Gold chatting

I rerally love this one from Saj (barelkarsan.com) and Frank ( frankvoisin.com)…

Frank: Saw this neat video on gold the other day.
Saj: I love how it’s both a deflation and inflation hedge. Magical!
Frank: Just have faith!
Saj: Of course, ever the contrarian, Warren Buffett doesn’t like gold:
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 Exxon Mobils, 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?
Frank: Of course you want the cube!
Saj: Yeah, you can’t store 10 Exxon’s in an underground vault!
Frank: And seriously, what are you going to do with $1 trillion in cash at today’s highly inflated prices? Give me that in gold and you’ve got yourself a deal!
Saj: Why don’t gold miners just pay their dividends in gold instead of cash? Don’t they know their investors are just buying more gold with it anyway?
Frank: The investors still need the paper currency to heat their houses when Armageddon arrives.

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