Quote:
Originally Posted by PR_Glen
i know, i just like to make extremes to exaggerate a point sometimes ;)
and I never thought investing in gold is stupid by any means, it just makes me angry when gold bugs will profess complete market collapses to spread fear and capitalize more on their gold investments because of it.
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Just for the record I'm totally not a gold bug. I am saying you cannot compare equities (WB's path to wealth) and gold. Because of our market we look at it that way, but that is a very narrow way to look at it. Warren Buffet is a genius who built it all on his own, and a good guy it seems like. I would never denigrate him. Edison was wrong (DC v AC) and I credit him with our modern age. Jefferson was wrong (didn't believe rocks fell from the sky) and he was the architect of a great nation. Even geniuses of the highest order sometime make errors of perspective.
Gold is not an equity and should not be seen in the same class, is my point.