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overtheedge
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Warren Buffett’s Father, Gold, and Liberty - Jeff Nielson - Sprott Money -

"[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. ...

…that’s not the worst part of gold in Buffett’s view. His biggest issue is the fact that gold is just so worthless. Not in the value someone is willing to pay for an ounce of it, but in its ability to create wealth. "

But what about the economic system prior to 1933?
Were there no profits? No accumulation of savings available for investing?

Obviously Warren Buffet is just another soldier in the war against sound money.

See: "The Richest Man in Babylon", George S. Clason. Available as a free download.

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Beginning of the headline :Is there a connection between Human Freedom and a Gold Redeemable Money? At first glance it would seem that money belongs to the world of economics and human freedom to the political sphere. But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty . [emphasis mine] - Rep. Howard Bu... Read More

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