Friday, September 26, 2008

Well said

Legendary investor Warren Buffet on the subject of gold and the world's obsession with acquiring and basing currency on it:

"It gets dug out of the ground in Africa, or someplace. 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."

I like every word in this quote. But I especially like the "...or someplace" part.

No comments: