Let's have a running commentary on gold. First, we start with a quote from the man himself:
"[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."
As a stock market freak, the quote above has immediate appeal to me. But at the same time- "[gold] has no utility"? Surely that's a bit extreme. There's a value to gold. The only question is what is gold's value? Could it be like just any other commodity, i.e. slightly above the cost of production?
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