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For those who may be interested.
In addition to thinking that bonds are a terrible investment, Buffett goes on to say the same about 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?" - Warren Buffett
http://money.cnn.com/2010/10/18/pf/investi...rtune/index.htm
In addition to thinking that bonds are a terrible investment, Buffett goes on to say the same about 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?" - Warren Buffett
http://money.cnn.com/2010/10/18/pf/investi...rtune/index.htm
