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Measured in Poodles, gold is up over 38% yoy and averaged about 4% a month for the first quarter and about 6% in April. But whilst the "pet rock" is soaring, Berkshire Hathaway is having its worst year ever: Billionaire investor Warren Buffett says his company Berkshire Hathaway has sold all of its shares in the four largest US airlines.
- Warren Buffett's company Berkshire Hathaway sells US airline shares
That's similar to the report by Antal Feteke that the gold mining companies had sold gold short as a fake hedge when gold prices hit a nadir, rather than the top and then bought them back at the peak at a HUGE loss of tens of billions.
The Shyster of Omaha also has large holdings of "worthless paper" USD as the FED has announced QE unlimited, shares in Apple as it is in its third year of declining smartphone sales (its biggest revenue source) and shares in Amazon, which one analysis claimed its price suggested Amazon would expand until it conquered the entire planet.
He then said he had been wrong to invest in the airline industry.
Mr Buffett's comments came just hours after Berkshire Hathaway announced a record $50bn (£40bn) net first quarter loss, Reuters news agency reports.
. . .
The firm began investing in the four airlines in 2016, after avoiding the aviation industry for years.
If he was wrong to invest, then he should have realised much sooner and sold much sooner. Oil prices peaked in 2008 and are about a third of airline costs. Instead, he waits until coronavirusgate hits and sells at the bottom. What happened to being greedy when others are fearful and being fearful when others are greedy?
In other words, the Shyster of Omaha and Charlie Munger are Dr. Frankenstein and his assistant Igor keeping Great Satan zombie corporations alive.
They're now joined by the FED which created its first trillion in 35,000 days according to David Stockman. But has now created $2trillion in just 30 days more. In other words, it's out of control and gone EVEN MORE parabolic.
Of course, by printing "worthless paper" USD out of "thin air", the FED is effectively roping in all holders of them (except gold bugs) into supporting the zombie market whether they like it or not.
Meanwhile, the excuse for a significantly higher gold price on the CRIMEX compared to the equally corrupt LBMA, is that refineries are shut down. Never mind that only a teeny-tiny percentage of trades on the CRIMEX are ever settled in physical and that the CRIMEX has been heavily using the Exchange For Physical scam to divert demand to the LBMA, despite it being a supposedly "emergency" measure (much like the default on gold in 1971 was "temporary").
Despite defaulting on a mere 300 tons of Germany's gold for four years and now 600 tons owed to China, the CRIMEX vaults are now, impossibly, reporting HUGE increases, which is obviously fraudulent.