Here we go with WB again. LOL

http://www.businessinsider.com/warren-buffett-explains-why-stocks-are-obviously-better-than-gold-2012-2

Today the world's gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce -- gold's price as I write this -- its value would be about $9.6 trillion. Call this cube pile A.

Let's now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world's most profitable company, one earning more than $40 billion annually). After these purchases, we would have about $1 trillion left over for walking-around money (no sense feeling strapped after this buying binge). Can you imagine an investor with $9.6 trillion selecting pile A over pile B?

Read more: http://www.businessinsider.com/warren-buffett-explains-why-stocks-are-obviously-better-than-gold-2012-2#ixzz1ltr9S2X4

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LOL. That is what credit expansion does to all asset class and when credit contraction comes (as we are in the cycle now) we will see how those assets goes down.

所有跟帖： 

• If you see it for ten years, return from gold is much higher th -Xiaoyuerziba- ♀ (168 bytes) () 02/09/2012 postreply 13:47:11

• WB is a moron on gold,,, -hercules007- ♂ (588 bytes) () 02/09/2012 postreply 14:39:59