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« Warren Buffett | Main | Is deflation in our future? »
Gold
Posted by Chris Farrell on Saturday, November 15, 2008
Another pearl of wisdom from Warren Buffett, this one courtesy of the economists at the Angry Bear blog:
[Gold] 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.
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Delbert Redmon wrote: Ge Money bank is closing lots of consumer accounts that are ... [read]
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John Anderson wrote: Chris, Why isn't there more talk on your program about Gold?... [read]
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Books by
Chris Farrell
Right on the Money!: Taking Control of Your Personal Finances
Deflation: What Happens When Prices Fall
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A Random Walk Down Wall Street
by Burton Malkiel
The Little Book of Common Sense Investing
by John Bogle
Common Stocks and Uncommon Profits
by Phillip Fisher
The Intelligent Investor
by Benjamin Graham
More Than You Know: Finding Financial Wisdom in Unconventional Places
by Michael Mauboussin
Smart and Simple Financial Strategies for Busy People
by Jane Bryant Quinn
Stocks for the Long Run
by Jeremy Siegel
The Random Walk Guide to Investing: Ten Rules for Financial Success
by Burton Malkiel
The Only Investment Guide You'll Ever Need
by Andrew Tobias
Unconventional Success: A Fundamental Approach to Personal Investment
by David F. Swensen
Comments (2)
November 15, 2008 11:37 AM
Hi Chris,
The subtitle of your blog is, "Helping you manage your money well." As I look back over your posts from the past couple months there's very little that seems applicable to folks' personal finance management there.
Certainly it's your blog and you can do whatever you want with it. I'm just throwing a little feedback your way. I enjoy listening to you on the radio program.
Sincerely,
Jason
December 13, 2008 10:49 AM
Chris,
Why isn't there more talk on your program about Gold? Gold and silver have been currencies for 5000 years and are the only currencies that have survived, ALL others have failed. It seems to me a disservice to your listeners that with the dollars inevitable failure soon that people that do have money to invest that you don't give this as an option?
Thanks,
John Anderson