tag:blogger.com,1999:blog-8091367287813993533.post4946616884305345653..comments2023-10-22T11:30:33.581-04:00Comments on Do-It-Yourself (DIY) Investor: Buffett on GoldRobert Wasilewskihttp://www.blogger.com/profile/04536814650758511673noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8091367287813993533.post-58716714906693623942011-03-27T18:10:40.043-04:002011-03-27T18:10:40.043-04:00If it's a choice between all the gold and all ...If it's a choice between all the gold and all the farmland + some to spare, then I take the farmland. However, I think Buffett is ignoring the utility of gold as money. It's not just something pretty to look at, but the mere fact that it is scare and has historically been used as money is what still gives it value today. <br /><br />Buffett is really setting up a strawman because one Invest It Wiselyhttp://www.investitwisely.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-84689218456225948912011-03-26T20:45:43.862-04:002011-03-26T20:45:43.862-04:00Buffett makes a similar argument towards the dolla...Buffett makes a similar argument towards the dollar! He is all for money that is 'earned' and not printed or speculated!moneyconehttp://www.moneycone.comnoreply@blogger.comtag:blogger.com,1999:blog-8091367287813993533.post-70407971036506460072011-03-26T16:11:06.414-04:002011-03-26T16:11:06.414-04:00I also agree with Buffett. I'll take the farml...I also agree with Buffett. I'll take the farmland, stocks, etc. Perhaps gold will turn out to be an excellent investment, but the lack of cash flows make it a very difficult asset to value.Chadhttp://www.calculatinginvestor.comnoreply@blogger.com