Monday, October 25, 2010

Reason 11 of 12 that Gold is a bubble and will burst (The Money Game)

The Oracle is a huge gold bear



The Oracle is a huge gold bear


Warren Buffett is not always right. But when it comes to long-term investment predictions there is probably nobody better than him in the world. Here's what Buffett recently said about gold in an interview with Ben Stein: ""Look," he says, with his usual confident laugh. "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?" "



Go HERE for the other 11 reasons.

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