Warren Buffett on Gold

Written by David Frum on Thursday October 22, 2009

A reader forwards the Sage's assessment of the shiny metal: "It gets dug out of the ground in S. 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."

A reader forwards the Sage's assessment of the shiny metal:

It gets dug out of the ground in S. 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.

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