Warren Buffett - Gold and Paper Money
7 May 2012 CNBC
[It's a huge question people have asked us, this huge run up in Gold over 4 years. 'Civilized people don't buy Gold!'
Gates - Historically I did have Silver investments. But Gold is so
psychological. Countries need liquidity, here is an asset which is not
doing anything for the citizen, people don't suddenly buy 4 times more
jewelery. It's just purely other people in the future think it's worth
more than it's worth today. People panic. The supply equation will
change. The bulls will have to adjust to innovation.
Warren Buffet -
has gone and Berkshire hasn't gone up by as much. If you buy an ounce
of gold you can carress it and fondle it, a hundred years from now you
will still have an ounce of Gold. If you buy farmland it will produce
for 100 years and you will still have the farmland. You can buy the Dow
Jones, at the end you have dividends for 100 years. So a productive
asset is going to kill a non-productive asset. But any asset can
outperform any other asset [Beautiful - he knows the inherent
contradiction that is both for and against Gold]
THEY ARE RIGHT TO BE AFRAID OF PAPER MONEY. If they run from it that is a
mistake....but it is a correct premise" [Amazing]
Central Bank, Gold Silver Price, Fed, Global Currency War, Global Economic Crisis – YouTube - Check our website daily at http://www.figanews.com Central Bank, Gold Silver Price, Fed, Global... <<<< This is just a summary please visit http://gold-si...
1 hour ago