buffet's bursting bubble, page-6

evening all,

I find the WB thing interesting.

Has WB ever said what he thinks gold should be worth?

By worth I mean what does he think an ounce of gold might or should buy - ie. should an oz buy a suit, a new set of tyres, an ice cream ----- or nothing?

Surely he isn't going to argue for nothing. Gold has always in history been worth something - surely he can't argue against thousands of years of history.

Does he realise that in the approaching cashless society - that if when we are finally in that era that he can come to eg. the Sandstone pub for lunch - find the phone lines go down and hence won't be able to pay for his steakburger - that he still will be able to eat if he is with a friend who carries a few small nuggets.
A half grammer used to buy me 2 steakburgers and two glasses of red.

I'll bet it's still the same.

Warren will have a problem - I'll bet they won't take a US railway share for payment ------- but they will take a little nugget.

I fully understand that WB is coming from a logical position - but he looks foolish for passing off history and the culture of gold.

Gold will 'always' buy you something - and if you have enough of it - it will buy you whatever you want.

WB should understand that before he passes on - it might be the biggest incorrect assumption that he has.

have a great night all

Pinto