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Wall Street Unplugged - What's Really Moving These Markets

Ep 130 - Why Buffett is Wrong on Gold

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.61.1K Ratings

🗓️ 9 May 2012

⏱️ 66 minutes

🧾️ Download transcript

Summary

Dan Ferris, editor of the Extreme Value newsletter, talks to us from Berkshire Hathaway's annual meeting in Omaha. Dan tells us why every investor should own gold. Rich Suttmeier, chief market strategist at Valuengine.com, believes the U.S. will fall into a recession this year and stocks could by 30%.

Transcript

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0:00.0

S&A Investor Radio looks beyond the regular headlines heard on mainstream financial media

0:07.0

to bring you unscripted interviews and breaking commentary direct from Wall Street, right to you on Main Street.

0:15.0

How's it going out there?

0:18.0

It's Wednesday, May 9th.

0:19.0

I'm Frank Curzier, host to the S&A Investor Podcast,

0:22.0

where I break down the headlines and tell you what's really moving these markets.

0:28.0

Had a real crazy week, had my editors conference at the Stansbury editors conference

0:35.7

which was last week and I was at Sea Island in Georgia. Beautiful

0:40.4

beautiful place. Stayed a great hotel, fantastic food,

0:45.1

a few rounds of golf at a championship course,

0:48.3

which kind of beat the hell out of me.

0:51.2

Also spent time playing cards with Doug Casey who beat me heads up at the final

0:56.2

table to capture the Texas Holdham crown I beat him last year this time Doug just built up the stack a little too early and I

1:04.8

couldn't catch him. Those of you who don't know Doug, founder of Casey

1:08.9

research also wrote Crisis Investing, considered one of the greatest investing books ever.

1:14.2

My strategy when I had him at the final table was to be patient.

1:17.1

Hopefully he would fall asleep.

1:19.8

Doug is an old guy now, wiser than but really really fun enjoyed spending some time

1:26.2

with him but you know it sounds like it's all fun and games at this conference

1:29.0

it's really cool but the real reason we have this conference is to discuss our

1:32.4

best ideas we have it once a year.

1:35.3

We invite hedge fund managers, wealthy investors to speak along with the S&A editors and we all present

...

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