3 ms·
Here, from Warren Buffett: http://fortune.com/2012/02/09/warren-buffett-why-stocks-beat-gold-and-bonds/ http://fortune.com/2012/02/09/warren-buffett-why-stocks
by beambot 10y ago
Here, from Warren Buffett:
http://fortune.com/2012/02/09/warren-buffett-why-stocks-beat-gold-and-bonds/ http://fortune.com/2012/02/09/warren-buffett-why-stocks-beat...
> 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.
He then goes on to say why he doesn't care for it: it's not a productive asset.