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dom1971
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An Answer to Warren Buffet on Gold

- Food for thought - 24hgold

Without wanting to sound like I'm high on my horse... I put it to you that it is possible that any investment is an attempt to make something from another's loss. Indirectly through ETFs and shares or directly through speculation of some sort or another.

Its interesting how as a society we differentiate this behaviour so strictly. People like Warren Buffet are elevated to "hero" status while at the same time bankers are shunned / overpaid. It all stems from this same core desire, greed.

Unless you're going to hold that gold until the next global financial reset, investing in gold is a bet that somebody will pay more for it than you did. You're counting on people paying too much for it... taking profits from people who fear for their own "portfolios" as much as you do yours.

Commented 3702 days ago

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Beginning of the headline :This is in response to Warren Buffett's quote that gold has no utility and people watching from Mars would be confused. "Federal Reserve Notes: They get printed on ordinary pieces of paper, or something. We use expensive presses and lots of ink and make these things, then we stick them in a vault and pay people to stand around guarding them. They have no more... Read More

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