Skip to main content

When Investing in Gold is a Good Idea

Drums keep pounding rhythm to the brain
La dee da dee dee
La dee da dee da

The beat goes on! Here’s the world’s most successful investor talking about our favorite metal:

Warren Buffett on gold:
“You can fondle it, you can polish it, you can stare at it. But it isn’t going to do anything.”
Except protect you from losing every dime!
“Gold really doesn’t have utility,” the 80-year old told shareholders at Berkshire Hathaway’s annual general meeting. “I’d bet on a good producing business to outperform something that doesn’t do anything.”

Yes, so would we. And we’d usually rather have a jacket from Ralph Lauren…or Brooks Brothers…than a Life Jacket. And we’d usually like to see a pick-up truck or a delivery truck in our driveway, rather than a fire truck. And we’d much rather spend the night with Julia Roberts stark naked than with a heart surgeon in full medical regalia.

But hey…guess what? There’s a time and a place for everything.
Why did God bother to create gold, anyway? Is it just for ornamental purposes?
Historically, gold has had one other very important use. And, while most of the time it is useless, occasionally it is indispensable. Most of the time, gold is as dumb and lifeless as a joint session of Congress. Buffett is right; most of the time, it’s as useless as a seat belt.
Labels:

Comments

Post a Comment

Popular posts from this blog

Census Bureau: Means-Tested Gov't Benefit Recipients Outnumber Full-Time Year-Round Workers

(CNSNews.com) - Americans who were recipients of means-tested government benefits in 2011 outnumbered year-round full-time workers, according to data released this month by the Census Bureau. They also out-numbered the total population of the Philippines. There were 108,592,000 people in the United States in the fourth quarter of 2011 who were recipients of one or more means-tested government benefit programs, the Census Bureau said in data released this week. Meanwhile, according to the Census Bureau, there were 101,716,000 people who worked full-time year round in 2011. That included both private-sector and government workers. See more at: cnsnews
Post a Comment
Read more

“Officer of the Year” Admits to Raping 20 Male Immigrants, Not Charged as Sex Offender

Broward County, FL — A former Florida police officer has admitted to forcing undocumented immigrants into having sex with him. Jonathan Bleiweiss, 34, pleaded guilty to an array of charges last week, admitting to 14 counts of armed false imprisonment, 15 counts of battery and four counts of stalking. However, he avoided all of the charges with “sex” in them. Most likely due to his police officer status, this former Broward Sheriff’s deputy was given an insultingly lenient plea deal. As part of that deal, Bleiweiss did not face charges of sexual battery, and as such will not be required by the state of Florida to register as a sex offender. A group of approximately 20 undocumented immigrants alleged that Bleiweiss, harassed them, molested them during pat-downs, and threatened them with deportation if they refused to perform sex acts. Eerily enough, just after this officer was named Employee of the Year for his district, Bleiweiss told the South Florida Blade ...
Post a Comment
Read more