffett's change in investment strategy is hard code that some people don't understand about the strategy used by America and the makers of the international economic system for balancing the dollar amount printed, with the project or collaterals so that there is no more subprime mortgage-type case. America realizes that printing money, especially for direct cash assistance to overcome the pandemic, is a step towards a decrease in the value of the dollar and inflation, therefore the price of gold rises.

In order to reduce the disparity in the printing of money and avoid the potential for depression, the method taken by the owners of the system was to increase their gold reserves and increase the price of gold. As a price maker, it is certainly easy for America to pump up the price of gold so that in the end the ratio of gold owned by America is not unequal with the printed dollars.

[jrrsparkles]

Buffett gets rich and he believes in what he has learned. The truth is he is old and I think he changed his opinion. Also in 2019, he was fooled $ 340 million into the clean energy company DC Solar of the couple Jeff and Paulette Carpoff in California (USA). He let Elon Musk pass and dropped quickly. Buffett has sold out all of his aviation shares. Previously he thought gold was not something worth investing in, but now he's changed. Maybe in a few years he will buy bitcoin.

Changing strategies according to the condition is really important for an investors to make profits and that is what actually he is doing, he knows that aviation companies are going to be in huge crisis for few more years so he switches to something better which is gold at the moment.Probably there will not be enough time for him to invest on the bitcoin due to age factor but if someone follows his strategy will do that in future when bitcoin is about to make a huge change.

[Renampun]

Buffet is a veteran investor who is notoriously idealistic, I believe that until Buffett dies, he will not invest in Bitcoin.

Buffet is too old for crypto. If he want to just buy gold and not invest in btc then it his own right

there is no young or old in crypto investing...
Since the beginning Buffet did not really like cryptocurrencies, especially Bitcoin, Buffett has made several statements insulting Bitcoin;

Buffet said, Bitcoin doesn't do anything, it's just like a clam or something. For me, it's not an investment, it's just a gambling tool.

[bearexin]

People only likes to invest in things they know about and understand fully. I don’t think anyone, even you, that knows what they are doing will be investing his or her money in something that they don’t know about, and the way I see it Warren Buffet doesn’t know much about cryptocurrency, and that’s based on some facts I have seen before. He doesn’t know much about Bitcoin, he doesn’t understand it, so he chose to invest in something that he believes in and we should let him be.

I still believe that as time goes on, most of these big investors that don’t like Bitcoin will come to understand it very well and then start to invest in it. They all have their advisors I believe, and maybe one day it will be something they will be discussing.

[slapper]

Gold mining is a bit of a secure investment imo...

And you're not just investing in the gold, you're investing in the infrastructure which can be sold on if necessary or leased. Even if the price of gold falls, margins are still probably the same.

He probably won't be alive at a point where he'd choose to invest in bitcoin mining, and he probably already holds bitcoin(?) What stopped him holding $1 million worth and just keeping it parked? Berkshire aren't going to buy bitcoin anytime soon - in any meaningful amount I doubt bitcoin could absorb it.

This does actually mean though that Warren buffet has turned away from real estate and to gold - does he think new York Real Estate won't be growing for a while? Is he worried of another banking crisis? Most people say house prices should fall between 6 months and a year - perhaps this is his bet on that...

There is an article pointing out that gold mining is not really profitable as people usually think. Most of the mine is out of stocks and those gold companies consider that finding a new mine will cost them huge money for new infrastructures and facilities. Well, although Warren Buffet is a legend in investing, I doubt that he can make a clear decision when he is getting older years by years. However, we can't deny his impacts on the economy since every investment he makes can easily cause a big FOMO in the investing world.

[smyslov]

Not really a good decision coming  from one of the so called best investor of our generation, gold is not for me the best assets or commodity to buy today when there are a lot of Fintech and start up and promising assets like Crypto, but we all know Buffet he doesn't profit anymore at his old age even though people are shouting Crypto is the next big thing.

[fillippone]

Buffet is one of the most respected business tycoon in the world and if there is a chance that he accumulated crypto secretly it will after his dining with Justin Sun cause he was giving his first bitcoin by him and with the price sense of bitcoin when the pandemic issue was high Buffet may have give in to crypto secretly.
About his Gold investment this wont be his first time.

Warren Buffet represents "the real money owner". Buffett's change in investment strategy is hard code that some people don't understand about the strategy used by America and the makers of the international economic system for balancing the dollar amount printed, with the project or collaterals so that there is no more subprime mortgage-type case. America realizes that printing money, especially for direct cash assistance to overcome the pandemic, is a step towards a decrease in the value of the dollar and inflation, therefore the price of gold rises.

In order to reduce the disparity in the printing of money and avoid the potential for depression, the method taken by the owners of the system was to increase their gold reserves and increase the price of gold. As a price maker, it is certainly easy for America to pump up the price of gold so that in the end the ratio of gold owned by America is not unequal with the printed dollars.

Mhh not too sure I fully got the sens of your message. But for sure there is something I don't agree with.
Buffet Strategy is clearly an example of someone that fully understands what it is going on.
US are printing money like crazy. Every money aggregate M1, M2 and so on is on parabolic growth, as it is FED balance sheet.

	M1 looks even more aggressive	They tried to taper, but massively failed

This money printing is not backed by anything.
US are not buying Gold reserves, China and Russia are, not the US.

	I do hope you are not colour blind

So for sure the dollar is losing value. Look at the stock market, but also at the bond market or the real estate prices: it is not an asset bubble, it's the dollar losing value. We are measuring the same thing (a br of gold) with a shorter and shorter meter, so the measurement (the price) is going up.

US are doing so because, even if the dollar is losing value, other currencies are losing value faster, so they can print all those dollars without having too much inflation (they are actually exporting inflation).

But someone realised this play cannot go on forever and are shorting financials (the industry closer to the money losing value) and buying mining (the industry closest to the hard money: gold).

[Shasha80]

I am a person who admires the figure of Warren Buffett, even though he is a Bitcoin hater. Because I'm not a typical person who likes to force
my will, we must not blame or hate Warren Buffett for not investing in Bitcoin. Let him decide the best for him, and if in the end Warren Buffett
buys Gold for the first time, congratulations to him. Maybe he just really understood and believed in Gold, so he decided to buy Gold. It's the
same with Bitcoin, if he has really understand about Bitcoin. Definitely going to buy Bitcoin, because it is only natural that people will invest
that he or she really knows.

[Xembin]

You have probably heard the news.
Warren Buffet bought gold, or rather something very similar to gold, for the first time in his history.

Yes, I heard him.He was not try to announce he is investing on BTC.
Probably he is investing on BTC that would make some persons have interest too resulting to pump also want to accumulate.

[mindrust]

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.