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Warren Buffett, the renowned investor, famously dismissed gold in a speech given at Harvard in 1998. He said: “It gets dug out of the ground in Africa, or some
by bhaak 6y ago
Warren Buffett, the renowned investor, famously dismissed gold in a speech given at Harvard in 1998. He said: “It gets dug out of the ground in Africa, or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
It sucks that gold is so desired just for its look. If it were cheaper it would be used a lot more for technological devices.
I can't wait until asteroid mining crashes the gold price and hopefully puts an end to the ecological disaster that is gold mining.
- deleted 6y ago[deleted]
- tibbydudeza 6y agoThe same about diamonds.
- perryizgr8 6y agoAt least diamonds have utility in cutting tools etc.
- seunosewa 6y agoDiamonds are worse; they are only expensive because the supply is artificially restricted, and the marketing makes it obligatory for every groom to buy a diamond ring.
- deleted 6y ago[deleted]
- olah_1 6y agoBuffet’s opinion of gold is not at all surprising considering his profession.
- deleted 6y ago[deleted]