Chapter 1325 (1/2)
When the turmoil in the stock market caused by the financial crisis made the investors at a loss, Buffett, who has been regarded by the Americans as the indicator and flag to judge the direction of the stock market, used his influence and lighthouse effect to drive a large number of people to copy the U.S. stocks, which really won a lot of cheers in the early stage.
However, in this month, all the people, including himself, who enter the market to copy the bottom, are now covered up, with heavy losses. The behavior of the old rogue, not only does not win more respect, the wealth is shrinking, but also is ridiculed by some people on Wall Street, which not only shakes the respect of the market professionals, but also meets the ordinary people The crisis of public trust.
It is in this context that Andy Smith entered the gold market in a frenzied way, without shouting for attention, without concealing the fact that he ate alone, so that a group of investors and people who took risks to follow him into the gold market reaped rich returns. With the rise of gold all the way, people's esteem and trust for Andy Smith has increased again and again.
When the price of gold rose to 800 US dollars / ounce, it experienced a shock, and there was a big profit return trend. At that time, Andy just sent a picture of a small pile of US dollars on the left and a gold bar on the right on instagram, with the words, ”buy gold, cash is garbage.”
After Andy Howe spent more than 30 billion dollars to buy gold, this information clearly pointed out the direction of investment for the first time, which made many hesitant people and investors enter the market. Those professionals who didn't care about Andy's investment in gold, even joked about it, are now regretful.
As central banks continue to inject capital into financial markets, printing ”paper pump” crazily, and interest rates continue to drop, at the moment when liquidity is tight, it seems like water is pouring into the sand, but sooner or later it will flow out.
With the increase of money, the world is full of water!
Inflation and currency devaluation will be inevitable. Under such circumstances, Andy Smith's view of gold as a safe haven and cash as a waste has become a bright light in many people's minds.
However, just because of Andy's photo essay, some good Samaritans deliberately provoked a so-called ”new king” and ”old king” internet war.
As the most successful investor in the world and the ”Godfather” of value investment implementation, Buffett has many supporters in the world, few people doubt his views, and few people dare to act against his views, which can be said to be the best in the world.
Even if he lost a lot this time, the short-term gains and losses are not enough to affect him. Many of his fans and Andy's brainless fans naturally began to quarrel.
Originally, Andy's brain powder was used to be used to fight against people for a while. Every time he exposed a scandal, his brain powder people would trample on the gossip mistress. He had no way to deal with these people.
However, I don't know for what reason, or the old hooligan of the stock god really has an opinion on Andy. Warren Buffett was surrounded and questioned by reporters, and said a very classic sentence with a cold face.
”Gold is a chicken that can't lay eggs. I won't buy it if it falls again!”
In an uproar, the farce seems to be accompanied by the reporters' heated debate. The stock God almost targeted Andy Smith.