"That settles it for us; gold must be a table-pounding buy". - Lear Capital Review of Article

Warren Buffett says physical gold has “significant shortcomings”. The truth is, I feel that Warren is just envious of how a gold coin has out-performed his own firm lately. From this Daily Reckoning article, authored by : “Therefore, despite gold’s “significant shortcomings,” it has delivered a much higher return during the last 14 years than the “useful” and “procreative” Berkshire Hathaway.” And:

In other words, an investor who purchased gold at any time after January of 1998 would have received a higher investment return over the following 10 years than an investor who purchased Berkshire Hathaway. That seems like a fairly useful investment result.

Nuff said Warren. And in light of this, as the world’s central banks continue to perform back-door-quantitative-easing (I call it Helicopter Money), I’ll pass on Warren’s paper assets and buy more physical gold. Why? Also from the article:

“If the basic definition of quantitative easing (QE) is a significant increase in a central bank’s balance sheet via increasing banking reserves,” Bianco remarks, “then all eight of these central banks are engaged in QE.”

Yep, I’m buying more physical gold from Lear Capital today!