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Just Shoot Me

Bala, 28, Gordon Gekko in the making, pseudo-intellectual, cynic, bibliophile, obsessive compulsive ranter...

What use is Gold?

June 10, 2007

I just read an awesome article titled "What use is Gold?". I have had similar thoughts about the utility value of Gold before. Warren Buffet once said about gold"It 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." And it makes a lot of sense. Go read the entire article.

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posted by Bala, 6:12 PM

1 Comments:

Yes, that was a good piece on gold. However, here is a fine rebuttal:
Earthling Economics.
For myself, I find it easier to believe in gold than US dollars.
commented by Blogger NeonTetra, 12:42 PM  

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