Soared 12. 2 percent after acquiring u. K. Platform breathed for 32000000. 00 in south africa the all shares also in the green on wednesday the central bank reiterated it would keep rates steady at least in the near term Consumer Staples and gold miners also lead those gains lets head over to europe in the americas starting in london where the footsie is up for the week well and gas prices hope those gains the index saw some losses though on friday data out of the u. K. Showed that g. D. P. In august grew 2 point one percent which was less than expected the german dax also in the green now german exports rose for the 4th consecutive month by 2. 4 percent in august after a 4. 7 percent rise in july french also in the green closely monitoring about u. S. Stimulus. Will the evil best by also seeing another green arrow the main be 3 stocks climbed 2. 21 percent that drove us stocks led those gains in line with crude oil which also rose about 6 percent now heading over to mexico the b. M. V
Report has been right for the past 10 years he dumped many of his banking shares and went long gold miner derek the biggest gold miner in the world so max what do you think about this sea change in his portfolio right well it was obvious that he would have to get into gold gold mining gold bullion at some point he had too much cash he was underperforming the stock market for 15 years he had made an enormous mistake in airlines again for the 2nd time in his career took a huge loss. And you never understood Technology Got in very late and hes got a problem now with all the money that he helped bring into existence by having the government bail him out perpetually not not not not in 2008 was a huge bailout of Warren Buffett and they had a print trillions of dollars he used to base the value of this figure of money the u. S. Dollar and the only protection now we have as a way to preserve wealth is to get into gold so this is the 1st foray into gold and dissipate that within 2 years 20 to 3
Continue to hold up well. Temporary laidoff workers in some ways have been brought back. 6. 6 million jobs. Guy no surprise the bank of canada has left the key rate at 25 basis points. So untilontinue to do capacity is absorbed. There is a huge output gap that exists in United States and globally. That needs to be sorted out before we see any sort of rate rise. Mirror whatting to is happening in the United States on an imminent. Many suspect on unemployment. Many suspect we will see the bank of canada mirroring what we have seen from the fed with a focus on average inflation. Atx we are taking a look elliot management trying to block chevrons takeover of noble energy. You have elliott trying to block the companies. Chevron is trying to buy noble energy. They got shut out of the anadarko deal. Both stocks are holding on with gains in the market. I dont know why they would try to break up the deal. Nevertheless they are trying to break it up. Turning to the vaccine and the race for the c
Dissipate that within 2 years 20 to 30 percent of the berkshire portfolio will be gold or exposed to gold buffett so burning 90 years you know 90 year birthday you know if you spot a Spring Chicken anymore think charlie monger is a few years old or so theyve got him out think about preservation of capital they may have tons of mistakes now they decide to salvage what they can of course one thing you can point to this and say is that this is part of perhaps is dispute with the fed because remember he did want to bail out the airlines i in a way that would give him a good deal and a bigger percentage of the big 4 airlines in america but who outbid him that was the u. S. Federal reserve they gave no Strings Attached to their free money to the airlines which is basically never going to have to be paid back so of course Warren Buffett then dumped his airline shares and then down to banking shares in the 2nd quarter and while he was buying gold im buying back at half a 1000000000. 00 with th
A civil war with People Killed on both sides. Those are your headlines my colleague neil harvey will be here in about an hours time with another look at your headlines this is our International Stay with us. Here this is. Gold in money. To do that jay powell do that jay powell old whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa whoa move would get ready this is not virtual this is real they had virtual jackson hole they had an ounce or profoundly consequential zirp for ever essentially were going to have a 0 percent Interest Rates for easier for 5 years that was on the advice of plucky plucking once again profoundly consequential to the World Monetary system so those are forever as we have predicted here for years on report remember we said you cant taper a ponzi and it turns out you cannot taper a ponzi theyre admitting that of course a lot of people love it because what happens that the markets boom right and mark i got my money again i got my money again my name is jay jay jay i g