Feb 17, 2008

Warren Buffett on gold

It 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.

~ Warren Buffett, speech given at Harvard, 1998

Image result for gold discovery stamp
California Gold Centennial
1848-1948

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