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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?• Beyond the stagger<strong>in</strong>g valuation given theexist<strong>in</strong>g stock of gold, current prices maketoday's annual production of gold commandabout $160 billion. Buyers -- whether jewelryand <strong>in</strong>dustrial users, frightened <strong>in</strong>dividuals, orspeculators -- must cont<strong>in</strong>ually absorb thisadd<strong>it</strong>ional supply to merely ma<strong>in</strong>ta<strong>in</strong> anequilibrium at present prices.

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