Warren Buffett

Warren Buffett’s $12 Billion Stock Purchase Analyzed

Back on January 31, I blogged about famous stock investor Warren Buffett informing talk show host Charlie Rose he bought $12 billion (net) of common stocks since Election Day.

The third richest man in the world and his equity purchases were the focus of an article on the FOX Business Network website today. Matthew Frankel reported:

According to Berkshire Hathaway’s latest SEC filing, Warren Buffett and company had an active fourth quarter in 2016. After sitting on a company record $85 billion cash hoard at the end of the third quarter, and having said that Berkshire spent $12 billion on common stocks in the wake of Donald Trump’s election victory, investors have been wondering what Berkshire has been up to. Here’s the answer.

While we don’t necessarily know the reasoning behind Berkshire’s latest investments, or whether they were initiated by Warren Buffett himself or one of his trusted stock pickers, we do know what changed in Berkshire’s portfolio during the fourth quarter. Here are the most notable buys

(Editor’s note: Bold added for emphasis)

I’m not going to steal Frankel’s thunder here. Head on over to the FBN website here to read what the “Oracle of Omaha” has been acquiring.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Thursday, February 16th, 2017 Government, Investing, Stocks No Comments

Warren Buffett: ‘We’ve, Net, Bought $12 Billion Of Common Stocks Since The Election’

In an interview aired Friday, famous stock investor Warren Buffett told talk show host Charlie Rose that he’s bought billions of dollars worth of equities since Election Day. The “Oracle of Omaha” revealed to viewers:

We’ve, net, bought $12 billion of common stocks since the election…

(Editor’s note: Bold added for emphasis)


“Buffett Says He’s Bought $12B In Stock Since Election”
Bloomberg Video

I just blogged about Buffett last Wednesday concerning his belief the United States will be fine under a Trump administration and his long-term outlook for stock prices. From that January 25 post:

Last Thursday, famed investor and Hillary Clinton backer Warren Buffett spoke to CNBC about his thoughts on the United States with Donald Trump at the helm. The third-richest man in the world told viewers:

Certainly he has the most important job in the world. But, America works. And I’ve said this before, it would work wonderfully under Hillary Clinton. I think it will work fine under Donald Trump. We’ve got the “secret sauce.” And it doesn’t work all the time perfectly. But you just look at where we go- milestone after milestone. And, never bet against America.

(Editor’s note: Bold added for emphasis)

The chairman and CEO of Berkshire Hathaway also talked stocks. He predicted:

I have no idea what the stock market’s going to do in the next year. I do know it will be a lot higher 10 years from now and 20 years from now

(Editor’s note: Bold added for emphasis)

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Tuesday, January 31st, 2017 Government, Investing, Stocks No Comments

Warren Buffett: U.S. ‘Will Work Fine’ Under Trump, Stocks Headed ‘A Lot Higher’

Last Thursday, famed investor and Hillary Clinton backer Warren Buffett spoke to CNBC about his thoughts on the United States with Donald Trump at the helm. The third-richest man in the world told viewers:

Certainly he has the most important job in the world. But, America works. And I’ve said this before, it would work wonderfully under Hillary Clinton. I think it will work fine under Donald Trump. We’ve got the “secret sauce.” And it doesn’t work all the time perfectly. But you just look at where we go- milestone after milestone. And, never bet against America.

(Editor’s note: Bold added for emphasis)

The chairman and CEO of Berkshire Hathaway also talked stocks. He predicted:

I have no idea what the stock market’s going to do in the next year. I do know it will be a lot higher 10 years from now and 20 years from now

(Editor’s note: Bold added for emphasis)


“Warren Buffett says the US will do fine under Trump, because we’ve got the ‘secret sauce'”
CNBC Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Wednesday, January 25th, 2017 Government, Investing, Political Parties, Stocks No Comments

Quote For The Week

“It’s an election year, and candidates can’t stop speaking about our country’s problems (which, of course, only they can solve). As a result of this negative drumbeat, many Americans now believe that their children will not live as well as they themselves do. That view is dead wrong: The babies being born in America today are the luckiest crop in history…

For 240 years it’s been a terrible mistake to bet against America, and now is no time to start. America’s golden goose of commerce and innovation will continue to lay more and larger eggs. America’s social security promises will be honored and perhaps made more generous. And, yes, America’s kids will live far better than their parents did.”

-American businessman, investor, and philanthropist Warren Buffett, taken from his just-released annual letter to Berkshire Hathaway shareholders

As someone who followed the billionaire investor on a regular basis as Editor of Investorazzi.com, “Tracking the World’s Greatest Investors,” I find the mainstream media all too happy to disseminate Buffett’s optimism when the economic picture isn’t looking too pretty.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Monday, February 29th, 2016 Business, Entitlements, Main Street, Mainstream Media, Quote For The Week, Recovery, Retirement Comments Off on Quote For The Week

China Overtakes U.S. As World’s Largest Economy

“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”

-Warren Buffett, famous American investor

Lost in all the mainstream media frenzy over protests/riots related to the deaths of Michael Brown and Eric Garner was the following from MarketWatch columnist Brett Arends this morning:

There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet

The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A…

To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.

(Editor’s note: Bold added for emphasis)

While this century may very well go down in history as being “China’s Century,” I suspect the nation of 1.36 billion people will suffer setbacks (some serious) not unlike America did in the years leading up to it becoming a superpower. Despite this, the Chinese look to be taking the baton from the U.S. as far as 21st century hegemony is concerned.


“Little Apple- 2014 Hot Song in China”
YouTube Video

You can read the rest of Arends’ piece on the MarketWatch website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, December 4th, 2014 Asia, Hegemony, Mainstream Media Comments Off on China Overtakes U.S. As World’s Largest Economy

Peter Schiff: U.S. GDP Fell From 2.8 Percent In 2012 To 1.9 Percent In 2013

“Investor Warren Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic despite Russia’s advance into Ukraine.

Buffett appeared on the business cable channel CNBC Monday morning after releasing an upbeat annual letter to his Berkshire Hathaway Inc. shareholders over the weekend. Buffett is chairman and CEO of the Omaha, Neb., conglomerate.

Buffett said the reports he gets from Berkshire’s 80-odd subsidiaries in a variety of industries show that the economy is growing at a moderate rate, despite swings in investors’ mood.

“The American economy for five years has been moving at a fairly steady rate upwards —not as fast as people would like — but I think that absolutely continues now,” he said…”

-Associated Press, March 3, 2014

Well-known stock investor Warren Buffett has been bullish on the U.S. economy for some time now. Not so for a number of the “crash prophets,” including Peter Schiff. The Euro Pacific Capital CEO and Chief Global Strategist added a new entry Friday on his YouTube video blog The Schiff Report where he pointed out that U.S. GDP numbers for the past two years tell a different tale than the one Buffett shared with CNBC viewers this morning. Schiff observed:

The GDP numbers that were released today for the fourth quarter the government came back and revised down. It was a downward revision to fourth quarter GDP. They originally told us the economy grew by 3.2 percent in the fourth quarter. And today, they revised that down to just 2.4 percent. 2.4 percent.

Now, if you look at the entire year of 2013, the GDP grew by 1.9 percent. For the year.

In 2012- the prior year- the GDP grew by 2.8 percent.

Now, wait a minute. President Obama said in his many speeches in late 2013 that this is the year the recovery became real. That we finally have the real recovery that he’s been promising.

Well wait a minute. If GDP in 2013 was up by 1.9 percent, but it was up by 2.8 percent in the year before when the recovery wasn’t real- how is the recovery more real when the economy is growing more slowly now than it was before?


“Recovery Fantasy Persists Despite Contrary Data”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Monday, March 3rd, 2014 Crash Prophets, GDP, Recovery Comments Off on Peter Schiff: U.S. GDP Fell From 2.8 Percent In 2012 To 1.9 Percent In 2013

China, Asia Still Pushing To Become World’s Financial Supercenter

Did you see that TV commercial during the run-up to Election Day?

You know, the one featuring the Chinese professor in 2030 lecturing his students about the fall of the American “empire” through foolish fiscal policies.


“Chinese Professor”
YouTube Video

Seeing that again (I heard a lot of people got angry when they saw it for the first time) reminded me of a number of pieces I came across prior to the global financial crisis rearing its ugly head in the fall of 2008 that spoke of Asia becoming the “supercenter” of global finance as the 21st century marched on. So much so that legendary stock investor Warren Buffett confidently announced:

The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.

Since those more visible days of the ongoing economic crisis, I haven’t encountered that same level of interest from the financial mainstream media about the flow of capital and jobs moving from West to East. Until recently, that is. Perhaps it’s because the whole thing didn’t come crashing down like a number of China/Asia observers had been saying it would? Who knows, but Huw Jones wrote on the Reuters website back on Halloween:

Hong Kong was named the world’s top financial center for the second year running by the World Economic Forum (WEF), thanks to the strength of its business environment, infrastructure and a favorable tax regime.

The WEF’s annual Financial Development Report considered a wide range of factors and underscored the rise of Asian trading centers and the influence of China as the world’s second-largest economy.

Rival surveys based purely on the total value of transactions typically put New York or London in top place.

However, stalling capital markets, sputtering economic growth and waning trust in financial organizations served to ensure that the top six positions remained unchanged from 2011, the WEF said.

The United States was the runner-up, Great Britain third, and Singapore fourth in the 2012 rankings.

In another study of global finance centers, the British were hanging on to the top spot- for now. Catherine Boyle wrote on the CNBC website this past Monday:

London is losing its crown in the battle of the global financial hot spots, with New York expected to overtake it this year as the biggest financial-services employer and Hong Kong and Singapore snapping at its heels.

Hong Kong will overtake London by 2015 if current trends in job cuts and moving business to the East continue, according to a new report by UK-based Centre for Economics and Business Research (CEBR).

Singapore’s emergence as a financial center is also changing the focus away from London, which has had the most city-type jobs since the turn of the twenty-first century.

It will be interesting to see how this all pans out down the road, but my gut tells me China/Singapore/Asia are on the road to becoming the world’s next financial supercenter- bar a complete disaster taking place. Even with a global economic crash, this region of the world appears to be in much better shape financially than its trading partners in the West, which will be vital in weathering the storm and the recovery phase. As for New York City and Wall Street? It may no longer be the center of world finance like it once was in such a scenario, but I would think it would continue to play a vital role in the global financial system, especially here in North America. The same can be said for London and Western Europe.

Down, but not out, I suspect.

Sources:

Jones, Huw. “Hong Kong named top financial center for second year.” Reuters. 31 Oct. 2012. (http://www.reuters.com/article/2012/10/31/us-financialcentres-wef-report-idUSBRE89U0BD20121031). 14 Nov. 2012.

Boyle, Catherine. “London Losing Its Crown in Battle of Financial Hubs.” CNBC. 12 Nov. 2012. (http://www.cnbc.com/id/49778263). 14 Nov. 2012.

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Wednesday, November 14th, 2012 Asia, Employment, Europe, North America, Trade, Wall Street Comments Off on China, Asia Still Pushing To Become World’s Financial Supercenter

Quote For The Week

Gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in 1939, but I think civilized people don’t buy gold, they invest in productive businesses.

-Charles Munger, Vice Chairman and partner of Warren Buffett at Berkshire Hathaway, in a CNBC interview last Friday, May 4

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Monday, May 7th, 2012 Commodities, Investing, Precious Metals, Quote For The Week Comments Off on Quote For The Week

Warren Buffett Still Bullish On America, But Not The Dollar

On Wednesday, April 20, I revisited one of my original “crash prophets,” Warren Buffett, to see what the “Oracle of Omaha” thought might be in store for the U.S. economy down the road. In the latest Berkshire Hathaway Inc. Shareholder Letter that was released on February 26, Buffett, its chairman and CEO, stated that, “America’s best days lie ahead.” However, the third richest person in the world (2011 Forbes list) didn’t share that bullish outlook for the U.S. dollar. From that April post:

The Motley Fool’s Rich Smith wrote on the MSNBC website on March 28:

Let the word go forth: On Friday, March 25, 2011, Warren Buffett predicted the decline of the U.S. dollar.

In a speech given in New Delhi (where he’s hunting up some cheap Indian stocks), the chairman of Berkshire Hathaway warned investors to avoid “long-term fixed-dollar investments” such as 10-year U.S. Treasury bonds. Buffett worries that the $2.3 trillion in new money our government has pumped into the economy, when combined with interest rates so low they’re practically giving money away, are combining to dilute the value of the dollar.

As a result, Buffett warns: “If you ask me if the U.S. Dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not.”

What’s more, he’s matching actions to words. Over the last couple of years, Buffett has been selling off longer-dated bond holdings, shifting assets into cash and shorter-dated paper. Berkshire’s holdings of debt dated longer than 10 years dropped 31% over the past 18 months, while Berkshire’s cash holdings leapt 56%.

This weekend, the annual Berkshire Hathaway shareholders meeting took place in Omaha, and Warren Buffett shared his forecasts for the United States and its currency with attendees. Reuters’ Ben Berkowitz wrote yesterday:

Tens of thousands of Berkshire Hathaway shareholders who descended on Omaha this weekend for the conglomerate’s annual meeting got one unmistakable message from Buffett — no matter how bad the economy, or the deficit, or the political divide, the United States is as good a place to live and work as ever.

“I don’t see how anybody can be other than enthused about this country,” Buffett told Berkshire (BRKa.N) shareholders on Saturday…

The comments echo those Buffett made in February in his annual shareholder letter, but the words still may encourage investors looking sideways at the country, particularly after Standard & Poor’s put the U.S. government’s critical “AAA” credit rating on a negative credit watch.

Buffett told Reuters Insider that S&P’s move was premature, given the U.S. government issues debt only in dollars and can simply print more money to pay debt if absolutely needed.

“The United States is not going to default on any obligation,” Buffett told Insider in an interview after the annual meeting. “We are not a credit risk, believe me.”

Furthermore, “The World’s Greatest Investor” isn’t worried about another banking crisis anytime soon. Berkowitz added:

Buffett also affirmed his support for the banking sector, where he has big bets on Wells Fargo (WFC.N) and U.S. Bancorp (USB.N), calling the odds of another banking crisis “very very low.”

However, Buffett is still wary of the greenback. From the piece:

Where Buffett’s enthusiasm wanes to any degree, it is mostly in conversation on the dollar, which he said is sure to weaken over time, like most other currencies.

Buffett, as usual, said he was shying away from fixed-income investments for Berkshire’s part, even as he keeps some of his personal wealth in Treasuries for safety’s sake.

Source:

Berkowitz, Ben. “UPDATE 1-Buffett remains solid on the American economy.” Reuters. 1 May. 2011. (http://www.reuters.com/article/2011/05/01/buffett-economy-idUSN0113337320110501). 2 May. 2011.

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Monday, May 2nd, 2011 Banking, Bonds, Crash Prophets, Currencies, Defaults, Government, Interest Rates, Money Supply Comments Off on Warren Buffett Still Bullish On America, But Not The Dollar

The Crash Prophets Revisited, Part 2

(Editor’s note: Part 1 located here)

Continuing the three-part series of posts entitled, “The Crash Prophets Revisited,” back on June 15, 2007, I discussed what legendary investors Warren Buffett, Jim Rogers, and George Soros had to say about the future of the U.S. economy at that time. That summer, Buffett worried about mounting trade deficits and what it might mean for the U.S. dollar. Jim Rogers was not only concerned about the U.S. currency, but also a housing crash and recession. Like his old investing partner, Soros warned those who would listen about a hard landing for both housing and the economy.

Tonight I’m going to talk about Soros first before tackling Buffett and Soros.

George Soros

George Soros is the chairman of the financial services/investment strategies firm Soros Fund Management, LLC, the 46th richest person in the world with around $14.5 billion (2011 Forbes list), and is often referred to as “the man who broke the Bank of England.” Notable exploits of the Hungarian-born investor, financier, and champion of liberal causes include:

• Co-founded the Quantum Fund, one of the first truly international funds, with Jim Rogers in 1970. Over the next 10 years the fund gained 4,200% while the S&P 500 advanced only 47%.
• In September 1992, he risked $10 billion on a single currency speculation when he shorted the British pound. It was reported that he made almost $2 billion from that trade.
• Along with that famous pound trade, he is cited by some as the “trigger” behind the Asian financial crisis in 1997, as he had a large bet against the Thai baht.

While George Soros says that the U.S. dollar is “quite strong” these days, he warns that the U.S. economic recovery could stall if the Federal Reserve starts raising interest rates anytime soon. Cynthia Lin wrote on the Wall Street Journal website on April 8:

The level of debt that is acceptable and when to begin tightening monetary policy in the U.S. is an important but “very open” question, billionaire financier George Soros said Friday in interview on Bloomberg TV from Bretton Woods, N.H.

“We’re in the midst of a very complicated, delicate two-phase maneuver,” Soros said, highlighting the economic juncture at which the U.S. resides, where “flooding the world with money” is drawing to an end and policymakers are beginning to debate when to tighten monetary policy…

Soros added that he believed the dollar to be “quite strong.”

Soros also stressed that a premature turn to tightening has its risks.

“There is a danger that, by pushing this too far, you could abort the very fragile economic recovery that we are currently enjoy and push the economy into a slowdown,” he said, “and I rather fear that these political forces might push us there.”

Warren Buffett

Warren Buffett is the chairman and CEO of Berkshire Hathaway, a conglomerate holding company headquartered in Omaha, Nebraska, the third richest person in the world with around $50 billion (2011 Forbes list), and has been called “The World’s Greatest Investor.” His moneymaking exploits are legendary:

• Buffett’s first investment company turned a mere $100,000 into $100 million in just 14 years. As for Buffett’s part of the original investment, he put up only $100 before becoming a millionaire for the first time at age of 32.
• Berkshire Hathaway’s stock price increased at a rate of 21.1% annually from 1970 to 2010
• A 2007 academic study found that using Buffett’s investment techniques for 31 years would have delivered an annualized return of 25%- double the return of the S&P 500

These days, while Warren Buffett is bullish on America’s prospects- he’s still bearish on the U.S. dollar. From his latest annual letter to Berkshire Hathaway shareholders:

Money will always flow toward opportunity, and there is an abundance of that in America.

Commentators today often talk of “great uncertainty.” But think back, for example, to December 6, 1941, October 18, 1987 and September 10, 2001. No matter how serene today may be, tomorrow is always uncertain.

Don’t let that reality spook you. Throughout my lifetime, politicians and pundits have constantly moaned about terrifying problems facing America. Yet our citizens now live an astonishing six times better than when I was born. The prophets of doom have overlooked the all-important factor that is certain: Human potential is far from exhausted, and the American system for unleashing that potential – a system that has worked wonders for over two centuries despite frequent interruptions for recessions and even a Civil War – remains alive and effective.

We are not natively smarter than we were when our country was founded nor do we work harder. But look around you and see a world beyond the dreams of any colonial citizen. Now, as in 1776, 1861, 1932 and 1941, America’s best days lie ahead.

Perhaps not for the greenback though. The Motley Fool’s Rich Smith wrote on the MSNBC website on March 28:

Let the word go forth: On Friday, March 25, 2011, Warren Buffett predicted the decline of the U.S. dollar.

In a speech given in New Delhi (where he’s hunting up some cheap Indian stocks), the chairman of Berkshire Hathaway warned investors to avoid “long-term fixed-dollar investments” such as 10-year U.S. Treasury bonds. Buffett worries that the $2.3 trillion in new money our government has pumped into the economy, when combined with interest rates so low they’re practically giving money away, are combining to dilute the value of the dollar.

As a result, Buffett warns: “If you ask me if the U.S. Dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not.”

What’s more, he’s matching actions to words. Over the last couple of years, Buffett has been selling off longer-dated bond holdings, shifting assets into cash and shorter-dated paper. Berkshire’s holdings of debt dated longer than 10 years dropped 31% over the past 18 months, while Berkshire’s cash holdings leapt 56%.

Jim Rogers

Jim Rogers is the Singapore-based chairman of Rogers Holdings and Beeland Interests, Inc. Rogers is an investor, financial commentator, and author, whose accomplishments include:

• Co-founded the Quantum Fund with George Soros in 1970
• In 1980, Rogers “retired” at age 37 and rode a motorcycle around the world. Subsequent record-breaking travels and a profound global awareness contributed significantly to his investment strategy and books.
• In 1998, created the Rogers International Commodities Index (RICI). Predicted the commodities rally that began the next year
• Correctly called the 2008 global financial crisis

Jim Rogers continues to be skeptical of America’s future. He was recently interviewed by Anthony Wile of The Daily Bell, a weblog maintained by The Foundation for the Advancement of Free-Market Thinking (FAFMT). From Wile’s April 5 post:

Daily Bell: Any more thoughts on the American Tea Party, which just scored some political gains? As we recall you were critical. Any further insights for us on the American political situation?

Jim Rogers: Well it appears that America does seem to understand, at least on paper, that there are staggering problems. We still haven’t seen much action. I haven’t seen anybody cut any spending in a serious way. We are still bankrupt and the situation is getting worse, not better. Now, usually when you have this kind of situation it usually leads to social unrest and more political backlash, I suspect it will this time too…

Daily Bell: Where is gold headed? Silver?

Jim Rogers: Everything I have told the world about gold and silver is going to continue to happen. Eventually gold will be a couple of thousand dollars an ounce, and probably much higher, as currencies become more debased, who knows how high. Silver will definitely reach new highs. As I have said, the US dollar is in serious trouble, and will be debased a great deal in the future, and eventually will be problematical itself. So gold and silver will be measured by the US dollar but I hope there will still be some sound currencies no matter what happens…

Rogers, who in December 2007 sold his New York City mansion for $16 million and moved with his family to Singapore, issued a new warning:

Daily Bell: We asked you this before. What will the world look like in 10 years?

Jim Rogers: There will be many different governments and many different political parties and unfortunately more destruction from civil wars and outright wars. The world will still be in a state of turmoil and perhaps it will be much worse. I could be wrong but you should at least examine the possibility that I might be right. What I would encourage everybody to do is to figure out ways to protect themselves. Most people have insurance policies, like fire insurance, car insurance, health insurance and you hope you never have to use them. But I would hope that everybody takes out some kind of insurance policy for their money, in case I might be right and hope that I am dead wrong and then it’s unused money. But if I am right, at least it’s some protection.

(Editor’s notes: Italics added for emphasis; Part 3 located here)

Sources:

Lin, Cynthia. “Soros: Politics Is Clouding Important US Debt, Policy Decisions.” Wall Street Journal. 8 Apr. 2011. (http://online.wsj.com/article/BT-CO-20110408-710834.html). 20 Apr. 2011.

Buffett, Warren. 2011 Berkshire Hathaway Inc. Shareholder Letter. Berkshire Hathaway. 26 Feb. 2011. (http://www.berkshirehathaway.com/letters/2010ltr.pdf) 20 Apr. 2011.

Smith, Rich. “Buffett Warns: The Dollar Will Decline.” MSNBC.com (Motley Fool). 28 Mar. 2011. (http://www.msnbc.msn.com/id/42306814/ns/business-motley_fool/). 20 Apr. 2011.

Wile, Anthony. “Jim Rogers on the Dangers of Price Inflation, the Promise of Commodities and America’s Continued Decline.” The Daily Bell. 3 Apr. 2011. (http://www.thedailybell.com/1970/Anthony-Wile-with-Jim-Rogers-on-the-Dangers-of-Price-Inflation-the-Promise-of-Commodities-and-America%EF%BF%BD8364;%EF%BF%BDs-Continued-Decline.html). 20 Apr. 2011.

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Survival And Prosperity
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    Yesterday I came across an article on The Straits Times (Singapore) website entitled “Time to part ways with safe deposit boxes.” Business editor Lee Su Shyan wrote Sunday: Growing up, having a safe deposit box symbolised financial adulthood, even more than scoring that exclusive credit card. But that’s not a view shared by many nowadays. […]
  • Next Degussa Numis Day To Take Place February 23, 24
    Speaking of numismatics this morning, Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has posted information about the next Numis Day (first blogged about here) at their Geneva and Zurich showrooms. From their website: The Next Numis […]
  • Related Reading: Precious Metals, Collectible Coins Have Shined In The New Millenium
    Just recently, I brought up a MarketWatch piece that focused on rare coins as investments. Collectible coins are often placed in safe deposit boxes for safekeeping. Today, I want to point out a February 2 article on the website of Numismatic News that analyzed the performance of precious metals against U.S. stocks from the end […]
  • Latest Offshore Safe Deposit Box Promotions
    Here are the latest limited-time specials from offshore safe deposit box facilities listed on this blog’s sister site (link included to web page where each promotion is displayed): Asia Titanium Safe Deposit Box (Kota Kinabalu, Sandakan, and Tawau in Sabah, Malaysia)- “Senior citizens 60 years old and above enjoy 25% off safe deposit box rental.” […]
  • List Of Offshore Private Vaults Updated
    Updates have recently been performed on the list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults. Safe deposit facilities now open for business have been added under the following countries: -Germany (pro aurum, Bad Homburg) -Hong Kong (UltraVault by […]