InvestorsHub Logo
Followers 183
Posts 7856
Boards Moderated 0
Alias Born 02/06/2010

Re: ilovestocks85 post# 29161

Thursday, 07/31/2014 1:56:27 PM

Thursday, July 31, 2014 1:56:27 PM

Post# of 37779
WFEMF & Buffett's Berkshire Hathaway Connection

Warren Buffett is not a big commodity investor. He seeks revenue growth. In respect to gold, for example, Buffett sarcastically stated, "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head." Interestingly, it appears he feels quite differently about tungsten, a metal with enough practical demand to allow Mr. Buffett to see its investment worthiness. As recently as 2012, Warren Buffett's Berkshire Hathaway, through its IMC International Metalworking unit, agreed to invest $80 million in one of the world's largest tungsten mines, located in South Korea. In respect to Berkshire Hathaway's investment, Forbes contributor Eric Savitz wrote, "While the deal may come as a surprise to the outside world, those with knowledge of tungsten understand that it's a crucial but disappearing resource that continues to affect all of us."

http://www.pinnacledigest.com/articles/buffett-terrorists-china-control-metal

Read more about WFEMF at:
http://investorshub.advfn.com/Woulfe-Mining-Corp-WFEMF-23053/

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.