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Warren Buffet had this to say in a past letter to shareholders of Berkshire Hathaway: "Today the world’s gold stock is about 170,000 metric tons. If all of thi
by chasil 4y ago
Warren Buffet had this to say in a past letter to shareholders of Berkshire Hathaway:
"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 $9.6 trillion."
https://www.berkshirehathaway.com/letters/2011ltr.pdf https://www.berkshirehathaway.com/letters/2011ltr.pdf