Tuesday, October 19, 2010

market news

"Look, you could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?"

Warren Buffett

1 comment:

Justin said...

A big cube of metal sounds kind of sweet. (Is it true that ALL the gold that has ever been mined would only fill 67 cubic feet? Also, is it strange that THAT is the question I have after reading this?)