Investing in Precious Metals Just because it shines, doesn't mean it ...
Investing in Precious Metals Just because it shines, doesn't mean it ...
Investing in Precious Metals Just because it shines, doesn't mean it ...
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What does Warren Buffett say?• In the February 27, 2012 issue of Fortune,Buffett wrote:Today the world's gold stock is about 170,000metric tons. If all of this gold were meldedtogether, <strong>it</strong> would form a cube of about 68feet per side. (Picture <strong>it</strong> f<strong>it</strong>t<strong>in</strong>g comfortablyw<strong>it</strong>h<strong>in</strong> a baseball <strong>in</strong>field.) At $1,750 per ounce-- gold's price as I wr<strong>it</strong>e this -- <strong>it</strong>s value wouldbe about $9.6 trillion. Call this cube pile A.