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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.

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