Hmm, now add China, India, and Turkey. I wonder how long this will take in order to run out of Gold.
“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
― Warren Buffett
Commentary by tzcap: I wonder what kind of line Mr Buffet can come up with for all the prized fiat currencies that have failed or what he could teach the Incas or Mayans about Mars and gold if they were still around.
Source:
Smaulgold