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
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