4 ms·
> You can fondle the cube, but it will not respond. It may not, but I certainly will. Joking aside, there is value in having a store of value. Whether it be go
by maratd 14y ago
> You can fondle the cube, but it will not respond.
It may not, but I certainly will. Joking aside, there is value in having a store of value. Whether it be gold, diamonds, or green pieces of paper. Not everything has to produce something. Some things merely facilitate.
- Houshalter 14y agoExactly. The true value of the gold for the investor that chooses to buy it instead, is that in the future he will be exchange it for whatever he wants then at (hopefully) close to the same exchange rate he bought it for. He believes it's value won't decay with time, or at least that there is less risk with it than with his other options. Buffet's argument would be just as valid if it was applied to a pile of US dollars for example.
- drivebyacct2 14y agoAnd yet people argue that gold is somehow more real than, say, Bitcoins.
- DanBC 14y agoExcept gold has an actual use, and it seems to be really rare. Diamonds, bits of green paper, tulip bulbs, are all items that are not actually rare.
- OGinparadise 14y agoTrue, but what % of your money should be in gold? If I had a $20 million net-worth, I'd hide maybe $500K to $1mil in gold /silver coins around "just in case."