Posted by KH »
Add Comment »Warren Buffet has recently published his annual letter to his Berkshire Hathaway‘s shareholders.
^ Buffer thinks Gold is for the fearful; Maloney says otherwise.
In his letter, he wrote his comment about Gold, which he refers as a short term “bandwagon” for fearful investors. Maloney however, on the other hand critised Buffet’s ways of comparing gold as an investment.
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Posted by KH »
Add Comment »The first thing you need to know about gold to silver ratio is 1 unit of gold buys 44 unit of silver today.
^ Ratio of Gold:Silver on 17th August 2011
Definition:
“A ratio (X:1), demonstrating how many ounces of silver (X) it takes to purchase one ounce of gold – the fixed variable. Investors use the fluctuating ratio to evaluate the relative value of silver, which determines if it’s an optimal time to purchase gold or silver. It also helps investors diversify their precious-metal holdings.” – investopedia.com
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