How To Beat The Greatest Investors: Warren Buffett and Charlie Munger

Chris Duane weighs in on Warren Buffett and Charlie Munger’s ostracization of gold.
Perhaps people should be paying a million dollars to have lunch with a lump of gold instead of this has-been.’

Comments

  1. Bunger Muffet to the world.  ‘I’m filthy stinking rich.  F all you people, F your gold, no civilized person would own gold’  

     World to Bunger.  F off you alzheimer poster child.   nuff sed.

     

  2. Gold is the Elite’s currency and silver is an indispensable commodity.

    Great vid

  3. lol You’ve got to give it to the Silver Shield, he takes no prisoners…

  4. “Up the ass, yes!!!!!”
  5. all of us would be as rich as they are

    IF

    we could do insider trading

    like they do

    for us it is a crime

    for them

    they get a pass

    lampost time

  6. WARREN BUFFET”S CHANG PURSE

  7. OOOOOOOOO

    a thought has o—coured to me

    ole warren & charlie

    are #$%ked

    know why?

    it is simple

    the gold & silver market are too small for them

    there is no way they can invest in either

    because if they did – a stampede would happen

    & THE PRICE

    would go to

    da MOON

    & lotsof little folks would make a killen

    see

    they are pissed

    so they bad mouth gold & silver

    how far off do ya think i am ??????????????????????????????

  8. you guys have it ALL wrong.  If you’re not sewing it in your clothes, you’ve got it wrong.  It’s nothing more than a barbaaric relic that banks buy because it’s tradition, nothing more.

     

    Really.

     

    We promise.

  9. Buffett can EAT SHIT AND DIE!

  10. wow tough crowd

    no soup for you

  11. As I said in another post Chris Duane says it like it is and dosen’t hold anything back and has all the facts to back it up. I love the man, Honest I do. Great job Chris

    P.S. I’m not wasting my time on the other two.

  12. I enjoy Duane’s videos. I highly recomend everyone to go through The Son’s of Liberty Acadamy. Duane never ask for one cent to go through the courses. I think you will feel compelled to donate as I did after listening to the truth . He is a straight shooter . I wish I had been awakened earlier to what is going on as I would have been aquiring at cheaper prices.

  13. Hey Doc, I just got my Silver Crest round today….it’s a beauty, and a wonderful perk to my weekend!

    I can’t thank you enough for all that you do, and hope you continue to do them for all of us.  Thanks for your generosity, and I suggest that you put up the contact emails for each sponsor who donates the rounds for the contests.  Thanks for including it on the form that was sent with it.  Have a great Sabbath.
    -Cleburne61
  14. Great vid.. Buffet is a dumb old fuck who holds no real weight.. fuck him and Greenspan.. There credibility is lost.. Chris Duane is a fucking genius!!!

  15. Visit SilverDoctors website everyday and invest in silver and gold and you won’t go wrong…Got my SilverCrest round today and it’s a beauty…can’t thank you guys enough for all you do…telling everyone I know about your site…keep up the great work!

  16. Well looky looky it’s the corrupt thieving duo…. On todays episode of  “we don’t care about you poor barbarians” we will be making fun of those who don’t give us there money… We steal fair and square so if your gonna hide your fiat in gold and silver so we can’t get it we are gonna call you names and cry foul… We are even gonna sway the government to force you to sell it so we can steal your fiat… Fair and square… Cause thats what we do…  tune in next week for another episode of  “We don’t care about you poor barbarians” when we discuss how we tap into your email and phones…

  17. As the story goes, Buffet bought 130,000,000 oz of silver in about 2001, on the cheap at about $4 an ounce.  He was a true silver believer. He talked the same lingo as us stackers and for the same reason.   Silver was cheap then.  Buffet did his homework.  He saw a metal that was in great and increasing demand, out of favor and could be bought inexpensively.  WB is a long term investor so he thought keeping it a decade of so would prove to be a good idea.  Too bad he was forced out his ownership. He would have had a 10 bagger by 2011.

     He avoided the problems of leverage that got the Hunts in trouble.  One senior silver expert said he decided to lease out the silver to make some extra money since silver does not generate income. His stack was called and he lost the entire amount. His stack was used to start SLV. 

     The other story was that he failed to take into account the other problem with silver, the government, FIAT money and the danger silver poses to the present currency paradigm.  Even Buffet was not immune to this force.  When AIG went south, making WB’s  exposure to the derivative and insurance risks increase exponentially (for someone who said derivatives were financial WMDs)  he was told that  the government would  bail out AIG on one condition.  WB had to sell his silver, then worth about $8 an ounce   Not a bad investment;  100% gain.   WB supposedly found out who lurked behind the curtain and this struck the fear of God into him.  All that Oracle of Omaha delusional BS was nothing but ego. The real PTB made a believer of this codger. Now he’s nothing more than a marginalized sock puppet for the overlords behind Obama and his crew.  As for Berkshire Hathaway, it’s done absolutely dick for 10 years.  As the story goes.

    Munger?  I think he is the true evil one in this duo. His words clearly show his racist anti semetic side.   WB is just the front man, enjoying all the fame,   while Munger and the group that we might call the NWO, Illuminati etc. call the shots.  That’s why Munger stays behind the scenes . WB is just the carney barker for this gang.  IMO  I just stomp down on the head of a Gekko. 

  18. I believe it AG… About WB being the puppet of the dog and pony show they got going on… Just think how quick they be out of business if munger was the front man and doing the talking all the time… Either way I think they are gonna get a lot of mainstream back lash from mungers interview… This could be a good thing…

  19. What Mr duane doesn’t seem to realize is that the very same right that will allow Mr Duane, The Doc, Jim Sinclair, and the rest of the PM gurus we hold in such high regard to remain a free men is the very same as the one that currently protects Mr Munger and Warren Buffet.

    For someone who espouses freedom and liberty, Mr duane has missed the point.

    If Mr Duane doesn’t spend a bit less time trying to pump up the price of silver and  recognize this fundemental gap in his logic he will eventually have 2 choices

    Lock and Load….or learn to sew.

    WAKE UP!!  THINK BEYOND YOUR OWN LITTLE MIND!!

     

  20.  

    Alright, now I’m pissed off. I don’t give a f!@k what you all think of me and I could care less about electronic coins for affirmation.

    I want the rest of you to stop for a moment and THINK!

    While I mean no offense to mr Duane in my previous post, or any of my fellow stackers in this post.  I find it amazing and extremely short sighted that Mr Duane who bleats out so many obviously well rehearsed opinions and knowledge and yes the rest of you who are supposed to be the knowledgable few that are supposed to be enlightened and aside from the herd of sheeple, that you would deny someone who doesn’t neccessarily agree with you the right to the single most important right that you still have……free speech.  Without this, NOTHING is safe.

    OK…I feel better now. You have the floor :-)

     

  21. Crazy Canuck,

    Your thoughts above are vage, I see no denial of rights coming from Mr. Duane. If your leaning in a direction of freedom of speech there is none of that ether.
    Please explain clearly?
  22. Crazy Canuck We’re using our ‘freedom of speech’ to speak up against the likes of Mr Munger, freedom of speech is not about agreeing with all others have to say. Did we take the mike away when Mr Munger and the likes wanted to speak? No, so what is the problem exactly? Kindly explain to this simpleton so that he can also get the purpose of the above rants where you clearly have chosen to hold the dicks of Mr Munger and Mr Buffett while doing so. Based on what I got from your posts so far, you’re either a troll appointed by government or really crazy as your avatar suggests. There you have it… how is that for freedom of speech???

  23. 427

    Sorry, I’ve tried to be as direct and articulate as possible. If you still don’t get it, You likely never will. I give up.

    Silver Bullion

    I don’t begrudge anyone for exercising their right to free speech. Your freedom depends on it.

    What disappoints me and compels me to emplore my fellow stackers to see all sides of an issue before sharing opinions is the “You’re either with us or against us” attitude that is pervasive among PM stackers.

    It’s obvious YOU didn’t pull a mic away from anyone, you weren’t there during his speech. ???

    Am I a Troll….Fuck No!  Anybody who knows me from this site and the old SD site knows that.

     Am I slightly Crazy….maybe.

    As for holding dicks.  Nope……..well maybe just my own when I pee.

     

    Alright I’m done…..your turn

     

     

     

     

     

  24. While I’m at it I should apologise to the DOC for inciting a kindergarten debate.   Although I do enjoy a good debate.

    Even when I’m outnumbered :-)

     

  25. Well, early in the morning and I’m back to the real world (unfortunately). Hey Canuck. To a point I agree with you. Like your opinions and sometimes I agree and sometimes I don’t. Let Munger, Buffett, Bernanke or whomever talk and speak all they want Freedom of Speech). For me, this will help keep the price down a little while longer. Unfortunately for them and me, that freedom of speech, while still available to us, is quickly being dissolved and will soon be gone.

     

    I’ll keep on stacking regardless of what people think or say. You make agood point about Chris but he makes a good point about the government hackers too. Hats off to both of you.

     

     

  26. 2OZ

    Good to see ya! late a night here.

    How was the anniversary?

     

  27. Tops Crazy!!!!!! I’ve got a mean woman and a good one. LOL. She is so mean, she made me go to a bluegrass festival, made me drink beer and made me eat that ‘ole nasty pulled pork BBQ. Then, she…. well I ain’t a tellin’ ya nutin’ else. LOL. Really, a great woman and a great anniversary. Thanks for asking. You’re area late poster. As I’m an “early to rise person, I usually you posting until some wee hour of the morning. I’ve got a lot of catching up to do since my little vacation. seems I’ve fallen behind on the news.

  28. 2OZ

    Great to hear ya got a good one! lifes tuff aint it?

    Late poster? Yeh I’m on the champix pills to help me quit smokin and they totally give me insomnia.

    You haven’t missed much. Silver has been tradin sideways although it dropped below 30 the other day. Iran is still in one piece. The egyptians cut off the natural gas pipeline to isreal. Non farm jobs report says not as many jobs created as expected. No more QE for now….not by that name anyway. Fukushima still threatening all life as we know it.  Banker exodus is up to around 650. JPM bulkin up on silver in their vaults…or so they say. Charlie Munger pissing off the entire PM world  blah blah blah  There ya go… yer all caught up

     Doin my best to kick up as little shit as possible for the DOC to moderate. Failing miserably :-)

    Going to bed now before I make any more friends.

    welcome back

  29. Have a good night (day) Crazy. Thanks for the update. Stack and prepare (all of you SD readers). No stress. Live full, be happy and enjoy now and after the crash. Remember, mo matter the circumstaces, life is what you make it regardles of the material things you have. Oh yeah, Warren Buffet is just a throw-away-toy for the real big boys and Jimmy Buffet can live on sponge cake and be happy!

  30. I’m all for free speech and yes we have the right for now to use it as everyone on this forum has. My opinion is my opinion as anyone else has theirs but I don’t have to agree with theirs. My opinion comes from what I believe in my heart and soul and not be coerced by anyone around me like some people are, then lies come out and not opinions.

    I’m not going to defend anyone’s opinion only my own, I won’t force my opinion on anyone and I won’t criticize anyone’s opinion. And I sure as hell won’t critize anyone on any of the forums I visit.

    Phew! What a way to start a Sunday Moring, God Bless.

     

  31. 2Oz  you are having too much fun. Get a bigger burger for all that  pulled pork. 

     From what I can tell we have a much bigger problem than Bunger and Muffet.  Jakes back and getting coined like Crazy (Canuck)  The gauntler has been thrown. 

      My concern is not Chris Duane and his comments  Chris Duane has a voice and uses it. I didn’t listen to the whole video since I was stilled steamed about Munger’s prior comments.   Free speech is a cherished part our of heritage it  but does not mean that Munger’s comments about gold only being fit for Jews to sew into their clothes while they escape Germany won’t chap  my hide.  This comment and the one regarding civilized people not being interested in gold really got me going.  The uncivilized members of Germany, a very civilized country,  were the ones who crushed free speech, killing millions of people who just wanted to go about their business.    It’s staggering how a person could drag something like that back into the public discourse.  But there is one very important quality of free speech. It allows everyone to voice their opinion.  And that let’s us know who the loons are   To me, Munger is a card carrying member.  His investment philosophy does not concern me. His alliance with like minded haters and anti semites does concern me. 

    1. Crazy Canuck
      1
      Crazy Canuck May 6, 2012 at 1:30 AM

      What Mr duane doesn’t seem to realize is that the very same right that will allow Mr Duane, The Doc, Jim Sinclair, and the rest of the PM gurus we hold in such high regard to remain a free men is the very same as the one that currently protects Mr Munger and Warren Buffet.

      For someone who espouses freedom and liberty, Mr duane has missed the point.

      If Mr Duane doesn’t spend a bit less time trying to pump up the price of silver and  recognize this fundemental gap in his logic he will eventually have 2 choices

      Lock and Load….or learn to sew.

      WAKE UP!!  THINK BEYOND YOUR OWN LITTLE MIND!!

       

      Crazy Canuck
      1
      Crazy Canuck May 6, 2012 at 1:47 AM

       

      Alright, now I’m pissed off. I don’t give a f!@k what you all think of me and I could care less about electronic coins for affirmation.

      I want the rest of you to stop for a moment and THINK!

      While I mean no offense to mr Duane in my previous post, or any of my fellow stackers in this post.  I find it amazing and extremely short sighted that Mr Duane who bleats out so many obviously well rehearsed opinions and knowledge and yes the rest of you who are supposed to be the knowledgable few that are supposed to be enlightened and aside from the herd of sheeple, that you would deny someone who doesn’t neccessarily agree with you the right to the single most important right that you still have……free speech.  Without this, NOTHING is safe.

      OK…I feel better now. You have the floor :-)

       

      427
      1
      427 May 6, 2012 at 2:50 AMCrazy Canuck,
      Your thoughts above are vage, I see no denial of rights coming from Mr. Duane. If your leaning in a direction of freedom of speech there is none of that ether.
      Please explain clearly?
      Crazy Canuck May 6, 2012 at 4:06 AM

      427

      Sorry, I’ve tried to be as direct and articulate as possible. If you still don’t get it, You likely never will. I give up.

      Crazy Canuck, 

      You made a comment last night, I asked what you were referring to plain and simple. I like critical thinking and wanted to know yours. You were not direct & articulate, you were vage. Then I wake up to you in essence calling me stupid & ignorant  and incapable of understanding you thought.

      Again you were VAGE, all who have responded are referring to Free Speech wich I was the one that brought that up.

      Again you were VAGE, everybody responding hear must be stupid & ignorant and incapable of understanding your thought.

      WHY BECAUSE YOU WERE VAGE!!! And the fact that maybe your unable to justify your Rant

      Please explane what Freedom that Mr Duane denied Mr Munger & Mr Warren Buffet

  32. Crazy Canuck

    PS: I feel you should not be including all on this site to be of the same mind set. I said nothing negative towards Munger & Buffet in this post! Also I feel it’s not vary good to tell everybody that you feel there minds are little. That comes across as a (Better than atitude)
    There is allot of brainy mother f***ers on the site. Whom do not try to belittle other who ask questions. It’s a sit to share thought after all.
  33. Apparently I’m uncivilized, illiterate, and uneducated as I am to stupid to understand the high intelligence of the Canadian…. In my uneducated mind I thought we were voicing our anger towards the remarks of  a dismal arrogant 1 percenter … It hadn’t dawned on me that this was a discussion of the bill of rights or the constitution of the United States… Next time I will go to Monmouth college and have one of the professors explain to me why I and most others are upset Fluffets puppets statements…
    I’d also like to thank the Canadian for apologizing to himself on my and SB’s behalf for our uneducated selves not being able to comprehend the very simple messages being stated…. I will immediately have someone smart enough enroll me in the proper place of discussion for the future… Maybe I will meet the high standards of the kindergarten class since that is the one suggested by such an advanced human mind…

    As for the rest of you fellow uncivilized Stackers I’m going to the range to exercise my right to bare arms and freedom of speech… Hell I’m even gonna blow some shit up while talkin shit!! 

  34. Danno you sure have a way with words and humor. I would hate to see your talent in blowing shit up. Don’t go to collage they will brain wash you into a cool-aid drinking 1%’er. Besides it’s good for us little minds to get together and share. After all little minds have growth potential. ha ha ha 

  35. AGX,

    A bigger burger is on the way. I’ve got to catch up in the garden today and do a few other things, but I’ll pick up steam. 
  36. P.S. Looking at the board, I have a long way to go to catch up. So many great comments is going to make it tough. I’m glad to see the more people posting too.

  37. I was out on a family day, the reason for my silence, and I didn’t want to add oil to the fire, because nothing good would come from it. I share the sentiment and/or opinions of Marchas45, AG and Danno above. This being said, I’ve no hard feelings towards Crazy Canuck. Life is simply too short for grudges and shit. I try to live in peace with all men.

  38. DAYUM I needed that!!! WooooHoooo!!!! Not much better than 1,000 HE rounds down range in the afternoon!!! YEAH MAN!!! BARBARIANS R US!!!! Hahahaha………. Time to clean, prep, and reload….

  39. One thing still needs to be said here.  Buffet and Munger are STOCK guys.  Stock guys invest in and believe in stocks and nothing else.  Why?  Because they KNOW the stock game and can do very well at it.  Buffet was a self-made billionaire LONG before all the crony capitalism BS, bail-outs, market manipulation, etc. ad nauseum.  Sure, he benefited from TARP and all that other nonsense but he was still a billionaire long before that came along.  Anyway, stock guys know that money that is taken from a stock account and invested in PMs rarely, if ever, returns to a stock account where they can profit from it… and THAT is why Munger and Buffet and all other stock guys hate PMs; always have and always will.  The irony here is that Buffet’s father was a gentleman named Howard Buffet who was a US congressman.  He wrote one of the best essays ever on why a gold standard was required for liberty to flourish. Look it up sometime.  It is terrific and just as applicable and important today as it was 70+ years ago.  I am sure that Howard is massively disappointed in his son over this.

  40. 427

    My Bad. That last post of mine was kinda VAGUE.

    Never called ya stupid or ignorant. Clearly you’re not.

    I aint no PHd but, I’ve been accused in the past of being a deep thinker and I often try to get other people to see beyond the immediate issue and grasp my vision of a bigger picture. Unfortunately I usually end up swimming alone :-)

    The source of my rant comes from two places

    1) I’m on the champix because I’m trying to quit smoking, which gives me insomnia and makes me a bit mental :-) and

     2) My wifes grandfather escaped WWII fascism in Europe by the skin of his teeth. I was fortunate enough to read his memoirs. Many of his stories  referred to , not to the outward denial of free speech, but the “fear of speaking freely” and the potential life and death ramifications of  a friend, collegue or neighbour misunderstanding an innocent comment or wrongly worded statement he might make.  Then, the other day when I read some of the visceral responses to what I believed to be a stupid but relatively benign statement by Mr Munger, on this and a few other PM sites, it reminded me of his stories and and how it relates to the slow but steady creep of fascism into an otherwise civilized society. 

    As for Chris Duane. We all know he’s all in, in a big way.  I don’t know him personally but he sounds like he’s done alot of research to justify his choice of wealth preservation. I’ve heard much of what he has to say but I find his tone and delivery  to be a bit robotic and repetitive. He’s obviously not afraid to speak freely. I wonder if he realizes he would be near the top of the list of people to be silenced if the govt ever decides his position gets in the way of theirs. I think they would refer to him as a beligerent of the state. 

    I apologise if I’ve offended anyone by ranting.

    Stackem high! Stack em wide!

    peace!

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