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S W
Member since May 2012
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An Answer to Warren Buffet on Gold

- Food for thought - 24hgold

Dom…the higher the price of gold goes ( should that be the case) the less inclined people will be to sell. As such the "price will go higher"

Even less people will sell because they will not sell their gold for increasingly worthless dollars or other paper.
Gold is wealth. Dollars are debt.

Commented 3694 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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