Warren Buffett - Wrong on Gold, Wiped by Inflation

Are the rich really getting richer, or are they being wiped out by inflation too?

I estimate the wealth of one of the most well-know figures in the investment world: 

Warren Buffett. You will see that although his wealth in terms of dollars have increased/remained constant in the past 12 yrs, the wealth in terms of gold has really been decimated. Wonder why he hates gold and still publicly bashes gold.

Year | Worth in Dollars | Worth in Gold
2000, $26b, 92m oz
2001, $32b, 119m oz
2002, $35b, 113m oz
2003, $31b, 84m oz
2004, $43b, 105m oz
2005, $44b, 99m oz
2006, $42b, 67m oz
2007, $52b, 74m oz
2008, $62b, 73m oz
2009, $37b, 38m oz
2010, $47b, 35m oz
2011, $50b, 32m oz
2012, $44b, 26m oz

If one can beat his stock-picking skills in the past 12 years, and accumulate wealth 400% faster than him (to equal gold's rise), by all means go ahead. But for most of us who can't, gold is protection. It will be even more interesting to see his wealth priced in silver.

Check out my other post on Warren Buffett's wealth in terms of other commodities:
http://silvernjin.blogspot.sg/2012/10/blog-post.html