The reality is that gold will never require a taxpayer-funded bailout. It won't crash the financial system. And it won't enslave future generations to higher taxes and inflation.
2. "All the gold in the world
would form a cube of
67 feet (20 meters)
on each side."
Warren Buffett
20 METER
20 METER
3. USELESS HUNK OF METAL
In doing so, he was attempting
to argue that there was no
point in owning gold since all
the gold in the world would be
an unproductive,
4. What's ironic and completely lost on the
venerable Mr. Buffett is that you could
make the same argument about
the paper-basedfinancialsystem.
5. It's a similar story with
government debt, which exceeds
$56 TRILLION
WORLDWIDE
Now, it may be a cute thought
experiment to blast gold as a
useless hunk of metal.
6. FINANCIAL SYSTEM
But the reality is that gold will never
require a taxpayer-funded bailout. It
won't crash the financial system.
And it won't enslave future
generations to higher taxes and
inflation.
7. At least as a means of
preserving assets over the
long-run, 'useless' certainly
beats 'destructive'.
ON THE BALANCE
8. It's estimated that the derivatives
market now exceeds
in notional value.
$1 QUADRILLION
$1,000,000,000,000,000
9. If you were to somehow accumulate
and stack up $1 quadrillion.
The pile would be thousands of feet
high and hundreds of yards long...
much bigger than the cube of gold."
20 METER
20 METER