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Message: Buffet on golds . . .

Jul 09, 2010 04:29PM
1
Jul 10, 2010 07:55AM

'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.' Warren

To my knowledge SAN's investors are earthbound although orders would be accepted from anywhere in the Universe if paid for with "cash!" After all, even Warren, as rich as he is reputed to be, isn't about to extend credit to those "watching from Mars!" (Although if Wall St banks could package the credit given to the little green people as Martian Debt Swaps (MDS's) and peddle these "commodities" to their earthbound "buddies" it may have some merit! (Seems to me they've alreadty done that!)

RUF

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