No. of Recommendations: 17
There is a chance Buffett might say, in view of what's happening on the world stage, I can understand why investors might be 2-5 % gold.
It's true that Mr Buffett bought precious metals once, a 2% allocation to silver bullion, so we can't say it's impossible. But per my previous comment: I think that if he were to admit that there might be a case for a small allocation to gold, it would only when the price is lower than usual : )
As for the meeting topics---
I think he is unlikely in the extreme ever to abandon his stance that the US has been the best place on the planet for economic development and investing. I think he will sing this siren song more strongly than ever. This has been true for a very long time, and he has been right about it for a very long time. A few decades of positive reinforcement will entrench almost any opinion. I think he will continue to conclude that merely because it HAS been true, it will ipso facto REMAIN true.
Myself, I'm not comfortable with that last little bit of reasoning. Say you're thinking about buying a nice big farm. If the northern field of a farm gets more water and has been more productive than the southern field for the last century, you don't make a huge wager that this will remain true just because it has always been true. First you check to see if there are new problems in the northern field's water supply that weren't there before, and you assess how likely it is that the water supply will last forever at its previous level.
Jim
