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2/21/20

[Answer] Legendary investor Warren Buffett said "Gold gets dug out of the ground..... 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." Based on this quotation what quality of gold is he referring to?

Answer: By locking in forward rates for known foreign payments.




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Legendary investor Warren Buffett said "Gold gets dug out of the ground..... 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." Based on this quotation what quality of gold is he referring to? Legendary investor Warren Buffett said "Gold gets dug out of the ground..... 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." Based on this quotation what quality of gold is he referring to ? Warren Buffett the renowned investor famously dismissed gold in a speech given at Harvard in 1998. He said : “It gets dug out of the ground in Africa or some place. 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.” “[ 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 Buffett KNOWLEDGE CHECK Legendary investor Warren Buffett said "Gold gets dug out of the ground... 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." Based on this quotation what quality of gold is he referring to ? Legendary investor Warren Buffett said "Gold gets dug out of the ground... Th...

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