RE:RE:Buffet buys goldIt may be the case or it may not. Buffet is essentially a long term investor and has great success over many decades mostly with consumer goods. He does occaisionally dip into resource extractors but only when he sees a good chance for a quick profit and then he gets out. A few years back he bought CNOOC the chinese oil giant. He made a huge profit and dumped it in less than a year if i remember correctly. He did the same with silver a while back buying a huge amount of physical and then dumping it after it went up 3 or $4. I suspect he is up to his old tricks now as well. If his purchase of barrick made the sp go up 12%, he will wait till it goes up another 12% and then dump it for a quick $100 million profit.