Below is a couple of quotes from the article by Ben Stein describing his recent interview of Warren Buffet. “He’s so smart it makes curls your hair.”
“Look,” he says, with his usual confident laugh. “You could take all the gold that’s ever been mined, and it would fill a cube 67 feet in each direction. For what that’s worth at current gold prices, you could buy all — not some — all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?”
Read the entire aticle here: http://finance.yahoo.com/news/Warren-Buffett-Forget-gold-hftn-727222639.html?x=0&.v=1