Buffett's letter to shareholder is out

[SimonPB]

always worth reading .. link and some gems at http://tickertalk.co.za/blog.php?user=SimonPB&blogentry_id=3551

[Blik]

Loved his comment about only sissies ordering the small portions.

[Fredsed]

I just measured some Kruger Rands and sure enough Warren is spot on. They have not changed from their standard size one iota. Color and weight still same too. I think I should take his advise and chuck them.

[SimonPB]

keep one for defcon 4, you'll need soemthing to eat ..

[Rams]

eh eh..but we passed DEFCON 4... midday now so we just passed DEFCON 3..stops still at DEFCON 2 and DEFCON 1

[richardw]

And when it gets really, really bad, you start sharpening your Krugerrands and using them as throwing stars.

[SimonPB]

that is probably the best suggestion for a KR, aside from impressing people when you need to toss a coin for heads or tails ..

[Rams]

and if you stick them all together, they go further

[Fredsed]

Held up at DEFCON 3 whilst restocking the Buffet carriage for lunch.

[#10]

GOLD in any currency.Gold just kills the Dollar,the Rand,the Euro,the Pound.The finest investment of the last 10 years....and just warming up.

[SimonPB]

The finest investment of the last 10 years .. doubt it, what's the total return in Rands or US$ over last 10 years ?? Very sure a number fo share beat it ..

[#12]

let me clarify. I told someone in 2002...get the money out of your Provident Fund at 20% per year.Buy Kruger Rands.Thus in 2007, he would've bought his last chunk.And he'd be sailing along,whilst others stress about their Shares and stuff.Krugers stand a mile-high as a protector of Purchasing Power for the elderly.Buy and go Fishing.uh....the retiree did NOT buy because some idiot told him to invest in Unit Trusts.Yeah..that worked out.NOT !

[#13]

I bought 3 off 1oz KR for a total of 20k plus minus 3-4 year ago..

[Rams]

and i bought 3 Nelson Mandela coins(10 year anniversary) and the value shoots up every time he goes to hospital!

[SimonPB]

gold up around 4 fold in last decade (in zar) .. hmmm .. if you really liked your friend you would have suggested CPI, up some 16 fold, ex divs, in last 10 years ..

[#16]

Not everybody thinks WB walks on water. http://fofoa.blogspot.com/2012/02/yo-warren-b-you-are-so-og.html

[AJT]

Rams, what are one of those coins going for now?

[Rams]

when he was in hospital, the price went up to about R100 000, now worth only about R30 000

[Rams]

he is still buying and hope to keep for another 20-30 years and the man is what, about 70 years old now!....and he pays less tax than his secretary!

[Russ]

lol.Rams,are you going to flog them at his funeral?