Quotes
WARREN BUFFET ON GOLD
1998 during a speech at Harvard:
[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, buy it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
2009 during a CNBC interview:
I have no views as to where [gold] will be, but the one thing I can tell you is it won’t do anything between now and then except look at you. Whereas, you know, Coca-Cola will be making money…and it’s a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.
2010 during an interview with Ben Stein:
You could take all the gold that’s ever been mined, and it would fill a cube 67 feet in each direction. For what that’s worth at current gold prices, you could buy all–not some–all of the farmland in the United States. Plus you could buy 10 ExxonMobilis, plus have $1 trillion of walking around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?
ROBERT KIYOSAKI
